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Andover, MA Real Estate News

By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
ANDOVER REAL ESTATE - FOR THE MONTH OF JUNE 2011 Here is what is happening in Real Estate Market of ANDOVER, MA for the month of JUNE2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN)   JUNE 2010 JUNE 2011 Trends Number of Homes Sold 40 39 Median Sale Price $501,750 $524,900 Averge Sale Price $556,975 $565,918 Days on Market 71 94 Sale Price to List Price Ratio 98 97 Total Volume $22,279,000 $22,070,790   This table compares the real estate market in Andover, MA for the month of JUNE last year and this year. Almost same as it was last year - though days on market has gone up. Feel free to reach me should you have any question about this. See you next month - with another report to on how Andover, MA Real Estate market is doing.  
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By Greg Afarian
(Virtual Media Realty & ZIPVO)
You ever look a listing and wonder who would post pictures like that, why are their only 2 pictures, why is this person only offering a 1% co-broke, and then you find out its being offered through a entry only listing service. Dealing with a seller directly in most cases while your representing a buyer is difficult. Doing the work for 2 agents and not getting paid isn't fun either! Some seller don't put any value into the fact of what you have to bring to the table. A buyer, an valid contract, professional representation.... We aren't selling a used pair of shoe's here. I've seen many FSBO listings that have, NO Seller Disclosure, NO Lead Paint Disclosure, NO Attorney representing them. HELLO? Can you say lawsuit? I mean seriously, selling a home isn't something that you just put a list...
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Market stats for Single Family properties in ANDOVER, MA 01810 as of 17 Jun 2011 Median Price: $589,900 Mean Price: $735,584 Inventory: 172 Market Heat: 14.85 Days on Market: 84 Price per Square Foot: $231 Median Square Feet: 2,584 Median Lot Size: 31,926 Average Beds: 3.82 Average Baths: 3.10   Data provided by and ©2011 Altos Research LLC  
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
ANDOVER REAL ESTATE - FOR THE MONTH OF MAY 2011 Here is what is happening in Real Estate Market of ANDOVER, MA for the month of MAY 2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN) MAY 2010 MAY 2011 Trends Number of Homes Sold 24 21 Median Sale Price $557,500 $380,000 Averge Sale Price $653,006 $500,257 Days on Market 94 80 Sale Price to List Price Ratio 98 96 Total Volume $15,672,149 $10,505,404   This table compares the real estate market in Andover, MA for the month of May last year and this year. All RED ARROWS - good only for Days on Market! Feel free to reach me should you have any question about this. See you next month - with another report to on how Andover, MA Real Estate market is doing.  
Comments 8
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Andover Real Estate - Week Of April 17, 2011 Here is a snapshot of real estate market for single family homes in Andover, MA (Source: MLSPIN)   For Week of 17th April, 2011 Number of Homes On Market 125 Median Price $609,900 Average List Price $799,979 Average Days on Market 116 Newly Listed 7 Price Changes 0
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
ANDOVER REAL ESTATE - FOR THE MONTH OF March 2011 Here is what is happenning in Real Estate Market of ANDOVER for the month of March 2011. Please note that this statistics is for Condominiums and town homes only. (SOURCE: MLSPIN)   March 2010 March 2011 Trends Number of Homes Sold 3 3 Median Sale Price $159,000 $128,000 Averge Sale Price $170,500 $465,967   Days on Market 87 59 Sale Price to List Price Ratio 98% 95% Total Volume $511,500 $1,397,900   This table compares the real estate market in ANDOVER, MA for the month of March last year and this year. Feel free to reach me should you have any question about this. See you next month - with another report to on how ANDOVER, MA Real Estate market is doing. 
Comments 7
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
ANDOVER REAL ESTATE - FOR THE MONTH OF March 2011 Here is what is happenning in Real Estate Market of ANDOVER for the month of March 2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN)   March 2010 March 2011 Trends Number of Homes Sold 22 12   Median Sale Price $459,769 $562,500 Averge Sale Price $507,636 $568,267   Days on Market 204 173 Sale Price to List Price Ratio 96% 97% Total Volume $11,167,998 $6,819,200   This table compares the real estate market in ANDOVER, MA for the month of March last year and this year. Feel free to reach me should you have any question about this. See you next month - with another report to on how ANDOVER, MA Real Estate market is doing. 
Comments 6
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Andover Real Estate - Week Of March 20, 2011 Here is a snapshot of real estate market for single family homes in Andover, MA (Source: MLSPIN)   For Week of 20th March, 2011 Number of Homes On Market 106 Median Price $604,900 Average List Price $809,032 Average Days on Market 132 Newly Listed 11 Price Changes 0
Comments 5
By Jim Mushinsky
(Centsable Inspection)
An Andover MA home buyer should receive a brochure, Home Inspectors Facts for Consumers Sheet, at the time of the signing of the first written contract to purchase. A standard home inspection in Massachusetts is a visual examination of the physical structure and major interior systems of a residential building consisting of one to four dwelling units. It should be understood that there are certain risks inherent in the purchase of property and a home inspection is inherently limited in its scope and depth. The information gained from home inspection conforming to the Massachusetts Home Inspector Standards of Practice may reduce some of those risks, but the home inspection is not intended to provide the client with protection from all of the risks involved. Visit the Andover MA Home Insp...
