EagleTribune.com, North Andover, MA

September 23, 2012

Real Estate Briefs


The Eagle-Tribune

---- — 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.



WALTHAM — Coldwell Banker Residential Brokerage Cares, the charitable arm of Coldwell Banker Residential Brokerage New England, has donated $1,000 to Father Bill’s & MainSpring.

Father Bill’s & MainSpring is a Quincy-based organization dedicated to ending homelessness in southeastern Massachusetts. The nonprofit organization offers a range of services, including emergency shelter and workforce development, to meet the needs of individuals facing homelessness.

Sales associates and employees of Coldwell Banker Residential Brokerage donate a portion of their sales commissions or paychecks to Coldwell Banker Residential Brokerage Cares, which supports nonprofit organizations throughout New England like Father Bill’s & MainSpring.

The primary purpose of Coldwell Banker Residential Brokerage Cares 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.



LONDONDERRY — Coldwell Banker Residential Brokerage in New England welcomes Hampstead resident, Karen Batts, to the Coldwell Banker Residential Brokerage office in Londonderry. As a sales associate, Batts will provide residential real estate services in Londonderry as well as the surrounding towns.

Batts has 16 years of real estate experience. She is a member of the Granite State South Board of REALTORS, the NH Association of REALTORS, and the National Association of REALTORS.



METHUEN — Linda Early, president of Coco, Early & Associates, was a speaker at the LeadingRE Fall Workshop in Providence, R.I. The meeting attracted brokers, sales managers and relocation professionals from Leading Real Estate Companies of the World, a global network of over 500 premiere real estate firms. The workshop gave participants the opportunity to examine the latest real estate market trends and share business tactics aimed at improving services for home buyers and sellers. In her session, “Engaging Talent and Creating Leaders,” Early shared insights on the ever changing role of the broker to continually create strategies that assist in agent productivity, recruiting and technology.

Coco, Early and Associates, which has been serving the area since 1997, has 10 offices throughout the Merrimack Valley and southern New Hampshire. Coco, Early and Associates has been voted “Best Real Estate Company” for the past four years by Market Surveys of

America.

