Given the record-breaking number of homes that went under contract in the North Shore this summer, I strongly suspected we would also have a record-breaking number of closed sales in the 3rd quarter, and in fact we did. The number of North Shore home sales in the 3rd quarter of 2020 was up an amazing 45% from the 3rd quarter of 2019. Market time was up 24%, and median prices were up 8%. North Continue Reading
North Shore Market Report: 1st Half of 2020
After a strong first quarter, the North Shore real estate market went down sharply in the 2nd quarter and ended up with an 8% drop in sales for the first half of 2020. Median prices were unchanged, and market time was up 16% as compared to the first half of 2019. Home sales in March and April were down dramatically due to covid-19 and led to the weak 1st half numbers. However, Continue Reading
North Shore Market Report: 1st Quarter 2020
Our market report reflects closed sales for the 1st quarter of 2020. These sales were not significantly impacted by covid-19 and the quarantine as the vast majority of these these properties were under contract prior to March and closings have generally been going through as scheduled. We saw a slow down in sales activity in March, which will be reflected in closings for the 2nd quarter of 2020. Continue Reading
North Shore Market Report 2019
The North Shore real estate market in 2019 continued its pattern of stable, sideways movement. The number of single family home sales dropped by 3%, median prices decreased by 3% and market times were up 6%. Since 2015 our market has been very stable with small price fluctuations, and the number of sales going up and down slightly. Here are the statistics for 2018: Number of Continue Reading
North Shore Market Report–3rd Quarter 2019
The number of North Shore homes sales in the 3rd quarter of 2019 was up 3% from the 3rd quarter of 2018. Market time was down 7%, and median prices were down 1%. Inventory in 2019 has gone up in some locations and down in others, but continues to be on the high side in most local suburbs, making it a competitive market. The market was strongest in the first half of the year and has slowed in the Continue Reading
North Shore Market Report: 1st Half of 2019
The North Shore real estate market softened in the first half of 2019. The number of sales dropped by 8%, median prices were down 3%, and market time was up 6% as compared to the first half of 2018. This softening was consistent across the suburbs that I cover with every suburb seeing a decrease in the number of sales. The summer and fall markets in 2018 were weak after a strong spring. It Continue Reading
North Shore Market Report: 1st Quarter 2019
The number of home sales in the North Shore decreased by 9% in the first quarter of 2019. The median sale price was down 4% and the average market time declined 4%. Here are the statistics: Number of Homes Sales Average Market Time 1st Continue Reading
North Shore Market Report 2018
The North Shore real estate market in 2018 continued its pattern of stable, sideways movement. The number of single family home sales dropped by 5%, median prices increased by 2% and market times were up 3%. Since 2015 our market has been very stable with small price increases and the number of sales fluctuating up and down slightly. Here are the statistics for Continue Reading
North Shore Market Report: 3rd Quarter 2018
The number of North Shore homes sales in the 3rd quarter of 2018 was down 10% from the 3rd quarter of 2017. Market time was unchanged, and median prices were up 3%. Overall the market was been slowing down this quarter. Inventory in 2018 has gone up in some locations and down in others, but continues to be on the high side in most local suburbs, making it a competitive market. The market was Continue Reading
North Shore Market Report–First Half of 2018
The North Shore real estate market in the first half of 2018 has been steady. Median prices of North Shore single family homes are up 1% for the first half of 2018, and the number of home closings is down 4% compared to last year. Market time has decreased by 4 days and inventory has been level. These numbers show a good, steady North Shore market. Individual suburbs varied in their Continue Reading
