The Warren Group reports we are at or near record levels in several categories. We are not surprised and have been experiencing brisk sales locally, here on the North Shore, including multiple offer situations on properly priced inventory, heavy attendance at open houses and large buyer pools in certain price ranges. Manchester, MA falls in at number two with a 23.6 percent gain, to a new median home sale price of just under a million at $955,000! Ipswich came in at number three with a home sale gain of...
You'll actually make less than you think!
Those of us who have been around a while (eh hemmm 30 years) have seen this unfortunate scenario play out more often than we'd like. Our hearts break when we learn of homeowners under-selling. It hurts them along with the over-all home values.
Friends don't let friends go 'fizz-bo'! (Industry lingo for FSBO or for-sale-by-owner). Even I was startled by this bottom-of-the-barrell pricing statistic when buyers and sellers are friends! What a steal for the buyer!
And if you have questions about your home's value, call us. There's no obligation, ever. 978-356-8922 We'd rather share what we know than see you give your house away.
Massachusetts is in the RED...a good shade of red! I'm surprised to see that we are surrounded by slower-selling states, in fact we are the only New England state with homes selling in the 30-day-or-less clip! Nearly 50 percent of sold properties nationally were on the market for less than a month! Full story from the National Association of REALTORS here.
That House Sold for What? Ipswich, MA Home Sales in 2016!
Wondering what your house is worth? Give us a call! It's confidential & complimentary!
|LIST PRICE||SALE PRICE|
|5||Mulholland Drive||Ipswich, MA||$525,000||$534,500|
|63||Clark Road||Ipswich, MA||$385,000||$385,000|
|82||Town Farm Rd||Ipswich, MA||$574,900||$575,400|
|3||Burton Rd||Ipswich, MA||$675,000||$635,000|
|61||The Fairways||Ipswich, MA||$799,900||$765,000|
|416||Linebrook Rd||Ipswich, MA||$374,900||$364,900|
|20||James Road||Ipswich, MA||$349,900||$393,837|
|4||Post Road Lane||Ipswich, MA||$799,999||$795,000|
|24||Plains Rd||Ipswich, MA||$499,000||$480,000|
|14||Alamo Road||Ipswich, MA||$750,000||$690,000|
|3||Spring St||Ipswich, MA||$485,000||$455,000|
|24||Clark Road||Ipswich, MA||$595,000||$595,000|
|3||Stage Hill Road||Ipswich, MA||$425,000||$400,000|
|7||Old Essex Rd||Ipswich, MA||$335,000||$325,000|
|4||Maple Ave||Ipswich, MA||$532,500||$520,000|
|10||Lafayette Rd||Ipswich, MA||$379,000||$365,000|
|3||Turkey Shore Road||Ipswich, MA||$799,000||$845,000|
|1||Riverside Dr||Ipswich, MA||$475,000||$475,000|
|4||Appleton Park||Ipswich, MA||$247,000||$197,000|
|9||Pleasant Street||Ipswich, MA||$374,900||$368,500|
|19||Hawk Hill Lane||Ipswich, MA||$979,000||$939,000|
|20||Howe St||Ipswich, MA||$369,900||$355,000|
|57||North Main St||Ipswich, MA||$950,000||$945,000|
|55||Farley Ave||Ipswich, MA||$725,000||$728,000|
|29||Lafayette Rd||Ipswich, MA||$499,000||$480,000|
|20||Lakemans Ln||Ipswich, MA||$439,000||$430,000|
|6||Stone Hill Drive||Ipswich, MA||$399,000||$399,000|
|25||Argilla Road||Ipswich, MA||$465,000||$465,000|
|29||Choate Ln||Ipswich, MA||$699,900||$679,000|
|331||High Street||Ipswich, MA||$369,000||$369,000|
|38||Topsfield Rd||Ipswich, MA||$390,000||$400,000|
|12||North Ridge Road||Ipswich, MA||$1,695,000||$1,520,000|
|4||Appleton Park||Ipswich, MA||$254,900||$245,000|
|24||Howe Street||Ipswich, MA||$389,000||$400,000|
|10||County Street||Ipswich, MA||$649,000||$645,000|
|160||Linebrook Road||Ipswich, MA||$649,900||$627,500|
|19||Skytop Road||Ipswich, MA||$559,000||$547,500|
|19||Stage Hill Rd||Ipswich, MA||$499,900||$485,000|
|13||2Nd St||Ipswich, MA||$309,000||$298,900|
|10||Choate Ln||Ipswich, MA||$629,000||$629,000|
|208||Argilla Road||Ipswich, MA||$1,950,000||$1,850,000|
|231||High Street||Ipswich, MA||$515,000||$485,000|
|240||Linebrook Rd||Ipswich, MA||$679,900||$705,000|
|46||Argilla Rd||Ipswich, MA||$699,900||$685,000|
|10-12||Pleasant Street||Ipswich, MA||$439,000||$450,000|
|55||Town Farm Road||Ipswich, MA||$269,999||$220,000|
|41||Pineswamp Road||Ipswich, MA||$325,000||$275,000|
|41||North Ridge Road||Ipswich, MA||$225,000||$200,000|
|2||Central Street #17||Ipswich, MA||$200,000||$192,000|
|21||South Main Street #1||Ipswich, MA||$139,000||$136,000|
|3-5||Soffron Lane||Ipswich, MA||$135,000||$135,000|
|29||Summer St||Ipswich, MA||$289,900||$285,000|
