New Listings, Inventory week ending March 15

Here are this week’s  new listings:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

And here are the latest inventory numbers:


And the March Inventory report: March Inventory shows no Improvement
And read these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

New Listings, Inventory mid-week March 13

Here are this week’s  new listings:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

And here are the latest inventory numbers:


And the March Inventory report: March Inventory shows no Improvement
And read these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

New Listings, Inventory week ending March 8

Here are this week’s  new listings:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

And here are the latest inventory numbers:

And the March Inventory report: March Inventory shows no Improvement
And read these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

March Inventory shows no Improvement

Overall in Essex County, while Inventory has been reasonably consistent in the last 3 years, it is running at less than half the 2020 levels for both Single Family Homes and Condos.

Single Family Homes (SFH)

Condos

Mortgage rates (more…)

New Listings, Inventory mid-week March 6

Here are this week’s  new listings:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

And here are the latest inventory numbers:

And read these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

Open Houses Sunday March 3

Here are today’s Open Houses:

Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

New Listings, Inventory, week ending February 23

Here are this week’s (few) new listings:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

And here are the latest inventory numbers:

And read these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

Open Houses on Super Bowl Sunday

Here are today’s Open Houses:

Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House

*becuase of the timing of the MLS feed, many of Sunday’s OHs do not show up in today’s links until later today and will be in tomorrow’s post

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

Marblehead House sells for 23% over List Price

The most frequent questions asked of Realtors is:”how’s the market?

Here’s one answer.

99 Atlantic Avenue was listed for sale on January 16 at $895,000 and sold on February 9 for $1,105,000, some 23% abhove List Price.

And by the way the Assessed Value is $675,800.

 

Open Houses weekend February 3/4

Here are this weekend’s Open Houses (an updated list for Sunday will be posted tomorrow at 8 a.m.*):

Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House

*becuase of the timing of the MLS feed, many of Sunday’s OHs do not show up in today’s links until later today and will be in tomorrow’s post

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW

Swampscott’s focus on controlling its expenditures and hence the property tax rate has brought increased buyer interest in recent years, with two-thirds of all sales in 2023 being at or above list price.
As elsewhere, the shortage of inventory was a major factor in both price increases and the speed of sales in 2023, despite the more than doubling of mortgage rates.

Fluctuations in median prices can and do occur from quarter to quarter, based upon those properties which actually sell, which is why the trend is more important than the exact numbers. Go HERE to download a copy of this report.
If you are thinking of selling, please contact me for a current market analysis for your property.

This report analyses the Median Price and Sales per quarter since 2019, along with the Sales by Price point, Price per Sq.Ft., and the Days properties were on the market before receiving an offer (DTO). (Median numbers are used in all calculations.)

Median Price and Sales
The median price of the Single Family homes sold in Swampscott increased 45% from $590,000 in 2019 to $855,000 in 2023. Sales were steady from 2019 to 2021, but dropped in 2022, and again, sharply, in 2023.

The median price of the Condos sold increased by 28% from $345,000 in 2019 to $440,000 in 2023, with sales following a similar pattern to that for SFHs.
(more…)

New Listings and Inventory week ending January 19

A slow start to 2024:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

While latest inventory numbers generally in Essex County are 13% below last year’s levels, the declines on the North Shore are dramatic – the 4 towns below have a total of just 26 SFHs and 24 Condos for sale :

 

And these recent articles:
Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
Core Inflation Prices Barely Budged in August
MARBLEHEAD Q3 MARKET REPORT 2019-2023
SWAMPSCOTT Q3 MARKET REPORT 2019-2023 SALEM Q3 MARKET REPORT 2019-2023
ESSEX COUNTY Q3 2023 MARKET REPORT
(more…)