New Listings week ending August 10
Here are the most recent new listings:
Sagan Harborside SIR
And the details:
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
New Listings Mid-Week August 8
Here are the latest new listings:
Sagan Harborside SIR
And here are the details:
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
Paint it Black – no, not the Rolling Stones
“I see a red door and I want it painted black
No colors anymore I want them to turn black”
The first two lines from the Stones’ hit might well be the anthem behind this recent post from Curbed Boston Black is the new Black
Home of Laura Fenton
“Black house exteriors have come into fashion at what seems like an almost astonishing speed. Pinterest reports that saves for black houses have grown 774 percent since spring 2014, significantly spiking in March of this year (possibly tied to a New York Times story that appeared on March 7).
And people are not just dreaming of black houses. Thus far in 2018, Tricorn Black, a deep, saturated ebony that is perennially one of the company’s most popular blacks, is the 12th most popular paint sold by Sherwin-Williams in the U.S., up from the 33rd spot in 2017.
In Canada, Tricorn Black is the sixth most popular color so far this year, while no black colors even made the country’s top 50 list in 2017.”
Um maybe. But I really don’t see many owners of New England shingle homes deciding to stain them black. Do you?
Open Houses Sunday August 5
A guide to today’s Open Houses in Marblehead, Swampscott, Salem, Beverly and Lynn:
And the details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
Sagan Harborside Sotheby’s International Realty
www.SaganHarborside.com
Housing Inventory increases for 2nd month in a row
(Click here to download a PDF of this report.)
After 26 months of declining inventory year-over-year, August marked the second consecutive monthly increase for Single Family Homes (SFH) in the 34 cities and towns of Essex County. But read on to the section about supply which shows that inventory remains extremely low despite the modest recent increases.
Condo inventory declined for 44 consecutive months, year over year, until June and has now increased for 3 months in a row.
Supply
A market is normally regarded as being in equilibrium between buyers and sellers when the current supply is equivalent to 6 months of sales. Anything less than that is seen as a sellers’ market, meaning there are more buyers than sellers.Thus, while inventory has shown some modest year over year increases in the last couple of months, supply remains very tight in most markets in Essex County. Overall, the supply of SFHs is just 2.6 months,with only 6 towns showing supply of 6 months or more.
The Condo market is even tighter, with only 1.9 months of supply and no individual town recording 6 months.
Comment
While inventory has shown a welcome year over year increase recently, overall supply still strongly favours sellers – at the right price.
Sagan Harborside Sotheby’s International Realty
www.SaganHarborside.com
Open Houses weekend of August 4/5
Here are the Open Houses this weekend:
Saturday
Marblehead Saturday Open Houses
Swampscott Saturday Open Houses
Salem Saturday Open Houses
Beverly Saturday Open Houses
Lynn Saturday Open Houses
Sunday
Marblehead Sunday Open Houses
Swampscott Sunday Open Houses
Salem Sunday Open Houses
Beverly Sunday Open Houses
Lynn Sunday Open Houses
New Listings week ending August 3
New listings for the week ending August 3:
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listingsLynn new listings
Mid-week new listings August 1
Here are the most recent new listings:
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
Open Houses Sunday July 29
Here are today’s Open Houses in Marblehead, Swampscott, Salem, Beverly and Lynn:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
Essex County H1 2018 Housing Market By The Numbers
(Click here to down load a copy of this report.)
The median price of Single Family Homes sold in the 34 cities and towns of Essex County in the first half of 2018 increased 5.8% from 2017, while sales were down slightly.
Condos
The median price of the condos sold in Essex County in the first half of 2018 increased 3.5% from a year ago, while sales were flat
*figures in bold represent record levels
Sagan Harborside Sotheby’s International Realty
www.SaganHarborside.com
Beverly Housing Market Mid-Year 2018 Review
Click here to download a PDF of this report.
The median price of the Single Family Homes(SFH) sold in Beverly in the first half of 2018 was slightly lower than in 2017, a year which saw a sharp increase.
Since breaking $400,000 in 2015, the median price has increased sharply, with the usual quarterly fluctuations.
SFH Sales
Sales were in line with recent years.
SFH Sales by price
The percentage of sales under $400,000 was 44% in 2016 and 25% in both 2017 and 2018.
SFH For Sale
The biggest drop in inventory is in the $600,000-$1 million range, where the number for sale has dropped from 21 in 2016 to just 7 in 2018.
Condos
The apparent roller-coaster in the median price is explained by the development at Elliot Landing. Between Q3 2016 and Q2 2017, some 50 condos sold at a median price in excess of $500,000. The end of such sales has returned the median price to under $300,000.
Condo Sales
Note that the number of sales over $500,000 dropped from 26 in 2017 to just 2 in 2018, reflecting the completion of sales at Elliott Landing
Condos for sale
There is a similar story with condos for sale, with the number over $500,000 dropping from 28 in 2016 to 6 in 2018.
Summary
The pattern of SFH sales was very similar in the first half of both 2017 and 2018, coming after the market has been strong in recent years, especially since breaking through the $400,000 barrier.
Significant new developments in Essex County are usually of condominiums and usually for higher-priced units than the existing stock, which is why the median price can be distorted during times of large numbers of new sales. We saw this in Beverly with Elliott Landing and the same phenomenon is occurring now in Swampscott with the sales of condos at The Avery.
Sagan Harborside Sotheby’s International Realty
www.SaganHarborside.com
Lynn H1 2018 Housing Market By The Numbers
(Click here to download a PDF of this report.)
The median price of the SFHs sold in Lynn in the first half of 2018 increased 5.1% from a year ago, while sales increased slightly.
Condos
The median price of the condos sold in Lynn in the first half of 2018 jumped 19.3%, although the gain would have been 13.8% without new construction.
Sagan Harborside Sothebys International Realty
www.SaganHarborside.com
Welcome to Old Town, Marblehead
Boston Broker Greg Kanarian of Blackacre Properties LLC came to Marblehead recently and wrote this report about 9 Merritt St ( which has an Open House Sunday, July 29 from 12:00-1:30.
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
www.TeamHarborside.com
[email protected]
New Listings week ending July 28
Here are the latest new listings:
Marblehead new listings
Swampscott new listing
Salem new listings
Beverly new listings
Lynn new listings
Open Houses weekend of July 28/29
Here are this weekend’s Open Houses in Marblehead, Swampscott, Salem, Beverly and Lynn:
Saturday
Marblehead Saturday Open Houses
Swampscott Saturday Open Houses
Salem Saturday Open Houses
Beverly Saturday Open Houses
Lynn Saturday Open Houses
Sunday
Marblehead Sunday Open Houses
Swampscott Sunday Open Houses
Salem Sunday Open Houses
Beverly Sunday Open Houses
Lynn Sunday Open Houses
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