Oceanfront homes package in Marblehead and Cayman Islands

If you need to be based in New England but want to be able to escape the worst of the winters, this package of an oceanfront house (plus carriage house, ideal for guests or as a weekend retreat) in Marblehead and a beachfront, ground floor condo (including turnkey, professionally managed rental program) at Rum Point in Grand Cayman, could be just the thing for you.

Click Marblehead Estate for details of the Marblehead property and Paradise on the Beach for the Cayman condo.

For information about buying both properties contact Andrew Oliver, 617.834.8205 or [email protected]

Retreat_beach (more…)

Marblehead housing inventory suggests prices will continue to rise

Sales of Single Family Homes (SFHs) for the first four months of the year were 49 compared with 54 a year ago, while condo sales were 11 against last year’s low figure of 6.

Both the sales breakdown and inventory suggest that the market will continue to strengthen in Marblehead this year. (more…)

Spring housing inventory points to strong market

With increasing signs that the brutal winter weather disguised the fact that the economy is actually strengthening quite strongly, buyers hoping that the spring selling season would see an increase in inventory are, so far, being disappointed.

Yes, there are more properties coming onto the market each week, but the inventory, at under 4 months’ supply in Essex County for both Single Family Homes(SFHs) and condos, reflects a sellers’ market as 6 months of supply is generally regarded as representing a market in equilibrium.

The following tables show the months of supply for each town, Essex County and Massachusetts, for both SFHs and condos; and the inventory by price in Essex County. (more…)

Is this the best app for finding real estate for sale?

I may, of course, be a little biased but I recommend the Sotheby’s International Realty app.
Text HARBORSIDE to 877-78 and download the app.
Type in a zip code and all properties for sale will pop up.
At the top right is a MAP – tap that and you get a map showing what is available and details of those properties.
Pretty cool. (more…)

Boston Strong: Happy Easter and Chag Sameach!

Boston Strong T-shirt

 

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or [email protected].

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty in Marblehead

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty
Affiliates LLC. Each Office Is Independently Owned and Operated.

Nahant: the highest median home price in Massachusetts?

Here’s one for the “Lies, Damned Lies and Statistics” category.

The median SFH price in Nahant in the first quarter of 2014 was….. $2,620,000. Wow!

No I didn’t write this on April Fool’s Day, because it is actually true. But…..there were just 2 sales in Nahant in the quarter (note to my about to graduate daughter: don’t plan a career selling real estate just in Nahant). One was for $340,000 and the other was $4,900,000 (note to daughter: unless you think you can get the $4.9 million sales).

This is an extreme example, of course, but it illustrates why I am very careful about the statistics I publish and try to explain whether or not they are significant. As a general rule, the larger the sample the more reliable the statistic. And if I quote a statistic it is because I believe it to be meaningful.

If you  – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 781.631.1223 or [email protected].

Andrew Oliver is a Realtor with Harborside Realty in Marblehead