GNAR Newsletter 12/01/2010

For the present time,  we will be issuing the newsletter each Wednesday along with the Caravan schedule. This will allow us to minimize the GNAR notifications and maximize the content. Of course if there are news or other items of major importance and urgency, we will issue them immediately. Once again we remind you to subscribe to the GNAR site under the Email Subscription to the right, if you haven’t already. This is the only way you will receive automatic notification of updated news, events, and other important notices.
 
CARAVAN 12/02/2010
There is one property on tour:
46 River Road, Merrimac, Ma.  Waterfront Colonial $675, 000.00   7 Room, 4 Bedroom, 1 Full & 2 half baths, – Tom Tormey – Re/Max on the River
Directions: Rt. 110 (Main Street) to Locust, to River. Left on River

MARKET UPS AND DOWNS

Prices up and Sales Down
Mass. median prices up for 12th straight month in October as sales continue to go down
Posted: 23 Nov 2010 07:58 AM PST.Today we issued the October 2010 housing numbers and for the 12th straight month median single-family home prices have been up over the same time last year.  Despite the news about prices, October sales were down for the 4th straight month.  Sales were also down on a month-to-month basis as well.

Read the release and listen to the podcast with MAR President Kevin Sears
Here are the highlights from the release: Single-family median prices were up for the 12th straight month compared to the year before. Single-family home sales were down 27.6% compared to last year.  This is the 4th straight month of decreases.
The median price for a condo was down less than 0.4% compared to last year.
Condo sales were down 38.8 compared to the same time last year.
Single-family inventory has gone up for the 8th straight month.
Condo inventory has gone up for the 5th straight month.

Related news links follow:

Incentive gone, Oct. home sales dive – The Boston Globe.

Home sales fall – but prices rise again – Boston Real Estate – Boston.com.

Massachusetts REALTOR News. Note:  Massachusetts REALTOR News is issued by MAR. Previous release history can be found under the News and Stats Links: MAR Press Room at the right side menu.

Note: Remember; the latest Mass. Housing Data can be linked from the News and Stats Links on the right side menu.

Where am I ??

I thought it might be interesting to include a little diversity in our postings now and again. Since we would like to identify ourselves as being knowledgeable in the areas we serve. I wonder how many can identify the location of the picture at the left? Obviously, each picture may be more familiar to one person over another, but if  I  select from a different community each time it should work out. This is a tough one but leave a comment to this post if you know. ( Sorry, No prizes)

Oh, and by the way, if any one wants more snow for Christmas than I have falling on Newburyport Harbor, let me know…. Bruce

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