eXp Realty
Kathleen Militello
The Militello Team

Are you curious about what happened in the Beverly Real Estate market in the month of March, 2016?


If so, keep reading!

In the month of March 23 single-family homes sold in Beverly.  This is a big jump from February (14 single-family homes sold).

The lowest priced single-family home that sold was:                $235,000
The highest priced single-family home that sold was:              $820,000

To take an overview look at the number of homes in each price ranges of the single-family homes that sold, click here.

We would like to share with you this month’s stats broken out by price range.  Just click below:


 All Price Ranges Broken Out


We have mapped the properties for you so you know where each property is located in the City of Beverly.




 

     
                              
Reference # Address SOLD Price
1 15 Lenox Street $235,000
2 39 School Street $235,000
3 68 Winthrop Street $290,000
4 7 Gregg Street $290,000
5 1 Edgewood Road $312,000
6 17 Sylvester Avenue $317,000
7 16 Auburn Road $335,500
8 30 Eastern Avenue $349,000
9 60 Sohier Road $364,900
10 29 Grover Street $365,000
11 25 Colgate Road $370,000
12 201 Brimbal Avenue $372,000
 13 366 Elliott Street $373,500
14 25 Cornell Road $383,000
15 12 Parsons Drive $397,000
16 10 Giles Avenue $400,000
17 522Cabott Street $437,500
18 423 Essex Street $472,000
19 43 Balch Street $499,000
20 14 Crestline Circle $500,000
21 260 Dodge Street $770,000
22 2 Butman $775,000
23 62 West Street $820,000

The most sales occurred between $300,000 and 399,999 with the number being 11 single-family homes sold.  There are some interesting facts associated with these sales…  Most of these homes sold within 4-11 days, there are a few exceptions; with the same old story being if you price your home appropriately to the market conditions, your home will sell quickly!!

My current opinion on this is that if you are selling a home, make sure you home is prepared for sale; price it just under market value. (However this decision is always yours)   If you home looks great and is in a fairly good location, you will create a FRENZIE in the market.  Buyers are competing for homes in this price range ($300k - $400k).  One buyer will not know what the other buyer is offering and if they really really want your home, they will try their damnedest to outbid the other buyers.

If you want more tips on selling your home, download our Home Selling Guide, by clicking here.

Let’s take a look at the top side of the market in the range of $700,000 -- $899,999.  In the month of March in this category the homes were on market for an average of 203 day.  I also noted that these homes sold for less than the listing price.

The moral of this story is that every price range is different.  You need to have an expert REALTOR® on your side to guide you through the sale of your home.  If you have plans and your home is in the higher price range, we need to present a strategy for you that will get your home sold within your time frame! 

You may be curious how this compares to the past months and years?  See the Chart below:



As you can see, we are in a robust real estate market in Beverly.  Home sales and prices are on the rise…

So, if you want to know the value of your home because you have an interest in selling, let us know.  Joseph and I have over 30 years of experience selling real estate.  We live and socialize on the North Shore and are very well educated in today’s real estate market.  Call us today!

To find out more about us, click here

We hope that this information is helpful to you.  If you need to know what is happening in any other city/town in Essex or Middlesex Counties please send me an email and let me know.  I am happy to gather this information for you.  Email Kathleen


Yes, I want to know the Value of my HOME!



If you have any questions, do not hesitate to contact us.

Joseph Militello    (978) 815-3877
Kathleen Militello (978) 500-1480



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