EagleTribune.com, North Andover, MA

August 19, 2012

Real Estate Briefs


The Eagle-Tribune

---- — TYNGSBORO — The Northeast Association of Realtors (NEAR) Community Service Committee sponsored a food drive to benefit the Merrimack Valley Food Bank. Collection trucks were at Angela’s Coal Fired Pizza, located at 361 Middlesex Road in Tyngsboro, yesterday, from 9 a.m. to 1 p.m. For more information, call 978-577-6138 or visit NortheastRealtors.com.

The NEAR Community Service Committee is dedicated to assisting individuals and groups in the Merrimack and Nashoba Valleys who are in need. Local charitable organizations helped by the group in the past year include: Community Teamwork, the Lazarus House in Lawrence, the Lowell Wish Project, Lowell House, the Notre Dame Education Center, St. Anne’s Home in Methuen, the Boys & Girls Club of Greater Lowell, the Boys & Girls Club of Lawrence, Lawrence Community Works, Budget Buddies, Girls Inc. of Greater Lowell, the SHIFT Coalition, the Lowell Salvation Army, the Merrimack Valley Housing Partnership, the Moody School and the Lincoln School, both in Lowell, and the Leahy School in Lawrence.

NEAR covers 15 cities and towns from Boxford to Littleton including Lowell and Lawrence, and has member offices in more than 50 cities and towns throughout the Merrimack and Nashoba Valleys as well as southern New Hampshire.

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LONDONDERRY — Coldwell Banker Residential Brokerage in New England welcomes Joan Pepin to the Coldwell Banker Residential Brokerage office in Londonderry. As a sales associate, Pepin will provide residential real estate services in Londonderry as well as the surrounding towns. Pepin has chosen a career in real estate after working as a teacher in Boston. Pepin is a member of the Granite State South Board of REALTORS and the National Association of REALTORS. She is licensed in Massachusetts as well as New Hampshire. She and her husband have 10 children and reside in Derry.

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

The average length of time it took to sell a single family home in June was 107 days, a drop of 4.5 percent over last June. It took an average of 134 days for the condominiums sold during June to close, an increase of 5.5 percent compared with last June. The report also noted that pending sales, those now under agreement but not yet closed, for single family homes during June were up by 22 percent compared with June of 2011, with the agreed-upon median price for those properties relatively flat, increasing by 1.5 percent versus last June to $329,900. The number of pending sales for condominiums locally during the month was also up by 24.2 percent versus last June, with the median price down by 11.6 percent to $167,900.

The report also provided inventory levels of area homes for sale as of June 15, which at 1,561 available single family homes and 583 condominiums have 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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