Blog :: 07-2020

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

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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156 Green Street, Woburn, MA 01801 For Sale!

Great Bones! Great Location! Excellent potential!  Welcome to 156 Green Street. Sure this home needs work, however it remains fully functional and provides a blank slate not only for cosmetics but for layout as well.  Whether work is done immediately or over time, there is equity to be earned!  The first level consists of kitchen, living room, bedroom and dining room (that used to be a bedroom).  Upstairs, the master bedroom consists of the entire 2nd level and was once used as 2 bedrooms.  The finished basement offers additional living area.  The flat back yard is easily manageable with plenty of room for games and play. Convenient to public transportation, Route 93/95 and the trails at the Tri- Community Greenway!

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Click here to learn more about this property!

Send us a message for details or contact us at (617) 275-3379.

Watch the video virtual tour for 156 Green Street, Woburn, MA 01801 below!

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Social Distancing and The North of Boston Real Estate Market Week 18

        

We're taking a look at week 18 and the effect of social distancing on the north of Boston real estate market. Specifically Middlesex and Essex counties, for single-family homes and condominiums. Last week we had 2,893 homes available on the market which is an increase of 8% compared to what we saw the week before. New homes to hit the market only had a slight increase of 1%, with 801 homes. Pending homes jumped up to 53% compared to the week before with 834 homes now pending. However, last week's numbers dropped due to the fourth of July weekend and that was in line of what we saw before the holiday weekend. Overall last week, 29% of the homes did get absorbed through a pending listings which does show it is still a very strong seller's market. So the obstacle that we've been running into lately is appraisals. The market has been moving a lot quicker than what the comps are suggesting. A lot of comps show homes that sold within the past six months, some from January and February of this year. The market's moving a lot quicker than that and we're finally starting to see some of these under agreement homes actually close. Which will make it a lot easier for appraisals in the near future. We do expect more closings by the end of the month to reflect today's market. If you are looking to buy or sell in the north of Boston market feel free to give us a call at 617-275-3379!

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Social Distancing and The North of Boston Real Estate Market Week 17

  We're taking a look at week 17 and the effect of social distancing on the north of Boston real estate market specifically Middlesex and Essex counties for single-family homes and condominiums. Last week we had 2609 homes available on the market which was a decrease of 15% compared to what we saw the week before.  We had 793 new listings come on the market, that was an increase of 232% compared to what we saw the week before.  However, it was more in line of what we saw the week before fourth of July. We had 544 homes go pending last week which is a decrease of 48%. However, again probably a result of fourth of July weekend. Overall we had 21% of the market go pending last week which does indicate it is still a strong seller's market.  Overall how did June compare to last June?  The amount of units sold went down close to 29% however inventory also went down close to 30%. The number of units sold went down likely because we have less inventory.  Days our market did go up close to 12%.  Median sale prices went up close to 3%.  Keep in mind what we saw the last week in June was closer to the ninth week of social distancing in mid-May.  Great news for sellers, as it remains a very strong seller's market.  For home buyers, it's been tough.  Low inventory means that many buyers are fighting over the same properties.   For strategies on moving to the suburbs north of Boston give us a call at 617-275-3379.  

If you're considering a move in the suburbs north of Boston we'd love to hear from you!

Call us at 617-275-3379 or Contact us here.

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

AndoverNorth AndoverNorth ReadingReadingWakefield and Stoneham

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Giveaway and Community Spotlight with Cherry Farm Creamery

National Ice Cream Day is this Sunday July, 19th! We thought it would be fun to check out Kelly's favorite ice cream spot Cherry Farm Creamery in Danvers, MA.  We took advantage of this month's Community Spotlight and took a quick trip to sample some ice cream for ourselves!  Cherry Farm Creamery is generously donating $25 to one lucky winner!  Be sure to check out our Facebook and Instagram pages to enter to win!  Good luck!

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For Sale! 11 Pine Ridge Road, Reading, MA 01867

Welcome to 11 Pine Ridge Rd!  Located in Reading's coveted West Side, this expanded cape exudes style & charm with a layout that's both spacious, yet practical. The eat-in kitchen is styled with timeless appeal with a modern touch, highlights stainless appliances, including a professional gas range and offers an island to gather for dinner or mingle with friends. The deck off the kitchen welcomes you for morning coffee and allows for seamless entertaining outdoors.  The piano designed great room is both uncommon and stunning! A perfect backdrop for holiday festivities & family gatherings.  4 bedrooms total w/ 2 bedrooms located on the 2nd level. The finished basement adds extra space perfect for a playroom, TV room, home office or exercise room. An efficient sized lot makes maintenance easy with plenty of side yard for kids play. Hardwood throughout. Convenient 1 car garage. Essential A/C! Minutes to Sturges playground, Joshua Eaton Elementary & convenient to Rt 93/95 & Commuter Rail.

Send us a message for details or contact us at (617) 275-3379.

Click here for more info on 11 Pine Ridge Road, Reading, MA 01867

See the 3D Tour Here!

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Social Distancing and The North of Boston Real Estate Market Week 16

  During week 16 we had 3,079 homes available on the market which is an increase of 2% compared to the week before.  Only 341 homes were newly listed last week, which was a huge decrease of 61%.  This was mostly due to the fourth of July holiday weekend.    Buyers were still out though and we had 873 homes go pending last week.  That is the third highest that we've seen all year and is an increase of 13% compared to what we saw the week before. Overall 28% of the market last week did get absorbed through pending listings which shows that it is a strong seller's market.   

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540 Main Street, Stoneham, MA 02180 For Sale!

Welcome to this classic colonial that offers a spacious layout and many updates!   The eat-in kitchen boasts granite, stainless steel appliances and room to linger at the breakfast bar.   The sunroom is great place to enjoy morning coffee and to start the day.  The dining room offers plenty of space for gathering with family and friends for dinner.   Upstairs there are 3 bedrooms, full bath, and an additional room,  ideal for a dressing room, or home office.  Fenced in yard, hardwood floors throughout and essential central air!  With many of the important updates already done, this home is truly move in ready.  Minutes to Stone Zoo and parks, and conveniently located making for an easy Boston commute!

Click here to learn more about this property!

Send us a message for details or contact us at (617) 275-3379.

Watch the video virtual tour for 540 Main Street, Stoneham, MA 02180 below!

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Social Distancing and The North of Boston Real Estate Market Week 15

So last week we had 3,009 properties available on the market, which is a decrease of
3% compared to the week before.  We had 874 new listings come on the market last week which is an increase of 3% compared to the week before.  771 homes went pending last week that is a decrease of 24% compared to the high that we saw last week of a 1,020.  Overall 26% of the market did get absorbed through pending listings just last week alone which indicates that
it is still a strong seller's market.  

We are getting asked a lot by sellers whether it makes sense to sell this year or wait until next year, maybe they are a little concerned that they've missed their mark.  A lot of people tend to put their search on hold as September approaches,  however this year things are still cranking along.  We anticipate a very busy summer. Obviously with Covid, the spring market started very late this year.  So my advice to home sellers, if you are considering a sale prices are on the rise, it makes sense to list now.  For buyers out there, it is a frustrating market. Feel free to reach us to call us for strategies

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