Comments 0
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Andover Real Estate - Week Of March 6, 2011 Here is a snapshot of real estate market for single family homes in Andover, MA (Source: MLSPIN)   For Week of 6th March, 2011 Number of Homes On Market 88 Median Price $604,250 Average List Price $846,785 Average Days on Market 145 Newly Listed 2 Price Changes 0  
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
ANDOVER REAL ESTATE - FOR THE MONTH OF February 2011 Here is what is happenning in Real Estate Market of ANDOVER for the month of February 2011. Please note that this statistics is for SINGLE FAMILY HOMES only. (SOURCE: MLSPIN)   February 2010 February 2011 Trends Number of Homes Sold 15 16   Median Sale Price $420,000 $447,500 Averge Sale Price $514,107 $518,334   Days on Market 133 130 Sale Price to List Price Ratio 97% 97% Total Volume $7,711,600 $8,293,350   This table compares the real estate market in ANDOVER, MA for the month of February last year and this year. Feel free to reach me should you have any question about this. See you next month - with another report to on how ANDOVER, MA Real Estate market is doing. 
Comments 3
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Andover Real Estate - Week Of February 20, 2011 Here is a snapshot of real estate market for single family homes in Andover, MA (Source: MLSPIN)   For Week of 20th February, 2011 Number of Homes On Market 75 Median Price $559,000 Average List Price $841,461 Average Days on Market 162 Newly Listed 3 Price Changes 0  
Comments 8
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Andover Real Estate - Week Of February 13, 2011 Here is a snapshot of real estate market for single family homes in Andover, MA (Source: MLSPIN) For Week of 13th February, 2011 Number of Homes On Market 79 Median Price $575,000 Average List Price $837,725 Average Days on Market 166 Newly Listed 10
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Andover Real Estate - Week Of February 6, 2011 Here is a snapshot of real estate market for single family homes in Andover, MA (Source: AltosResearch) For Week of 6th February, 2011 Number of Homes On Market 79 Median Price $550,000 Average List Price $832,450 Average Days on Market 164 Newly Listed 4
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Andover Real Estate - January Report Here is a snapshot of real estate market for single family homes in North Reading, MA (Source: MLSPIN) Number of Homes Sold 10 Median Price $457,784 Average Sale Price $472,888 Days on Market 170 Total Volume $4,728,878 Average List Price $494,910 SP:LP 95% This table shows that Andover real estate is almost balanced in terms of sale price and median price - with seasonal adjustment. The ratio of sale price to list price is identical 2010 was 97% and now 95% - so it is tilting in favor of buyer - may be due to winter? Overall, it shows about 8 months of inventory, thus favoring buyers and home is likely to be on market for longer unless it is priced right.
Comments 2
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Andover Real Estate - Week Of January 28, 2011 Here is a snapshot of real estate market for single family homes in Andover, MA (Source: AltosResearch)   For Week of 28th January, 2011 Number of Homes On Market 86 Median Price $549,950 Average List Price $815,538 Days on Market 142 Newly Listed 9 And here is the same information in a different format.
Comments 8
By Kevin Vitali, Helping Massachusetts Home Buyers and Home Sellers
(EXIT Realty Beatrice Associates)
421 South Mains Street- Closed $295,000 4 Bedrooms 2 Bath 1857 sq feet .37 Acres What does it take to close a short sale?  Short sales are not the easiest of real estate transactions.  If you are considering a short sale, first and foremost you need to work with a real estate agent that knows what they are doing.   You want an agent that has been doing short sales for a number of years with them successfully closing at least 5-10 short sales a year.  A successful short sale agent should be working with an attorney on the negotions of the short sale.  An agent should not be negotiating them themselves, you will be under represented in the short sale if they are not using an attorney. The business of short sales is very dynamic.  The way the banks view short sales is ever changing.  You n...
Comments 2
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Andover Real Estate - Stats for 2010 Here is a snapshot of real estate market for condominums and townhouses in Andover, MA (Source: MLSPIN)   2010 2009  Difference Number of Homes Sold 63 73 down 13.7% Median Price $235,000 $189,900 up 24.2% Average Sale Price $269,916 $277,664 down 2.79% Days on Market 133 121 up 9.9% Total Volume $17,004,700 $20,269,500 down 16.10% Average List Price $282,060 $292,348 down 3.52% SP:LP 96% 96% unchanged This table clearly shows that Andover real estate for condominiums is following a downward trend in terms of total sales and sale price. Though the average sale price is down by less than 3%, overall volume for the year is down by as much as 16% and average median price is up by about 24%. One nore negative trend is days on market - which is not so si...
Comments 13
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Andover Real Estate - Stats for 2010 Here is a snapshot of real estate market for Andover, MA (Single Family Homes only) (Source: MLSPIN)   2010 2009  Difference Number of Homes Sold 283 251  up 12.74% Median Price $520,000 $525,000 down 0.9% Average Sale Price $582,680 $571,516 up 1.95% Days on Market 103 109 down 5.5% Total Volume $164,898,479 $143,450,545 up 14.95% Average List Price $602,594 $594,032 up 1.44% SP:LP 97% 97% unchanged This table clearly shows that Andover real estate is following an upward trend in terms of total sales and sale price. Though the median price is down by less than 1%, overall volume for the year is up by as much as 15% and average sale price is also up by about 2%. Other positive trend is days on market - which is not so significant but it took less da...
Comments 5
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Here's Andover's Stats for week ending 12/25/2010 - Condo and multi-family Homes (Data Source: MLSPIN) # of homes sold - 2 Average Sale Price: $178,450 sold at 88% of original asking price Median Price: $178,450 # of Days on market: 183 Total Volume: $356,900 Not bad for this time of the year.  
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