North Shore Single Family Sales Up 18% in 2012
Sales of SFHS in the 17 cities and towns on the North Shore jumped 18% in 2012, reaching their highest level since 2005. All but Swampscott showed an increase over 2011. While Lynn remained the largest city for sales, its share of the overall North Shore market dropped from 23% in 2005 to 16% in 2012.
Sales remain 17% below peak levels of 2004, with Lynn, Ipswich, Georgetown and Swampscott all showing declines of more than 30%. At the other end, Lynnfield had a 26% increase, and Manchester,Peabody and Topsfield also showed gains.
I am including a table showing annual sales for each community, and a chart showing the overall sales trend with a 3 year moving average.The data confirms that the market on the North Shore is returning to normal. A later article will look at prices.