Record Marblehead Million Dollar Sales
In line with my forecasts during the year, sales of Million Dollar houses in Marblehead reached a new record level in 2014.
Source:MLS, Oliver Reports
Over the last 2-3 years we have seen the normal trend in a recovering market. The improvement started at the lower end has since spread upwards, reaching the upper end in 2014.
At the highest level, however, there are substantial variations. On the one hand are modernized, well-protected houses that are selling at good prices. But houses that need substantial work or need completely redoing, or which have weather-related exposures which are better understood with all the publicity given to flood insurance in the last few years, are selling at what can appear to be bargain levels.
Truly at the top end, buyers need to be aware of what they are getting – and they seem to be.
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or [email protected].
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
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great graph & with relevant information, A.
if you have reasonable easy access to the data – from 2004-2014, and it wouldn’t be a burden, any chance you might do the same for price ranges: $300-399, $400-499, $500-599, $600-699, $700-799; $800-899, and $900-999? It would be an excellent blog; one with relevant information buyers, sellers, and anyone interested in our local real estate scene, would find interesting and helpful.
Keep up your good work. I know you enjoy doing it, and I hope it is augmenting your R E endeavor.
Vb, Jody
Jody: I will look into this. I suspect I will use wider bands but I will try to see what might be helpful.
Many thanks for your comments!