North Shore Mass Single Family SOLD Stats….Eye Opener!

March 18, 2010

                North Shore Single Family Average Sold Prices 2008-2009

A report in the ‘North Shore Realtor News’ reveals the eye opening truth of  SOLD prices for northshore properties in the past year.

                         Average ’08                     Average ’09           % +/-

January           $466,313                        $371,377             -20.4%

February         $385,500                        $422,249               9.5%

March              $371,320                        $312,364              -15.9%

April                 $413,283                        $341,140              -17.5%

May                  $402,179                        $343,202              -14.7%

June                 $399,482                        $359,726               -10.0%

July                  $398,586                        $341,583                -14.3%

August             $411,115                        $383,079                -6.8%

September      $380,571                         $365,198               -4.0%

October            $376,100                        $408,078                8.5%

November       $400,273                         $366,810                -8.4%

December        $358,193                        $412,603                15.2%

Over all average   $396,810                   $368,951               -7.0%

KEY POINTS:

  • In December February and October sold prices of single family homes have increased. 
  • For the year we home prices have dropped 7% year over year.

 

Next Blog we will take a look a Condominium average sale prices for the past year.

When you decide you would like to start the preliminary steps with an up to date market analysis, contact me at 978-882-4075 or visit my informative state of the art website at

www.MikeQuail.com  for an infinite amount of helpful tips and related links.  There’s no time like the present to sit with me and talk about your Real Estate needs. For more information on trends in Real Estate that can effect you and your family, go to www.MikeQuail.com

www.Soldin62Days.com

Covering North Shore towns of Beverly, Danvers, Salem, Wenham, Peabody, Swampscott, Hamilton, Topsfield, Rowley, Lynnfield, Georgetown, and Marblehead.

Today’s Real Estate market values are changing and with this in mind a CMA is even more important than in the past.  Know the facts, make a plan and hire Mike Quail for the ‘know how’ to get the job done.

 BUYERS…………..For a FREE List of FORECLOSED homes for sale check out www.NorthShoreForeclosureList.com 

SELLERS……………For a FREE INSTANT HOME VALUE www.MikeQuail.com and click INSTANT HOME VALUE

And remember…….“LEAVE THE SALE TO QUAIL!”


Salem, MA Single Family Stats…Things are Looking UP!

March 12, 2010

Single Family On Market Comparission Stats

               03/8/2009                                               03/8/2010

Number of Listings: 54                                 Number of Listings: 63

Days on Market: 143                                     Days on Market: 125

Median Price:  $317,500                             Median Price:  319,000

KEY POINTS:

  • 15% increase in active listings showing a 9 month inventory (this is a positive stat for buyers) The more choices a buyer has, the better.
  • 13% Decrease in days on market
  • A balanced Median Price with a slight increase

Stats for SOLD Listings For the Past 6 Months

     Number of Listings Sold: 69                     Avg. Days on Market: 106

     Median Price: $292,000           Sale Price:Original Price Ration: 93%

When you decide you would like to start the preliminary steps with an up to date market analysis, contact me at 978-882-4075 or visit my informative state of the art website at

www.MikeQuail.com  for an infinite amount of helpful tips and related links.  There’s no time like the present to sit with me and talk about your Real Estate needs. For more information on trends in Real Estate that can effect you and your family, go to www.MikeQuail.com

www.Soldin62Days.com

Covering North Shore towns of Beverly, Danvers, Salem, Wenham, Peabody, Swampscott, Hamilton, Topsfield, Rowley, Lynnfield, Georgetown, and Marblehead.

Today’s Real Estate market values are changing and with this in mind a CMA is even more important than in the past.  Know the facts, make a plan and hire Mike Quail for the ‘know how’ to get the job done.

 BUYERS…………..For a FREE List of FORECLOSED homes for sale check out www.NorthShoreForeclosureList.com

 SELLERS……………For a FREE INSTANT HOME VALUE www.MikeQuail.com and click INSTANT HOME VALUE

And remember…….

“LEAVE THE SALE TO QUAIL!”

 

 


Salem MA Condos For Sale Stats. Fun!

March 5, 2010

Salem Condos On The Market Statistics

         03/04/2009                          03/04/2010

 Number of Listings: 134                           Number of Listings: 151

 Average Days on Market: 158                 Average Days on Market: 141

 Median Price:  $239,450                            Median Price: $229,000

KEY POINTS:

  • 10% Increase in Inventory from last year at this time
  • Days on market are down slightly from last year at this time
  • A noticable 10% decrease in price from last year at this time

A Six Month Snap Shot of Sold Salem Condos

 Number of Sold Listings: 120                   Avg. Days on Market: 134

 Average Sale Price: $223,563               Average List Price: $232,548

                                          Sold Price : Original Price Ratio: 92%

                                          Sold Price : List Price Ratio: 96%

Conclusion:  The Market for Condos is attractive to buyers as inventory numbers remain at higher levels. We will need to see a decrease in inventory to see prices stabilize. 

When you decide you would like to start the preliminary steps with an up to date market analysis, contact me at 978-882-4075 or visit my informative state of the art website at

www.MikeQuail.com  for an infinite amount of helpful tips and related links.  There’s no time like the present to sit with me and talk about your Real Estate needs. For more information on trends in Real Estate that can effect you and your family, go to www.MikeQuail.com

www.Soldin62Days.com

Covering North Shore towns of Beverly, Danvers, Salem, Wenham, Peabody, Swampscott, Hamilton, Topsfield, Rowley, Lynnfield, Georgetown, and Marblehead.

Today’s Real Estate market values are changing and with this in mind a CMA is even more important than in the past.  Know the facts, make a plan and hire Mike Quail for the ‘know how’ to get the job done.

 BUYERS…………..For a FREE List of FORECLOSED homes for sale check out www.NorthShoreForeclosureList.com

 SELLERS……………For a FREE INSTANT HOME VALUE www.MikeQuail.com and click INSTANT HOME VALUE

 And remember…….“LEAVE THE SALE TO QUAIL!”

 

 

 

 


March 3, 2010

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