Marblehead First Quarter Housing Market Report
In a very tight housing market, there were 35 Single Family Home (SFH) sales in Q1 2017, very consistent with the last two years. Because Q1 is the smallest quarter for sales numbers for the median price can – and do – fluctuate widely from year to year. (more…)
Open Houses April 9
Spring is here – perfect weather for visiting these Open Houses:
andrewJoliver.com, MLS
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
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
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
@OliverReports
New Listings week of April 7
Another quiet week for new listings:
andrewJoliver.com, MLS
Marblehead new listings
Swampscott new listing
Salem new listings
Beverly new listings
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
Why Millennials Buy Homes
“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
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
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
@OliverReports
Swampscott Condo Owners: Now is the Time to Sell
In the last 3 years 198 condos sold in Swampscott, or 66 each year on average. So far in 2017, 14 have sold and 16 more are pending – i.e. offers have been accepted but the sale has not closed yet.
And how many are available for sale today? Just 2. Yep. 2. This week alone 5 have gone under agreement. And those 2? One is priced at $1.7 million and one under $300,000. And nothing in any of the developments around Vinnin Square.
If you have been thinking of selling, this is a wonderful time to do so.
Please read Which broker should I choose to sell my house? and then 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
New Listings in Marblehead, Swampscott, Salem and Beverly
Here are this week’s new listings. The market is red hot, with inventory generally the lowest it has been all year.
andrewJoliver.com, MLS
Marblehead newlistings
Swampscott new listings
Salem new listings
Beverly new listings (more…)
Marblehead Oceanfront Open Houses
All that Marblehead oceanfront living offers can be seen today.
First Open House 11:30 -1:00 at 46 Gallison Avenue
Second up, from 1:30-3:00 is 11 Crown Way.
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. (more…)
Today’s Open Houses in Marblehead, Swampscott, Salem and Beverly
The last storm (we hope) of the winter has gone; a mild and sunny day invites you to visit these Open Houses:
andrewJoliver.com, MLS
One missing from the list below is 11 Crown Way which is Open from 1:30 to 3:00.
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses (more…)
Now is The Time to buy a Luxury Home
The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer, or can be found at a discount.
With homes at lower price levels selling like hotcakes, this could be a great time to trade up and Buy a Luxury Home, as argued in Looking to move up to a Luxury Home.
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
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
Housing inventory: a town by town guide
The number of SFHs for sale in Essex County is down 16% from a year ago, while there are 28% fewer Condos for sale. In Massachusetts overall those numbers are declines of 24% and 19% respectively.
Here is a breakdown for each city and town in Essex County;
Single Family Homes (SFH)
Oliver Reports, MLS
Condos
AndrewJOliver.com, MLS
Comment
The law of supply and demand is quite straight forward: if demand exceeds supply prices rise. With mortgage rates also expected to rise this year, buyers are demonstrating urgency. With so little supply, sellers are also able to ask higher prices.
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
Housing Inventory plummets – no April Fool
Inventory is sharply down compared with a year ago. In Essex County the number of Single Family Homes (SFH) for sale has dropped by 25%, while the number of condos available is down 28%. In Massachusetts as a whole the declines are 24% for SFHs and 19% for condos.
As to be expected, the biggest declines are at the lower ends but we are seeing shrinking inventory in most price brackets.
This report breaks down inventory by price for 5 North Shore towns, plus Essex County and Massachusetts.
Marblehead and Swampscott
The cheapest SFH for sale in Marblehead is $534,900 and in Swampscott $474,900. There are just 15 SFHs for sale in Marblehead under $750,000 and 10 in Swampscott. Thee are just 5 Condos for sale under $500,000 in Marblehead and 6 in Swampscott.
Oliver Reports, MLS
Salem, Beverly and Lynn
There is a pretty consistent drop in inventory. The increase in Beverly SFHs in the $750,000 – $1 million range reflects new construction. There has also been a pick up in Salem condos in the $350-500,000 range.
Oliver Reports, MLS
Essex County and Massachusetts
And so also in both Essex County and Massachusetts: the decline in inventory has now reached up to higher price points.
Oliver Reports, MLS
Comment
As I keep saying: low inventory + strong demand + an improving economy is a recipe for higher prices. Now is a great time to sell and also to buy – if you can find a house that meets your needs.
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.
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
@OliverReports
New listings week of March 31
As the pace of new listings starts to pick up I am publishing new listings twice a week – on Wednesdays (most new listings come on the market on Tuesdays) and Saturdays at 8 a.m. Note that in this market, with multiple buyers of houses, buyers are advised to try to see houses during the week rather than wait for the weekend’s Open Houses as offers are often being received before the weekend.
Source: andrewJoliver.com, MLS
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
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.
Are you planning to sell? 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
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Is this the time to buy that Marblehead beach house?
Watch the sunrise; walk Marblehead’s longest beach; watch the ocean from the second floor office; watch the ocean, watch the ocean, watch the ocean….
Price reduction today and Open House Sunday 11:30 -1:00 at 46 Gallison Avenue.
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
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
11 New Listings in Marblehead
The market is heating up and new listings that come on early in the week may be under agreement before the weekend’s Open Houses.
I am going to start posting new listings on Wednesdays so that you can see what is new to the market. Be prepared to act!
andrewJoliver.com
Marblehead new listings
Swampscott new listings
Salem new lisitngs
Beverly new listings
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.
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
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Ritz Carlton or student dorm? Can you tell the difference?
Not so long ago I read an article How did colleges become country clubs? commenting on the way that colleges have been developing luxury facilities to attract students. As this is a real estate blog, I will not comment about any possible link between luxury new facilities and soaring student debt, but I can say that I was stunned by these photos.
Of the photos below, two are from College Campuses and one from a Ritz Carlton. You can enter your guess as to which is the Ritz Carlton in the comment section below the post.
A
B
C
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
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