Tuesday, December 31, 2013

Coldwell Banker's Monthly Real Estate Report - Hamilton/Wenham, MA


Here's what's happening for home sales in our two towns.
#'s are from MLS on 12/26/2013 and reflect the last 30 days.

# of Sold Listings:
Hamilton - 13
Wenham - 4

Average Days on Market:
Hamilton - 121 days
Wenham - 148 days

Average Sale Price:
Hamilton - $537,462
Wenham - $582,100

Average List Price:
Hamilton - $565,823
Wenham - $623,475

Sales to List Price Ratio:
Hamilton - 95%
Wenham - 93%

Thinking about buying a home? Want to sell your current home? Got a real estate question? Call or text me!

Susan Hacker
susan.hacker@NEMoves.com
Coldwell Banker Residential Brokerage
50 Dodge Street
Beverly MA 01915
978.882.4742 direct line               


Click Here for a full market report!

Thursday, December 26, 2013

Coldwell Banker's Monthly Real Estate Report - Beverly, MA

50 Dodge Street, Beverly MA

Although Beverly is posting slightly lower numbers than November, this month continues to show signs of recovery.
  • # sold listings - 38

  • Ave Days on Market - 77

  • Ave Sales Price - $407,612

  • Ave List Price - $421,737

  • Sales Priced to List Price Ratio - 98%
*Information Courtesy of MLSPIN

Coldwell Banker Beverly is here for all your real estate needs. Whether you are buying or selling or have any real estate related questions, we are here to help you!

Colwell Banker - Beverly
50 Dodge Street
978-927-1111
Like us on Facebook: http://www.facebook.com/northshorecoldwellbanker

Monday, December 23, 2013

My Annual 10 Real Estate Predictions For The New Year



I ended my annual real estate predictions column last year with:
  • “2013 may be the BEST year ever to buy a home, with incredibly low interest rates and property prices just beginning to rise. Don't be one of those that in 2014 or 2015 say: "I remember when I could have bought that home for $X" or "I missed the opportunity of a lifetime in 2013."
As it turns out, that pretty much summed up the real estate market in 2013. Interest rates remained stable and prices began to rise as a result of low inventory. Do not despair, however…opportunity continues and in some ways will likely even improve in 2014. Here’s why:

1. As the real estate recovery continues, consumer optimism will continue to rise to its highest level in years. (or perhaps the other way around) This is the same optimism that has seen us through government shutdowns and near stagnation in Congress.

2. The housing recovery will result in some declining affordability. Buying a home will be costlier in 2014 than in 2013, the result of appreciating home prices and higher interest rates. The good news is, with higher inventories expected, prices will not rise at the same rate as last year which was clearly a “Seller’s Market”.

3. Interest rates will rise, as they have historically during recoveries. Expect to see rates at or slightly above 5% by year end.

4. Move-up buyers will take center stage. Last year was the year of the investor, those who realized the market had hit bottom and took advantage of prices and continued low rates. This year the market will be dominated by regular buyers.

5. The second home market will re-emerge in 2014. Investors (see #4 above) and vacation homebuyers, slightly behind the primary home market, will follow the trend.

6. Mortgages will be more readily available and attainable, as lending moves from the investor level back to the end-user level.

7. Prices that rose quickly last year in many areas will slow to a more moderate and sustainable pace. I predict home values will increase by about 3% in 2014.

8. 2014 will mark a change from 2013’s “year of low inventory” back to more normal market inventory levels.

9. As more homeowners return to positive equity levels, more homes will be placed on the market and foreclosures will continue to decline significantly.

10. New home construction will soar as developers who have been waiting on the sidelines, many with approved projects, begin to build again.

All in all, 2014 is shaping up to be a very good year for real estate. And that's a positive sign for our entire economy. Don't be caught waiting on the sidelines.

Best regards,

Jay Burnham, Premier Agent
Coldwell Banker Residential Brokerage, North Shore

Thursday, December 12, 2013

Beverly Historic Home Tour is a Success!

Hale House Decorated for the Historical Home Tour
The first Beverly Historical Home Tour, hosted by the Beverly Historical Society and Coldwell Banker Residential Brokerage was a success! The Historical Society and Coldwell Banker are grateful to the homeowners, volunteers and companies who supported this event.

The holiday tour included the historical society's own Hale House, as well as six privately owned homes in the downtown neighborhood. The homes represented a variety of styles and agents.

Tour attendees learned some historical facts about the homes through a beautifully crafted brochure and heard stories as told by homeowners and volunteers who helped bring the tour to life.

Overall the event was a huge hit and everyone is already looking forward to next year's Historical Home Tour!

Thursday, November 21, 2013

Coldwell Banker Residential Brokerage Charitable Contribution to North Shore Community Development Coalition

Coldwell Banker- Beverly Agents

The sales associates of the Coldwell Banker Residential Brokerage office in Beverly, in conjunction with Coldwell Banker Residential Brokerage Cares, the company’s charitable foundation, donated $795 to the North Shore Community Development Coalition for their support in creating thriving communities.

