Marblehead record $7 million sale

Prior to 2020 there had been just 5 MLS sales over $5 million in the history of Marblehead, and the highest price recorded was a non-MLS sale at $6.7 million in 2008.

And then there is 2020, which has seen 4 sales over $5 million, including a record sale which closed yesterday at $7,010,000.

An interesting feature of these sales is that just 1 sold for less than its list price – and that by only 1%; 2 sold at list; and this most recent sale of $7 million compared with a list price of $6.5 million.

A few years ago I recall talking to a visitor who commented that high-end property in Marblehead was very cheap compared with many other places.

It appears that this opinion is shared by buyers from “elsewhere” who are now moving to Marblehead for the reasons – in part anyway – that I outlined in my Goodbye Boston, Hello Marblehead article back in May.

How Marblehead’s 2021 Property Tax Rate is Calculated

And for Boston substitute any of many other cities – a recent buyer of an oceanfront property is moving from California.

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205

www.OliverReports.com
Andrew.Oliver@SothebysRealty.com

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReports.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”

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