With a major nor’easter forecast for Tuesday don’t miss the opportunity to visit these Open Houses today: (more…)
Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.*
Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.
Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.
Demand for housing has remained strong as mortgage rates have remained near historic lows. (more…)
On January 1 there were 51 Single Family Homes (SFH) for sale in Marblehead. Year to date there have been 35 new listings, so how many homes are for sale today? The answer is 46. Which means that 40 homes (51+35-46) this year have been sold, or are pending or have been withdrawn. Now is a great time to be a seller. (more…)
I am trying to come up with new phrases for “new listings remain light”. Meanwhile, new listings remain light: (more…)
One of the cures for the low level of housing inventory throughout the country is a boost to new home construction. According to a recent survey conducted by the National Association of Home Builders (NAHB) and Wells Fargo, housing market confidence amongst builders reached an 11-year high last month.
Read Builder Confidence hits 11 year high for more details.
Are you thinking about selling? Read Which broker should I choose to sell my house? (more…)
This morning’s weather is what my father used to call bracing…. but by Open House time it will be approaching 30F and sunny. Houses are selling quickly at the moment so plan to visit some of these today:
(more…)
According to MLS, an offer has been accepted on 204 Ocean Avenue, which is listed for sale at $6.5 million.
We will not know the sale price until closing but the highest public (MLS) sale recorded in Marblehead is $5.6 million, so there is a good chance that this sale will set a new MLS record. Note, however, that there was a private sale at $6.7 million in 2008.
High End Sales
Here is a year by year list of sales since 2004. Sales in the $2 – 3 million range hit a new high of 9 in 2016, while sales above $3 million have been 3 or 4 in each of the last 5 years. Maybe 2017 will see a break out in sales over $3 million:
Source: MLS, Oliver Reports
Overall inventory in Essex County is down around 15% from a year ago. Here is a town by town guide to inventory:
Single Family Homes (SFH) (more…)
Open House today 12:00-1:30 at 46 Gallison Avenue
Are you thinking about selling? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
This report breaks down inventory by price for 5 North Shore towns, plus Essex County and Massachusetts. Overall, inventory is down 15-20% from last year’s low numbers and there is a pattern that is repeated pretty well everywhere: a decline, in many cases a sharp one, of inventory at lower prices.
Marblehead and Swampscott
Total inventory is unchanged, but note the drop under $500,000 and the increase in the $500,000 – $1 million range:
Salem, Beverly and Lynn
Salem has experienced an extraordinary drop in inventory of both SFHs and Condos. The biggest changes in Beverly and Lynn are, as elsewhere, at the lower end.
Essex County and Massachusetts
And so in both Essex County and Massachusetts: a big drop in inventory a the lower end
Source: MLS, Oliver Reports
Are you thinking about selling? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
I have been publishing current inventory on Sunday mornings with the list of Open Houses that day, but I now going to include inventory with the week’s new listings. For detailed breakdown of current inventory read Housing inventory by price. There is still very little coming on to the market:
Source: MLS, Oliver Reports
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings (more…)
All that Marblehead oceanfront living offers can be seen today.
First Open House 11:30 -1:00 at 46 Gallison Avenue
Second up, from 1:30-2:30 is 11 Crown Way. Note that the carriage house and main house may be available separately.
Are you looking to buy? With so little inventory you need an agent working on your behalf. Contact me for details of my buyer agent program.
Are you thinking about selling? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer
It may not be quite as spring-like today but it will still be sunny and in the 40s, fine weather to find your dream home:
Source: andrewJoliver.com
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Are you looking to buy? With so little inventory you need an agent working on your behalf. Contact me for details of my buyer agent program.
Are you thinking about selling? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Where have all the sellers gone
Long time no see
Where have all the sellers gone
Gone gone away
Are you waiting for spring to come
I have to tell you it is here
Now is the time to sell
Now is the time to sell
Not sure which broker to use to sell your home? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
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