Swampscott Mid-Year Market Summary
[Click here to download a copy of this report.]Single Family Homes (SFH)
The median price of the SFHs sold in H1 2019 edged higher on lower sales.
Condos
Condo sales dropped sharply, in part only because of fewer sales at Avery.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Marblehead Mid-Year Market Summary
[Click here to download a PDF of this report.]Single Family Homes (SFH)
The median price of SFHs sold in Marblehead in H1 2019 increased 1.8% to a new record of $705,000. Sales increased from 85 to 100, a number in line with the 5-year average.
Condos
The 19 sales in H1 (down from 28 in H1 2018) occurred between $170,000 and $675,000.
NB Numbers in bold represent record levels
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
New Listings mid-week July 17
The slower pace of New Listings in the summer months continues:
Click below for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Open Houses Sunday July 14
Here are today’s Open Houses:
Click on the links below for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly New Homes
Lynn Open Houses
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Open Houses weekend July 13/14
Here the the weeknd’s Open Houses. An updated list for Sunday will be published tomorrow at 8:00 a.m.
Click on the links below for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly New Homes
Lynn Open Houses
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
New Listings after July 4
Here are the New Listings in the first week after July 4:
Click on the links below for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
New Listings mid-week July 10
Here are the first new listings after July 4:
Click on the links below for details:
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Open Houses Sunday July 6
A smattering of Open Houses today:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Swampscott Median Price: Flash Q2 Report
The preliminary numbers show that the median price of the Single Family Homes (SFH) sold in Swampscott in the first half of 2019 increased by less than 1% to a new high of $580,000. Sales dropped back to 2017 levels.
A full report will be published when the final numbers are available.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Open Houses weekend July 5/6
A small number of Open Houses this weekend. An updated schedule for Sunday will be posted as usual at 8 a.m. tomorrow.
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Marblehead Median Price: Flash Q2 Report
The preliminary numbers show that the median price of Single Family Homes (SFH) sold in Marblehead in the first half of 2019 increased 2% to a record $705,000, while sales recovered to 100, consistent with the number in most recent years.
A full report will be published as final numbers are reported.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Inventory growth slows
After 11 consecutive months of Year on Year (YOY) increases in the inventory of Single Family Homes (SFHs) for sale in the 34 cities and towns of Essex County, July saw a very slight decline – but still a decline, ending the streak at 11 months.
The first chart shows the numbers for the months of January to June; the second for July through December. While inventory is close to 2017 levels, it is still way below 2016 numbers.
Condos
There was no similar slowdown in the growth of Condos, possible because this is the segment of the market which sees most of the new supply, and the YOY number increased for the 14th consecutive month. That new supply helps to see inventory exceed 2017 levels, but it is still well below that of 2016.
Comment
One of my favourite comments is the importance of understanding the difference between relative and absolute. In this case, while there may be relatively more SFHs and Condos for sale than a year ago, in absolute terms the number is still very low.
If we accept “conventional wisdom” that a market in equilibrium between buyers and sellers has 6 months of supply, the market is still heavily slanted in favour of sellers. The supply at July 1st in Essex County for SFHs was a little over 2 months while for condos it was a little below 2 months.
But that is the starting point for a more detailed analysis, as conditions vary greatly by price and by town.
Check back tomorrow for a breakdown of supply at different price points for North Shore towns.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
New Listings week ending July 6
Just a trickle of New Listings, but one of these might be the one you have been waiting for:
Click on these links for details:
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Would you pay $40 million for a Parking Lot?
A $40 million parking lot on the corner of Newbury and Dartmouth Streets in Boston has been sold according to this Boston Globe article.
The sale price values the land at $120 million. Now if you are thinking that your 10,000 sq.ft. lot in Marblehead or Swampscott is worth $28 million…. dream on. Call me only if you want to buy a bridge.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Pre-Revolutionary Marblehead house for sale
July 4 is the perfect time to consider buying this Pre-Revolutionary Marblehead house. It is a perfect blend of old and new – and even has a double garage. There is an Open House this Saturday, July 6, 11:30 -1:00.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com
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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