Open Houses Super Bowl weekend

Here are this weekend’s Open Houses (an updated list for Sunday will be posted tomorrow at 8 a.m.*):

Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House

*becuase of the timing of the MLS feed, many of Sunday’s OHs do not show up in today’s links until later today and will be in tomorrow’s post

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

New Listings and Inventory mid-week February 7

Just a few new listings this week – again:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

While latest inventory numbers generally in Essex County are similar to last year’s levels, some of the individual town declines are dramatic:

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

Open Houses Sunday February 4

Here are todays Open Houses:

Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

Open Houses weekend February 3/4

Here are this weekend’s Open Houses (an updated list for Sunday will be posted tomorrow at 8 a.m.*):

Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House

*becuase of the timing of the MLS feed, many of Sunday’s OHs do not show up in today’s links until later today and will be in tomorrow’s post

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

New Listings and Inventory week ending February 2

Just a few new listings this week:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

While latest inventory numbers generally in Essex County are similar to last year’s levels, the declines in 4 towns on the North Shore are dramatic:

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained


Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

New Listings. Inventory mid-week January 31

The slow start to 2024 continues:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

While latest inventory numbers generally in Essex County are 8% below last year’s levels, the declines on the North Shore are dramatic – the 4 towns below have a total of just 28 SFHs and 18 Condos for sale:

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE

(more…)

My Marblehead Current article on Property Taxes

Here are links to the two parts of my recent article explaining how property taxes are calcuated:

Part I of article

Part II of article

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or ajoliver47@gmail.com.

Andrew Oliver, M.B.E.,M.B.A.
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

m 617.834.8205

www.OliverReportsMA.com

“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”
__________________

Andrew Oliver, M.B.E., M.B.A.
Real Estate Advisor
Andrew.Oliver@Compass.com
www.AndrewOliverRealtor.com
www.OliverReportsFL.com

————
Compass
800 Laurel Oak Drive, Suite 400, Naples, FL 34108
m: 617.834.8205

 

Open Houses Sunday January 28

Here are today’s Open Houses :

Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House

*due to the timing of the MLS feed many of Sunday’s OHs do not show up in today’s links until later today and will be in tomorrow’s post

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW

Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
Core Inflation Prices Barely Budged in August
MARBLEHEAD Q3 MARKET REPORT 2019-2023
SWAMPSCOTT Q3 MARKET REPORT 2019-2023 SALEM Q3 MARKET REPORT 2019-2023
ESSEX COUNTY Q3 2023 MARKET REPORT
(more…)

SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW

Swampscott’s focus on controlling its expenditures and hence the property tax rate has brought increased buyer interest in recent years, with two-thirds of all sales in 2023 being at or above list price.
As elsewhere, the shortage of inventory was a major factor in both price increases and the speed of sales in 2023, despite the more than doubling of mortgage rates.

Fluctuations in median prices can and do occur from quarter to quarter, based upon those properties which actually sell, which is why the trend is more important than the exact numbers. Go HERE to download a copy of this report.
If you are thinking of selling, please contact me for a current market analysis for your property.

This report analyses the Median Price and Sales per quarter since 2019, along with the Sales by Price point, Price per Sq.Ft., and the Days properties were on the market before receiving an offer (DTO). (Median numbers are used in all calculations.)

Median Price and Sales
The median price of the Single Family homes sold in Swampscott increased 45% from $590,000 in 2019 to $855,000 in 2023. Sales were steady from 2019 to 2021, but dropped in 2022, and again, sharply, in 2023.

The median price of the Condos sold increased by 28% from $345,000 in 2019 to $440,000 in 2023, with sales following a similar pattern to that for SFHs.
(more…)

Open Houses weekend January 27/28

Here are this weekend’s Open Houses (an updated list for Sunday will be posted tomorrow at 8 a.m.*):

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Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House

*due to the timing of the MLS feed many of Sunday’s OHs do not show up in today’s links until later today and will be in tomorrow’s post

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW

Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
Core Inflation Prices Barely Budged in August
MARBLEHEAD Q3 MARKET REPORT 2019-2023
SWAMPSCOTT Q3 MARKET REPORT 2019-2023 SALEM Q3 MARKET REPORT 2019-2023
ESSEX COUNTY Q3 2023 MARKET REPORT
(more…)

New Listings week ending January 26

The slow start to 2024 continues:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

While latest inventory numbers generally in Essex County are 13% below last year’s levels, the declines on the North Shore are dramatic – the 4 towns below have a total of just 29 SFHs and 21 Condos for sale :

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
Core Inflation Prices Barely Budged in August
(more…)

New Listings and Inventory mid-week January 24

The slow start to 2024 continues:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

While latest inventory numbers generally in Essex County are 13% below last year’s levels, the declines on the North Shore are dramatic – the 4 towns below have a total of just 29 SFHs and 21 Condos for sale :

 

And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
Core Inflation Prices Barely Budged in August
(more…)