Marblehead First Quarter Housing Market Report
In a very tight housing market, there were 35 Single Family Home (SFH) sales in Q1 2017, very consistent with the last two years. Because Q1 is the smallest quarter for sales numbers for the median price can – and do – fluctuate widely from year to year.
The next table shows the breakdown by price: the biggest changes from 2016 are the spike in sales between $500,000 and $750,000, and the sharp drop in sales over $1 million:
While 35 SFHs sold in Q1, there are currently 43 SFHs with sales pending, and 7 of these are listed over $1 million, so it is likely that what we saw in Q1 was just a matter of timing.
There were just 8 condo sales in Q1 which is why I do not report on condo sales in depth on a quarterly basis. There are a further 12 condo sales pending.
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
Are you thinking about selling? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer