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Andover, MA Real Estate News

By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
ANDOVER Real Estate - Week Of February 13th, 2012 Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of February 13th, 2012. (Source: AltosResearch) For Week of February 13th, 2012 Median Price $626,750 Average List Price $841,774 Average Days on Market 158 Number of Homes On Market 92 Median House Size 2,938sq ft. Market Action Index 18.4 - Strong Buyer's Data provided by ©2011 Altos Research LLC. The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies ...
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By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
ANDOVER Real Estate - Week Of Februaty 6th, 2012, 2012 Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of Februaty 6th, 2012, 2012. (Source: AltosResearch) For Week of Februaty 6th, 2012, 2012 Median Price $569,900 Average List Price $808,522 Average Days on Market 168 Number of Homes On Market 90 Median House Size 2,748 sq ft. Market Action Index 18.3 - Strong Buyer's Data provided by ©2011 Altos Research LLC. The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. The Market Action Index has been trending down lately, while inventory and days-on-market are climb...
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By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
ANDOVER Real Estate - Week Of January 30th, 2012 Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of January 30th, 2012. (Source: AltosResearch) For Week of January 30th, 2012 Median Price $569,900 Average List Price $808,522 Average Days on Market 168 Number of Homes On Market 90 Median House Size 2,748 sq ft. Market Action Index 18.3 - Strong Buyer's Data provided by ©2011 Altos Research LLC. The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends im...
Comments 8
By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
ANDOVER Real Estate - Week Of January 23rd, 2012 Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of January 23rd, 2012. (Source: AltosResearch) For Week of January 23rd, 2012 Median Price $549,450 Average List Price $830,789 Average Days on Market 177 Number of Homes On Market 82 Median House Size 2,668 sq ft. Market Action Index 18.6 - Strong Buyer's Data provided by ©2011 Altos Research LLC. The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat...
Comments 9
By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
ANDOVER Real Estate - Week Of January 16th, 2012 Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of January 16th, 2012. (Source: AltosResearch) For Week of January 16th, 2012 Median Price $569,900 Average List Price $842,681 Average Days on Market 170 Number of Homes On Market 80 Median House Size 2,714 sq ft. Market Action Index 19.3 - Strong Buyer's Data provided by ©2011 Altos Research LLC. The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in ...
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By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
ANDOVER Real Estate - Week Of January 9th, 2012 Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of January 9th, 2012. (Source: AltosResearch) For Week of January 9th, 2012 Median Price $569,900 Average List Price $842,681 Average Days on Market 170 Number of Homes On Market 80 Median House Size 2,714 sq ft. Market Action Index 19.3 - Strong Buyer's Data provided by ©2011 Altos Research LLC. The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasi...
Comments 9
By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
ANDOVER Real Estate - Week Of January 2nd, 2012 Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of January 2nd, 2012. (Source: AltosResearch) For Week of January 2nd, 2012 Median Price $589,900 Average List Price $850,408 Average Days on Market 164 Number of Homes On Market 88 Median House Size 2,714 sq ft. Market Action Index 18.9 - Strong Buyer's Data provided by ©2011 Altos Research LLC. The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trendin...
Comments 12
By Jim Mushinsky
(Centsable Inspection)
A home inspector working in Andover MA is required to perform a home inspection to the Massachusetts Home Inspector Standards of Practice. A copy of the standard will be provided to the client by the home inspector. The MA Home Inspector Standards of Practice is written for the professional home inspector. United Inspection Service has created some easy to read Consumer Information Sheets illustrating what is included and excluded in a Standard MA home inspection. Clear client communications (3c) are one of our core values. See the easy to read one page consumer information sheets for each of the systems in a MA Home Inspection. Visit the Andover MA Home Inspection web page from United Inspection Service for some useful information about homes in Andover MA and the Massachusetts Home In...
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By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
ANDOVER Real Estate - Week Of November 14th, 2011 Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of November 14th, 2011. (Source: AltosResearch) For Week of November 14th, 2011 Median Price $569,900 Average List Price $759,732 Average Days on Market 142 Number of Homes On Market 133 Median House Size 2,714 sq ft. Market Action Index 14.7 - Strong Buyer's Data provided by ©2011 Altos Research LLC. The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, t...
Comments 3
By Gretchen Papineau
(Papineau Partners @Coldwell Banker)
Just completed both the Green 100 and Green 200 classes for the NAR Green designation. Two great classes with lots of cutting edge information. It's rewarding to learn this new information to stay a step ahead of what buyers and sellers will be asking about. We can all make a difference and there were many things pinpointed in the discussions. I would highly recommend this designation for all Realtors looking to be a credible source of information to the public.
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By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
Andover Real Estate - Week Of November 7th, 2011 Here is a snapshot of real estate market for single family homes in Andover, MA for the week of November 7th, 2011. (Source: AltosResearch)   For Week of 7th November, 2011 Number of Homes On Market 143 Median Price $569,900 Average List Price $743,834 Average Days on Market 136 Market Action Index 14.7 - Strong Buyer's Median House Size 2,701 sq ft. Data provided by ©2011 Altos Research LLC.The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. The market has shown some evidence of slowing recently. Both prices and inventory levels are unchanged relatively i...
Comments 8
By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
Andover Real Estate - Week Of October 31st, 2011 Here is a snapshot of real estate market for single family homes in Andover, MA for the week of October 31st, 2011. (Source: AltosResearch)   For Week of 31st October, 2011 Number of Homes On Market 149 Median Price $569,900 Average List Price $721,201 Average Days on Market 134 Market Action Index 14.0 - Strong Buyer's Median House Size 2,701 sq ft. Data provided by ©2011 Altos Research LLC.The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Inventory has been decreasing lately but the market index is falling also. With days on market climbing, there  are...
Comments 8
By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
Andover Real Estate - Week Of October 23, 2011 Here is a snapshot of real estate market for single family homes in Andover, MA for the week of October 23rd, 2011. (Source: AltosResearch)   For Week of 23rd October, 2011 Number of Homes On Market 149 Median Price $575,000 Average List Price $726,679 Average Days on Market 129 Market Action Index 14.6 - Strong Buyer's Median House Size 2,714 sq ft. Data provided by ©2011 Altos Research LLC.The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Comments 6
By Lisa Johnson Sevajian, Vice President
(Coldwell Banker Residential Brokerage)
Earlier today I found myself in a pricing discussion with a client that I really like. The good news is they like me too. We get along extremely well and they feel confident knowing that I have spent a great deal of time researching their home and it's actual value.They agree with me that their actual value is X. No problems there. The problem is they want their list price to be X plus about 12.4 percent more than what it is truly worth.I have shown them over and over clearly why it is most likely impossible to find a buyer willing AND capable of paying their ideal price and they agree with me yet they want to "test" the market anyway. For those of us in the industry we know it's no longer just about finding a willing buyer. It's more about finding a willing buyer that can actually buy....
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By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
ANDOVER REAL ESTATE - FOR THE MONTH OF SEPTEMBER 2011 Here is what is happening in Real Estate Market of ANDOVER, MA for the month of SEPTEMBER 2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN) This table compares the real estate market in ANDOVER, MA for the month of SEPTEMBER last year and this year.   SEPTEMBER 2010 SEPTEMBER 2011 Trends Number of Homes Sold 20 24 Median Sale Price $518,000 $549,200 Averge Sale Price $575,500 $617,216 Days on Market 53 115 Sale Price to List Price Ratio 98 98 Total Volume $11,509,999 $14,813,189 All BLUE arrows! Hmmm...great news! The number of sales are up - almost 20% - by 4 and median price is up a lot along with averge price! Wow - look at the total volume, that's gone up, too - almost 30%! Though days on m...
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By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
ANDOVER REAL ESTATE - QUARTERLY REPORT FOR 3rd QUARTER 2011 Here is what is happening in Real Estate Market of ANDOVER, MA in the 3rd Quarted of 2011 - that is from July 1st 2011 to Septemeber 30th, 2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN)     3rd QUARTER 2011 Number of Homes Sold 103 Median Sale Price $544,000 Averge Sale Price $610,491 Days on Market 74 Sale Price to List Price Ratio 97 Total Volume $62,880,569 Feel free to reach me should you have any question about this. See you next quarter - with another report to on how ANDOVER, MA Real Estate market is doing.  
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By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
Andover Day, September 24th, 2011 Andover Day, September 24th, 2011 Andover Day 2011 is September 24, 2011 from 10:00 AM to 5:00 PM (rain date of Sept. 25th). The annual event dubbed "the Fall's biggest street party" will take place from 10 a.m. to 5 p.m. on Saturday September 24th (rain date of September 25th). Last year Andover Day attracted over 6,000 people from Andover, North Andover, North Reading, surrounding communities and Southern NH. It is a great opportunity to promote your business, expand your contacts, attract new customers and be part of the community. The organozers are anticipating over 100 vendors.This year’s event will once again include the River Radio Station, 92.5 FM bringing us an afternoon of music and entertainment. 92.5 River Radio Station will bring performer...
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By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
ANDOVER REAL ESTATE - FOR THE MONTH OF AUGUST 2011 Here is what is happening in Real Estate Market of ANDOVER, MA for the month of AUGUST 2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN) This table compares the real estate market in ANDOVER, MA for the month of AUGUST last year and this year.   AUGUST 2010 AUGUST 2011 Trends Number of Homes Sold 32 42 Median Sale Price $550,000 $547,000 Averge Sale Price $656,298 $615,480 Days on Market 68 62 Sale Price to List Price Ratio 97 97 Total Volume $21,001,525 $25,850,180 The number of sales are up almost 30% - by 10 and median price is down just slightly. The average price has gone down almost 6%. The good news is, days on market for these homes have gone down too. Overall, it's a great market - lot of...
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By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
Andover, MA Public School Calendar for 2011-12 Andover, MA Public School Calendar for 2011-12 It's back to school - once again. It's that time of the year when kids are happy they will meet their frinds once again and the working parents are happy as they will not have to worry about where to leave children in case... Andover, MA Schools reopen on September 6th - the day after labor day. Parents are always interested in when to plan their next vacation with children. So, annual calendar will be very helpful. Here's the Andover, MA Public School Calender for 2011-12:  For more information about the Andover Public School system, please visit http://www.aps1.net.
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By Praful Thakkar, Metro Boston Homes For Sale
(LAER Realty Partners)
ANDOVER REAL ESTATE - FOR THE MONTH OF JULY 2011 Here is what is happening in Real Estate Market of ANDOVER, MA for the month of JULY 2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN)   JULY 2010 JULY 2011 Trends Number of Homes Sold 34 37 Median Sale Price $549,950 $527,500 Averge Sale Price $593.869 $600,465 Days on Market 91 62 Sale Price to List Price Ratio 97 98 Total Volume $20,191,535 $22,217,200   This table compares the real estate market in ANDOVER, MA for the month of JULY last year and this year. The number of sales are slightly up and median price is sligltly down. Overall, it's an excellent market in this time when every one is talking about down market. The only thing down here is -days on market! Feel free to reach me should you ha...
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Andover, MA Real Estate Professionals