Is this the time to buy that Marblehead beach house?
Watch the sunrise; walk Marblehead’s longest beach; watch the ocean from the second floor office; watch the ocean, watch the ocean, watch the ocean….
Price reduction today and Open House Sunday 11:30 -1:00 at 46 Gallison Avenue.
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Are you thinking about selling? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer
Marblehead home buyers gaining on sellers
On January 1 there were 51 Single Family Homes (SFH) for sale in Marblehead. Year to date there have been 35 new listings, so how many homes are for sale today? The answer is 46. Which means that 40 homes (51+35-46) this year have been sold, or are pending or have been withdrawn. Now is a great time to be a seller. (more…)
Is this Marblehead’s most expensive sale?
According to MLS, an offer has been accepted on 204 Ocean Avenue, which is listed for sale at $6.5 million.
We will not know the sale price until closing but the highest public (MLS) sale recorded in Marblehead is $5.6 million, so there is a good chance that this sale will set a new MLS record. Note, however, that there was a private sale at $6.7 million in 2008.
High End Sales
Here is a year by year list of sales since 2004. Sales in the $2 – 3 million range hit a new high of 9 in 2016, while sales above $3 million have been 3 or 4 in each of the last 5 years. Maybe 2017 will see a break out in sales over $3 million:
Source: MLS, Oliver Reports
Marblehead Oceanfront Open Houses today
All that Marblehead oceanfront living offers can be seen today.
First Open House 11:30 -1:00 at 46 Gallison Avenue
Second up, from 1:30-2:30 is 11 Crown Way. Note that the carriage house and main house may be available separately.
Are you looking to buy? With so little inventory you need an agent working on your behalf. Contact me for details of my buyer agent program.
Are you thinking about selling? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer
Marblehead Million Dollar sales set new record
Sales of houses over $1 million set a new record in Marblehead in 2016. The second table shows that sales in the $2-3 million range increased sharply, but that the very top end – over $3 million – remains flat. (more…)
Marblehead: what is for sale at your price?
Five weeks into 2017 just 8 Single Family Homes(SFH) have been listed in Marblehead and 4 of those have already received offers. Click here for a full list of houses for sale while this chart shows the breakdown by price:
Source: MLS, Oliver Reports
Two spectacular Marblehead Open Houses today
Two spectacular Oceanfront Open Houses today: (more…)
Marblehead 2016 Housing market By the Numbers.
The median price for both Single Family Homes (SFH) and condos reached new highs in 2016. The median price of a SFH increased 4% to $620,000 ( click here for a detailed report ) and the median price of a condo increased 15% to $370,000, fueled by a sharp jump in sales between $350,000 and $500,000.
Source: MLS, Oliver Reports
Are you thinking of selling your home? If so please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Not sure which broker to use to sell your home? Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
6,000 sf : $50 million in New York, $3 million in Marblehead
The sale has been announced of a 6,000 sf plus a penthouse at 70 Vestry in Tribeca on the market for $50 million. Which got me thinking about a 6,000 sf plus oceanfront house 11 Crown Way for sale in Marblehead for just $3 million.
Here are photos followed by a comparison of amenities: (more…)
Marblehead house with pool AND skating rink
Only in Marblehead can you buy a house 11 Crown Way with a pool AND a skating rink*
* do not try this at home – unless you buy the home, are over 21 and sign a disclaimer with your insurance company. (more…)
Marblehead 2016 housing market: new record
In 2016 the median price of a Single Family Home (SFH) increased by $23,500, or 4%, to $620,000, the first time the median price in Marblehead has exceeded $600,000 for a year. As in every year since 2000 except 2010 and 2011, the median price was higher in the second half of the year than in the first half.
Sales were in line with those of the two prior years – 248 vs 245 and 239 – while the number of SFHs for sale on average was much the same as 2015 but down about 25% from 2013 and 2014.
It is important to bear in mind that only around 4% of Marblehead’s more than 6,200 SFHs change hands publicly in any year, but 4% is a reasonable sample, with sales taking place from $300,000 to $4 million.
Median price
The first chart, with the numbers below, shows the median price for the two halves of the year and for the full year. 2016 was the third year in a row where the median price reached $600,000 in the second half of the year, but the first where the full year exceeded $600,000. (more…)
Will Marblehead reach 250 SFH sales in 2016?
My very first post on Oliver Reports in November 2012 referred to the expectation that sales of Single Family Homes (SFH) would exceed 200 that year for the first time since 2007. They did reaching 227. And this year, as of December 16, there have been 240 sales with a further 9 scheduled to occur before the end of the year, suggesting that sales in 2016 will fall just shy of 250, a good level but still below the 285 of 2004. There is no doubt that the shortage of houses for sale held back the number of sales in 2016.
2016 through December 16 Source: MLS, Oliver Reports
Marblehead Christmas Walk: Festival Chorus Concerts
This weekend sees the Marblehead Christmas Walk; click here to see the brochure.
One of the highlights is the Old North Festival Chorus Concerts now in their 36th year. (more…)
Huge jump in Mortgage Loan Limits
Home buyers in Essex County and Suffolk County received a major boost this week with the announcement that the limit for conforming mortgages was being increased by 18% from $523,250 to $598,000.
For a buyer putting down 20% the price of a home that can be financed conventionally – meaning that it can be sold to Fannie Mae or Freddie Mac – jumps by almost $100,000, from $654,063 to $747,500.
This table shows the trend in the last few years: (more…)
Marblehead sets tax rate for 2017
The 2017 tax rate for Marblehead has been set at $11.01, down from $11.10 in FY2016. Before you get too excited, bear in mind that the reason the tax rate went down is that assessed values, reflecting rising prices, went up – which means that tax bills will also be going up. (more…)
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