Blog :: 10-2020

Weekly Real Estate Market Update Suburbs North of Boston October 18-24

 

Here's a look at the real estate market for the suburbs north of Boston,  specifically Middlesex and Essex counties from October 18th through the 24th.  Last week we had 3,066 single family homes and condominiums available on the market, an increase of 4% compared to what we saw the week before.  To give you some perspective last year at this time we had close to 4,800 properties on the market.  Last week 659 new homes come on the market, a decrease of 13% compared to what we saw the week before. There was an increase of 15%  for pending homes as compared to the week before as 742  homes went pending last week. Overall 24% of the market did get absorbed through pending listings,  which shows it remains a strong seller's market.  

Things did go up slightly since last week and overall things are down slightly from the summer. However, going into November it is a very strong seller's market especially for the fall market that we're in.  If you are considering a move to the suburbs north of Boston give us a call at 617-275-3379.

 

 

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Weekly Real Estate Market Update for October 11-17, suburbs north of Boston

We're taking a look at the real estate market between October 11th and the 17th in the suburbs north of Boston, specifically Middlesex and Essex counties, for single-family homes and condominiums. So last week we had 2,955 homes available on the market, a slight increase of 2% compared to what we saw the week before. We had 755 new homes come on the market last week, no significant change from the week before. We did have 646 homes go pending that is a decrease of 13% compared to what we saw the week before.  Outside of holiday weeks we've seen numbers closer to 750 homes go pending every week.  So this is the first time in awhile that we've seen the numbers drop under 700.  Overall 22% of the market did get absorbed through pending listings. The week before it was 26% of the market. However, it still remains a strong seller's market. If you are considering buying a home, hang in there. However, keep in mind that we are still seeing multiple offers and the right homes are going for over asking. If you are considering a move to the suburbs north of Boston give us a call at 617-275-3379 or contact us here.

 

 

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For Sale! 51 Hopkins St., Reading, MA 01867

Welcome to 51 Hopkins Street in Reading! A sun-filled Cape style home with an updated interior and a great layout. The bright kitchen offers stainless steel appliances, granite counters and a place to gather at the center island. Completely open to the dining room, the layout is ideal for entertaining and family gatherings. The living room has built in bookcases surrounding the wood burning fireplace, perfect to take the chill out of winter nights. Upstairs there are two generous sized bedrooms with plenty of room for kids to share a room. The 3rd bedroom is downstairs and can also be used as an office. The garage is essential during New England winters. There is even additional potential in the walk out basement! Conveniently located with easy access to 93, 95 and Reading's commuter rail.

See more photos here!

Check the virtual tour here!

 

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8 Auburn St Medford, MA 02155 Off Market Listing

Welcome to 8 Auburn Street in West Medford! This Gambrel Style colonial offers a generous eat-in kitchen with plenty of storage and space to gather at the breakfast bar as well as a dining area for family dinners.  The family room boasts handsome details including crown moulding, beamed ceiling and fireplace. The front nook is an ideal space for virtual learning, or office work.   Upstairs, there are 3 spacious bedrooms, as well as a bonus space on the 3rd level, great for storage and a fun place as a kids playroom!  The backyard contains a perfect patio for backyard relaxing and entertaining, a yard for games and play and a shed for storage.   Convenient 1 car garage.  Located across the Street from Brooks Elementary and minutes away from so much including Whole Foods, restaurants, shopping, library, playground, & hiking at the Fells. The commuter rail provides easy access to Boston!

Click here for more details about this home!

Watch the video tour below!

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Weekly Real Estate Market Update Suburbs North of Boston

We're reviewing the market between September 27th through October 3rd for the suburbs north of Boston. Last week we had 2,937 homes available on the market an increase of 3% compared to the week before.  New listings decreased by 4%, compared to the previous week with 769 homes coming on the market. 746 homes went pending last week an increase of 3% compared to the week before. Overall 25% of the market did get absorbed last week through pending listings, which shows it remains a strong seller's market.  

The story hasn't changed much over the past few months the market has remained very stable and very strong for sellers. For buyers out there, the right properties are still getting multiple bids way over asking.  For sellers this could still be a great time to sell.  Watch the video below to learn more. 

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Social Distancing and The North of Boston Real Estate Market Week 28

We're taking a look at the week of September 20th through the 26th in the suburbs north of Boston.  Specifically, Middlesex and Essex counties for single-family homes and condominiums.  Last week we had 2845 homes available on the market, very similar to what the numbers were the week before. New listings decreased by 3% compared to the previous week with 800 homes coming on the market. The number of homes to go pending last week was 724 - a decrease of 11% compared to the week before. Overall 25 of the market out there did get absorbed through pending listings. Which shows that it remains a strong seller's market. Although that number ticked down slightly from what we've seen in the last few weeks, for sellers out there, if you are considering a move, we suggest coming on the market sooner rather than later.  Especially with the approaching holidays. For buyers out there there is a strong seller's market, we are seeing multiple offers all the way from Boston to New Hampshire.  

So if you are considering a move to the suburbs north of Boston give us a call at 617-275-3379.

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