New Listings after Labor Day
As expected new listings have increased after Labor Day. And tomorrow will be an Open House bonanza. Check back here tomorrow at 8 a.m. for the full OH listings. (more…)
Marblehead Houses for sale by price
The supply of Single Family Homes (SFHs) has been low, but increasing, all year in Marblehead.
Here is the table showing the supply month by month, by price, this year:
Source: MLS, Oliver Reports
See Supply of houses for sale for a town by town breakdown of overall inventory compared with a year ago. (more…)
Where are houses selling in Marblehead?
One question I get asked quite often is: “where are houses selling in Marblehead?”
The maps below show sales for the last three months in different price brackets. The maps may be a little small, but I hope you can see the way that houses get more expensive as they get closer to the water. (more…)
Time to buy that oceanfront property?
Both the stock market and Boston condos have enjoyed a great run in prices in the last few years, in part due to the policy of keeping interest rates extremely low. One area that has not participated in the recent upturn, however, has been oceanfront property on the North Shore. Maybe Boston condo owners should be asking whether now is time to buy that oceanfront property. (more…)
Sales and Median Prices Town by Town
As promised in my Are home sales really booming? article this weekend I am now publishing a town by town guide to Sales and Median Prices for the year through August. (more…)
New Listings before Labor Day
Here are the week’s new listings, in summary: (more…)
Energy guzzling Beer Fridges
I read an article by Chris deMuth Jr. on Seeking Alpha pointing out the unanticipated consequences of some Energy Star programs, in this case leading to the creation of energy guzzling beer fridges.
Here’s how. (more…)
Today’s Open Houses
A beautiful day coming up on the North Shore. Make time to look in at today’s Open Houses: (more…)
Marblehead’s first pub-shed?
I think I may have found the perfect location for Marblehead’s first pub-shed (see Man-cave? Nah, pub-shed).
Fellow Harborside SIR agent Brian Skidmore has just reduced the price of this 400 sf house by $40,000 to only $229,000. Brian says:”Great location, walk to parks, downtown, movie theater (10 minute walk!), restaurants, and more.
While it is a very small house, I am intrigued by the prospect of a buyer converting the 9′ x 8′ garden shed into Marblehead’s first pub-shed. (more…)
The week’s new listings
As we head into the last week before Labor Day we continue to see a modest number of new listings: (more…)
Today’s Open House list
Today is not a beach day so check out these Open Houses (and read Why mortgage rates are falling): (more…)
New listings this week
The slow pace of new listings continues, but this weekend’s rainy weather gives buyers a good opportunity to get out and visit Open Houses, a list of which I shall publish as usual tomorrow morning: (more…)
Today’s Open Houses
The most notable aspect of this list is the relatively high number of SFHs in Swampscott – a market which has experienced very limited inventory this year – where today’s Open Houses range in price from $330,000 to $1.7 million. (more…)
New listings remain subdued
Another quite week for new listings and, disappointingly, still no private islands: (more…)
AAA rated Marblehead – again
As this For seventh consecutive year Marblehead attains AAA bond rating Marblehead Reporter article points out, Marblehead is one of just 45 of Massachusetts’ 351 cities and towns to be rated AAA by Standard & Poor’s.
S&P cited Marblehead’s “very strong economy, strong management with good financial policies and practices, strong budgetary performance, very strong liquidity and budgetary flexibility, strong debt and contingent liability position, and strong institutional framework” as positive credit factors, according to the Town’s press release.
These factors contribute to a robust real estate market, described thus in the Town’s Comprehensive Financial Report:”… continues to be in the revitalization stage of the real estate cycle as demonstrated by the continued number of “tear downs” and redevelopment of 17 new dwellings. Additionally, smaller subdivisions are in the planning stages. Local realtors continue to maintain that this market has seen the strongest demand since the peak of the market in 2006. Average marketing time for properties is less than 3 months if priced properly. Demand continues to outweigh supply resulting in a seller’s market and an upward trend in values.” (more…)
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