Marblehead Condos

Marblehead is a quaint town in Essex County. It is a coastal town with a year-round population of 19,800. Its population expands in the summertime, as it is a popular area for beach vacations. With its proximity to the coast, Boston, and cultural attractions, this town is a highly desirable place to own and rent property. Its residential market, like that of many towns around Boston, is flourishing. As of 2018, the median value of a home here is $645,200. This is a 6.7% increase over the median home value of 2017. Home values are expected to increase by another 3.3% through 2019. The median listing price here is just over $365 per square foot, which is higher than the median list price of $268 per SF in the Boston metro area. The median listing price is $757,450 for homes in this town, while the median selling price is just under $618,000. The market is reasonably healthy in terms of foreclosure and homeowner mortgage payments. In this town, about two homes in every 10,000 are foreclosed each year. This slightly exceeds the national foreclosure rate, which is 1.6 homes foreclosed out of every 10,000. The rates of mortgage delinquency in Marblehead are below one percent, which is less than the national average of 1.6% of homeowners who are behind on their monthly mortgage payments. At 4.5%, fewer homeowners are underwater on their mortgages here than in the Greater Boston area, where the rate is 6.3%.

Click Here to Search

sales

In spring 2018, the average sale price for a home is about $384,520. Homes of all sizes spend an average time of 116 days on the market. With home values in and around Boston increasing, more homes are coming on the market with competitive listing prices. In early 2018, there were a number of homes listed at an asking price between $400,000 and $600,000. There were also a considerable amount of houses listed for sale between $200,000 and $400,000, which is still the most common pricing range. The smallest price range in category of asking price was homes priced at $200,000 and less. The sale price for all homes is generally higher than the listing price, but there is generally less than a $100,000 difference in the two prices across all price ranges. In keeping with trends in many coastal areas, most sales take place in the late spring and summer months. Most new listings appear between March and August, with a peak in September. Most sales occur between April and October, and the majority of sales close in June and August. Historically, the median and average price of a home has followed a nearly identical track.

Regardless of whether you are buying or selling a home, there is quite a bit of planning involved. If you are thinking about buying a house here, contact our office for advice. We are familiar with the Greater Boston area, which includes the residential and commercial markets. Whether it's your first time buying a home or you are a seasoned homeowner, we'll help you get plan your finances, select a good neighborhood, and select a unit to suit your lifestyle and financial needs. Finding and applying for a loan, setting a budget, and determining a realistic monthly mortgage payment are all aspects of home buying that we'll work with you on, too.

If you are selling a home, you'll have a unique set of things to consider. There are many steps required for a successful sale, and they are quite easy to overlook. Worry not, as we're here to help you manage the sale process with confidence. The first step is determining where to list your house to attract the right buyers, which can be either a print source, an electronic source, or both. You will then have to make your home as show-worthy as possible, which might mean doing anything from adding a fresh coat of exterior paint to making more major repairs like fixing plumbing and air conditioning. At a minimum, your home will have to be in good enough condition to pass inspection. Once the home is fixed up, you can either hire a professional for staging or take your own pictures to show prospective buyers. Then, you'll work with buyers and an agent, if you used one, to arrange showing times. Lastly, narrowing down a buyer and finalizing the contract brings you close to selling your home, and we are happy to help.

Condo Developments

Click Here
to Search

sales

Click Here
to Search

rentals