Blog :: 2012

And The Numbers Are Positively Anemic...

So says boston.com and I agree! We are experiencing an inventory drought. What does that mean if you're a buyer? There's a good chance you won't be the ONLY one putting in an offer on that new listing. How about if you're a seller? You might experience a full price or even over-asking sale price on your house but be prepared to put the "shoe on the other foot" when you go out shopping.

The bottom line is, if you're on the fence about selling, thinking it's better to wait for the Spring market, my advice would be to take advantage of this dry supply and high demand situation.

Read the full article here.

Ipswich Electric Rates - 2nd Lowest in the State

Why are the residental rates lower in Ipswich? Partly because of how power contracts have been negotiated. The Ipswich Light Department secured favorable terms with many of it's suppliers. Also, the Light Department is a not-for-profit operation, unlike private companies earning profits for shareholders. Ipswich Light Department's primary objective is to meet the needs of the community! Just one more benefit of living in Ipswich!  Click here for electric rate comparison charts.

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16 Percent of Massachusetts Homeowners Still Underwater!

I know! The number surprised me too! The Mortgage Forgiveness Debt Relief Act, created in 2007, is set to end Dec. 31, 2012 unless Congress acts. What does this mean for homeowners who are underwater? Well, if you are in the process of a short sale, you may want to get it closed by before that deadline. However, depending on your circumstances, it may or may not matter when you you close.

Let's say you owe $400,000 on your house and the short sale number is set to close at $300,000. There is the possibility, without an extension, that $100,000 difference will be added to your income for you to pay taxes on. Ouch!! But wait...there's a thing called insolvency, the difference between your total debts and your assets. That might be your ticket! Seek professional advice from your CPA for details on this. Things like bankruptcy, 401ks, pensions, IRAs, assets (car, furniture, etc.) all play a part.

Not sure where you stand in today's market? Contact a Windhill Advisor for a complimentary analysis of the true value of your home, then decide how to proceed.

 

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Real Estate Transfers - Ipswich, MA - October 2012

 

Address #BR #BA List $ Sale $
Single Family
3 Lillian Dr, Ipswich, MA 3 2.5 $519,900 $515,000
17 Liberty St., Ipswich, MA 4 1 $225,000 $228,000
114 Linebrook Road, Ipswich,   MA 3 1 $289,000 $280,000
3 Spillers Ln, Ipswich, MA 4 2.5 $414,900 $395,000
19 Skytop Road, Ipswich, MA 3 2 $465,000 $470,000
Condominium
400-17 Colonial Dr, Ipswich,   MA 2 2.5 $194,900 $163,000
35 County St #4, Ipswich, MA 2 1 $199,000 $190,000
40 River Pt. Dr.#10, Ipswich, MA 2 2.5 $367,400 $367,400
44 River Pt. Dr.#12, Ipswich,   MA 2 2.5 $367,400 $368,144
22 Buttonwood Ln, Ipswich, MA 2 2+2 $599,000 $585,000
8 Moray Ln, Ipswich, MA 2 2.5 $699,900 $804,075
6 Peabody St., #6, Ipswich,   MA 3 2+2 $384,900 $359,900
38 River Pt. Dr #9, Ipswich,   MA 3 2.5 $394,900 $394,900
Multi-Family
27 Estes St., Ipswich, MA 2 unit $224,900 $225,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

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Real Estate Transfers - Danvers, MA - October, 2012

 

Address #BR #BA List $ Sale $
Single Family
16 Chestnut St, Danvers, MA 3 1.5 $219,900 $225,000
12 Salvatore Cir, Danvers, MA 3 1 $319,900 $295,000
2 Seaview Ave, Danvers, MA 4 1.5 $319,900 $315,000
11 Wellsley Rd, Danvers, MA 3 1 $329,900 $327,000
47 Damon St, Danvers, MA 4 2 $359,000 $350,000
133 North St, Danvers, MA 3 2.5 $429,000 $415,000
14 Chester St, Danvers, MA 4 2.5 $454,900 $432,000
42 Mohawk St, Danvers, MA 3 2 $489,900 $472,000
19 Bayview Terr, Danvers, MA 3 1.5 $299,900 $285,000
17 Grandview Rd, Danvers, MA 4 1.5 $374,900 $350,000
196 Locust St, Danvers, MA 4 2.5 $379,900 $350,000
3 Bradford Rd, Danvers, MA 3 3 $529,000 $500,000
Condominium
6 Venice St B1, Danvers, MA 2 1 $116,700 $116,700
3 Macarthur Blvd #B, Danvers,   MA 2 1.5 $125,000 $113,900
125 Sylvan St, #B, Danvers,   MA 2 1.5 $259,900 $250,000
64 Liberty St #1, Danvers, MA 2 1.5 $267,000 $250,000
9B McDermott Farm, Danvers,   MA 2 1.5 $294,500 $287,500
45 Lindall St #3, Danvers, MA 2 1 $129,000 $134,000
307 Maple St., Danvers, MA 3 1.5 $199,999 $196,000
19 Garden St., #502, Danvers,   MA 2 1.5 $262,000 $262,000
11 Pickering St, Danvers, MA 4 1.5 $274,900 $274,500
46 Abington Rd, Danvers, MA 2 1.5 $289,900 $285,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

