SFH sales on track for best year since 2005
November saw 14 sales of SFHs, taking the YTD total to 211. This makes 2012 already the largest sales year since 2005. The moving average in the chart clearly shows the recovery to more normal sales levels. (more…)
Why it pays to bank locally
Here are three stories about National Grand Bank (NGB):
1.On the Monday that Hurricane Sandy was blowing into town, Harborside Realty had a closing scheduled where the buyer was getting a mortgage from a “big box” bank. Said bank decided not to open that day, but did not feel it was necessary to inform their customers. What to do? (more…)
Single Family Home Prices – are they up or down?
Sales are up and returning to normal levels (see last 2 blogs).
But what about prices?
The median price of SFHs in Marblehead bottomed in the first half of 2009. Since then the median price for each 6 month period has gone up compared with the same period the year before – until 2012. In the first half of this year the median price declined 11%. 11%!!!!
How can this be when almost daily we hear reports that prices have shown year on year increases across the country, while in Massachusetts areas such as Brookline and Weston (quite nice, but where’s the ocean?) have reached all-time highs. (more…)
200th SFH sold today
Sales of Single Family Homes have reached 200 for the year for the first time since 2007. Good news.
Countdown to 200 home sales
Much like the New Year’s Eve Ball Drop countdown in Times Square (but with a billion or so fewer people watching), the countdown is on to reach 200 SFH sales for the first time since 2007, another sign of a market returning to normal.
Here is a table showing sales for the last 12 years with the date that the 200th sale was recorded (in the years when sales reached that level). (more…)
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