North Shore Mass Single Family SOLD Stats….Eye Opener!

March 18, 2010

North Shore Single Family Average Sold Prices 2008-2009

A report in the ‘North Shore Realtor News’ reveals the eye opening truth of SOLD prices for northshore properties in the past year.

Average ’08 Average ’09 % +/-

January $466,313 $371,377 -20.4%

February $385,500 $422,249 9.5%

March $371,320 $312,364 -15.9%

April $413,283 $341,140 -17.5%

May $402,179 $343,202 -14.7%

June $399,482 $359,726 -10.0%

July $398,586 $341,583 -14.3%

August $411,115 $383,079 -6.8%

September $380,571 $365,198 -4.0%

October $376,100 $408,078 8.5%

November $400,273 $366,810 -8.4%

December $358,193 $412,603 15.2%

Over all average $396,810 $368,951 -7.0%

KEY POINTS:

In December February and October sold prices of single family homes have increased.
For the year we home prices have dropped 7% year over year.

Next Blog we will take a look a Condominium average sale prices for the past year.

When you decide you would like to start the preliminary steps with an up to date market analysis, contact me at 978-882-4075 or visit my informative state of the art website at

www.MikeQuail.com for an infinite amount of helpful tips and related links. There’s no time like the present to sit with me and talk about your Real Estate needs. For more information on trends in Real Estate that can effect you and your family, go to www.MikeQuail.com

www.Soldin62Days.com

Covering North Shore towns of Beverly, Danvers, Salem, Wenham, Peabody, Swampscott, Hamilton, Topsfield, Rowley, Lynnfield, Georgetown, and Marblehead.

Today’s Real Estate market values are changing and with this in mind a CMA is even more important than in the past. Know the facts, make a plan and hire Mike Quail for the ‘know how’ to get the job done.

BUYERS…………..For a FREE List of FORECLOSED homes for sale check out www.NorthShoreForeclosureList.com

SELLERS……………For a FREE INSTANT HOME VALUE www.MikeQuail.com and click INSTANT HOME VALUE

And remember…….“LEAVE THE SALE TO QUAIL!”

Leave a Comment » | Uncategorized | Tagged: real estate, massachusetts, beverly ma, danvers ma, market update, mike quail, Hamilton MA, Wenham MA, exit reliance realty, Lynnfield, Peabody, salem, marblehead, swampscott, soldin62days.com, sold in 62 days, Topsfield, Rowley, Georgetown, Average sold prices on the north shore | Permalink
Posted by northshorerealtyblog

Salem, MA Single Family Stats…Things are Looking UP!

March 12, 2010

Single Family On Market Comparission Stats

03/8/2009 03/8/2010

Number of Listings: 54 Number of Listings: 63

Days on Market: 143 Days on Market: 125

Median Price: $317,500 Median Price: 319,000

KEY POINTS:

15% increase in active listings showing a 9 month inventory (this is a positive stat for buyers) The more choices a buyer has, the better.
13% Decrease in days on market
A balanced Median Price with a slight increase

Stats for SOLD Listings For the Past 6 Months

Number of Listings Sold: 69 Avg. Days on Market: 106

Median Price: $292,000 Sale Price:Original Price Ration: 93%

When you decide you would like to start the preliminary steps with an up to date market analysis, contact me at 978-882-4075 or visit my informative state of the art website at

www.Soldin62Days.com

Covering North Shore towns of Beverly, Danvers, Salem, Wenham, Peabody, Swampscott, Hamilton, Topsfield, Rowley, Lynnfield, Georgetown, and Marblehead.

BUYERS…………..For a FREE List of FORECLOSED homes for sale check out www.NorthShoreForeclosureList.com

SELLERS……………For a FREE INSTANT HOME VALUE www.MikeQuail.com and click INSTANT HOME VALUE

And remember…….

“LEAVE THE SALE TO QUAIL!”

