Marblehead leads the way in Million Dollar sales in Essex County
I have reported in recent weeks that Million Dollar plus sales, including pending sales, will set a record in Marblehead this year, while in Swampscott such sales are lagging. This week I have looked at the whole of Essex County. (more…)
Brain malfunction causes delay in posting
On mature reflection, 6 a.m. today was not the ideal time to decide to update software programs on my computer, especially when brain freeze turned into computer freeze turned into bye-bye data.
This morning’s post, which examines million dollar plus sales in each city and town in Essex County, all 33 of them, for the last 15 years, will be published within the hour. I hope.
Sales and Median Prices YTD by Town on the North Shore
As we are in the summer slowdown I thought I’d look at sales activity and median prices by town for the year to date.
First Single Family Homes (SFHs). While sales are generally down 4-7% year on year, median prices are up 3-6%. (more…)
Still Time to Move to this Marblehead House before Labor Day
It’s not too late to buy this house and be in your new home before Labor Day! Sellers can close as soon as you are ready! And the house is immaculate – all you have to do is move in. (more…)
Housing Inventory Rising but Market still Favours Sellers
This summer’s weather may feel more like a traditional spring, but it is definitely summer in the housing market. Sales are still taking place, but at a somewhat lower level than was the case a few weeks ago. As I said last week, that’s all quite normal. (more…)
Open House: Immaculate, Air-Conditioned, 4/5 Bedroom house, Steps to Beach
Nothing to do but move in!
Enjoy sophisticated living in this wonderful family neighborhood, just steps to private beaches and the Goldthwait Reservation. Sit on the mahogany front porch and observe, or retire to the sheltered private oasis back yard and feast on your own blueberries. (more…)
Marblehead 38 Swampscott 4
After my posts Marblehead Million Dollar Homes – Record Sales and Record Inventory and Marblehead’s Upper End – was 2013 the bottom? , I was asked to look at Swampscott. Here is my analysis. I have compared numbers with Marblehead.
And no, Swampscott did not record 2 safeties in the Thanksgiving football game. The headline refers to the numbers of sales and pending sales so far in 2014 of houses priced at $1 million and above. Here are the details, with numbers also for the full year in 2013: (more…)
Summertime and the Selling is Slowing
Conventional wisdom – which, like the weather forecast, is right occasionally – says that the pace of home sales slows after July 4. The logic of this is that, with the purchase process taking typically 6-8 weeks, July 4 or thereabouts is a good target date for those who want to be in their new homes in time for the start of the school year. (more…)
Come to this Marblehead Open House and experience Sophisticated Coastal Living
It will be a beautiful day today in beautiful Marblehead! Plan to visit this Open House from 12-2.
www.15Vassar.com (more…)
Marblehead’s Upper End – was 2013 the bottom?
Because of both the small number of sales and the fact that each house can be very different – ranging from tear down to immaculately restored – it is hard to produce reliable data on the top end – which I define for this article as $2 million plus.
But I can try.
I have looked at sales (including for 2014 pending sales) and compared them with the number of houses available for sale on July 18 each year:
(more…)
Marblehead Million Dollar Homes – Record Sales and Record Inventory
Sales of properties between $1 million and $2 million in Marblehead in 2014 have already reached 17 with 11 more pending. Assuming all the pending sales close, the year’s total would be 28, matching the previous peak set in 2005.
In all likelihood, therefore, 2014 will see a new record. Along with increased sales we are also seeing more properties for sale, as the following table shows: (more…)
Closing in on peak prices
The overall housing market is very close to peak levels, which generally occurred in 2005. For both Essex County and Massachusetts as a whole the median price in the first half of 2014 was just 3% below the 2005 peak. (more…)
Plan to visit this spectacular Open House in Marblehead on Sunday
Sunday will be a beautiful day in beautiful Marblehead! (more…)
Marblehead Condo Market – Prices hit record but…..
At first glance, the Marblehead condo market reached a record median price level in the first half of 2014, beating the previous high for the first half by more than $20,000.
But it is always important to keep in mind that the condo market here is small, something which can distort raw numbers. There were 19 sales in the first half of the year. The sale immediately below the median was $328,000 and the one above it $405,000, so one more sale in the quarter could have had a marked impact on the median price. (more…)
Marblehead house prices reach new high for first 6 months
The median price of a Single Family Home (SFH) in Marblehead reached a record level of $582,500 in the first half of 2014, narrowly beating the previous high of $577,562 in 2006. Note, however, that prices have not yet bettered the levels in the second half of both 2005 and 2006.
The median price for the full year in 2005 and 2006 was $584,000 and $585,000 respectively, so it would appear at this stage that 2014 will see us very close to prior peak levels. (more…)
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