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Blog :: 02-2021

North of Boston Real Estate Market February 14-20, 2021

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We're taking a look at the north of Boston real estate market specifically Middlesex and Essex counties for single-family homes and condominiums during the week of February 14th through the 20th. Last week we had 1,307 homes available on the market just a slight decrease of 1% from the week before.  We had 485 new homes come on the market last week an increase of 11% from the week before. 460 homes went pending last week that is a slight decrease of 2% from the week before and overall 35% of the market did get absorbed through pending listings which again shows it remains a red-hot seller's market.

Now even though some people are saying that this is the best seller's market in our lifetime, there are plenty of people out there that are stuck on the sidelines because buying a home is extremely difficult in today's market. Contingencies simply don't work and even if your home has an accepted offer the likelihood of getting an offer accepted with that contingency is very difficult.  Traditionally there's been two options when buying and selling a home one being able to get financing of buying a home while not needing to sell your current home. Some people simply can't have that option other people sometimes will sell their home first find temporary housing and then move and again for some people that's not an option either.  There is finally a third option where you can buy a home without a contingency and remain in your current home.  If you're considering a move but are concerned about the obstacles out there we can discuss all three.  I can be reached at 617-275-3379.

For Sale! 38 Grey Coach Lane, Reading, MA 01867

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Welcome to one of Reading’s most premier locations, Grey Coach Lane! This stately Dutch Colonial proudly sits on a corner lot and offers a layout that is both spacious & practical. The eat-in kitchen is sun-filled with an island for friends to mingle. The generous dining room creates a background ideal for large holiday gatherings. The essential home office is tucked away on the 1st floor.  Anchored by the stone fireplace & with its airy cathedral ceilings, the great room certainly lives up to its name!  Upstairs, the master bedroom comes complete w/ tiled master bath including both jacuzzi tub & shower. Comfortable rec room w/ half bath located in the basement. The walk up attic offers so much potential for additional living space!  Hardwood  throughout, central air & recent updates including a Buderus Boiler. If you're searching for a home to invest in with the ability to personalize & add additional equity, here is your opportunity, with a location that will support it.

Contact us at 617-275-3379 to learn more about 38 Grey Coach Lane, Reading, MA 01867!

Click here for details plus a virtual tour of this home!

See the full video tour below!

Community Spotlight The Children's Piazza, Peabody, MA

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Winter with little ones can be tough in the Northeast.  Our Digital Marketing Manager, Liz, recently discovered the perfect indoor play space for her and her little one.  The Children's Piazza is a play cafe located in Peabody, MA.  It's clean, spacious and has a variety of fun rooms, toys and art supplies for a morning or afternoon of play.  Another great feature is the cafe!  Weary-eyed parents and caregivers and purchase coffee and other drinks to sip while their children play.  Their cookies and egg bites are a must try as well!  They also have a fun outdoor area, Liz can't wait to check out this spring!

The Children's Piazza is offering a $25 gift card to one lucky winner check out our Facebook and Instagram pages for details!

Watch the video below to learn more about The Children's Piazza in Peabody, MA

North of Boston Real Estate Market Update February 2021

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We're taking a look at January of 2021 and comparing it to January of 2020 in the real estate market north of Boston specifically Middlesex and Essex counties for single-family homes, multi-family homes and condominiums.  Right now inventory levels are really low they are down by about 36% compared to last January. The time it's taking homes to sell, days on market, is also down by about 30% compared to last January. The amount of homes sold is up by about 10% from last January and median prices are up by about 7.2%.  For sellers out there that are selling now they're certainly cashing in, with low inventory and high demand, it remains a seller's market. For buyers wondering where they can escape the competition of other buyers, unfortunately we're seeing multiple offer situations in all price points from north of Boston, Middlesex and Essex counties all the way into southern New Hampshire.  If you're thinking about a move over the next 24 months and have questions, feel free to give us a call we'd be happy to give some information we can be reached at 617-275-3379.

North of Boston Real Estate Market Update January 24th-30th

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We're taking a look at the north of Boston real estate market during the week of January 24th through the 30th specifically in  Middlesex and Essex counties for single-family homes and condominiums.  Last week we had 1,376 homes available on the market, very similar to the week before, only a 1% increase. We had 441 homes come on the market last week, an increase of 7% compared to the week before.  494 homes went pending last week, an increase of 17% from the week before. Overall, 36% of the market did get absorbed through pending listings, which shows it remains a very strong seller's market.  To put that into perspective, that was the highest number that we've seen since the seller's market started unfolding as of last year.   For sellers there's very little on the market and buyers are out and looking. If you are considering selling your home this year and wondering if you should wait until the spring the answer is no. Sellers are doing well coming on the market now, before the spring rush. So if you are thinking about a move or are curious as to what your home may be worth give us a call at 617-275-3379.  

 

Want to Build Wealth? Buy a Home This Year.

Want to Build Wealth? Buy a Home This Year. | MyKCM


 

Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most likely take into consideration monthly housing costs, tax advantages, and other incremental expenses. [...]

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