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ANDOVER Real Estate - Single Family Homes Week Of February 10th, 2014

By
Real Estate Agent with LAER Realty Partners
ANDOVER Real Estate - Single Family Homes
Week Of February 10th, 2014

Here is a snapshot of real estate market for single family homes in ANDOVER, MA for the week of February 10th, 2014. (Source: AltosResearch).

  For Week of  February 10th, 2014
Median Price $799,000
Average List Price $958,967
Average Days on Market 86
Number of Homes On Market 63
Median House Size 3,550 sq ft.
Market Action Index

39.7 -  Seller's Advantage

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 median list price in ANDOVER, MA this week is $799,000. The 63 properties have been on the market for an average of 86 days.

Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

Inventory is up and Market Action is trending down recently. While dayson- market appears to be trending lower, the overall conditions are weakening a bit. 

SEARCH ALL AVAILABLE ANDOVER HOMES FOR SALE, LIKE I DO!

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Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Praful.... nicely presented market report for Andover MA.... those who are thinking of buying or selling in Andover would be wise to call Praful Thakkar for guidance....Praful has a firm handle on the real estate market in his area....and this includes both resale and new construction homes....

Feb 10, 2014 07:57 PM
Shannon Milligan, Richmond VA Real Estate Agent/Associate Broker
RVA Home Team - Richmond, VA
RVA Home Team - Winning with Integrity.

Nice presentation and market update for Andover real estate. Anyone looking to buy a single family home in Andover should call Realtor Praful Thakkar!

Feb 10, 2014 09:30 PM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Praful,  it looks like your  Andover real estate market is surviving your winter.  I'm sure you'll love our weather here this week and I can't wait to meet you.

Feb 11, 2014 08:18 AM
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Praful- It looks like you have about 63 houses to get out there and sell!  Good luck!!!

Feb 11, 2014 11:53 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks all for stopping by - great market for Andover then.

Aug 21, 2015 02:51 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks for kind words, Barbara...

Aug 21, 2015 02:52 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

I like to stay on top of market in some of the nearby towns - including Andover.

Aug 21, 2015 02:52 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks for stopping by Shannon. Appreciate it.

Aug 21, 2015 02:53 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

(And thanks for kind words )

Aug 21, 2015 02:53 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

It was a great meeting, Juli! Wow - time flies...

Aug 21, 2015 02:53 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And nice market Andover is - for sure.

Aug 21, 2015 02:54 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

63 Houses in Andover is a low inventory Shanna.

Aug 21, 2015 02:54 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And the homes do sell quickly in Andover.

Aug 21, 2015 02:54 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Though Market Action Index is below 40, look at the days on market - under 3 months.

Aug 21, 2015 02:55 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And look at the average list price - close to million dollar.

Aug 21, 2015 02:55 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Even median price is close to $800K in that market where Andover was REALLY HOT! Not so much now.

Aug 21, 2015 02:56 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Very detailed market report for this town. Love the stats you share.

Jan 25, 2018 08:46 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Looks like Andover market is getting hotter day by day. All the best.

Jan 25, 2018 08:46 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Median price and the average price for your market are so much more than what we have here in Columbus, OH.

 

Jan 25, 2018 08:46 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

A very good market report for the single-family homes market in Andover.

Jan 25, 2018 08:46 PM