Marblehead leads the way in Million Dollar sales in Essex County
I have reported in recent weeks that Million Dollar plus sales, including pending sales, will set a record in Marblehead this year, while in Swampscott such sales are lagging. This week I have looked at the whole of Essex County. (more…)
Sales and Median Prices YTD by Town on the North Shore
As we are in the summer slowdown I thought I’d look at sales activity and median prices by town for the year to date.
First Single Family Homes (SFHs). While sales are generally down 4-7% year on year, median prices are up 3-6%. (more…)
Still Time to Move to this Marblehead House before Labor Day
It’s not too late to buy this house and be in your new home before Labor Day! Sellers can close as soon as you are ready! And the house is immaculate – all you have to do is move in. (more…)
Open House: Immaculate, Air-Conditioned, 4/5 Bedroom house, Steps to Beach
Nothing to do but move in!
Enjoy sophisticated living in this wonderful family neighborhood, just steps to private beaches and the Goldthwait Reservation. Sit on the mahogany front porch and observe, or retire to the sheltered private oasis back yard and feast on your own blueberries. (more…)
Marblehead 38 Swampscott 4
After my posts Marblehead Million Dollar Homes – Record Sales and Record Inventory and Marblehead’s Upper End – was 2013 the bottom? , I was asked to look at Swampscott. Here is my analysis. I have compared numbers with Marblehead.
And no, Swampscott did not record 2 safeties in the Thanksgiving football game. The headline refers to the numbers of sales and pending sales so far in 2014 of houses priced at $1 million and above. Here are the details, with numbers also for the full year in 2013: (more…)
Summertime and the Selling is Slowing
Conventional wisdom – which, like the weather forecast, is right occasionally – says that the pace of home sales slows after July 4. The logic of this is that, with the purchase process taking typically 6-8 weeks, July 4 or thereabouts is a good target date for those who want to be in their new homes in time for the start of the school year. (more…)
Come to this Marblehead Open House and experience Sophisticated Coastal Living
It will be a beautiful day today in beautiful Marblehead! Plan to visit this Open House from 12-2.
www.15Vassar.com (more…)
Marblehead’s Upper End – was 2013 the bottom?
Because of both the small number of sales and the fact that each house can be very different – ranging from tear down to immaculately restored – it is hard to produce reliable data on the top end – which I define for this article as $2 million plus.
But I can try.
I have looked at sales (including for 2014 pending sales) and compared them with the number of houses available for sale on July 18 each year:
(more…)
Marblehead Million Dollar Homes – Record Sales and Record Inventory
Sales of properties between $1 million and $2 million in Marblehead in 2014 have already reached 17 with 11 more pending. Assuming all the pending sales close, the year’s total would be 28, matching the previous peak set in 2005.
In all likelihood, therefore, 2014 will see a new record. Along with increased sales we are also seeing more properties for sale, as the following table shows: (more…)
Closing in on peak prices
The overall housing market is very close to peak levels, which generally occurred in 2005. For both Essex County and Massachusetts as a whole the median price in the first half of 2014 was just 3% below the 2005 peak. (more…)
Plan to visit this spectacular Open House in Marblehead on Sunday
Sunday will be a beautiful day in beautiful Marblehead! (more…)
FOURTH OF JULY SPECIAL OFFER
We are promised a return of the sun this morning. Meanwhile here is a special offer for a dreary morning: to receive SEVEN FREE REPORTS published today (not even S&H) go to www.OliverReports.com, and on the right hand side, just below ABOUT MARBLEHEAD, enter your email address, hit Subscribe and then click CONFIRM FOLLOWING on the email you will receive.
Every time a new article is published you will receive an email with a short extract so you can choose which reports to read. (more…)
Marblehead Condo Market – Prices hit record but…..
At first glance, the Marblehead condo market reached a record median price level in the first half of 2014, beating the previous high for the first half by more than $20,000.
But it is always important to keep in mind that the condo market here is small, something which can distort raw numbers. There were 19 sales in the first half of the year. The sale immediately below the median was $328,000 and the one above it $405,000, so one more sale in the quarter could have had a marked impact on the median price. (more…)
Million dollar home sales in Marblehead heading for record
Sales of million dollar homes continued at a brisk pace in the second quarter. YTD there have been 17 sales with a further 15 pending. If all these close, the total will reach 32, within sight of the record 36 in 2005. As there are several months of sales till to come, I think it is a fair bet that 2014 will see a record level of million dollar sales in Marblehead. (more…)
Million dollar homes sales in Essex County – better, but still below peak
Million dollar home sales in Essex County continue to recover from their Great Recession lows, but are unlikely to approach the level of the boom years of 2005-2007. (more…)
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