Be sure to check out our blog for the latest North Shore happenings! Our blog is the hub for exclusive access to coming soon listings, local and in house events, and articles that discuss common topics related to the real estate industry.
Explore and be up to date on community events, recent trends, and the North Shore real estate market. With inventory lower than it's ever been before, we consistently push out new exclusive listings for readers. If you would like to discuss further, contact us today.
Rockport Adopts Community Impact Fee
At the annual town meeting last Saturday, Rockport voted to adopt two articles that will impose a 3% Community Impact Fee on short term rentals. NSAR mobilized its Rapid Response Team, which opposed both articles. Outreach was conducted to REALTORS ® who are Rockport residents to inform them of the issue [...]
"The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator of home sales based on contract signings, rose 44.3% to 99.6 in May, chronicling the highest month-over-month gain in the index since NAR started this series in January 2001. " Read the full article from the National Association of Realtors®.
It's been an incredibly busy May/June! Our team of Windhill advisors is available for your real estate needs 978-356-8922.
Inventory is at incredible lows in the Northeast real estate market, north of Boston, specifically in Essex County. One town I'm noticing with higher-than-average daily inventory increases is Peabody, Massachusetts. Just today there are 16 new listings, as of 10am!
18 Nancy Avenue, Peabody, MA
22 Walsh Avenue, Peabody, MA
288 Lynn Street, Peabody, [...]
Lawrence Yun, Chief Economist for the National Association of REALTORS® and respected real estate trend commentator to 1.4 million REALTORS® realizes the inevitable economic damage of Covid-19, reports that home prices should remain stable and that our resiliency will pull us through. On the ground, here on the north shore of Boston, we concur. #Resilience has been our mantra throughout the pandemic. The market is seeing pent up demand and low inventory resulting in multiple offers and bidding wars on properties that are priced in the 'sweet spot' with guidance from experienced REALTORS®.
Answers. It's what we all want. But nobody has them, and anyone claiming they do, well, I recommend a fact check. None of us here at Windhil have that elusive crystal ball and no, we can't make you any promises about the future. But what I can tell you is that here in the northeast, north of Boston, on the northshore in particular, what we are seeing right now is serious pent-up demand for inventory and every listing we take has a long line of ready, willing and able buyers. These homes, if priced properly, are going under contract with multiple offers, sometimes over asking and because our network of professionals including lenders, inspectors, attorneys, etc. are now well-versed in the new way of doing business, the closings are happening efficiently and on time. The closings might be curbside but the smiles are still there.
Predictions point to a delay in inventory that will inevitably explode so if you're thinking of selling but the path is unclear, ask for help, get some sound advice, educate yourself about the new process. Lack of inventory is to your advantage, while it lasts.
The Massachusetts Real Estate Market is Down But Not Out! Great article thank you to WGBH.
I, myself, sent an email to my local shelter, asking if they were considering foster parents for pets during the pandemic, in the hopes that we would fall in love with our new companion. Boston Agent Magazine also noticed the reality of our need for comfort and how it plays out during a pandemic with this article that doesn't surprise me at all... Pet Ownership is Growing Amid the Corona Virus Lockdown.
