Admin

NORTH ANDOVER Real Estate Market Trends: Week of December 7th, 2015

By
Real Estate Agent with LAER Realty Partners
NORTH ANDOVER Real Estate Market Trends:
 Week of December 7th, 2015

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.

Here is a snapshot of real estate market for single family homes and condo/townhouses in NORTH ANDOVER, MA for the week of December 7th, 2015. (Source: AltosResearch).

Week of December 7th, 2015 Single Family Homes Condo/Townhouse
Median List Price $607,450 $299,000
Average List Price $732,210 $317,243
Average Days on Market 109 90
No. of Homes On Market 70 33
Median House Size 3,147 sq ft. 1,506 sq ft.
Market Action Index

33.8 -  Seller's Advantage

47.7 - Strong Seller's

Data provided by ©2005-2014 Altos Research LLC.

The median list price in NORTH ANDOVER, MA for single family homes this week is $607,450. The 70 properties have been on the market for an average of 109 days. Average price per square foot is $203.
 The most expensive single family listing is at $2,295,000 and the least at $259,900.
The median list price in NORTH ANDOVER, MA for condo/townhouse this week is $299,000. The 33 properties have been on the market for an average of 90 days. Average price per square foot is $195. The most expensive condo listing is at $484,999 and the least at $115,000.

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

Comments(18)

Show All Comments Sort:
Jan Sohlman
RE/MAX Integrity - Eugene, OR
RE/MAX Integrity

Pratful,

Great stats on the market in your area! The price of homes and condos are a lot higher in your area than in the Eugene/Springfield Oregon market.  I hope you continued success in 2015 and throughout the new year.

Dec 16, 2015 08:28 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Praful

Thanks for sharing the detailed the weekly trend report for North Andover Massachusetts for the week of December t, 2015.

Good luck and success.

Lou Ludwig

Dec 16, 2015 12:15 PM
Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great Information. A valuable market report for buyers and sellers in your community!

Dec 16, 2015 11:50 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks all for stopping by and your comments.

Jan 04, 2016 02:44 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Indeed great market North Andover is.

Jan 04, 2016 02:45 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Condos are almost half of single family homes - that's the reason for demand, Jan.

Jan 04, 2016 02:45 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Market Action Index is over 55 for condos - real hot marekt - and only 33 condos are on market.

Jan 04, 2016 02:46 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

It is on market for 90 days - sells quickly for sure.

Jan 04, 2016 02:46 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median List Price for condo - under $300K - good bargain for buyers.

Jan 04, 2016 02:47 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

$/sq ft under $200 for condos - again a bargain for buyers.

Jan 04, 2016 02:47 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

So is true for average list price - just about $300K for condos - compare that with single family homes over $730K!

Jan 04, 2016 02:48 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median List Price is also over $650K for single family homes with just 70 single family homes on market.

Jan 04, 2016 02:48 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

It sells in about 109 days - pretty quick. $/sq ft for single family homes - just over $200.

Jan 04, 2016 02:49 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Though single family home market is just a bit in favor of sellers - with market action index at 33.8.

Jan 04, 2016 02:50 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks for stopping by Lou - appreciate it.

Jan 04, 2016 02:50 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall great condo market - and balanced single family market - sort of.

Jan 04, 2016 02:50 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks for stopping by Bob Basemann - Really appreciate it.

Jan 04, 2016 02:51 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks all for stopping by and your comments.

Really appreciate it.

Jan 04, 2016 02:56 PM