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Blog :: 12-2020

3 Reasons to Be Optimistic about Real Estate in 2021

3 Reasons to Be Optimistic about Real Estate in 2021 | MyKCM


 

This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re experiencing a global pandemic, social unrest, an economic downturn, and natural disasters, just to name a few. The challenges brought on by the health crisis have also forced many homeowners to reevaluate their [...]

North of Boston Real Estate Market December 6-12, 2020

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We're taking a look at the north of Boston real estate markets, specifically Middlesex and Essex counties for single-family homes and condominiums during the week of December 6th through the 12th.  Last week, there were 2,150 homes available on the market, an increase of 3% from the week before. New listings decreased by 5.5% with 378 homes coming on the market. 494 homes went pending last week that is an increase of 25% from the week before. Overall, 23% of the market did get absorbed through pending listings which shows it remains a strong seller's market.  Last week was one of the better weeks that we've seen since October. So, if you're still looking for a home now is not the time to put your search on pause. Keep looking- and if you're thinking about selling your home over the next 12 months now is the time to come up with a plan. Sooner very well may be better than later for this upcoming year.  If you're considering a move to the suburbs north of Boston give us a call at 617-275-3379.

December 2020 Real Estate Market Update

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We're taking a look at the north of Boston real estate market's specifically for Middlesex and Essex counties and comparing November 2020 to November of 2019.  Total inventory, the amount of homes available for sale, went down close to 27%.  Days on market, the time it's taking homes to sell, averaged about 30 days, another decrease of 27%.  The amount of homes sold went up 12%. Median prices went up to $560,000 an increase of 12% from last November. 

This past November was definitely a lot stronger for sellers compared to November of 2019.  If you are considering a move to the suburbs north of Boston contact us!

The Stevens-Coolidge Place Community Spotlight

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We were thrilled to be invited to decorate a tree for The Stevens-Coolidge Place Holiday Stroll & Festive Parade of Trees in North Andover.  The Stevens-Coolidge Place has been a favorite to visit in any season, but the flower gardens are especially beautiful in the spring and summer seasons.  This holiday event is smaller than previous events but still a wonderful way to enjoy the holiday season safely outdoors.  If you visit be sure to bring some canned goods to leave at your favorite tree.  Canned goods will be donated to Neighbors in Need.  Along with this video The Stevens-Coolidge Place will be giving away 2 complementary tickets to a Friday night fire-spinning hike.  

Check out Facebook and Instagram pages for details. 

Are Home Prices Headed Toward Bubble Territory?

Are Home Prices Headed Toward Bubble Territory? | MyKCM


 

Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), [...]

2020 Toys for Tots Drive

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Photo by Barrett Ward on Unsplash

We hope you are staying healthy this holiday season! With the challenges facing so many families this year, we anticipate even more families will be in need this season.  If you are able, please consider donating a new unwrapped toy to our annual Marine Toys for Tots Drive. You can drop off toys in the back entrance at our Reading office, 248 Main St.  Or, our Andover office lobby located at 77 Main St.  New unwrapped toys will be picked up in Andover on Thursday December 10th, and Reading on Monday December 14th.  Thank you!

 

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