EagleTribune.com, North Andover, MA

August 26, 2012

Real Estate Briefs

The Eagle-Tribune

---- — 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.


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.

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 n

ot yet closed, for single family homes during June were up by 22 percent compared with June 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.


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.


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.