Leave a Comment » | Uncategorized | Tagged: massachusetts, beverly ma, danvers ma, mike quail, Hamilton MA, Wenham MA, exit reliance realty, North Shore Foreclosures, Mike Quail Branded Vehicle, Lynnfield, salem, marblehead, soldin62days.com, Topsfield, Rowley, Georgetown, Salem sold stats, Salem properties for sale | Permalink
Posted by northshorerealtyblog

Salem MA Condos For Sale Stats. Fun!

March 5, 2010

Salem Condos On The Market Statistics

03/04/2009 03/04/2010

Number of Listings: 134 Number of Listings: 151

Average Days on Market: 158 Average Days on Market: 141

Median Price: $239,450 Median Price: $229,000

KEY POINTS:

10% Increase in Inventory from last year at this time
Days on market are down slightly from last year at this time
A noticable 10% decrease in price from last year at this time

A Six Month Snap Shot of Sold Salem Condos

Number of Sold Listings: 120 Avg. Days on Market: 134

Average Sale Price: $223,563 Average List Price: $232,548

Sold Price : Original Price Ratio: 92%

Sold Price : List Price Ratio: 96%

Conclusion: The Market for Condos is attractive to buyers as inventory numbers remain at higher levels. We will need to see a decrease in inventory to see prices stabilize.

When you decide you would like to start the preliminary steps with an up to date market analysis, contact me at 978-882-4075 or visit my informative state of the art website at

www.Soldin62Days.com

Covering North Shore towns of Beverly, Danvers, Salem, Wenham, Peabody, Swampscott, Hamilton, Topsfield, Rowley, Lynnfield, Georgetown, and Marblehead.

BUYERS…………..For a FREE List of FORECLOSED homes for sale check out www.NorthShoreForeclosureList.com

SELLERS……………For a FREE INSTANT HOME VALUE www.MikeQuail.com and click INSTANT HOME VALUE

And remember…….“LEAVE THE SALE TO QUAIL!”

Leave a Comment » | Uncategorized | Tagged: beverly ma, danvers ma, mike quail, exit realty, Hamilton MA, Wenham MA, Mike Quail Branded Vehicle, Lynnfield, Tax Credit Stimulus, salem, marblehead, swampscott, soldin62days.com, Topsfield, Georgetown, MARKET STATS, Salem Condo Statistics, Peabody Condo Statistics, Danvers Condo Statistics, Sellers & buyers | Permalink
Posted by northshorerealtyblog

March 3, 2010

testing ping.fm did it work?

Leave a Comment » | Uncategorized | Permalink
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Single Family Homes for Sale in Peabody Show a Rise in Price….

February 26, 2010

Peabody Single Family Homes On Market 12 Month Comparision

02/26/2009 02/26/2010

Number of Listings: 91 Number of Lisitngs: 66

Median Price: $325,000 Median Price: $369,000

Average Days on Market: 166 Average Days on Market: 79

Key Points:

Days on Market are half from last year at this time..WOW
30% LESS Inventory compared to last year at this time
The median price shows a more than 10% Rise in price

Sold Single Family Stats for past 6 Months

# of Listings: 125
Average days on market: 90
Median Price: $315,000
Sale Price vs. Original Price Ratio: 95%

A reminder on the Tax Credit: If you are thinking of taking advantage of this, the deadline is April 30,2010. A buyer must have a P&S fully executed by this date to qualify and the property must close by June 30, 2010. Click on the link below for more information.

http://www.irs.gov/newsroom/article/0,,id=215791,00.html

When you decide you would like to start the preliminary steps with an up to date market analysis, contact me at 978-882-4075 or visit my informative state of the art website at

www.Soldin62Days.com

Covering North Shore towns of Beverly, Danvers, Salem, Wenham, Peabody, Swampscott, Hamilton, Topsfield, Rowley, Lynnfield, Georgetown, and Marblehead.

