Blog

For Sale! 16 Carolyn Street, Lowell, MA 01850

Welcome to 16 Carolyn Street! The handsome colonial is updated, provides low maintenance living, and is move in ready! The layout on the 1st level is open and ideal for both entertaining and everyday living. The kitchen offers stainless steel appliances, granite counters as well as an island for morning coffee and a place for friends to gather. The first floor also contains a full bath including laundry. The 2nd level has 3 spacious bedrooms and the 2nd full bathroom. The back yard is flat, fenced in and ready for games and play! Comforting central air! Many updates including efficient gas heat and hot water on demand!! Convenient located and close to downtown, shopping, and restaurants.

Click here for more pictures and full details!

Comments

  1. No comments. Be the first to comment.

North of Boston Real Estate Market Report July 2021

We hope you all had a great 4th of July! If you remember last June, we were in a very strong seller's market. This year the market is even stronger.  Comparing June of 2021 to June of 2020 we had an increase of 52% for the amount of homes that have sold.  Inventory levels, the amount of homes available for sale, that's actually down close to 18%. Days on market the time it's taking homes to sell, that's also down close to 47.5%.  Median sales prices are up at $660,000.  That's an increase of over $100,000 or 20%.  

So how's the market today?  Well we are seeing a price reduction for some homes that don't sell the first weekend listed.  Does that mean that the market it shifting?  Not necessarily, the market still remains strong.  We are seeing some buyers decide to take a vacation from their home search after putting in several very strong over asking offers and not getting any offers accepted.  Also because of the price acceleration that we've seen over the past 12 months. For example we may have seen a home listed in March of this year listed at $600,000 and due to multiple offers, sell for $700,000.  Now their neighbor decides to list their home, a very similar home, for $700,000.  Well that original buyer that lost out on a few homes and originally saw that $600,000 house might think in order to compete they would need to put $100,000 over that neighbor's $700,000 house.  Which may not be an option and decide to just sit on the sidelines.  We are now seeing a reduction in the amount of total offers when we are in this multiple offer situation. Pricing remains tricky in this market, however the market does remain very strong.  

 If you are considering a move to the suburbs north of Boston give a call at 617-275-3379. 

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

AndoverNorth AndoverNorth ReadingReadingWakefield and Stoneham

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!

 

Comments

  1. No comments. Be the first to comment.

For Sale! Video of 14 Franzone Dr, Bradford, MA

Yes you can have it all! This Bradford townhome feels like a single family home yet offers the convenience of condo living. The first level offers a spacious eat in kitchen with new stainless steel appliances and a comfortable family room. Three bedrooms are located on the 2nd level and the finished 3rd level offers flexible space ideal for an office, playroom or guest room. Comfortable central air, and the convenience of a 1 car garage! The outdoor deck is ready for summer barbecues! Plenty of out door space and located on a cul-de-sac in the highly desirable section of Bradford! Quiet location yet just minutes from Rt 495 making commuting a breeze!

More pictures and full details here!

    Comments

    1. No comments. Be the first to comment.

    Don't Wait To Sell Your House

    Dont Wait To Sell Your House | MyKCM
     

    We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to make looks like, here’s an overview of what’s creating the prime opportunity to sell this summer.

    High Buyer Demand

    Demand is strong, and buyers are actively searching for homes to purchase. In the Realtors Confidence Index Survey published monthly by the National Association of Realtors (NAR), buyer traffic is considered “very strong” in almost every state. Homebuyers aren’t just great in number right now – they’re also determined to find their dream home. NAR shows the average home for sale today receives five offers from hopeful buyers. These increasingly frequent bidding wars can drive up the price of your house, which is why high demand from competitive homebuyers is such a win for this summer’s sellers.

    Low Inventory of Houses for Sale

    Purchaser demand is so high, the market is running out of available homes for sale. Danielle Hale, Chief Economist at realtor.com, explains:

    “For most sellers listing sooner rather than later could really pay off with less competition from other sellers and potentially a higher sales price... They’ll also avoid some big unknowns lurking later in the year, namely another possible surge in COVID cases, rising interest rates and the potential for more sellers to enter the market.”

    NAR also reveals that unsold inventory sits at a 2.4-months’ supply at the current sales pace. This is far lower than the historical norm of a 6.0-months’ supply. Homes are essentially selling as fast as they’re hitting the market. Below is a graph of the existing inventory of single-family homes for sale:Dont Wait To Sell Your House | MyKCMAt the same time, homebuilders are increasing construction this year, but they can’t keep up with the growing demand. While reporting on the inventory of newly constructed homes, the U.S. Census Bureau notes:

    “The seasonallyadjusted estimate of new houses for sale at the end of April was 316,000. This represents a supply of 4.4 months at the current sales rate.”

    What Does This Mean for You? 

    If you’re thinking of putting your house on the market, don’t wait. A seller will always negotiate the best deal when demand is high and supply is low. That’s exactly what’s happening in the real estate market today.

    Bottom Line

    As vaccine rollouts progress and we continue to see the economy recover, more houses will come to the market. Don’t wait for the competition in your neighborhood to increase. If you’re ready to make a move, now is the time to sell. Let’s connect today to get your house listed at this optimal moment in time.

      Comments

      1. No comments. Be the first to comment.

      North of Boston Real Estate Market Update June 2021

      Here's a look at the real estate market north of Boston comparing May 2020 to May 2021.  Specifically for single family homes, multi-family homes and condominiums in Middlesex and Essex counties. Last year at this time things started picking up in about April and by May we definitely had some momentum.  Right now compared to last may inventory is down close to 14%.  Days on market, the time is taking homes to sell, is also down about 34%.  The amount of homes sold is up close to 47%.  Lastly, median sales prices are up close to 15% which is an increase of close to about $60,000 compared to what we saw last May.  So if you are considering buying a home right now you I'm sure may be frustrated with today's market.  Our suggestion is to keep chugging along. For sellers out there, definitely don't skimp on preparing your home to sell just because it's a strong market.  Those that are taking the time to do it right are getting crazy offers on their home so if you are considering a move to 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 ReadingReadingWakefield and Stoneham

      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!

