Swampscott Q1 2021 Housing Market Review
1. The median price of the SFHs sold in Q1 2021 increased 5.6% to $599,000, but this compared with $630,000 for the whole of 2020.
2. Without sales at Fisherman’s Watch – which occurred in Q1 2020 at prices between $724,900 and $1.25 million -the median price of the Condos sold dropped back to $415,000, more in line with the figure from Q2 to Q4 in 2020.
3. SFH sales have been volatile in the last 3 years: 14 in Q1 2019, 30 in 2020 and back to 15 in Q1 2021. Condo sales ticked up from 16 to 17, but with a very different mix.
For a more detailed report on the market in Q1 go to Team Harborside’s website and read: Swampscott Q1 Market Review (more…)
Salem Q1 2021 Housing Market Review
1. The median price of Single Family Homes (SFH) sold in Q1 2021 increased 14.4% to $527,410, only the second time a Quarterly price has exceeded $500,000.
2. The median price of the Condos sold increased 11.7% to $405,000, breaking $400,000 for the first time, although the median price in the second half of 2020 was close – $395,000.
3. Sales of SFH were sharply lower at 30 vs 42 and compared with a 5-year average of 37. Condo sales increased to 74 from 68, slightly above the 5-year average of 70.
4. 70% of both SFHs and Condos sold in Q1 2021 received an accepted offer in 15 days or less.
For a more detailed report on the market in Q1 go to Team Harborside’s website and read: Salem Q1 Market Review (more…)
Beverly Q1 2021 Housing Market Review
1. The median price of the Single Family Homes (SFH) sold in Q1 2021 increased 14.9% to $575,500 from the Q1 2020 figure of $501,000, which was by far the lowest number in 2020.
2. With no new major developments, the median Condo price dropped 5.3%% from $375,000 to $355,000, which was in line with the median price for the whole of 2020.
3. SFH sales increased from 41 to 44, in line with the 5-year average, while Condo sales jumped from 23 to 35.
4. 77% of SFHs and 69% of Condos sold received accepted offers in 15 days or less
For a more detailed report on the market in Q1 go to Team Harborside’s website and read: Beverly Q1 Market Review (more…)
Open Houses Sunday April 18
More Open Houses are scheduled for today than were in yesterday’s list:
Click on these links for details: (more…)
Marblehead Housing Market Q1 2021 Review
The median price of Single Family Homes (SFH) sold in Q1 2021 increased 10.5% to $765,000, well below the $839,900 in the second half of 2020. But Q1 can often be an anomaly because of the small number of sales.
SFH sales were 32 compared with 31 in 2020.
There were just 10 Condo sales in Q1 2021, compared with 9 in Q1 2020. Condo sales occurred between $260,000 and $599,000. 6 of the 2021 sales occurred below list price, 2 at list and 2 above list price.
For a more detailed report on the market in Q1 go to Team Harborside’s website and read: Marblehead Q1 Market Review (more…)
Essex County Housing Market Q1 2021 Review
- The median price of Single-Family Homes (SFH) sold in Q1 2021increased 11% to $550,000 from Q1 2020, but was in line with the $555,000 in the second half of the year 2020.
- Every one of the 34 cities and towns in Essex County saw Year-on-Year (YOY) increases in the median selling price; only 6 of the 34 cities and towns recorded a median SFH price under $500,000, while 3 saw that figure exceed $1 million.
- Numbers in any Q, especially Q1, need to be treated with caution: some of the largest apparent increases in median prices occurred on a small number of sales.
- The Condo median sales price increased 9.9% to $365,000. In Boston, the median price was very similar to the levels of the last 3 years, during which time the Essex County Condo median price has increased some 20%.
For a more detailed report on the market in Q1 go to Team Harborside’s website and read: Essex County Q1 Market Review (more…)
New Listings week ending April 16
Still a small number of New Listings:
Click on these links for details: (more…)
Open Houses weekend April 17/18
Here are the weekend’s Open Houses. Be aware that with such low inventory, many new listings receive offers before the weekend Open Houses.
This list will be updated on Sunday morning (because of the quirks of MLS many of the Sunday Open Houses don’t show up on Saturday.)
Click on these links for details: (more…)
New Listings mid-week April 14
A modest number of New Listings this week:
>
Click on these links for details: (more…)
‘When is the housing market going to crash?’
The housing market has been white hot for the past year, thanks to the stay at home and work from anywhere culture of the coronavirus pandemic.
But there is increasing concern among consumers that housing is experiencing a price bubble – and that the bubble may be ready to burst.
Google reported last week that the search question “When is the housing market going to crash?” had spiked 2,450% in the past month. “Why is the market so hot?” searches had doubled in just a week. (more…)
Why Is The Liquor Store Called The Packie?
In North Carolina they call it the ABC store, and in Pennsylvania, it’s the “state store.” Michigan residents make runs to the “party store.” And in Massachusetts, the liquor store is known as the “packie,” short for “package store.”
If you ever asked where our slang term came from, you were probably told it’s because the Boston Brahmins wanted drinking to be discreet. So, the story goes, they used their clout to get laws passed requiring liquor to be packaged discreetly in nondescript, brown paper after it was sold.
Hence, the package store.
But food historian Robert F. Moss says that origin story came from the historical research method he calls “just making stuff up.” That story, after all, doesn’t explain why the term is also used in South Carolina, where the Brahmins had no influence over lawmakers. (more…)
Open Houses Sunday April 11
A lot more Open Houses are scheduled for today than were in yesterday’s list:
Click on these links for details: (more…)
Open Houses weekend April 10/11
Here are the weekend’s Open Houses. Be aware that with such low inventory, many new listings receive offers before the weekend Open Houses.
This list will be updated on Sunday morning (because of the quirks of MLS many of the Sunday Open Houses don’t show up on Saturday.)
Click on these links for details: (more…)
New Listings after Easter
A modest increase in New Listings this week:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
These tables show that inventory is greatly reduced from a year ago, when levels were already low: (more…)
Recent Comments