2020 Q1&2: Real Estate Sales Update

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Our advice is about the same:
  • If you want to buy on Cape Ann, be ready to execute quickly and anticipate competition.
  • If you are thinking about selling, getting on the market now until Halloween will maximize your ROI.
  • If you want to sell but are concerned about finding a new home that makes sense, just rent one. There will be purchase “opportunities” in the future.

(PS: NOW would be a good time to buy in Boston.)

We hope this helps.
Bob, Sue and Kenny
PS: Please let us know if you’d like to talk about a “living on Cape Ann” strategy.
PPS: If you’re already here and need help with a project (painting, plumbing, architecting, Title 5ing, etc), get in touch. We know all kinds of people that can help! We can talk, conference or zoom easily and confidentially. 978-758-0983
PPPs: If you want a more specific data analysis, all you have to do is email us.
Bob and Sue McDermott • Kenny MacCarthy • Gibson Sotheby’s International

The Surge: Glou/Rkpt Real Estate Update

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.
Rockport synopsis:
  • 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.

Our advice: 

  • 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.)
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We hope this helps.
Bob and Sue McDermott • Kenny MacCarthy • Gibson Sotheby’s International

The Surge: June 2020 Real Estate

The short story: There’s a lot less to chose from. Inventory is still 40% lower than last year even though it’s up 22% in the last 2 months. But just about everything is selling.

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Click the image for the report you want. Both are free downloads, no sign-up required.

We hope this helps.
Bob and Sue McDermott • Kenny MacCarthy • Gibson Sotheby’s International

Ever wish you were someplace else? This might help

In Gratitude: The Cape Ann Museum
1010 Gulf Winds Way, Nokomis, Florida

Click here for a Virtual Tour
4 Bedrooms | 4 Full and 1 Half Bathroom | 3,581 Sq. Ft.
Listed for $1,449,000 | Read More

 

2995 Booth Creek Drive, Vail, Colorado

Click here for a Virtual Tour
5 Bedrooms | 5 Full and 1 Half Bathroom | 3,137 Sq. Ft.
Listed for $3,995,000 | Read More

 

121 Granite Street, Rockport, Massachusetts

Click here for a Virtual Tour
6 Bedrooms | 5 Full 1 Half Bathroom | 5,637 Sq. Ft.
Listed for $3,499,000 | Read More

25 Shore Road, Gloucester, Massachusetts

Click here for a Virtual Tour
4 Bedrooms | 3 Full and 1 Half Bathroom | 3,426 Sq. Ft.
Listed for $1,850,000 | Read More

 

75-5491 Kona Bay Drive, Kailua-Kona, Hawaii

Click here for a Virtual Tour
7 Bedrooms | 5 Full 2 Half Bathrooms | 2,862 Sq. Ft.
$1,650,000 | Read More

The Open Door – Gloucester

  Cape Ann Museum Video Vault Lecture Series

McDermott & MacCarthy
978.758.0983
Info@NShoreMove.com

Property Sales: April 2019 vs April 2020

The chart shows the MLS statistics and roughly half as much Cape Ann real estate traded in April 2020 as in April of 2019.

But the story isn’t quite as grim. The good news is that it can still happen, even with our current restrictions in place, because some people really want to sell and some really want to buy.

closingsAPRIL

Interested in which homes sold this month and which homes are currently for sale?

COVER2COVER2

Both reports are free downloads, with no email address or sign-up required.

We hope this helps.
Bob and Sue McDermott • Kenny MacCarthy • Gibson Sotheby’s International