John Ternullo

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.

        North of Boston Real Estate Market Update for May 2021

        Here's a look at the North of Boston real estate market comparing April of 2021 to April of 2020.  Specifically for Middlesex and Essex counties for single-family homes, multi-family homes, and condominiums. Keep in mind last April was the beginning of the pandemic so the numbers may be off slightly.  In terms of inventory levels, the amount of homes available for sale, are up close to 3.5% compared to last April. That isn't much considering last April we had extremely low levels of inventory. The time it's taking homes to sell, that's down close to 22% compared to last April.  And the amount of homes sold that's up close to 30% compared to last April.  Median prices are up over 10% compared to last year at this time.  The market remains extremely strong for sellers, so my advice to sellers if you are considering selling your home, this is a great time to take advantage of strong buyer demand.  However, as a seller, if you're thinking "hey you know the market's so strong do I really need to prep? Do I really need to make sure that my home is ready for sale?" Well we've seen homes out there sell for anywhere from $20,000 over up to over $150,000 over.  So this, in our opinion, is certainly a great time!  Don't skimp on prepping your home for sale because this is the time when you can really take advantage of strong buyer demand and the more interest that you have in your home the stronger offers will come in and the more money you will net. For buyers out there, unfortunately there doesn't seem like a lot of relief out there.   However, a lot of our buyers have had great luck with the strategies that we are using to get home offers accepted.  So if you are considering a move in or out of the suburbs north of Boston feel free to 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.

        Are Interest Rates Expected to Rise Over the Next Year?

        Are Interest Rates Expected to Rise Over the Next Year? | MyKCM
         

        So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say.

        Danielle Hale, Chief Economist, realtor.com:

        Our long-term view for mortgage rates in 2021 is higher. As the economic outlook strengthens, thanks to progress against coronavirus and vaccines plus a dose of stimulus from the government, this pushes up expectations for economic growth . . . .”

        Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

        In 2021, I think rates will be similar or modestly higher . . . mortgage rates will continue to be historically favorable.”

        Freddie Mac:

        We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.”

        Below are the most recent mortgage rate forecasts from four top authorities – Freddie MacFannie Mae, the Mortgage Bankers Association (MBA), and NAR:Are Interest Rates Expected to Rise Over the Next Year? | MyKCM

        Bottom Line

        If you’re planning to buy a home, purchasing before mortgage interest rates rise may help you save significantly over the life of your home loan.

        Comments

        1. No comments. Be the first to comment.

        Will the Housing Market Maintain Its Momentum?

        Will the Housing Market Maintain Its Momentum? | MyKCM
         

        Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy. There are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

        Lawrence Yun, Chief Economist at NAR, explains in the report:

        "The sales for March would have been measurably higher, had there been more inventory. Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising."

        Yun’s insight was supported the next day when the Census Bureau released its Monthly New Residential Sales Report. It shows that newly constructed home sales are up 20.7% over the previous month.

        Buyer demand remains strong. With more of the adult population becoming vaccinated and job creation data showing encouraging signs, existing-home inventory is expected to grow in the coming months.

        What will this mean for home sales going forward?

        Fannie MaeFreddie Mac, and the Mortgage Bankers Association (MBA) have all forecasted that total home sales (existing homes and new construction) will continue their momentum both this year and next.

        Here’s a graph showing those projections:Will the Housing Market Maintain Its Momentum? | MyKCM

        Bottom Line

        Living through a pandemic has caused many to re-evaluate the importance of a home and the value of homeownership. The residential real estate market will benefit from both as we move forward.

          Comments

          1. No comments. Be the first to comment.

          For Sale! 12 Blossom Road, Windham, NH 03087

          Welcome to 12 Blossom Road!   This updated gambrel style home features a stylish interior on a great lot located in one of Windham's most coveted neighborhoods! The white kitchen boasts granite counters, stainless appliances and overlooks a family room, ideal for games and play!  The dining room provides plenty of space for entertaining and living room shows off accents of shiplap and a whitewashed fireplace.  Upstairs consists of 3 spacious bedrooms and full bath.   What a backyard!  The deck awaits evening gatherings, the fenced in yard is ideal for outdoor fun and the in-ground pool is sure to make make the most out of the summer months!  Convenient 1 car garage and stand by generator!  Down the street from Windham Country Club, walking trails, shopping, restaurants and Route 93

          Click here for virtual tour!

          Comments

          1. No comments. Be the first to comment.

          For Sale! 23 Hansom Dr, Merrimac, MA 01860

          This Classic, New England Cape style home exudes an abundance of curb appeal in a pretty, sought after Merrimac neighborhood! Inside you'll find a spacious layout ideal for everyday living and entertaining. The updated eat-in kitchen comes complete with chef's appliances, including Wolf gas cooktop and double wall oven. Outside the kitchen, the maintenance-free deck expands the entertaining area to seamlessly connect to the massive game room, an impressive space designed for games, laughs and fun! The first level also consists of living room, dining room, laundry and dedicated space for the essential home office. Upstairs you'll find 3 generous sized bedrooms, main and master baths. The basement is also finished to add additional space for movies, exercise or homework. 2 car garage, central air and many other updates! Located in an ideal setting down the street from Sweetsir Elementary, adjacent to walking trails, and convenient to shops, restaurants and Route 495/95.

          Click here for more photos and details and open house information!

          Click here for virtual tour!

           

          Comments

          1. No comments. Be the first to comment.

          North of Boston Real Estate Market Update April 2021

           Last March after everything shutdown we had a huge decline in the amount of new homes being listed on MLS. Despite fewer listings on MLS when we're looking at March of 2021 we still had close to 31% less inventory than March of 2020. Even though there were fewer homes on the market buyer demand remains so strong that in March of 2021 we actually saw an increase close to 3% in the amount of homes sold.  Days on market is down as well too close to about 18%.  Median sales prices are up close to 10% compared to what we saw last March. The market remains strong however some sellers are under the impression that because the market's strong they can take some shortcuts. However, what we've seen and what we recommend to sellers is don't take those shortcuts because it could cost you tens of thousands of dollars. We've seen buyers pay $25k-$100k over asking. So if you're looking to maximize the sale of your property don't take any shortcuts now. For buyers out there it is certainly a frustrating market and many are thinking maybe they should put their search on pause and resume later on. In our opinion that's not a good idea. We have seen more listings come on the market every week. Now having said that the market remains strong. We're seeing most of the new listings coming on the market get absorbed by buyer demand. So if you are prepared to put in a strong offer not just a competing offer but one that will get accepted our advice is to keep looking.

           If you have any questions and you're thinking about buying or selling in the suburbs north of Boston give us a call  at 617-275-3375.

           

          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.