People talk about raising the roof all the time. But sometimes you’ve just got to bring up the floor before you start building up. A rising tide lifts all boats.
click here: https://www.tourfactory.com/2117645
Another property LISTED and SOLD by Charleen McCarthy, Realtor
Coldwell Banker Residential Brokerage, 21 Central Street, Manchester, MA 01944
Looking to BUY or SELL Real Estate…..look no further!
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 email@example.com
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.
Photo: Sunset from Rowley Shore Road, Gloucester MA
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
LOOKING TO BUY OR SELL REAL ESTATE, CALL ME! LET’S FIND YOU THAT DREAM HOME AND/OR PUT THAT “SOLD” SIGN IN YOUR FRONT YARD!!!!
CHARLEEN MCCARTHY, COLDWELL BANKER
Bidding jobs is half art and half engineering. There are many different ways to do it and about a million factors to consider. It’s a challenge that we all face. We know its not an easy subject, and that it’s a little outside the comfort zone, but that’s why we have the tacos and beer. We will hear about the journeys, processes and methods from 4 different professionals across the building industry. We’ll wash it all down with True North beer and tacos by La Victoria. Can you honestly think of a better way to spend your Thursday? Bring your crew!
Where: True North Ale Company
116 County Road