Jimmy Garoppolo 3 Open House 1
Last Sunday saw the Patriots’ home opener and the question on the minds of real estate agents was what impact the 1 pm kick off game would have on attendance at Open Houses. My experience was that I saw all three of Garoppolo’s TDs and had one group come to see the house. Another agent reported zero attendance for the first time in her career.
Open Houses Sunday September 18
Here are today’s Open Houses: (more…)
Household wealth in US up $22 trillion since 2007
The extent of the recovery from the Great Recession can be seen in this week’s figures from the Federal Reserve on household net worth. The total wealth grew 1.2% in Q2 from Q1. While net worth did not recover to the 2007 pre-Recession level until 2012, the rapid growth since then means that household net worth has grown by one-third, from $66.5 trillion to $89.1 trillion, since 2007. (more…)
Price reduction on Marblehead Beachfront Home
The price has just been reduced on 46 Gallison Avenue which sits directly on Goldthwait Beach in Marblehead, and there is an Open House this Sunday 12:00-1:30. You can also see a guided tour of the property on the Oliver Reports page on Facebook.
This 3/4 bedroom, 3 bathroom recently updated house with jaw-dropping views, can be used in a variety of ways from year round family living to a weekend or summer beach house. Can you see yourself living here?
New Listings week ending September 17
After last week’s post Labor Day flurry, new listings dropped back to a modest level this week: (more…)
Marblehead Oceanfront on Facebook Live Thursday at 10:00
Enjoying the view? See more in Harborside SIR’s next Facebook Live broadcast, Thursday, September 15th at 10am. We’ll be walking you through another one of our serene waterfront properties located on Boston’s North Shore. You’ll have the opportunity to ask our agents questions in real time, allowing for a customized viewing experience. Enjoy this exclusive showing and join us again next week for another First Look.
If you are considering selling your home please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer.
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
9/11 – We Will Remember Them
They shall not grow old, as we that are left behind grow old
Age shall not weary, nor the years condemn
At the going down of the sun, and in the morning,
We will remember them.
Open Houses Sunday September 11
Nearly half the SFHs and Condos on the market in these towns are holding Open Houses today: (more…)
London House with horror room – or Horror House?
There is time a for a buyer to get settled in and enjoy this London home with Horror Room at Halloween.
In this Daily Mail article, which has many more photos, the horror room is described as a torture room.
As you look through the photos of the house you may agree with me that the adjective horror could be applied to more than one room. And the house is for sale for $1.6 million. Now that is torture. (more…)
New listings week ending September 10
As expected there was a pick-up in new listings after Labor Day: (more…)
HSIR launches Facebook Live series today at 10 a.m.
This morning at 10 a.m. Harborside Sotheby’s will launch a new series of Facebook Live coverage of HSIR listings. To participate just go to the Harborside Sotheby’s Facebook page at 10 a.m.(you can also view the broadcast on Facebook later – what NBC would call “tape delay”). Here’s the first property:
Sit back and relax — house hunting just got easier with Harborside SIR. Join us for our first Facebook Live broadcast, Thursday, September 8th at 10am as we provide a unique look into one of our tranquil waterfront properties located on Boston’s North Shore. You’ll have the opportunity to ask our agents questions in real time, allowing for a customized viewing experience. Enjoy this exclusive showing and join us again next week for another First Look.
HSIR Facebook Live
If you are considering selling your home please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer.
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 Houses on the Atlantic
Last year in an article Marblehead sale over $4 million – guess where? I wrote this:
“There are a lot of small streets that lead to the water and have 1 or 2 or maybe 3 or 4 houses sitting directly on the ocean at the end. And for the most part these houses sit on the rocky Atlantic coast and are high enough that flooding is not a concern, while many of them face South, have great views of Ram Island and down the coastline, and are well protected from the nor’easters that can impact more exposed areas.”
Today there is an Open House from 12:00 – 1:30 at 46 Gallison Avenue.
This house works perfectly as a summer/weekend “beach house”, but don’t be mislead by the term “beach house” – it is a fully insulated, year round house.
The house sits on a lot of almost 14,000 sf, and there is room to expand the house upwards and outwards.
A little further down the coast, in the Clifton Heights neighborhood, is 11 Crown Way, a restored 1850 house with carriage house and pool. This house is also available to rent.
If you are considering selling your home please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer.
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
Open Houses Sunday September 4
70 degrees and sunny and, according to Weather Underground, zero chance of snow – all in all a perfect day for visiting these Open Houses:
andrewJoliver.com
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
If you are considering selling your home please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer.
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
Marblehead: the cutest town in Massachusetts
PureWow.com has published The cutest towns in America and this is what it says about the pick of Massachusetts:
“Sailboats floating on the harbor, narrow streets lined with cobblestone sidewalks, B&B cottages and mom-and-pop shops….swoon. Historical Marblehead, which played a big role in the Revolutionary War, dates back to 1629, when settlers from the Mayflower first established it as a fishing village.”
As a buyer said to me this summer at the closing of a house he had just bought: “other people come here on vacation, but we get to live here.” Yep. All the above, plus great schools, a wonderful sense of community and a well-run town with the third lowest tax rate in Essex County.
If you are considering selling your home please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer.
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
Housing Inventory and Supply: a town by town guide
This report has two parts. In the first I show the inventory of Single Family Homes SFH) for sale compared with this time for the last two years; and in the second I show how many months supply those numbers represent.
Overall in Essex County the inventory of Single Family Homes (SFH) for sale as we head into Labor Day weekend is down 21% from a year ago and down 28% from this time in 2014. The numbers for Massachusetts overall are very similar: down 21% from last year and down 26% from 2014.
The supply, based upon sales for the last 12 months (L12M), in Essex County, has dropped from 4.2 months in 2014 to 3.6 months in 2015 and to just 2.6 months currently. Massachusetts overall has seen a similar drop from 5.1 months to 4.5 and now just 3.2 months. Bear in mind that a housing market is generally deemed to be in balance between buyers and sellers when supply is at 6 months. When the inventory is less than 6 months, as now, it is called a sellers’ market.Like now.
Inventory
Just 4 towns – Beverly, Essex, Lynnfield and Topsfield – show an increase in supply, mostly insignificant, compared with a year ago, and only 3 – Andover, Middleton and Newburyport – an increase from 2014.
Supply
I have shown two numbers for each town for each year: supply based upon the last 3 months (L3M) sales and on the L12M. The market in Massachusetts is seasonal: June-August typically sees the highest number of sales in any 3 month period, so using that number alone would give the impression of tighter supply than using the L12M. Nevertheless, L3M does give a very current picture of supply.
Comment
There is a saying that all real estate is local. While I agree with that when it comes to buying a particular house, it is also valuable to know and understand what is happening in the broader market. If, for example, you are looking to buy in a town with seemingly adequate supply, it is important to know that throughout Essex County and Massachusetts supply is very tight, and therefore ask questions about the market in the town with higher supply. Thee may well be a reason, and knowing the broader trend will alert you to ask questions.
Overall, as I have been saying for some time now, the economy is doing ok, mortgage rates are close to record lows, inventory is low – all the ingredients for a continuing steadily improving housing market. It will be interesting to see if the forthcoming elections cause some slow down in the next couple of months.
Here is a spreadsheet Essex_For Sale_Supply_Sep_2_2014_2015_2016_towns which combines both the inventory and supply numbers for each town. I can provide a more detailed analysis of any town on request.
If you are considering selling your home please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer.
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
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