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Real Estate Transfers - Hamilton, MA - October 2012

 

Address #BR #BA List $ Sale $
Single Family
27 Leigh Rd, Hamilton, MA 2 1 $264,900 $260,000
4 Crescent Rd, Hamilton, MA 4 2 $299,000 $252,000
191 Forest St, Hamilton, MA 3 2 $335,500 $322,000
12 Western Ave, Hamilton, MA 3 2 $339,000 $324,900
34 Cunningham Dr, Hamilton,   MA 3 2 $379,900 $379,900
15 Farrington Ln, Hamilton,   MA 4 3.5 $875,000 $870,000
8 Partridgeberry Ln,   Hamilton, MA 3 2.5 $889,000 $865,000
385 Lake Dr, Hamilton, MA 3 1 $319,000 $312,000
175 Echo Cove Rd, Hamilton,   MA 3 1 $390,000 $380,000
163 Essex St, Hamilton, MA 4 2+2 $719,000 $685,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

Real Estate Transfers - Wenham, MA - October 2012

 

Address #BR #BA List $ Sale $
Single Family
16 Knoll Rd, Wenham, MA 1 1 $134,900 $130,000
78 Maple St, Wenham, MA 4 2 $399,900 $387,500
6 Hilltop Dr, Wenham, MA 5 4.5 $729,000 $705,000
169 Cherry St., Wenham, MA 2 1 $284,900 $275,000
67 Walnut St., Wenham, MA 5 4.5 $1,195,000 $1,160,000
Multi Family
151 Main St., Wenham, MA 2 unit $344,900 $345,000
Land
32 Monument St, Wenham, MA 7.3 ac RES $395,000 $330,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

Real Estate Transfers - Topsfield, MA - October 2012

 

Address #BR #BA List $ Sale $
Single Family
21A Grove St, Topsfield, MA 2 1.5 $314,000 $300,000
28 Fox Run Rd, Topsfield, MA 3 2 $449,000 $415,000
53 Campmeeting Rd, Topsfield,   MA 4 2.5 $539,000 $510,000
86 Ipswich Rd, Topsfield, MA 3 3 $575,900 $550,000
204 Rowley Bridge Rd,   Topsfield, MA 4 2+2 $599,000 $572,813
27 Prospect St, Topsfield, MA 5 2.5 $763,650 $700,000
Condominium
16 Wildes Rd #10, Topsfield,   MA 2 2.5 $499,900 $508,900
16 Wildes Rd #11, Topsfield,   MA 2 2.5 $547,900 $547,900
22 English Common, Topsfield,   MA 2 2.5 $655,000 $696,637
Land
132 Hill St, Topsfield, MA 2.08ac RES $299,000 $265,000
Lot 1-89 Wenham Rd.,   Topsfield, MA 3.34 ac RES $349,000 $300,000

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

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Real Estate Transfers - Rowley, MA - October 2012

 

Address #BR #BA List $ Sale $
Single Family
94 Boxford Rd, Rowley, MA 3 1 $199,000 $215,000
641 Haverhill St, Rowley, MA 3 1 $319,900 $302,000
262 Haverhill St, Rowley, MA 3 2.5 $399,990 $370,000
8 Cedarwood Ln, Rowley, MA 3 2 $334,500 $323,000
248 Wethersfield St, Rowley,   MA 4 2.5 $428,500 $428,500
8 Harrison Cir, Rowley, MA 4 2.5 $529,000 $520,713
Condominium
870 Haverhill St 22C, Rowley, MA 2 1 $60,000 $67,200
545 Newburyport Tpk #6,   Rowley, MA 2 2.5 $399,900 $390,000
15 Lawrence Rd, #26, Rowley,   MA 1 1 $99,500 $99,500
11 Vito Ct #6, Rowley, MA 2 2.5 $309,900 $271,600

 

This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by MLS may not reflect all real estate activity in the market.

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