ANDOVER Real Estate Market Trends: Week of January 16th 2017

By
Real Estate Agent with LAER Realty Partners
https://activerain.com/droplet/4Zyg
ANDOVER Real Estate Market Trends:
Week of January 16th, 2017

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 January 16th, 2017. (Source: AltosResearch).

Week of January 16th, 2017 Single Family Homes Condo/Townhouse
Median List Price $849,900 $679,200
Average List Price $1,086,816 $748,929
Average Days on Market 220 113
No. of Homes On Market 45 20
Median House Size 3,700 sq ft. 2,300 sq ft.
Market Action Index

39.8 -  Seller's Advantage

38
38.8 - Seller's Advantage

Data provided by ©2005-2017 Altos Research LLC.

The median list price in ANDOVER, MA for single family homes this week is $849,900. The 45 properties have been on the market for an average of 220 days. The average asking price per square feet is $245. The most expensive single family home is listed at $3,295,000 and the least at $199,000. The median list price in ANDOVER, MA for condo/townhouse this week is $679,200. The 20 properties have been on the market for an average of 113 days. The average asking price per square feet is $322 The most expensive condo is listed at $1,325,000 and the least at $259,900.

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

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Rainmaker
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Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Praful Thakkar - buyers and sellers will appreciate the weekly update on "How the Market's Doing?" for Andover MA. 

Feb 12, 2017 04:26 PM #1
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks, Sheri Sperry - MCNE®.

This is the format I like - it answers most of the questions buyers and sellers may have regarding the market.

Feb 12, 2017 04:34 PM #2
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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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