Blog

North of Boston Real Estate Market Update August 2022

Welcome to our monthly market update! We're taking a look at single family homes sold specifically in Middlesex and Essex counties for the suburbs north of Boston and comparing July of 2022 with July of 2021. The total number of active properties dropped about 11.5% and the total number of homes sold also dropped about 14.5%. Days on market, the time it has taken homes to sell, slightly changed from 21 days down to 20. Median sales prices continue to be on the rise and went from $700,000 up to $750,000, an increase of $50,000 or 7%. 

Many people are asking about the status of the market. It has definitely slowed down since the COVID surge! This market resembles a lot to what we saw before COVID, which back then was still healthy seller's market. However, today buyers are getting offers accepted with contingencies, fewer homes are selling with multiple offers, and many buyers are purchasing their home without having to go 50-100k over asking price! If you're considering a move in or out of the suburbs north of Boston, give us a call at 617-275-3379!

 

Curious about the numbers for your area?  Click the link for your town!

AndoverNorth AndoverNorth ReadingReadingStoneham and Wakefield

Be sure to like us on Facebook and follow us on Instagram for a behind the scenes of our day to day and favorite happenings north of Boston!

New Listing! 315 Nashua Road Billerica MA 01821

315 Nashua Road Billerica, MA 01821
3 beds | 2 baths | 2256 sqft
Price: $499,900

Welcome to 315 Nashua Road..Located by the Bedford line, this spacious ranch offers privacy on a generous sized lot. The living room is bright and airy with cathedral ceilings overlooking the deck and back yard. The fireplace in the dining room adds a touch of warmth; this room could also be used as a living room. The main level also consists of 3 bedrooms and a full bath. Downstairs offers possibilities with a flexible layout for extended family, entertaining or everyday living! The walkout lower level offers a full bath, living area, wet bar and room for exercise, crafts or a home office and leads to a great back yard with room for everyone to enjoy! On one side there is a refreshing pool to enjoy in the hot summer months. On the other side, there is plenty of room for games, play and gardening! Great location down the street from parks, trails, restaurants, easy access to Rt 3 and convenient to Rt 495, 95 and Rt 2!

Click here to learn more!

See it at an Open House! 7/16 and 7/17 from 11:30AM-1:00PM

 

    Comments

    1. No comments. Be the first to comment.

    North of Boston Real Estate Market Update July 2022

    Happy July everyone! Welcome to our monthly market update! We're looking at single-family homes sold north of Boston, specifically Middlesex and Essex counties and comparing June of 2022 to June of 2021. Total active properties dropped 11% and the total number of homes sold also dropped about 9%. Days on market dropped slightly by about 5%. However, median sales prices continue to be on the rise and went from $725,000 up to $770,000, an increase of about $45,000 or 6%. 

     If you're a frustrated home buyer that has put their search on pause, I would strongly encourage you to start looking again! We're starting to see more homes on the market now in the past and it's much easier for buyers to get offers accepted. Also, experts predict that prices will continue to be on the rise so buying sooner is definitely better than buying later! If you're considering a move in or out of the suburbs north of Boston, give us a call at 617-275-3379!

     

    Curious about the numbers for your area?  Click the link for your town!

    AndoverNorth AndoverNorth ReadingReadingStoneham and Wakefield

    Be sure to like us on Facebook and follow us on Instagram for a behind the scenes of our day to day and favorite happenings north of Boston!

    Just Listed! 35 Catesby Lane Londonderry NH 03053

    35 Catesby Lane, Londonderry NH 03053
    3 beds | 3 baths | 1974 sqft
    Price: $674,000

    Easy living at the Orchards! This “Croften” style home is less than 2 years old and and features an open concept main living area and 1st floor primary bedroom. The kitchen consists of granite counters, stainless steel appliances and an island for morning coffee and a place to gather. The gas fireplace in the living room is a convenient way to take the chill out of New England winters and the deck awaits summer barbecues! There is also a space to work from home in the 1st level office/study. Upstairs consists of 2 bedrooms and full bath and there is plenty of room in the basement for storage and future potential living area. Down the street from shopping, restaurants and convenient access to 93! No age restrictions!

    Click here to learn more!

    See it at an Open House! Sunday 7/10 12:00-1:30PM

     

      Comments

      1. No comments. Be the first to comment.

      Open House and New Price! 61 Roma Lane Reading

      Open House 6/25 12:00-1:30PM

      61 Roma Lane Reading, MA 01867
      6 beds | 6 baths | 5235 sqft

      New Price: $1,699,990

      Built to the highest standards, this stately residence is sited at the end of a cul-de-sac in one of Readings premier neighborhoods, Sanborn Estates. This gracious Victorian home was thoughtfully designed with a blend of livability, elegance, and scale. The welcoming wrap around porch provides a great place to unwind on the porch swing. Rich details include a gorgeous curved stairway, prominent moldings and specialized flooring create a graceful background for entertaining. The 3 car garage, mudroom, and 2nd rear stairway make everyday living that much easier! The 3 season porch awaits evening gatherings! The finished 3rd floor and expansive finished basement provide multiple options for extended family, home offices, au pair suite, exercise room, or media room. Convenience to Reading’s commuter rail, Routes 93, 95 and 28 provide easy access to Boston, beaches, and skiing up North.

      Click here to learn more!

