Beverly, Salem and Swampscott Housing Market Reports

In the world of small numbers it is necessary to be cautious about drawing too many conclusions. That is why, for example, I am not including percentage changes for the tables below. The message I take from these numbers is that, in general, the market continues to progress in an orderly manner.

Beverly

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

The increase in the median price of SFHs warrants further investigation. Here is the breakdown of sales by price:

source: MLS, Oliver Reports

source: MLS, Oliver Reports

Sales were down sharply in 2015, and the proportion of sales under $350,000 dropped from 46% of the total to 30%. Thus it would seem that the main reason for the jump in the median price was the change in the sales mix.

Salem

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

Swampscott

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

These numbers track broadly what happened both in Essex County and Massachusetts as a whole:

Essex County

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

Massachusetts

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

One town whose numbers were not in line with the broader trend was Marblehead. Read Marblehead Housing Review to learn why.

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

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