Coldwell Banker Residential Brokerage Cares’ primary purpose is to raise funds to provide financial assistance to housing-related causes in the communities where Coldwell Banker has a presence. Since its inception, Coldwell Banker Residential Brokerage Cares has donated millions of funds to hundreds of non-profit organizations. Coldwell Banker Residential Brokerage Cares is the New England chapter of the Realogy Charitable Foundation Inc. We are proud to support North Shore Community Development Coalition in their mission that everyone deserves a place to call home. 

“Our sales associates feel it’s important to give back to the community in which they live and work,” said Anne Webster, sales manager of the Coldwell Banker Residential Brokerage office. “I am extremely proud of the hard work of our sales associates and employees and their commitment to the Coldwell Banker Cares program which allows us to support organizations like the NSCDC and its mission.”

Sales associates and employees raise funds for local housing-related causes by donating a portion of their sales commissions and paychecks to Coldwell Banker Residential Brokerage Cares, the company’s charitable foundation. They also host fundraisers and volunteer at local community organizations.

Coldwell Banker Residential Brokerage is the largest residential real estate brokerage company in New England. With more than 4,000 sales associates and staff in more than 80 office locations, the organization serves consumers in Massachusetts, Rhode Island, New Hampshire and Maine. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation’s largest residential real estate brokerage company. For more information, visit www.NewEnglandMoves.com/beverly.
 

Tuesday, November 12, 2013

Coldwell Banker is supporting Pie in the Sky!

 
 
We are so proud to once again support Community Servings annual Pie in the Sky fundraiser. Coldwell Banker Residential Brokerage Cares has provided a $35,000 sponsorship for this year’s Pie in the Sky and our agents are doing their part to help this worthwhile organization help those in need.

"The basis of community is family."

Watch the short video: http://www.youtube.com/watch?v=nF_GEVQ3szo


Buy a Pie from Coldwell Banker!

Monday, November 11, 2013

Coldwell Banker Salutes our Veterans!

 

It happened a few weeks back, while sitting in the airport in Washington DC waiting for my flight to be called for boarding to Boston.
An announcement came over the public address system: “Please give a warm welcome at the next gate to a party of World War II veterans from Wisconsin. They have come to visit the World War II monument.”
 
Immediately, every person in the Jet Blue terminal stood up, and began clapping for the elderly veterans as they were wheeled off the plane. Each veteran was accompanied by a caregiver who had accompanied them from Madison.
 
We clapped for the 20 veterans and caregivers. We clapped for their dedication to make the trip to DC. We clapped because we were proud and appreciative of their service. The clapping continued as the veterans were wheeled down the corridor to claim their baggage, shaking hands and waving to the crowd that lined the hallway.
 
Today, Veteran’s Day, is the day we honor and remember our veterans. Attend a ceremony, visit the cemetery, send a package to those that are currently in service, or donate to a veterans’ organization, or visit a veteran.  As for me – I’m going to recognize and thank each veteran I see today with “Thank you for your service” and a round of clapping.
 
Susan Hacker is a Coldwell Banker Residential Brokerage real estate agent in Beverly. She is particularly proud of her dad (Army) and her husband (Navy) veterans.
 
Are you a veteran? Looking to purchase or sell your home? Want information on a VA mortgage?
Email me: Susan.Hacker@NEMoves.com

Friday, October 25, 2013

Coldwell Banker named Top Charitable Contributor



Coldwell Banker Residential Brokerage was recognized by the Boston Business Journal as one of the Top Corporate Charitable Contributors in Massachusetts. The announcement was made during the Corporate Citizenship Summit, which was held at the Waterfront Westin Hotel in Boston and attended by nearly 600 leaders representing non-profits, and companies with a presence in Massachusetts. Coldwell Banker Residential Brokerage was the only residential real estate company to make the list! -


Jay Burnham, Premier Agent
Coldwell Banker Residential Brokerage, North Shore

Friday, May 10, 2013

Beverly officials to tour re-developed, historic property in Centerville neighborhood



Prides Hill Condominium


Beverly city leaders and local officials will celebrate the redevelopment of Prides Hill, a 2.5-acre property on Hull Street that will include seven refurbished condominiums.

Local officials as well as Gary Palardy, principal of State Street Builders in Beverly, and Erminio Grasso, regional vice president of Coldwell Banker Residential Brokerage, will tour the area on Thursday May 16 from 4 p.m. to 7 p.m. at 85 Hull St. Attendees will end the night with a small celebratory event.

The newly developed property incorporates and preserves the unique architectural details and design elements of the original 1680 residence, which was once home to American composer and songwriter Cole Porter.

Features and finishes of the new condominiums include 14th century gold leaf doors imported from a monastery in Spain, floors made of crushed coral, and exquisite stained glass windows. The project will include a large common area that was initially built and used as the First Church of Beverly.

Prices for the units range from $299,900 to $700,000.

From: http://boston.com/yourtown/news/beverly/2013/05/beverly_officials_to_tour_re-d.html