Cape Ann Guide To Real Estate Prices

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If you’re curious about which Gloucester and Rockport homes and condos are for sale, this is an easy way to find out. In the Cape Ann Waterfront Guide, you’ll receive up-to-the-minute information on pricing, size, bedrooms and “the works”, all via email.

Click here and tell us where to email your free report.

Kenny MacCarthy / Bob and Sue McDermott / Gibson Sotheby’s International Realty

Photo: Long Beach from the end of Rockport Road, Gloucester MA

Wondering what your home is worth?

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The answers are in your free copy of the Gloucester or Rockport Luxury Report.

If you’re curious about what your Cape Ann home may be worth, this is an easy way to find out what properties like yours are selling for in today’s market.

Plus: up-to-the-minute statistics on all the homes for sale as well as those that sold in Gloucester or Rockport over the last 6 months in all price ranges.

Just click GloucesterLuxuryReport.com or RockportLuxuryReport.com and we’ll email it to you immediately.

Kenny MacCarthy I Bob and Sue McDermott I Gibson Sotheby’s International Realty

Building Your Business

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Join us to hear about the best ways to grow and market your business. We’ll hear from Christine Armstrong of Armstrong Brand Consulting as well as some real stories of marketing successes and failures from local contractors. Come enjoy an evening of good conversation, food, beer and a great community!

Where: Grand Banks, 7 Crafts Road, Gloucester

When: Thursday, August 8 4:30-6:30

RSVP to monica@grandbanksbp.com

Free Cape Ann Guide To Real Estate Prices

Free Cape Ann Guide To Real Estate Prices

If you’re curious about which Gloucester and Rockport homes and condos are for sale, this is an easy way to find out. In the Cape Ann Waterfront Guide, you’ll receive up-to-the-minute information on pricing, size, bedrooms and “the works”, all via email.

Click here and tell us where to email your free report.

Kenny MacCarthy / Bob and Sue McDermott / Gibson Sotheby’s International Realty

Photo: Sunset from Rowley Shore Road, Gloucester MA

Hot Temps in a Hot Market

Hot Temps in a Hot Market

I hope everyone is enjoying their summer.  I wish I had more time myself, but mortgage rates are low and houses are moving fast.  Therefore my vacations will be limited to long weekends and later afternoon beach trips.

So how do the numbers look and why are things so busy?

According to both the Warren Group and National Associations of Realtors, the median Massachusetts price for a single family home climbed 2.1% in June 2019 for a median price of $429,000.00.  The surprising number is condo prices rose over 9% to a $420,000 median price.  That means that a once affordable condo, now costs on average the same price of a single family home.  The other misleading number is the median price as this takes into account all of Massachusetts.  Not until recently, the housing market west of 495 was slow compared to the eastern mass belts within 495 and 95.  So these numbers include Worcester, Springfield and in between.  Finding a house around $400k today in the Cape Ann and North Shore area is pretty tough these days.

The other side of the story is the volume of sales for single family homes are down 9.3% in June according to the same associations.  That means the higher prices and lack of inventory is hurting the overall volume of sales.  Those homes that do hit the market,  are often in a bidding war with multiple buyers.  Thus that increases prices and hurts sales because sellers can’t afford to move to a new home.  Historically low interest rates also feed into this competitive situation.

So with people staying in their homes, lower interest rates and higher property values, now is the time to refinance and put some of the new found equity into home improvements.   You can often refinance and take cash out and have a similar mortgage payment.  People are always surprised what you can do refinancing your mortgage.

More importantly, if you have an adjustable rate mortgage with a local bank, I can most likely refinance you into a fix rate around the same rate!  No need to wait for later and higher interest rates, now is the time to see how you can take advantage of today’s low mortgage interest rates.

Contact me today for your no pressure mortgage consultation.  I will review your credit, income and equity positions to see how you can take advantage of these low interest rates!!!

Brandon Pratt- NMLS 46922

CrossCountry Mortgage- 180 Main Street- Gloucester MA

617.688.6891- brandon.pratt@myccmortgage.comhttp://www.northshorehomeloans.com

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