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John Ternullo

Community Spotlight and Giveaway with B&G Cabinet!

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This month's Community Spotlight is a bit more personal to us as we highlight our recent kitchen remodel with B&G Cabinet of Newburyport. As with any renovation it can be a bit daunting to start- wait until you see the before photos! With the help of B&G Cabinet kitchen designer Cathy Stathopoulos, our dream kitchen came to life! Check out the video for Michelle's tips and advice for surviving your own kitchen [...]

For Sale! 45 17th Avenue, Haverhill, MA 01830

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Welcome to 45 17th Avenue!

This home offers classic curb appeal along with character, charm and a spacious layout  . The first level offers plenty of space to entertain in the dining room and space to relax in the living room.  The eat in kitchen offers plenty of room for everyday living and adjacent to a covered porch, ideal for morning [...]

Social Distancing and The North of Boston Real Estate Market Week 22

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Here’s a look at the 22nd week of social distancing and its effect on the north of Boston real estate market, specifically Middlesex and Essex counties for single-family homes and condominiums.  There 2,694 homes available on the market, very similar to what we saw the week before. 705 homes came on the market last week which was slight decrease of 4% from the week before. 756 homes went pending last week. Overall 28% of the market did get absorbed through pending listings, which indicates it is a strong seller's market.  If you are considering selling your home, don't worry, you have not missed your opportunity!  Although we are very close to fall, the real estate market remains very strong, it's a great time to sell! For home buyers out there it is a tough market, however the good news is interest rates are low, making homes the most affordable they've been since 2016.  Check out our previous post for more information on that.

 

Social Distancing and the North of Boston Real Estate Market Week 21

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Welcome to week 21 of social distancing and its effect on the north of Boston real estate market, specifically Middlesex and Essex counties. We’re also taking a look at how July compared to last July of 2019. Last week we had 2709 homes available on the market, a slight decrease of 2% compared to what we saw the week before.  There were 735 new homes on the market last week which was an increase of 6% from the previous week. As for pending homes, 746 homes went pending last week which is a slight decrease of 1% from the week before.  Overall 28% of the market did get absorbed through pending listings, which shows that it remains a strong seller's market.

For the month of July the number of units sales did go down slightly by about 5% due to inventory being down close to 27.5% .  We have less homes on the market in July of 2020 than what we saw in 2019. The days our market, the time is taking homes to sell, remains the same and overall.  Median prices from July 2020 compared to July 2019 are up 5.1%. 

The real estate market for Middlesex and Essex counties remains strong.  We are continuing to see multiple offers on homes and many homes are going for way over asking. There are plenty of buyers out there and there is little inventory. Usually during this time things start to tick down a bit until we get to labor day but that is not the case this year.

If you have specific questions on the market feel free to reach out to us at 617-275-3379

 

Social Distancing and The North of Boston Real Estate Market Week 19

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We are now in the 19th week of social distancing in the Boston area.  Here are the numbers for single-family homes and condominiums in Middlesex and Essex counties.  The amount of homes available on the market mostly remained the same at 2823.  We did have 705 listings come on the market new last  week, which is a decrease of 12% compared to  the week before. 798 homes went pending last week which is a decrease of 4% compared to the week before.  Overall 28% of the market did get absorbed last week through pending listings, which again shows that it is a strong seller's market.  Currently there are no signs of the market slowing down. Typically as we move into August things tend to slow down slightly.  However, there is no indication, as of now, that the market is slowing down at all.  If you're considering a move or selling your home and debating on whether it makes sense to go on the market now or next year, the answer is clear that this is one of the best times to sell in our lifetime. If you have any questions on the market feel free to  reach out to us at 617-275-3379!

   
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