BUYERS…………..For a FREE List of FORECLOSED homes for sale check out www.NorthShoreForeclosureList.com

SELLERS……………For a FREE INSTANT HOME VALUE www.MikeQuail.com and click INSTANT HOME VALUE

And remember…….“LEAVE THE SALE TO QUAIL!”

Leave a Comment » | Uncategorized | Tagged: massachusetts, beverly ma, danvers ma, mike quail, exit realty, Hamilton MA, Wenham MA, first time home buyer, Lynnfield, Peabody, Tax Credit Stimulus, salem, marblehead, soldin62days.com, sold in 62 days, Topsfield, Rowley, Georgetown, Tax insentive | Permalink
Posted by northshorerealtyblog

Peabody Condo Stats – An Example of the Market

February 23, 2010

Last year at this time compared to today, the condo market in Peabody..

2/23/2009 2/23/2010

Number of Listings : 68 Number of listings: 49

Median Price: $257,400 Median Price: $235,000

Average Days on Market: 329 Average Days on Market: 178

KEY POINTS:

20% less listings today
Median Price down by 10%
Almost half the legnth of time on market this year.

A Snap Shot of the Past 6 Months for SOLD Condos

Number of Listings SOLD: 67 Avg. Days on Market: 157

Median Price: $230,000 Sale Price: Original Price- 95%

KEY POINTS:

Sellers seem to be slowly and reluctently lowering their prices to meet buyer demand.
The days on market are reasonably less than last year, but could be a lot better.

When you decide you would like to start the preliminary steps with an up to date market analysis, contact me at 978-882-4075 or visit my informative state of the art website at

www.Soldin62Days.com

Covering North Shore towns of Beverly, Danvers, Salem, Wenham, Peabody, Swampscott, Hamilton, Topsfield, Rowley, Lynnfield, Georgetown, and Marblehead.

BUYERS…………..For a FREE List of FORECLOSED homes for sale check out www.NorthShoreForeclosureList.com

SELLERS……………For a FREE INSTANT HOME VALUE www.MikeQuail.com and click INSTANT HOME VALUE

And remember…….

“LEAVE THE SALE TO QUAIL!”

Leave a Comment » | Uncategorized | Tagged: danvers ma, exit realty, Hamilton MA, Lynnfield, marblehead, market update, mike quail, real estate, salem, swampscott, Topsfield, Wenham MA | Permalink
Posted by northshorerealtyblog

Danvers Single Family Sales Hold Steady

February 16, 2010

As compared to a year ago at this time, the number of single family homes on the market in Danvers is about the same. Here are the stats:

DANVERS SINGLE FAMILY HOMES:

02/15/2009 02/15/2010

Number of Listing: 60 Number of Listings: 62

Median Price: $389,000 Median Price: $370,000

Days on Market: 169 Days on Market: 158

Key Points:

Days on Market are slightly lower
Median price is slightly lower
Across the board, stats are down, but steady

A steady, well balanced market is good news for both seller and buyer.

DANVERS SOLD SINGLE FAMILY HOMES STATS:

6 MONTH VEIW

Number of Listings SOLD: 89

Median Price: $335,000

Average Days on Market(DOM) 116

Price Ratio: 91%

However between 300K-350K they are selling at 96% of asking. Hence a strong sellers market at that price range.

Key Points:

On average 15 homes per month were sold on Danvers
Average days on market are much lower compared to Beverly 210 days.
“Leave the Sale to Quail!” j/k just making sure you are awake.

When you decide you would like to start the preliminary steps with an up to date market analysis, contact me at 978-882-4075 or visit my informative state of the art website at

www.Soldin62Days.com

Covering North Shore towns of Beverly, Danvers, Salem, Wenham, Peabody, Swampscott, Hamilton, Topsfield, Rowley, Lynnfield, Georgetown, and Marblehead.

BUYERS…………..For a FREE List of FORECLOSED homes for sale check out www.NorthShoreForeclosureList.com

SELLERS……………For a FREE INSTANT HOME VALUE www.MikeQuail.com and click INSTANT HOME VALUE

And remember…….