|400||Colonial Dr #61||Ipswich, MA||$187,500||$170,000|
|11||Soffron Ln||Ipswich, MA||$268,900||$265,000|
|7||Soffron Ln||Ipswich, MA||$269,000||$265,000|
|38||Kimball Ave #17||Ipswich, MA||$299,900||$296,000|
|23||S Main St #7||Ipswich, MA||$305,000||$305,000|
|8||Broadway #2||Ipswich, MA||$153,900||$140,000|
|29||Summer St #14||Ipswich, MA||$329,500||$319,500|
|38||River Point Dr #9||Ipswich, MA||$449,000||$449,500|
|68||County Road #4||Ipswich, MA||$224,900||$223,000|
|25||South Main Street #1||Ipswich, MA||$174,900||$160,000|
|401||Colonial Drive #19||Ipswich, MA||$299,900||$299,900|
|13||New Mill Place||Ipswich, MA||$365,000||$361,000|
|200||Colonial Dr||Ipswich, MA||$187,500||$190,000|
|16||Appleton Park #G3||Ipswich, MA||$145,000||$145,000|
|31||Mount Pleasant Ave #3||Ipswich, MA||$274,900||$280,000|
All data collected from MLSPIN 1/1/16-5/11/16
It's true! Windhill still holds the #1 position this year! We've helped more Ipswich home buyers and sellers than any other Ipswich office!
MLS PIN 1/1/16-12/31/16
N O W!
If you are looking to sell your home fast and for the highest price, start prepping. You've got about 6 weeks! So says Megan Turchi of the Boston Globe, according to Zillow.
Now, those of us in the "biz" don't put a lot of faith in Zillow when it comes to certain things, like home values, but they may be on to something here. It's no secret that inventory is down, which naturally creates a supply and demand conundrum for buyers. How much more will your house sell for? Click here for Megan's (and Zillow's) final words.
Today's market report from the National Association of Realtors:
"Lawrence Yun, NAR chief economist, says pending sales made promising strides in February, rising to the highest index reading since last July (109.8). "After some volatility this winter, the latest data is encouraging in that a decent number of buyers signed contracts last month, lured by mortgage rates dipping to their lowest levels in nearly a year1 and a modest, seasonal uptick in inventory2," he said. "Looking ahead, the key for sustained momentum and more sales than last spring is a... Read the full story here.
NAR Chief Economist Lawrence Yun had this to say in a recent article by Robert Freedman for REALTOR MAG on interest rates and affordability:
"Yun is forecasting the rate on a 30-year fixed loan to rise to 4.3 percent by the end of the year and then to about 5 percent at the end of 2017. These are “very low by historical standards,” he says.
Concerns are shifting from escalating rates over to the lack of home inventory and affordability issues. Yun says home prices are rising about 7.5% annually on average and household income only at 2%. This scenario is playing out accross the U.S. and cities & communities are taking notice. From California's San Francisco Bay area to Newton, MA (part of the 10th most expensive housing market in the nation - NPR) teachers with 6-figure salaries are priced out, spending 50% and higher of their salary for rent/mortgage not including utilities. NPR has that story and you can LISTEN TO IT HERE.
We don't see a shortage of buyers, but here on the North Shore, there is a definite need for inventory. Thinking of selling? Now's a great time. How a 1-2% increase in interest rates will affect buyers in this market remains to be seen. Multiple offers, bidding wars and sales far over asking are a recurring scenario right now, provided the property is priced and marketed professionally and accurately. Stay tuned, we'll keep you posted.
The process can feel overwhelming. You may decide to just unload and move on. We can help you determine what's best for you. Estimating current, concise market value is our expertise. Establishing today's value 'as is' or estimating future value post-renovation is crucial information when weighing your options. It's no wonder there's confusion; this Yahoo spokesperson warns you to beware of adding an additional bathroom because it won't add much value.
BUT, if you watch the entire video and listen to the President of the National Association of Realtors, he talks about kitchens and bathrooms having the most impact and appeal to potential buyers. We agree with Tom.
Know the facts, do your research and lean on our complimentary advice. Our team is vested in the health of this community and that includes happy homeowners here for the long haul. Contact one of our professionals today.
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