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August 26, 2012

Real Estate Briefs

NORTH ANDOVER — On Aug. 2, lifelong North Andover resident, George Schruender Jr., was awarded the designation of Realtor Emeritus by the National Association of Realtors in recognition of his 40 years of service as a Realtor. As a second generation Realtor, Schruender began his career in April 1972, at Schruender Real Estate on Chickering Road in North Andover, now Real Living Schruender Real Estate. He has seen housing markets go up and down over his long tenure, but he has remained committed to the business and the community around him. Schruender is one of only two area real estate agents to win the Realtor of the Year Award before becoming President of the Board. While he is a familiar face in the real estate circles, he is just as well known for his tireless community service efforts which have earned him the North East Association of Realtors Good Neighbor Award in both 2009 and 2010. Schruender also serves on numerous local boards and committees.

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MERRIMACK & NASHOBA VALLEYS — The Northeast Association of REALTORS (NEAR) repor

ts that single family home sales during June in the 15 cities and towns from Boxford to Littleton rose by 10.7 percent compared with June of last year, while the number of condominiums sold jumped by 18.3 percent during the same time frame. Year-to-date, sales of both property types were up by 23.4 percent and 16.3 percent, respectively. Additionally, compared with May, transactions in June were up for single family homes by 9.7 percent, and for condominium sales by an impressive 29.5 percent. The report is based on data from MLS Property Information Network in Shrewsbury.

The report also showed that the median price for single family homes sold locally during June was $349,950, an increase of 9.4 percent versus last June, and an increase of 15.9 percent over May’s median price of $302,000. Meanwhile, the median price of condominiums sold in June was $172,000, a drop of 18.7 percent compared with last year and a decrease of 13.1 percent versus May’s median of $198,000.

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