Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
20 WEEKLYNEWS.NET - 978-532-5880 FEBRUARY <strong>15</strong>, 20<strong>18</strong><br />
On the Move in 20<strong>18</strong>!<br />
Will 20<strong>18</strong> be the year that you outgrow your<br />
current space and trade up to a larger home? Or<br />
will it be the year when you finally decide to<br />
Wmove ahead with plans to downsize?<br />
Whatever type of move you are looking to make in the<br />
coming months, you can be sure that you won’t be alone.<br />
According to forecasts from some of the nation’s top<br />
housing experts, 20<strong>18</strong> will prove to be another robust<br />
year for real estate activity that will result in a record<br />
amount of sales.<br />
We can attest that low interest rates and an expanding<br />
economy have combined to create significant momentum<br />
in our local real estate market. We are seeing growing<br />
consumer demand across all price ranges and for every<br />
type of housing.<br />
However, despite the optimistic outlook, our region and local real estate market will<br />
not be without challenges. Affordability, lack of new construction and demographic<br />
trends are all concerns.<br />
However, the biggest obstacle holding most people back is the lack of inventory.<br />
Overall, our state’s housing inventory has declined for 70 consecutive months.<br />
Many individuals who would like to move ahead<br />
with their plans and put their homes on the market<br />
are hesitant given that there are so few purchase<br />
options. Its hard to move forward without first<br />
knowing where you are going to go.<br />
In order to successfully overcome this and other<br />
problems, working with a knowledgeable and<br />
experienced agent can make all the difference. We<br />
had some great success stories in 2017, helping our<br />
clients achieve their goals and dreams.<br />
If you are thinking about a move in 20<strong>18</strong> give any of<br />
our agents a call to get the best advice and planning<br />
options. We stand ready to assist should you need<br />
any guidance navigating the real estate market<br />
anywhere on the North Shore.<br />
Finally, we would like to thank everyone we worked with to buy and sell homes over<br />
the past year. Thanks for making 20<strong>18</strong> one of our best so far.<br />
We would also like to recognize the tremendous support we consistently receive from<br />
out past customers. Thank you for the many referrals!<br />
We have come a long way since we first opened our doors in 1952 but have never lost<br />
sight of our core mission to provide the very best personal care to our clients. We are<br />
extremely fortunate to have earned the trust of generations of families. Thank You!<br />
Hope to see you in 20<strong>18</strong>!<br />
Richard Tisei<br />
Broker/Owner - Northrup Associates<br />
“...20<strong>18</strong> will<br />
prove to be<br />
another robust<br />
year for real<br />
estate activity<br />
that will result in<br />
a record amount<br />
of sales.”<br />
<strong>Peabody</strong><br />
Real Estate<br />
Review - 2017<br />
PEABODY<br />
MARKET<br />
STATISTICS<br />
PEABODY<br />
SINGLE FAMILY<br />
HOME SALES<br />
BY SIZE OF<br />
HOME<br />
PEABODY<br />
SINGLE FAMILY<br />
HOME SALES BY<br />
PRICE RANGE<br />
Price Range<br />
2016 2017 Diff.<br />
Number of Homes Sold 351 417 19%<br />
Average List Price $359,567 $423,198 <strong>18</strong>%<br />
Average Sale Price $396,031 $423,258 7%<br />
Average Days on Market 49 36 -27%<br />
Number of Sales over $600K 8 28 250%<br />
# Homes<br />
$0 - $299,999 32<br />
$300 - $399,999 <strong>15</strong>1<br />
$400 - $499,999 149<br />
$500 - $599,999 57<br />
$600 - $699,999 25<br />
$700 - $799,999 3<br />
# of Bedrooms Average Sales Price # Sold<br />
1 Bedroom $0 0<br />
2 Bedroom $317,4<strong>15</strong> 36<br />
3 Bedroom $407,847 250<br />
4 Bedroom $475,288 104<br />
5 Bedroom $498,504 20<br />
6 Bedroom $524,000 5<br />
7 Bedroom $530,000 1<br />
8 Bedroom $560,000 1<br />
PEABODY<br />
SINGLE FAMILY<br />
HOME SALES<br />
BY YEAR<br />
Year Homes<br />
2017 417<br />
2016 352<br />
20<strong>15</strong> 377<br />
2014 364<br />
2013 339<br />
2012 331<br />
2011 240<br />
2010 213<br />
2009 278<br />
2008 255<br />
2007 268<br />
2006 281<br />
2005 354<br />
2004 306<br />
2003 328<br />
2002 264<br />
PEABODY<br />
SINGLE<br />
FAMILY<br />
HOMES,<br />
CLOSINGS<br />
BY MONTH<br />
January 32<br />
February 17<br />
March 20<br />
April 23<br />
May 33<br />
June 50<br />
July 54<br />
August 47<br />
September 35<br />
October 42<br />
November 41<br />
December 23<br />
SINGLE FAMILY REGIONAL HOME SALES<br />
2016 2017 Sales 2016 2017 Avg. Sales 2016 2017 DOM<br />
Sales Sales Avg Price Avg Price Price<br />
Andover 369 375 2% $657,992 $695,805 6% 72 54 -25%<br />
Boxford 131 128 -2% $657,326 $673,510 2% 108 90 -17%<br />
Danvers 221 231 5% $452,142 $482,416 7% 53 43 -19%<br />
Lynn 592 616 4% $294,225 $329,160 12% 63 38 -40%<br />
Lynnfield 121 <strong>15</strong>7 30% $708,330 $712,759 1% 61 52 -<strong>15</strong>%<br />
Melrose 267 209 -22% $572,814 $650,378 14% 36 29 -19%<br />
Middleton 71 77 8% $657,326 $638,751 -3% 108 62 -43%<br />
North<br />
Reading<br />
<strong>18</strong>0 178 -1% $565,906 $596,627 5% 63 49 -22%<br />
<strong>Peabody</strong> 351 417 19% $396,031 $423,258 7% 49 36 -27%<br />
Reading 223 254 14% $543,702 $634,243 17% 42 31 -26%<br />
Saugus 279 273 -2% $414,823 $437,704 6% 56 35 -38%<br />
Stoneham <strong>18</strong>7 176 -6% $508,3<strong>15</strong> $554,342 9% 48 40 -17%<br />
Topsfield 78 79 1% $626,386 $687,885 10% 82 78 -5%<br />
Wakefield 231 223 -3% $513,956 $534,973 4% 48 34 -29%<br />
Donna Aloisi<br />
Bert Beaulieu<br />
Cheryl Bogart<br />
Helen Bolino<br />
Bernie Starr - Broker/Owner • Richard Tisei - Broker/Owner<br />
Kim Burtman<br />
Christine Carpenter<br />
Kerry Connelly<br />
Julie Daigle<br />
Alex DeRosa<br />
Marshall D'Avanzo<br />
Elena Drislane<br />
Lori Kramich<br />
John Langer<br />
Eric Doherty Corrie Luongo<br />
Penny McKenzie-Venuto Carolyn Palermo<br />
Maria N. Miara Marcia Poretsky<br />
Catherine Owen Jaclyn Prizio<br />
Marilyn Phillips Gale Rawding<br />
Northruprealtors.com • 26 Main Street, Lynnfield • (781) 334-3137 & (781) 246-2100<br />
Maureen Rossi-DiMella<br />
Ron Supino<br />
Patrice Slater<br />
Donna S nyder<br />
Debra Roberts
Change language