ANDOVER Real Estate Market Trends: Week of September 26th, 2016

By
Real Estate Agent with LAER Realty Partners
https://activerain.com/droplet/4Xdd
ANDOVER Real Estate Market Trends:
 Week of September 26th, 2016

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. The 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 ANDOVER, MA for the week of September 26th, 2016. (Source: AltosResearch).

Week of September 26th, 2016 Single Family Homes Condo/Townhouse
Median List Price $772,400 $799,900
Average List Price $1,013,693 $680,336
Average Days on Market 133 93
No. of Homes On Market 100 25
Median House Size 3,300 sq ft. 3,060 sq ft.
Market Action Index

36.1 -  Seller's Advantage

37.3 - Seller's Advantage

Data provided by ©2005-2016 Altos Research LLC.

The median list price in ANDOVER, MA for single family homes this week is $772,400. The 100 properties have been on the market for an average of 133 days. The average asking price per square feet is $244. The most expensive single family home is listed at $3,695,000 and the least at $329,000. The median list price in ANDOVER, MA for condo/townhouse this week is $799,900. The 25 properties have been on the market for an average of 93 days. The average asking price per square feet is $238. The most expensive condo is listed at $1,325,000 and the least at $109,900.

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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Massachusetts Essex County Andover
Groups:
Active Rain Newbies
MA REALTORS
Market Reports
Addicted to Active Rain
2016 Market Reports
Tags:
andover real estate market trends week of september 26th 2016

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The most expensive single-family home listing in Andover this week is at $2,450K.

Oct 05, 2017 10:56 PM #12
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The least expensive single-family home listing in Andover this week is at $330K.

Oct 05, 2017 10:56 PM #13
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The average price for the single-family homes in Andover this week is $217/sq ft.

Oct 05, 2017 10:56 PM #14
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

A low number of days on market and low inventory shows Single Family Market in Andover is really hot.

Oct 05, 2017 10:57 PM #15
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

A high number of days on market and low inventory shows Single Family Market in Andover is likely to be hot.

Oct 05, 2017 10:57 PM #16
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

A low number of days on market but high inventory shows Single Family Market in Andover is likely to slow down.

Oct 05, 2017 10:57 PM #17
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

A high number of days on market and high inventory shows Single Family Market in Andover is cold.

Oct 05, 2017 10:57 PM #18
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Based on the median price and the average price, it seems the market for single-family homes is going up.

Oct 05, 2017 10:57 PM #19
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Let me continue with the market trends for condo or townhomes in Andover this week.

Oct 05, 2017 10:57 PM #20
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The Median List Price of the Condo or townhomes this week in Andover is $341K.

Oct 05, 2017 10:57 PM #21
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The Average List Price of condo or townhomes this week in Andover is $364K.

Oct 05, 2017 10:57 PM #22
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The average days on market for condo or townhomes this week in Andover is 124.

Oct 05, 2017 10:58 PM #23
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

There are 20 condo or townhomes on the market this week in Andover.

Oct 05, 2017 10:58 PM #24
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The median home size of the condo or townhome is 1,984 sq ft in Andover this week.

Oct 05, 2017 10:58 PM #25
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The Market Action Index for the Condo or Townhomes this week in Andover is 66.0.

Oct 05, 2017 10:58 PM #26
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The most expensive condo or townhome listing in Andover this week is at $595K.

Oct 05, 2017 10:58 PM #27
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The least expensive condo or townhome listing in Andover this week is at $209K.

Oct 05, 2017 10:58 PM #28
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

The average price for the condo or townhomes in Andover this week is $194/sq ft.

Oct 05, 2017 10:58 PM #29
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

A low number of days on market and low inventory shows Condo or townhomes Market in Andover is really hot.

Oct 05, 2017 10:58 PM #30
Ambassador
4,306,172
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

A high number of days on market and low inventory shows Condo or townhomes Market in Andover is likely to be hot.

Oct 05, 2017 10:58 PM #31
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
4,306,172

Praful Thakkar

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

Additional Information