Open Houses Sunday January 23
Here are today’s Open Houses:
Click on these links for details: (more…)
New Listings and Inventory Update
Still only a handful of New Listings (the state of inventory is shown later in this article, as is a link to my annual guide to property tax rates).
Click these links for details: (more…)
Open Houses weekend January 22/23
Freezing temperatures, Omicron (now waning, fortunately) and tiny inventory are the backdrop to this weekend’s Open Houses.
Click on these links for details: (more…)
New Listings and Inventory Update
Still only a handful of New Listings (the state of inventory is shown later in this article, as is a link to my annual guide to property tax rates).
Click these links for details: (more…)
Lynn’s Housing Production Plan approved by State
The city’s new housing-production plan, Housing Lynn: A Plan for Inclusive Growth, has been approved by the Massachusetts Department of Community Development (DHCD).
The five-year plan was submitted to DHCD after it was approved by the City Council on Sept. 7 and the Planning Board on Oct. 12, after months of work and input with community members.
The approval allows the city to meet its affordable-housing needs, while also allowing for preferences in many state-housing grants and infrastructure programs.
The city has never had a comprehensive housing plan and now joins 168 other Massachusetts communities with approved housing-production plans that are making an effort to solve the state’s affordable-housing crisis.
Mayor Jared Nicholson said this approval by DHCD is another step in the right direction: “It continues the momentum that we have witnessed over the past few years during the development of the plan to address one of the top issues our residents face,” said Nicholson. “The preparation of the Housing Lynn plan relied heavily on feedback from Lynn residents and a detailed review of market conditions, and as we look towards the implementation of the recommendations, we expect that to continue. We know how important these recommended actions will be to supporting growth that benefits the whole city and the impact they can have for cost-burdened residents.” (more…)
Open Houses Sunday January 16
The temperature may “sky-rocket” from this morning’s 5 degrees but the number of Open Houses will remain low:
Click on these links for details: (more…)
How Marblehead’s 2022 Property Tax Rate is calculated
The formula for calculating the property tax is actually very simple: take the $ amount of the previous year’s Tax Levy, add 2.5% for Proposition 2 1/2, and also add any New Growth (such as new construction or a condo conversion). This figure is the new tax levy. To this figure is added debt service – the Principal and Interest payable on the town’s debt. – to produce the total Tax Levy.
Here are the numbers for Fiscal Years 2021 and 2022, remembering that FY 2022 runs from July 2021 to June 2022. (more…)
Open Houses weekend January 15/16
Freezing temperatures, Omicron and tiny inventory are the backdrop to this weekend’s Open Houses.
Click on these links for details: (more…)
January Inventory – how low can you go?
After increasing somewhat – albeit from a very low base – in the first several months of 2021, the seasonal drop-off after October after was just as sharp as in prior years – and again this is a reduction from a low level. 2022 is starting off at a seemingly impossible even lower level.
Single Family Homes
The % decline is almost irrelevant. More relevant is the months of supply shown.
Inventory now has less than 1 months’ supply overall and is only over 1 month – but still far below the 6 months deemed to reflect a market in equilibrium – at prices over $1.5 million.
Condos (more…)
New Listings and Latest Inventory Update
Still only a handful of New Listings (the state of inventory is shown later in this article, as is a link to my annual guide to property tax rates).
Click these links for details: (more…)
New Listings and Inventory Update
Still very few New Listings (the state of inventory is shown later in this article, as is a link to my annual guide to property tax rates).
Click these links for details: (more…)
Open Houses Sunday January 9
Low inventory = small number of Open Houses:
Click on these links for details: (more…)
The Three Stages of Snow Removal
Friday’s storm reminded me of a story told to me some years ago by an older neighbour, who said that the typical male went through three stages in life:
1. When he got together with other males of the species they talked about women and sport
2. When they got together they discussed their ailments
3. When they got together they discussed estate planning
In somewhat similar vein I offer the three stages of snow removal:
1. Dressed in full winter gear, snow shovel in hand, out he goes to tackle the snow – feeling great about doing something so healthy and invigorating
2. He buys a snow blower – same feeling, less chance of a heart attack
3. He hires somebody to clear the snow while staying warm indoors.
Which stage have you reached? (more…)
Essex County 2022 Property Tax Rates: Town by Town guide
Property tax rates for FY 2022 for all 34 cities and towns in Essex County have been certified. Below is a map, so that you can compare tax rates in neighboring towns, followed by the tax rates for each town the last 5 years. The first table shows the tax rates in alphabetical order, while the second lists them from low to high.
Tax rates for each town
Alphabetically (download a copy of this table by clicking here. (more…)
Latest New Listings and Inventory update
Salem, at least, has a reasonable number of New Listings (the state of inventory is shown later in this article, as is my annual guide to property tax rates).
Click these links for details: (more…)
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