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North of Boston Real Estate Market Update December 2022

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Here's a look at the north of Boston real estate market specifically Middlesex and Essex counties and comparing November of 2021 to November of 2020. Overall it remains a strong seller's market even though last November we had low amounts of inventory. If you can believe it, we actually dropped close to 27% compared to last November. Despite less homes on the market, more homes sold, close to about 3% compared to last November.  Days on market are actually down about 10%.  Median sales prices are up close to 10.5%. So what's in store for 2022?  Well experts predict it will remain a strong seller's market. We may not see the appreciation like we did in the past but the market will definitely favor sellers.   Some experts are predicting interest rates may rise up to 4% by the end of 2022 and that may slow down appreciation some. But outside the great recession, as history shows us, home prices still appreciate even with rising interest rates. One reason for that is that rising interest rates are also tied to a healthy economy. For potential home buyers out there our advice is sooner is better than later. Rising interest rates and rising home prices could result in either a smaller house and or a larger monthly payment. For home sellers out there, if you are ready to go to the market but are simply waiting because it's wintertime I would suggest rethinking that plan if you are considering making 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!

For Sale! 40 Brentwood Circle North Andover, MA 01845

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40 Brentwood Circle | North Andover, MA | 01845

Overlooking one of North Andover's most sought after locations, 40 Brentwood Circle sits high on a corner lot with beautiful views of its surrounding neighborhood. This center entrance garrison colonial has been renovated to include both cosmetic & important system updates. At the heart of the home, the kitchen boasts quartz counters and new slate appliances. The kitchen is completely open to the dining area for seamless entertaining & overlooks the fireplaced family room for a layout that's ideal for everyday living. Overlooking the flat backyard, the 3 season sunroom provides a serene place for morning coffee, or an evening gathering spot with friends without worry of bugs or the elements. Renovated, full bathrooms on every living level & the finished basement provides plenty of space for an additional TV room, playroom or exercise space. Located by the NA Country Club, Brooks School, apple picking & activates at Smolak Farm, hiking at Weir hill & convenient to Rt 495,114 & 125.

Click here for more details and Open House info!

 

North of Boston Real Estate Market Update November 2021

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Welcome to our monthly market update for the north of Boston Real Estate Market! We're comparing October of 2021 to October of 2020 specifically Middlesex and Essex counties . The market has changed since last spring. However, this fall market still has remained a strong seller's market. Overall total number of homes sold went down about 15.5%. However inventory levels that also went down about 19%. Days on market the time is taking homes to sell, that went down close to 19%. Medium home prices  went up close to 11% since last October. While many potential home sellers overlook the winter season we think this could still be a great time to take advantage of high prices and high demand. For home buyers out there this isn't the time to put your search on pause as interest rates are projected to rise in 2022. If you are 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 Andover, North 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!

For Sale! 33 Bay State Road, Wakefield, MA 01880

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Welcome to 33 Bay State Road in Wakefield!  This Cape Cod style home is both updated and spacious! The first floor consists of a front to back living room, granite and stainless kitchen and a dining room ready for the holidays! The sitting room offer flexible space for a play room or a spot for home work. All 3 bedrooms are upstairs along with a renovated bathroom. The 4th bedroom is 9x8 and offers space for a nursery or home office. Finished basement offers fun space for games and play. Hardwood floors throughout! The 2 car garage offers both comfort and convenience in the upcoming winter! Flat, fenced in yard with storage shed and concrete patio for outdoor BBQ's! Convenient location by Rt 95 for an easy commute and down the street from all the activities at Lake Quanapowitt!

Click here for more pictures and open house details!

 

For Sale 1 Sparhawk Circle in Stoneham, MA 02180

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If location is high on your priority list, you are not going to want to miss out on 1 Sparhawk Circle in Stoneham! This sun-filled, split entry home has been meticulously maintained & situated with extra space on a corner lot, in one of Stoneham's most coveted areas. The first level features gleaming hardwood floors & an eat-in kitchen with stainless steel appliances & granite counter tops. Off the kitchen & dinning area, the spacious deck offers great space for summer grilling & dinners al fresco. Downstairs offers possibilities with a wet bar, family room, gas fireplace, office space & full bath. Convenient 1 car garage, gas heat & refreshing central air! Outside the yard is flat, perfect for gardening, games & play! The Colonial Park neighborhood is sought after by many with its intertwining sidewalks & streets, close proximity to Colonial Park Elementary, Stoneham High School, walking trails at Whip hill, restaurants in both Stoneham & Melrose, the commuter rail & easy access to many highways!

Click here for more photos and open house details!

 

North of Boston Real Estate Market Update October 2021

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Welcome to our north of Boston monthly market update for October, 2021. We're taking a look at the market specifically in Middlesex and Essex counties and comparing September of 2021 to September of 2020. Now the market overall has definitely slowed down we're not seeing the intensity of bidding wars like we did last spring however it does remain a seller's market and prices are still up. So let's jump into the numbers. The total amount of units sold, that is down 10% compared to last September. Inventory levels, the amount of homes available for sale, that's also down by about 14.6%. Days on market, the time it's taking homes to sell, that's down about 24.2%.  But overall median prices are up about 4.5% compared to last September.  My advice to frustrated home buyers out there: if you decided to put your search on pause now's the time to start looking again. There are more opportunities out there now than what you may have seen last year. And in my opinion there's probably more opportunity out there now than what you may see next spring. For home sellers out there, pricing is critical if the market thinks a price is too high even if there's comps to support it a home may not sell until there's a price reduction. However, on the flip side if you price it too low you could be leaving money on the table. Sellers shouldn't automatically expect a fierce bidding war like their neighbor got about six months ago. So if you are considering a move in 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 Andover, North 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!

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