Record Marblehead Million Dollar Sales

In line with my forecasts during the year, sales of Million Dollar houses in Marblehead reached a new record level in 2014.

Source:MLS, Oliver Reports

Source:MLS, Oliver Reports

Over the last 2-3 years we have seen the normal trend in a recovering market. The improvement started at the lower end has since spread upwards, reaching the upper end in 2014.

At the highest level, however, there are substantial variations. On the one hand are modernized, well-protected houses that are selling at good prices. But houses that need substantial work or need completely redoing, or which have weather-related exposures which are better understood with all the publicity given to flood insurance in the last few years, are selling at what can appear to be bargain levels.

Truly at the top end, buyers need to be aware of what they are getting – and they seem to be.

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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