EagleTribune.com, North Andover, MA

March 17, 2013

Real Estate Briefs

The Eagle-Tribune

---- — SALEM, N.H. — Coco, Early & Associates announces that Natalie Lee has joined their team of agents in the Salem, N.H. office. Lee will be focused on clients hoping to buy or sell homes in southern New Hampshire. Lee, who grew up in Derry, currently lives in Londonderry with her husband and three young children. She is fluent in both English and French Canadian. She and her husband own and operate a fertilization and landscape business in the area as well. She can be reached directly at nlee@cocoearly.com, or via phone in the Salem office at 603-890-3226.

METHUEN — Century 21 McLennan & Company announces that Sarah Zanni has joined the Methuen firm. Zanni has over 12 years’ sales experience working for fortune 500 companies. She looks forward to working closely with buyers and sellers to share her corporate and deep rooted local experience. Zanni lives in Methuen with her husband and children who attend Methuen schools.

BOSTON — The Boston Celtics and RE/MAX of New England have announced the launch of the RE/MAX of New England Home Court Program for 2013. The Home Court Program is entering its eighth year of awarding three Celtics fans a driveway renovation featuring a new home basketball court, and a Celtics-themed bedroom makeover. In addition, each winner will receive a visit from a current Boston Celtics player and a legend to help dedicate the new home court. The winning families will also receive a community basketball clinic in their hometown for 100 kids.

As part of the launch, the Celtics and RE/MAX of New England honored last year’s winners at the Feb. 1, Celtics home game including the Almanzar family of Lawrence and Heim family of North Andover. Prior to the game, the Almanzar and Heim families got their picture taken at center court and were then recognized on the jumbotron during the game.

Fans can enter the RE/MAX Home Court contest by logging onto celtics.com and submitting a 500-word essay along with photos explaining why they need a “home court makeover.” A judging panel will review the essays and select three winners who will receive the home court makeover featuring a driveway or court resealing, a brand new basket stanchion, backboard, electronic scoreboard, a ball rack, and other Celtics-themed items. Each winner will also receive a visit from a Boston Celtics player and legend to their home for a dedication ceremony and a youth basketball clinic with other children in the community.

Entry forms are available online at celtics.com. Deadline for entries is May 15.

WALTHAM — Coldwell Banker Residential Brokerage Cares, the charitable foundation of Coldwell Banker Residential Brokerage New England, raised more than $76,000 for Perkins School for the Blind at a recent fundraiser.

The funds were raised during the eighth annual Coldwell Banker Residential Brokerage Cares Spirit of Home Awards Celebration held at the Boston Harbor Hotel. More than 300 real estate professionals from throughout New England, as well as business and community leaders gathered for the event, which featured a live and silent auction.

Coldwell Banker Residential Brokerage Cares’ primary purpose is to provide financial assistance to housing-related causes in the communities where Coldwell Banker Residential Brokerage New England has a presence. Since its inception, Coldwell Banker Residential Brokerage Cares has donated millions of funds to hundreds of nonprofit organizations. Coldwell Banker Residential Brokerage Cares is the New England chapter of The Realogy Foundation.

Sales associates and employees of Coldwell Banker Residential Brokerage New England donate a portion of their sales commissions and paychecks to Coldwell Banker Residential Brokerage Cares.

For more information, visit NewEnglandMoves.com.

MERRIMACK & NASHOBA VALLEYS — The Northeast Association of Realtors (NEAR) reports that the median sales price for single family homes sold during the months of January and February, combined in the 15 cities and towns from Boxford to Littleton, was $302,000 a 21.2 percent increase over the median of $268,750 recorded in January-February of 2012. Meanwhile, condominiums sold locally during January and February had a median sales price of $182,875, an increase of 18.4 percent compared with the median of $154,500 set in January through February of 2012.

The report also showed that the number of single family homes sold locally was up by 15.2 percent compared with January-February of 2012. Condominium sales volume decreased slightly in January and February, down 3.1 percent year over year. The report is based on data from MLS Property Information Network in Shrewsbury.

The report also provided inventory levels of the number of area homes for sale as of March 15. The 1,001 available single family homes represent the lowest inventory level for the month of March since 2004. The 425 condominiums available for sale as of March 15 is also the lowest inventory level since 2004. The height of inventory for both property types were set in 2008 and 2007 at 1,648 available single family homes and 1,136 condos.

NEAR also reported on residential properties locally that became classified as pending (i.e., under agreement but not yet closed) during February. The volume of pending sales for single family homes in February decreased by 15.7 percent to 198 agreements, versus 235 new pending sales in February of 2012. The pending sales numbers reflect the overall low inventory and increased demand, as prices of pending single family sales increased by 33.3 percent. Meanwhile, the number of pending sales for condominiums locally during February rose by 3.4 percent compared with the previous February, to 92 pending sales, with a median agreed-upon price of $174,400 an increase of 9.1 percent versus agreements made in February of 2012. Pending sales figures are considered a good indicator of future sales activity.