EagleTribune.com, North Andover, MA

September 2, 2012

Real Estate Briefs


The Eagle-Tribune

---- — LONDONDERRY — Amanda Butler, a REALTOR with the Coldwell Banker Residential Brokerage Londonderry office, has achieved the Sales Associate of the Month award. She received this honor for achieving the highest number of sales volume for the month of June. Butler, a resident of Londonderry, is a committee member for Beautify Londonderry and a lacrosse coach for Londonderry High School.

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LONDONDERRY — Coldwell Banker Residential Brokerage in New England welcomes Linda McLaughlin to the Coldwell Banker Residential Brokerage office in Londonderry. As a sales associate, McLaughlin will provide residential real estate services in Londonderry as well as the surrounding towns. She has chosen a career in real estate after working as an office manager/bookkeeper. McLaughlin is a member of the Granite State South Board of REALTORS and the National Association of REALTORS. She is a lifelong resident of New England and has resided in Derry for 17 years.

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METHUEN — Connie Doto, broker/owner of Connie Doto Realty Group, has been accepted as a member of the Realty Guild, a group of independent real estate business owners. Connie Doto Realty Group has had tremendous success and growth in business since opening in October 2010, at 119 Pleasant St., Methuen. By 2011, Doto was ranked one of the top two listing agents in Methuen by the

Multiple Listing Service.

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KEENE — Paul Redmond and Deni Oven have been recognized as being in the Better Homes & Gardens The Masiello Group Top 20 Realtors for sales and marketing performance during the month of June 2012. This recognition is earned each month by the company’s top 20 Realtors out of the group’s more than 500 Realtors throughout northern New England.

To learn more about Better Homes and Gardens Real Estate The Masiello Group, visit masiello.com.

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KEENE — Jane Costello has been recognized as being in the Better Homes & Gardens The Masiello Group Top 20 Realtors for sales and marketing performance during the month of July in the Windham office. This recognition is earned each month by the company’s Top 20 Realtors out of the group’s more than 500 Realtors throughout northern New England.

To learn more about Better Homes and Gardens Real Estate The Masiello Group, visit masiello.com.

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MERRIMACK & NASHOBA VALLEYS — The Northeast Association of REALTORS (NEAR) reports that single family home sales during July in the 15 cities and towns from Boxford to Littleton climbed by 38.3 percent compared with July of last year, while the number of condominiums sold soared by 60.5 percent during the same period. Year-to-date, sales of both property types were up by more than 20 percent, with a 26.2 percent increase in single family home sales and a 23 percent gain in condominium sales. Compared with June, transactions in July were up for single family homes by 6.2 percent, and condominium sales month-to-month were basically flat, down by 0.8 percent. The report is based on data from MLS Property Information Network in Shrewsbury.

The report also reflected increases in the median sales price for both single family homes and condos sold locally during July, compared with July of 2011. Specifically, the median price for single family homes sold in July was $330,000, a 3.4 percent increase versus last July, but a 5.7 percent drop over June’s median price of $349,950. For condominiums sold in July, the median price of $197,000 is an increase of 6.5 percent compared with last year and a jump of 14.5 percent versus June’s median of $172,000.

The average length of time it took for the single family homes that sold in July to go from listing to closing was 112 days, an increase of 27.3 percent over last July’s average of 88 days. It took an average of 122 days for the condominiums sold during July to close, an increase of 14 percent compared with last July.

Additionally, the number of pending sales for single family homes in the region during July were up by 13.7 percent compared with July of 2011, with the agreed-upon median price for those properties at $329,000, up 9.7 percent versus last July. The number of pending sales for condominiums locally during the month was also up, rising by 63.6 percent versus last July to 126 contracts signed, with the median price down by 5.6 percent to $169,900.

The report also provided inventory levels of area homes for sale as of Aug. 15, which at 1,474 available single family homes and 535 condominiums have each dropped substantially below last year’s levels. The inventory for both single family homes and condominiums locally also remains well below the peaks set in 2006 and 2007, which were 2,242 for single family homes and 1,251 for condos.

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