“LEAVE THE SALE TO QUAIL!”

Leave a Comment » | Uncategorized | Tagged: beverly ma, danvers ma, mike quail, realtor, real estate agent, exit realty, Hamilton MA, real estate prices, the quail home selling, danvers single family homes, average price danvers homes, prices in danvers ma homes, home statistics for danvers homes | Permalink
Posted by northshorerealtyblog

4 Reasons To Sell Now

February 12, 2010

4 Reasons

to Sell Now

Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign.

1. Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he’ll be in better shape.

2. Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment assistance for lower-income and first-time home buyers. Programs vary all over the country, but one good way to find them is to search online for “down-payment assistance programs” and the name of your region.

3. Your uncle has money to share. Besides the $8,000 first-time home buyer tax credit and the $6,500 move-up credit, there are an array of energy tax credits that can make home improvements pay off in cash.

4. Good help is available. Really talented real estate practitioners, contractors, and designers are available and eager for business.

Source: McClatchy Tribune, Kate Forgach (02/07/2010)

Leave a Comment » | Uncategorized | Tagged: danvers ma, exit realty, first time home buyer, Hamilton MA, mike quail, real estate agent, real estate agent sells fast, salem, sell home, sell home beverly ma, sell home danvers ma, Tax Credit Stimulus, the quail home selling | Permalink
Posted by northshorerealtyblog

Market Stats For Condominiums in Danvers, Ma.

February 10, 2010

Condos sales in Danvers were overall slightly lower than in Beverly.

DANVERS CONDO ON THE MARKET SNAPSHOT

02/08/2009 02/08/2010

Number of Listings: 39 Number of Listings: 36

Average Days on Market: 227 Average Days on Market: 114

Median Asking Price: $279,900 Median Asking Pride: $269,450

KEY POINTS:

- About the same number of listings on the market today as last year at this time.

- The Median Price had only a $10,000 price difference.

Condo sellers have dropped their asking price in an effort to meet buyer demand levels. Good news for buyers looking to buy a condo in Danvers. Plenty of inventory to choose from and prices are down. Buyers should ask their mortgage originator about mortgage rates and the first and second time buyer tax credit stimulus. Time is of the essence…

- Days on Market is the focus for today: The difference in days on market is a huge 113 days today from last year at this time. This means properties are selling quicker and sellers are able to move on with their plans faster with hopefully less headaches.

Danvers SOLD Condos in the Past 6 Months

SOLD: 36 DOM: 172 EXPIREDS: 29
AVERAGE ASKING PRICE: $278,410
AVERAGE SALE PRICE: $269,824

It is my hope that these reports will be extremely helpful for you or someone you know who may be thinking of selling or buying. My goal is to help in making that decision a little less cloudy. Of course the best and most effective way to accomplish this is to sit with Mike Quail and discuss your individual real estate needs. Please feel free to call us or email for an appointment to consult and pick Mike’s brain. The Quail Team loves referrals and a challenge.

When you decide you would like to start the preliminary steps with an up to date market analysis, contact me at 978-882-4075 or visit my informative state of the art website at

www.Soldin62Days.com

Covering North Shore towns of Beverly, Danvers, Salem, Wenham, Peabody, Swampscott, Hamilton, Topsfield, Rowley, Lynnfield, Georgetown, and Marblehead.

BUYERS…………..For a FREE List of FORECLOSED homes for sale check out www.NorthShoreForeclosureList.com

SELLERS……………For a FREE INSTANT HOME VALUE www.MikeQuail.com and click INSTANT HOME VALUE

And remember…….

“LEAVE THE SALE TO QUAIL!”

