The North Shore real estate market in 2021 was exceptionally strong. As compared to 2020, which was also a strong year, the number of detached single-family home sales went up by 12%, median prices went up 11%, and market times dropped 46%. The flight to the suburbs, which started in 2020, continued in 2021 and led to an incredible year for North Shore Sellers. Here are the Continue Reading
North Shore Market Report: 3rd Quarter of 2021
The number of North Shore homes sales in the 3rd quarter of 2021 was down 3% as compared to the 3rd quarter of 2020. Market time was down an amazing 62% and median prices were up 9%. Overall, it was an exceptional quarter for North Shore home sales. While the number of sales was down 3%, it was still a great number. It just so happens that the 3rd quarter of 2020 had a huge number of sales since Continue Reading
North Shore Market Report: 1st Half of 2021
North Shore single family home sales went up 48% in the first half of 2021. Market times decreased by 43%, and median prices increased by 21%. We have been doing these reports for over 25 years and we have never seen stats like these. It was an amazing first half of the year. Now it is true that the first half of 2020 was a slower market due to the beginning of the covid pandemic. Nevertheless, Continue Reading
North Shore Market Report: 1st Quarter of 2021
The number of home sales in the North Shore increased by 18% in the first quarter of 2020. The median sale price was up 15% and the average market time decreased by 34%. Yes, it was a very strong first quarter. Here are the statistics: Number of Homes Sales Average Market Continue Reading
North Shore Market Report for 2020
The North Shore real estate market in 2020 started slow due to the pandemic, but then rebounded and had a very strong year. As compared to 2019, the number of detached single-family home sales went up by 25%, median prices went up 8%, and market times stayed the same. This broke the pattern of sideways movement that we had seen since 2015. These strong numbers were not the case across all of Continue Reading
North Shore Market Report: 3rd Quarter of 2020
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