North Andover Condos

Located in Essex County, North Andover is a midsize city of slightly more than 28,000 residents. It sits in the Northeast part of the state and is well-known for its scenic views of the local rivers, creeks, and ponds.

With its proximity to Boston, it also has one of the most competitive real estate markets in the area. Home prices here reflect the demand for housing and the appeal of the city that draw many buyers to it.

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Buying a Home

The housing market here features a mixture of single family homes, townhouses, apartments, and condominiums. The price for a condo can range from $189,000 for a one-bedroom, one-bath unit all the way to $839,000 for a three-bedroom, four-bathroom home. The higher prices are typically attached to condos that feature new construction and have more updated facilities than older units.

For that price, buyers get amenities that include gourmet design kitchens, open layouts, energy efficient appliances, a study that can double as a guest room, and luxurious bathrooms. The condos for sale here also commonly come with garages or off-street parking for residents of the units.

The HOA fees for new condos in this town average between $300 to $400 per month. That price can cover expenses like snow removal, landscaping, and gas heat. Contact us now to find out how we can represent you in buying a condo today.

Selling a Home

Selling a home in this competitive market can be a real challenge if you are not familiar with what kinds of prices are typical for the area or what kinds of amenities buyers are looking for in new homes. Call us today to find out how we can represent you when it comes to selling your unit.

Based on listings that have sold recently in the city, buyers are drawn to properties that offer access to extras like a workout room or clubhouse, tennis or basketball courts, onsite swimming pool or spa, and concierge services. However, even if your home does not come with these amenities, you can still sell it quickly by highlight the extras that it does have.

In particular, buyers will want to know what they are getting in exchange for their HOA fees. By giving details about covered costs like master insurance, trash removal, and landscaping, you could sell the property fast without having to lower your asking price.

If you are not sure what price to ask for your unit or how to highlight its best features, you can benefit by hiring a professional real estate representative to assist you. We can help you price and list your home based on for what prices similar units in the area have sold recently.

About the City

North Andover consists of several different neighborhoods, the most expensive being Marble Ridge Station and Stevens Crossing. The prices for home in this area average around $711,000, making this neighborhood pricier than 87 percent of the other neighborhoods in the state. The average price for rent is $2418, higher than 84 percent of rental prices found elsewhere in Massachusetts. The vacancy rate for available real estate is only 5.2 percent, which is lower than the national average of 11.7 percent.

The next most expensive neighborhood in the city is Boxford Station where houses sell for prices that average around $664,994. The neighborhood is made up of a mixture of three, four, and five-bedroom single family homes and townhouses. Many of the homes were built between 1970 and 1990. However, newer construction from 2000 to the present also makes up a large portion of the real estate landscape here.

The least expensive neighborhood in the city is Merrimack College and North Andover Center. Here, the average home price is $313,084. The price for rent averages around $2300 a month, and the real estate vacancy rate is only 5.0, well below the state vacancy average.

Whether you plan to buy or sell a condo in this city, you need a real estate professional representing your best interests. Contact us today to find out more about our professional representation options.

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