2019 Market Reports

Q1 2019
Marblehead Q1 2019 Housing Market Review
[Click here to download a pdf of this review.]\
The median price of SFH sold in Marblehead in Q1 2019 was $602,500. This compared with $730,000 in Q1 2018 and $605,000 in Q1 2017, a clear indication of the quarterly fluctuations that can occur, especially during the winter months, when the number of sales is small.
There were just 5 condo sales in Q1 (and one of those was a foreclosure) compared with 11 in 2018 and 8 in 2017. Condo sales occurred between $290,000 and $630,000. One of the sales occurred above list price.

Swampscott Q1 2019 Housing Market Review
[Click Swampscott Q1 2019 Housing Market Review to download a pdf of this report] Q1 is always the slowest quarter of the year for sales, but in 2019 that was especially true in Swampscott. Sales of Single Family Homes (SFH) dropped from 22 to 14 and of Condos from 20 to 10. There were no condo sales at Avery included in either year.

Salem Q1 2019 Housing Market Review
[Click Salem Q1 2019 Housing Market Review to download a pdf of this report.] The median price of Single Family Homes (SFH) sold in Q1 2019 increased 4% compared with Q1 2018 to
$445,500. Sales of SFH declined from 41 to 36.
The median price of condos declined 2% to $317,500 Year-over-Year while condo sales were sharply lower at 57 compared with 78 in the prior year

Beverly Q1 2019 Housing Market Review
[Click Beverly Q1 2019 Housing Market Review to download a pdf of this report.] The median price of the Single Family Homes (SFH) sold in Q1 2019 increased 15% compared with Q1 2018 to $525,000, the first time Beverly has recorded a quarterly median price above $500,000. Sales of SFHs, however, dropped from 53 to 37.
The median condo price jumped 26% to $372,450 compared with $295,000 in 2018 and $430,900 in 2017, when there were 18 sales at Elliott Landing, mostly over $500,000. While the impact of Elliott Landing has washed out of the numbers, there are several upscale conversions taking place in Beverly and these carry a higher sales price than the older, less luxurious condos. Condo sales were steady at 24 vs 25 in 2018.

Lynn Q1 2019 Housing Market Report
The median prices of both SFHs and Condos sold in Q1 2019 were sharply higher than a year ago (in what was the lowest Quarter of the year), but only slightly above the levels in the second half of 2018.

Essex County Q1 2019 Housing Market Review
[Click Essex County Q1 2019 Housing Market Report to download a pdf of this report] The median price of the Single Family Homes (SFH) sold in the 34 cities and towns of Essex County in Q1 2019 increased 2.9% to $445,000, while sales were almost exactly the same as a year ago.
The median price of Condos/Townhomes sold in Q1 2019 increased 8.2%, to $305,000. Sales declined by 4% from Q1 2018.

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