Lynn 2016 Housing Market By The Numbers
The median price of a Single Famil Home (SFH) in Lynn in 2016 rose 10% to a new record, finally topping the prior 2005 peak. The median price of a condo rose 9%, but was still 2% below the 2006 peak. Sales of both SFHs and Condos increased strongly, but while SFH sales are close to their 2005 level condo sales are still only about half the 2005 peak. (more…)
Essex County 2016 Housing market By The Numbers
The median prices for both Single Family Homes (SFH) and Condos set new records in 2016, each rising 5%. SFH sales also set a new high, while condo sales remained well below the peak level of 2005: (more…)
Massachusetts 2016 housing market By The Numbers
The median price of a Single Family Home (SFH) in Massachusetts in 2016 rose 3% to a new high, finally passing the prior 2005 peak. The median price of a condo rose 3.5% to a new high. Sales of SFHS were a record while condo sales remain 13% below 2005 levels. The impact of Boston on MA condo prices is explored in How much does Boston impact Massachusetts condo prices?. (more…)
Two spectacular Marblehead Open Houses today
Two spectacular Oceanfront Open Houses today: (more…)
Open Houses Sunday January 22
The economy is showing good growth (read mortgage rates set to rise again ) the weather is mild and inventory is low, a recipe for rising home prices, so hurry to these Open Houses – from $170,000 to $3 million – which will leave you plenty of time to submit an offer and be in front of the TV at 6:40 pm. (more…)
Mortgage rates set to rise again
The Freddie Mac weekly 30 year Fixed Rate Mortgage (FRM) report showed a further drop to 4.09% this week, but this number does not reflect the increase in interest rates late in the week (the Freddie Mac survey is based on mortgage rates from Monday to Wednesday each week and is published on Thursdays).
How has the mortgage rate moved recently?
The FRM moves most closely with the yield on the 10 year Treasury note (10T). Over the last 4 years the average spread – the difference between the FRM rate and the 10T yield – has averaged around 1.7%. Let’s see how the two rates have moved since the Election: (more…)
Beverly 2016 Housing Market by the Numbers
The Beverly housing market sizzled in 2016. The median price of a Single Family Home (SFH) jumped 9% to a new record high on a 5% sales increase. While the median price of all condos sold soared 17%, the increase would have been a still strong 11% without the impact of 25 sales at the new Elliott Landing. (more…)
New Listings week of January 20
In other news…. here are the week’s new listings: (more…)
Where do Presidents live after they leave the White House?
President Obama is moving just two miles to this home in the Kalorama neighborhood of Washington:
A recent Homes for ex-Presidents article on realtor.com looks as the post-POTUS homes of several former presidents.
They all seem to do quite nicely. (more…)
Swampscott 2016 Housing Market by the Numbers
In 2016 the median price of a Single Family Home (SFH) in Swampscott rose 6% to $488,000, still well below the exceptional $517,300 of 2005. Sales dropped 14% as supply was sharply lower throughout the year.
The median price of a condo rose 4% to $255,000, 11% below the 2005 peak. Sales fell back from the levels of the prior two years. (more…)
Salem 2016 Housing Market by the Numbers
In 2016 the median price of a Single Family Home (SFH) rose 6% to a new record high on a 16% increase in sales, which were also a record. The median price of a condo rose 2% and is just 1% below the 2005 peak. Condo sales were also up 16% but are still below the levels of 2004/05.
Source: MLS, Oliver Reports
Are you thinking of selling your home? If so please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer.
Not sure which broker to use to sell your home? Read Which broker should I choose to sell my house?
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
Two Marblehead Oceanfront Open Houses today
Two spectacular house on one spectacular Sunday:
46 Gallison Avenue from 12:00 – 1:00.
11 Crown Way from 1:30 t0 2:30.
(more…)
Open Houses Sunday January 15
A fine and sunny day is promised for these Open Houses: (more…)
Marblehead 2016 Housing market By the Numbers.
The median price for both Single Family Homes (SFH) and condos reached new highs in 2016. The median price of a SFH increased 4% to $620,000 ( click here for a detailed report ) and the median price of a condo increased 15% to $370,000, fueled by a sharp jump in sales between $350,000 and $500,000.
Source: MLS, Oliver Reports
Are you thinking of selling your home? If so please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer.
Not sure which broker to use to sell your home? Read Which broker should I choose to sell my house?
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
Do you know what this means?
“The market potential for existing-home sales declined due to the rise in mortgage rates, offsetting increased demand generated by broader economic strength.”