Leave a Comment » | Uncategorized | Tagged: beverly ma, danvers ma, market update, exit realty, Hamilton MA, real estate prices, Lynnfield, salem, marblehead, swampscott, soldin62days.com, how to sell northshore property fast, Mortgage rates, MARKET STATS, danvers condo for sale | Permalink
Posted by northshorerealtyblog

Today’s Market Stats For Beverly Single Family Homes

February 4, 2010

As promised, here is a look at Single Family Homes in Beverly

BEVERLY SINGLE FAMILY ON MARKET SNAPSHOT

02/04/2009 02/04/2010

Number of Listings: 105 Number of Listings: 81

Average Days on Market: 222 Average Days on Market: 209

Median Asking Price: $450,000 Median Asking Price: $525,500

KEY POINTS:

- Less Inventory This year

- Better for Sellers Less Competition

- DOM: Slightly, no big change

- 4.1 Month Inventory Makes for a Fairly Balanced Market

SOLD STATS LAST 6 MONTHS SINGLE FAMILIES

Total Sold: 94

Average Price: $768,319

Price Ratio: 94%

Average Days On Market: 210

Expired Listings: 50

Key Points:

- On Average 20 Single Family Homes sell per month in Beverly

- Above 3 months of Inventory is a ‘Buyer’s Market’, right now thare are 4.1 Months of Inventory.

- Average Days on Market is 75 showing a huge drop. Sellers have lowered prices to match buyer demand.

Conclusions: Great time to buy and sell single family homes in Beverly for Single Family Homes as we have a somewhat Balanced Market. Whenever the seller and buyer can agree on a price quickly, that gives the economy a shot of espresso.

It’s important for both Seller and buyer to have the right Realtor representing them in any Real Estate Transaction.

Again, it is my hope that these reports will be extremely helpful for you or someone you know who may be thinking of selling or buying. My goal is to help in making that decision a little less cloudy. Of course the best and most effective way to accomplish this is to sit with Mike Quail and discuss your individual real estate needs. Please feel free to call us or email for an appointment to consult and pick Mike’s brain. The Quail Team loves referrals and a challenge.

When you decide you would like to start the preliminary steps with an up to date market analysis, contact me at 978-882-4075 or visit my informative state of the art website at

www.Soldin62Days.com

Covering North Shore towns of Beverly, Danvers, Salem, Wenham, Peabody, Swampscott, Hamilton, Topsfield, Rowley, Lynnfield, Georgetown, and Marblehead.

BUYERS…………..For a FREE List of FORECLOSED homes for sale check out www.NorthShoreForeclosureList.com

SELLERS……………For a FREE INSTANT HOME VALUE www.MikeQuail.com and click INSTANT HOME VALUE

And remember…….

“LEAVE THE SALE TO QUAIL!”

Leave a Comment » | Uncategorized | Tagged: real estate, beverly ma, danvers ma, market update, exit realty, Hamilton MA, first time home buyer, exit reliance realty, the quail home selling, Lynnfield, marblehead, soldin62days.com, how to sell northshore property fast, winter home sales, beverly 2010 market update, beverly homes for sale, beverly ma homes for sale, beverly mls, beverly single family homes | Permalink
Posted by northshorerealtyblog

North Shore Realty Blog

North Shore Mass Single Family SOLD Stats….Eye Opener!

Salem, MA Single Family Stats…Things are Looking UP!

Salem MA Condos For Sale Stats. Fun!

Salem Condos On The Market Statistics

03/04/2009 03/04/2010

Single Family Homes for Sale in Peabody Show a Rise in Price….

Peabody Condo Stats – An Example of the Market

Danvers Single Family Sales Hold Steady

4 Reasons To Sell Now

4 Reasons

to Sell Now

Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign.

1. Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he’ll be in better shape.

3. Your uncle has money to share. Besides the $8,000 first-time home buyer tax credit and the $6,500 move-up credit, there are an array of energy tax credits that can make home improvements pay off in cash.

4. Good help is available. Really talented real estate practitioners, contractors, and designers are available and eager for business.

Source: McClatchy Tribune, Kate Forgach (02/07/2010)

Market Stats For Condominiums in Danvers, Ma.

Today’s Market Stats For Beverly Single Family Homes

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