EagleTribune.com, North Andover, MA

February 10, 2013

Real Estate Briefs


The Eagle-Tribune

---- — MERRIMACK & NASHOBA VALLEYS — The Northeast Association of REALTORS (NEAR) reports that the number of single family homes sold during December in the 15 cities and towns from Boxford to Littleton was up by 11.6 percent compared with December of 2011. During all of 2012, a total of 3,207 single family home sales were sold in the area, a 23.3 percent increase over the previous year and the highest annual sales total since 2005. Condominium sales also rose sharply in December, climbing by 32.9 percent versus December of the previous year, and for the entire year, condo sales were up by 21.6 percent to a total of 1,172, the highest annual condo sales volume locally since 2007. The report is based on data from MLS Property Information Network in Shrewsbury.

The report also showed that the median sales price for single family homes sold locally in December was $307,700, a 14 percent increase over the median of $270,000 recorded in December of 2011. For 2012 as a whole versus 2011, the median sales price for single family homes rose by 3.3 percent to $309,900. Meanwhile, condominiums sold locally during December had a median sales price of $177,500, an increase of 7.6 percent compared with the median of $165,000 set in December of 2011. For all of 2012, the median price of condos sold locally was $170,000, a drop of 2.9 percent versus the $175,000 median price of condos sold in the area during 2011.

The report also provided inventory levels of area homes for sale as of Jan. 15. The 904 available single family homes represent the lowest inventory level in more than 10 years. Meanwhile, the 370 condominiums available for sale as of Jan. 15, is the lowest inventory level for condos since 2004. The height of inventory for both property types were set in 2006 and 2007 at 2,242 available single family homes and 1,251 condos.

The report also showed that the average length of time it took for a single family home sold in December to go from listing to a closed transaction was 123 days, unchanged from December of 2011. For condominiums, the average days on market in December was 90 days, a drop of 39.6 percent over the 149-day pace to sell that was set for condos in December of 2011.

Also contained in the report is information on residential properties locally that became classified as pending (i.e., under agreement but not yet closed) during December. For single family homes, the volume of pending sales in December rose by 17.6 percent to 220 agreements, versus 162 new pending sales in December of 2011, while the median price of those properties rose by 10.7 percent, to $309,900. Meanwhile, the number of pending sales for condominiums locally during December rose by 3.4 percent compared with the previous December, to 90 pending sales, with a median agreed-upon price of $179,900, an increase of 9.1 percent versus agreements made in December of 2011. Pending sales figures are considered a good indicator of future sales activity.

The Northeast Association of REALTORS is one of 1,500 local chapters of the National Association of REALTORS. Officially, NEAR covers 15 cities and towns from Boxford to Littleton, though it has members from more than 50 cities and towns in the Merrimack and Nashoba valleys as well as southern New Hampshire.

WINDHAM — Shannon DiPietro, managing partner of Coco, Early & Associates’ new Windham location, announces that Nataliya Carpenito has joined her team of Realtors.

Born and raised in Russia, Carpenito now lives in Windham with her family. She is licensed to sell homes in Massachusetts and New Hampshire and is a certified interior designer. She also has experience in commercial real estate. Prior to this career, Carpenito worked as a medical doctor in both Russia and Boston.

Carpenito can be reached directly at ncarpenito@cocoearly.com or by calling the office at 603-893-3433, ext. 4531.