       

        Comments

        1. No comments. Be the first to comment.

        New Listing! 22 Pond Lane, Burlington MA 01803

        22 Pond Lane, Burlington MA 01803
        2 beds | 2 baths | 1316 sqft
        Price: $549,900

        Nestled in the tranquil setting of the popular Village at Maple Ridge, 22 Pond Lane offers a retreat to come home to, while being convenient to so much! This town home is move in ready with a bright white kitchen featuring granite counters and stainless steel appliances. The fireplace adds ambiance to the open living and dining areas. A wooded background provides privacy to the composite deck and makes a welcoming outdoor space for morning coffee. Hardwood floors on both levels. Conveniences include a 1 car garage, gas heat and refreshing central air! Enjoy all the shopping and variety of restaurants Burlington has to offer with an easy commuting location from Route 95, Route 3 and minutes from Route 93!

        Click here to learn more!

        See it at an Open House! Thursday 6/16 5:00-6:30PM and Sunday 6/19 11:30AM-1:00PM

         

          Comments

          1. No comments. Be the first to comment.

          North of Boston Real Estate Market Update June 2022

          Hey everyone! Welcome to our monthly market update. We're taking a look at the north of Boston real estate market specifically Middlesex and Essex counties, and comparing May of 2022 to May of 2021. So the total number of active properties dropped about 8.5%. The number of sold properties dropped as well by about 2.5%. Days on market dropped about 21% and median sale price continues to be on the rise and came up 12.5%. So there's a lot of confusion in the marketplace today. Many people think that the market is favoring buyers, and other people think that it's still a strong seller's market. Which one is it? Well, the answer is it's both! We've been so used to an insane seller's market many of us forget what a typical seller's market looks like. The numbers are still great! Inventory levels are low and demand remains high. Although prices will most likely continue to rise, we've never seen the leverage that sellers have now. Buyers are waiving inspections and allowing the sellers to not only pick their closing date but many times giving sellers time in the house as a rent back free of charge. We may see some of that leverage start to diminish in the near future. If you're considering selling your home it is still a great time and sellers still have leverage! If you are considering making a move in or out of the suburbs north of Boston give us a call at 617-275-3379.

          Buyers who bought last year are grateful that they are not purchasing this year, however we predict that buyers who buy this year will be much better off than waiting until next year. “The average single-family home in our market area costs 53% more today than it did a year ago due to higher interest rates and appreciation. Last year, a 30-year fixed rate with zero points for buyers with excellent credit was running 2.875%. Today, interest rates are circling 5.5%,” said Linda O’Koniewski, CEO of Leading Edge. “And buyers don’t want to hear that interest rates were 18% in 1980. Home prices were under $100,000. Today’s buyers must square with today’s reality if they want to buy a home before it gets even more expensive. Despite inflation, impending recession, supply chain issues, and fuel price hikes, locally we have an extreme housing shortage which will keep prices high for the foreseeable future.”

           

          Curious about the numbers for your area?  Click the link for your town!

          AndoverNorth AndoverNorth ReadingReadingStoneham and Wakefield

          Be sure to like us on Facebook and follow us on Instagram for a behind the scenes of our day to day and favorite happenings north of Boston!

          Just Listed! 48 Catherine Drive, Peabody MA 01960

           

          48 Catherine Drive, Peabody MA 01906
          4 beds | 3 baths | 2326 sqft
          Price: $724,990

          Welcome to 48 Catherine Drive! This spacious multi-level home is located in the sought-after Burke School district in West Peabody! The eat in kitchen features quartz counters with custom birch cabinets and leads to a deck waiting for summer BBQ's! The deck overlooks a backyard that offers privacy abutting the Sagamore Springs Golf Course in Lynnfield. The layout offers options for extended family including a primary bedroom on the first level and a 2nd option for main bedroom on the upper level. The family room downstairs provides a great space for movies, games and play! The laundry room is spacious with plenty of room for storage. The lower level also provides additional opportunities for extended family. This home has been well maintained and provides conveniences such as a 1 car garage, refreshing central air and gas heat! Across the street from Symphony Park and down the street from the trails at the Peabody Independence Greenway!

          Click here to learn more!

          See it at an Open House! 6/11 and 6/12 12:00-1:30pm

           

            Comments

            1. No comments. Be the first to comment.

            New Listing! 1 Vincent Street Saugus, MA 01906

            1 Vincent Street, Saugus MA 01906
            3 beds | 2 baths | 2424 sqft
            Price: $799,900

            Spectacular water views from every room of this sun-drenched waterfront property! Take your boat into Boston in minutes or enjoy an afternoon of kayaking. Effortlessly entertain on the ample-sized deck; play games on the uncommonly flat, green yard; or relax and unwind in a chair by the river - all while admiring the osprey, egrets, ducks, and bald eagles that are your new neighbors. The 1st level of this meticulously-maintained home offers an open layout and many possibilities in the spacious kitchen. Start your day with a cup of coffee and a spectacular sunrise from the balcony off the primary bedroom! The bonus space on the 3rd floor could be a new owner’s suite and its balcony is protected, allowing enjoyment all year long! Additional space in the basement for another TV room or a game of pool! Steps to the Northern Strand Trail, 15 minutes to Logan Airport, and only 20 minutes to Boston! No flood insurance required!

            Click here to learn more!

             

             

              Comments

              1. No comments. Be the first to comment.