Andover Real Estate Market - Multi-family, Land Stats for first half of 2010

By
Real Estate Agent with LAER Realty Partners

As I prepare the weekly report for different towns, here is YTD 2010 snapshot for all other type of home sales in Andover, MA - multi family, land, mobile homes, rental etc. (Data Source: MLSPIN)

Here it is...

So far this year, 20 units sold

at an average price  of $324,693

and median price of $295,000

days on market were 211

and the final sale price was 80% of the original asking price!

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Topic:
ActiveRain Community
Location:
Massachusetts Essex County Andover
Groups:
MA REALTORS
Tags:
andover home for sale
andover real estate market multifamily
land stats for first half of 2010

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Ambassador
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Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Praful--Wow---final price just 80% of asking price.  We are doing a little better here in Indiana.  Still running in the 90's% range for selling price.  2011 is going to be the year.  Right?   RIGHT!!!!

Nov 29, 2010 03:32 PM #1
Ambassador
4,302,956
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Pat, overall, market is pretty good. It is surely better than 80% - but this stats include rentals, land etc. Let me try to separate them out - to get a better idea.

Nov 30, 2010 03:07 AM #2
Ambassador
4,302,956
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Well, just so one multi-family home listed at 425K and sold at 160K - so that's where the average is skewed. (with only 4 multi-family sale this year, one bad sale will have a major impact on stats - good Andover is not a town where people look for multi-family homes!)

Nov 30, 2010 03:11 AM #3
Rainer
279,438
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

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

Apr 08, 2018 10:10 PM #4
Rainer
279,438
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

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

Apr 08, 2018 10:10 PM #5
Rainer
279,438
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

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

Apr 08, 2018 10:10 PM #6
Rainer
279,438
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

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

Apr 08, 2018 10:10 PM #7
Rainer
279,438
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

I like the idea of Market Action Index - gives clear picture of the market here.

Apr 08, 2018 10:10 PM #8
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Praful Thakkar

Andover, MA: Andover Luxury Homes For Sale
What did my neighbor's home sell for?
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