Blog :: 07-2013

Cash is King! But Wow! 40%??

housebid

I was shocked to read Boston.com's report that 40% of all Massachusetts condo buyers who closed in April, paid CASH! My research tells me there were 5,596 condo closings in April across the entire state (per our multiple listing service) so that would mean approximately 2,238 of those were CASH! 2,238 buyers PAID CASH! We are definitely experiencing bidding wars, multiple offers, low inventory and what sometimes feels like a frenzy but I had no idea there were so many cash buyers. I have to guess we are not seeing so many cash buyers here, North of Boston, simply because our price point is much higher than many other parts of the state? I would need to do more research on that. Still, if you're out there shopping, all these cash buyers might be your competition and this Boston.com article has some sound advice..."Be true to your finances, not your inner real estate yearnings." Read the full article here.

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Downtown Ipswich Comes Alive!

Tuesday nights for the remainder of the Summer, visit downtown Ipswich for outdoor dancing and lessons on the River Walk and poetry plus musical performances at First Church Meetinghouse, coffeehouse style. Click here for Wicked Local's write-up in the Ipswich Chronicle.

Down-Town-TuesdaysHere's the lineup:

July 23, Orville Giddings

July 30, disco dance

Aug. 6, Chelsea Berry

Aug. 13, Motown dance

Aug. 20 Brian Alex

Aug. 27 big band swing

This is a great way to spend an evening and it's all within walking distance to the many shops and excellent restaurants in town. As a matter of fact, SALT was just voted Best New Restaurant 2013 by BONS (Best of the North Shore, North Shore Magazine). Click here for North Shore Magazine online!