For November's Community Spotlight Michelle finally crossed Mill River Winery off her fall bucket list! It was a perfect afternoon to enjoy a wine flight plus their delicious snacks and small bites. The winery remains open for outdoor seating, don’t worry- they have patio heaters plus fire pit tables to keep you warm! Mill River Winery is giving away two free tasting cards and wine glasses! Please visit our Facebook and Instagram pages for details on how to enter! We'll announce a winner Tuesday November 24th, Good luck!
“Election results will lift the victors and devastate the party of the unsuccessful. It will not impact our local housing market,” proclaims Linda O’Koniewski, CEO Leading Edge. “Covid restrictions are dictated by the state. The work-from-home culture, appetite for more outdoor space, and the desirability of properties with home offices, views and more functional space determine our market neighborhood by neighborhood. Fueled by high demand, low supply and crazy, inexpensive borrowing power, some markets are red hot, while we see that some condos, particularly those that don’t reflect today’s trends, are starting to sit and price correct to sell. Sadly, we are going to start to see the financial impact of job loss on the market very soon, when people who cannot afford their mortgage decide to move.”
Check out the weekly market real estate market report for the suburbs north of Boston here.
If you're considering a move in the suburbs north of Boston we'd love to hear from you!
The nation's largest generation began entering the housing market last year as they reached the age to marry and have children - two key drivers of homeownership. As the Wall Street Journal recently reported:
“Millennials, long viewed as perennial home renters who were reluctant or unable to buy, are now emerging as a driving force in the U.S. housing market’s recent
What a JOY to spend some time with Laura-Marie Small, owner of Kidcasso Art Studio! She's created a truly inspiring place for budding creatives of all ages. Kidcasso has two art studio locations north of Boston. Her original space is in Wakefield, MA and she show now has a second location in Andover, MA. Plus this fall she opened a learning pod center for young students in Wakefield. Let's get out and support these local businesses that make living north of Boston so special!! Laura-Marie has been so generous to giveaway an item from their upcoming gift shop Playcasso PLUS a month of free classes to one lucky winner.
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.
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.
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.
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!
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.
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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