        Comments

        1. No comments. Be the first to comment.

        For Sale! 65 Elm Street, Stoneham, MA 02180

        Welcome to 65 Elm Street, a handsome blend of classic New England charm, modern updates and conveniences. The bright white kitchen includes stainless appliances, quartz counters, and soft close drawers. The island provides a space for breakfast and the kitchen is open to a bonus room - flexible space ideal for an office or playroom.   The dining room exudes character with crown moldings, built in china cabinet and original tin ceilings. The gas stove in the living room adds rustic character & adds warmth to New England winters. The new finished room adds a great place for morning coffee and leads to a wonderful back yard!  The flat backyard is spacious enough for games &play. The sprinkler system makes gardening a breeze. The plumbed in gas on the patio assures you'll never have to run out during your BBQ!  Hardwood flooring throughout. 1st level laundry. Essential Central Air!  Convenient to parks, playgrounds & restaurants. Down the street from Rt 93 & 95 making for an easy commute!

        Photos and home details here!

        Comments

        1. No comments. Be the first to comment.

        For Sale! 167 Hay Meadow Road, North Andover, MA 01845

        Located in a tranquil setting in one of North Andover's most  coveted neighborhoods, 167 Hay Meadow is a traditional center entrance colonial with many updates and rustic details.   The first floor features an updated,  bright, white eat in  kitchen with stainless appliances and granite counters.  The sunroom is a special place to let time pass and enjoy a favorite book and morning coffee. There is plenty of space for summer barbecues on the generous sized deck!  In the master bedroom the fireplace adds distinctive appeal.  The master bath comes complete with jacuzzi style tub and stand up shower with glass doors.   The exercise room is ready for your Peloton!  Hardwood flooring throughout 1st and 2nd floors.  There is plenty of space for everyday living, as well as entertaining, and the neighborhood truly makes this home a special place to create lasting memories! Private showings only.

        See all the details here!

        Check out the virtual tour here!

          Comments

          1. No comments. Be the first to comment.

          For Sale! 4 Rebecca's Row North Reading, MA 01864

          Located in a peaceful setting and surrounded by nature, 4 Rebecca's Row is a young colonial tucked away in the heart of North Reading. With 4 finished levels, this home offers plenty of space for work, play, & everyday living with enough privacy for everyone to enjoy. The double French doors from the farmers porch and the living room invites Mother Nature in & blurs the lines between indoors & out. At the heart of the home is a generous eat in kitchen that opens to a great room with cathedral ceilings. Separated from the main living area, the 1st floor office is ready for work. The finished 3rd level provides flexibility to be used as a playroom or 2nd home office space & has plumbing roughed in for a future bath. The finished basement with wet bar & full bath is ideal for extended family, teen suite or as a rec room. The wine connoisseur will appreciate the wine cellar! 2nd floor laundry, hardwood throughout & plenty of storage space!  Convenient to all North Reading has to offer!

          See photos and detail here!

          Check out the virtual tour here!

            Comments

            1. No comments. Be the first to comment.

            Experts Say Home Prices Will Continue to Appreciate

            Experts Say Home Prices Will Continue to Appreciate | MyKCM
             

            It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month.

            In addition, Jim Dalrymple II of Inman News notes:

            “One of the most noteworthy things that came up in Inman’s conversations with agents was that every single one said they’ve had conversations with clients about whether or not the market is heading into a bubble.”

            To alleviate some of these concerns, let’s look at what several financial analysts are saying about the current residential real estate market. Within the last thirty days, four of the major financial services giants came to the same conclusion: the housing market is strong, and price appreciation will continue. Here are their statements on the issue:

            Goldman Sachs’ Research Note on Housing:

            “Strong demand for housing looks sustainable. Even before the pandemic, demographic tailwinds and historically-low mortgage rates had pushed demand to high levels. ... consumer surveys indicate that household buying intentions are now the highest in 20 years. … As a result, the model projects double-digit price gains both this year and next.”

            Joe Seydl, Senior Markets Economist, J.P.Morgan:

            “Homebuyers—interest rates are still historically low, though they are inching up. Housing prices have spiked during the last six-to-nine months, but we don’t expect them to fall soon, and we believe they are more likely to keep rising. If you are looking to purchase a new home, conditions now may be better than 12 months hence.”

            Morgan Stanley, Thoughts on the Market Podcast:

            “Unlike 15 years ago, the euphoria in today's home prices comes down to the simple logic of supply and demand. And we at Morgan Stanley conclude that this time the sector is on a sustainably, sturdy foundation . . . . This robust demand and highly challenged supply, along with tight mortgage lending standards, may continue to bode well for home prices. Higher interest rates and post pandemic moves could likely slow the pace of appreciation, but the upward trajectory remains very much on course.”

            Merrill Lynch’s Capital Market Outlook:

            “There are reasons to believe that this is likely to be an unusually long and strong housing expansion. Demand is very strong because the biggest demographic cohort in history is moving through the household-formation and peak home-buying stages of its life cycle. Coronavirus-related preference changes have also sharply boosted home buying demand. At the same time, supply is unusually tight, with available homes for sale at record-low levels. Double-digit price gains are rationing the supply.”

            Bottom Line

            If you’re concerned about making the decision to buy or sell right now, let’s connect to discuss what’s happening in our local market.

              Comments

              1. No comments. Be the first to comment.