Million Dollar Sales increase 7% to new record in 2019
Sales of Single Family Homes (SFH) at $1 million or more in the 34 cities and towns of Essex County increased 7% in 2019 to a record level of 353.
Marblehead regained the top position from Andover, but the biggest move came in Newburyport, where there were 46 sales, double the number in 2019 and three times the 2015 level.
Click Million Dollar Sales by Town to download a copy of the table including aggregate numbers not in the table above.
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Million Dollar Sales jump 15% in Essex County
Sales of Single Family Homes (SFH) at $1 million or more in the 34 cities and towns of Essex County jumped 15% in 2019 to a record level of 331.
Andover took over the number one position from Marblehead, where Million Dollar sales have been flat for the last three years:
Click Million Dollar Sales by Town to download a copy of the table including aggregate numbers not in the table above.
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Million Dollar Home Sales Jump 20% in 2017
While overall sales of Single Family Homes (SFH) in the 34 cities and towns of Essex County fell 1% in 2017, it was a different story at the higher end, with a 20% increase in sales over $1 million, from 242 in 2016 to 291 in 2017.
Moving up the food chain, the number of sales of $2 million or more increased 14% from 42 in 2016 to a new record of 48, although this was only marginally better than the prior peak of 47 in 2006.
This article will look first at Essex County overall and then at individual towns.
Essex County
Two charts: sales over $1 million and sales over $2 million.
Source: MLS, Oliver Reports
Towns
Marblehead has reported the highest number of sales over $1 million in every year except 2008. In 2017, Andover and Gloucester both showed sharp increases in sales, as did Newburyport, Beverly and Essex.
Marblehead leads again in sales over $2 million, except in 2006. In 2017, sales in Marblehead declined slightly while Gloucester saw a strong increase to tie Marblehead, with Manchester just behind.
Comment
These sales figures are not surprising given the strength of the housing market in recent years.In my 2016 year end reviews I suggested that 2017 might be the year when activity picked up at the higher end and these numbers confirm that did happen.
Million Dollar Home Sales
The first half of the year saw a modest increase in Million Dollar Home Sales in Essex County.
The second half of the year generally sees higher sales. So far in July there have been 20 completed sales with 57 more pending.
Here is a breakdown of sales by price:
Source: MLS, Oliver Reports
And finally the leading towns for sales year to date:
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