Salisbury Condos

This community is located in Essex County and has a population of 9,261 residents. It is located on the Atlantic coast and has been a favorite resort area for many years. There are five miles of beaches along the town’s waterfront. The town is 41 miles north of Boston. Major highways in the community are U.S. Route 1 and I-95. The community is connected to the Newburyport commuter rail station by bus service of the Merrimack Valley Regional Transit Authority.

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Buying a Condo

The average price of a townhouse in the community is $288,815. On the market recently, condos have ranged from a 1920 two-bedroom, one-bath 520 square-foot condo listed for $295,000 to a three-bedroom, three-bath 1,906 square-foot stand-alone condo listed for $559,000.

The following is a description of some of the developments in the town:

The Cottages at Sycamore Lane

This is a five unit development that is newly constructed. It is located in the southern area of town on a cul-de-sac. The complex consists of detached units set on 3.1 acres of land. Each features a master suite on the first level, an open floor plan, and a fireplace. The living space of each unit is 1,906 square-feet, and the list price is $549,000. Community amenities include snow removal and landscaping.

South Beach Landing

This is a multi-phase complex. The first stage completed 16 units. The second phase was finished last year and added six more units to the development. These are townhouses that are three-bedroom, two-and-a-half bath, 1,800 square-foot units. Each unit has granite countertops, a gas fireplace, nine-foot ceilings, hardwood flooring, and covered parking. The community amenities include a fitness center, movie theater, landscaping, and snow removal. The beginning price of a unit is $469,000.

Over the last year, 42 properties were sold in the community. There were recently 15 units for sale on the local market. This is a smaller market than some neighboring communities. With a smaller inventory, this can be a market that favors sellers. This makes a prospective buyer’s search challenging. A knowledgeable market professional who serves a consumer as a buyer’s representative can help make that search successful. “The process can be complex and stressful—which is why having a pro by your side can make all the difference,” advises a property expert. Boston City Properties has the expertise and experience in the local property market that help you in the search. Contact us and arrange for our services as your buyer’s agent and we can help you find the best unit.

Selling/Listing a Condo

Selling a property in this town may be easier than other markets that are saturated with many units. Yet, marketing a co-op property in a favorable area is still not a simple task. This is especially true in a town like this that is a popular seasonal destination. Professionals caution sellers to consider the caveats of their specific location. “Traditionally, spring is the best season to sell a house, and the winter holidays are the worst. But with [co-op properties] conventional wisdom might not apply. If your place is in a vacation area, say, near a beach or ski resort, you’ll get the best price right before the tourist season hits,” advises one expert. Boston City Properties understands the specialized property market in this area. Contact us for expert help in listing and marketing your unit so that you get the best price without a lengthy wait.

The Neighborhoods of the Community

This community has three distinct neighborhoods. The following is a brief description of each one:

Beach/Brown’s Point

This is the eastern area of the town. The median property price is $403,555. The vacancy rate is 39.6%, which is much higher than the 6.9% U.S. average. Thirty-one percent of residences are only occupied seasonally.

Town Center

This area of town includes the central portion of the city. The median real estate price is $370,464. The vacancy rate in this part of town is 1.8%, which indicates that it is a very tight housing market.

Ring’s Island

This neighborhood sits at the southern edge of the town on the Merrimack River. It is a historic district that was once a fishing village.

This community has much to offer prospective residents. Its unemployment rate is 4.4%, and the local school invests in students above the national average. The average commute time also lower than the national average. This explains the 34.57% increase in population since 2000. People have discovered the town is a great place to relocate. As one resident described the town this way: “…A warm environment.”

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