Home prices in Danvers Massachusetts January 2016

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Real Estate Agent with Keller Williams Realty 9061305
https://activerain.com/droplet/4MzJ

Home Prices in Danvers Massachusetts January 2016


Real estate market data for Danvers, MA provided by Ronald Dobrosielski of  Dobi Team.

 

Danvers Home Prices

 

We have seen 36 straight months of listing price increases on home prices in Danvers Ma and don’t expect things to slow down anytime soon.  If you are considering buying a home you can still find deals on a house in Danvers but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Danvers home on which you are making an offer.

If you are interested in how much current inventory is on the market in Danvers you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Danvers, homes have a median time of 58 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Redmond has multiple offers coming in on homes similar to what we saw back in 2006. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.  

 

Chart Temporarily Unavailable

 

Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).

By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Chart Temporarily Unavailable

The number of active listings in Danvers (01923) dropped by 23.8%from the previous month.

The median number of days active properties have been listed is 111.

Single Family Listings: 128    Avg. Liv.Area SqFt: 2,273.18    Avg. List$: $460,088    Avg. List$/SqFt: $219    Avg. DOM: 57.79    Avg. DTO: 27.22   Avg. Sale$: $457,630   Avg. Sale$/SqFt: $219

 

Find Homes for Sale in Danvers Ma

Visit my website to DobiRealEstate.com or to be notified when Danvers homes come on the market.

To find out what you home is worth in the current market email me or call 978-766-9862.

 

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Topic:
Home Selling
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home value
essex county
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Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Welcome to ActiveRain Ron!  Thanks for the Follow.  There is so much to learn here "in the Rain" and I'm sure you'll be an asset with your market reports and blogging efforts.

Blog often, comment often and build relationships with other members....you'll be glad you did, it's a great community.  You may also want to check out the contests for this month.  You'll find them under the Resource Tab.....great way to get your feet wet "in the Rain" and exposure to many more members.

Best of luck to you!

Jan 08, 2016 12:15 AM #1
Rainer
19,539
Ron Dobrosielski
Keller Williams Realty - Beverly, MA

Thank you

Jan 08, 2016 01:48 AM #2
Rainmaker
956,088
Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Ron, great to read your Danvers home sale are increasing month to month and 58 days average on market is not bad. Love the graph charts.

Jan 08, 2016 04:19 AM #3
Rainmaker
2,846,609
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I'm not familiar with this area of Massachusetts but you make it sound pretty interesting!

Jan 08, 2016 03:33 PM #4
Rainmaker
2,846,609
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I gave you a follow as a welcome. Feel free to follow back. And happy blogging!

Jan 08, 2016 03:34 PM #5
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Rainer
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Ron Dobrosielski

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