Here’s the just-past-mid-June synopsis of Gloucester single family homes for sale:
- For sale now: 36
- Last year: 63
- Biggest shift $1M-$2M. Now: 6. Last year: 16.
- For sale now: 23
- Last year: 39
- Biggest shift $700K- $1M. Now: 6. Last year: 15.
Big picture Rockport, Gloucester, Manchester, Beverly, Essex:
- For sale now: 119
- Last year: 197
- Biggest shift is in $2M-$3M. Now: 7. Last year: 24.
The short story?
- Everything is selling.
- The only bargains are properties on the market for 5 months or more.
- This won’t last forever.
- If you have to buy, expect to pay asking price.
- If you don’t have to buy, don’t buy.
- If you are thinking about selling, now’s the time (and if you can’t find a new home, rent and wait. Prices will come down.)
We hope this helps.
Bob and Sue McDermott • Kenny MacCarthy • Gibson Sotheby’s International