According the the National Association of Realtors, on average, home equity accounts for 60% of a family’s net worth.  Also, the National Association of Realtors, historical data shows that home values nearly double every ten years.  With that in mind the current market screams with opportunities for home buyers. Because prices and the supply of homes for sale varies from neighborhood to neighborhood and town to town, feel secure knowing that I have the most up to date information about the real estate market conditions  Andover, North Andover, Boxford and surrounding communities.  Sign up for free market updates or see what homes in your neighborhood have sold for recently.  I value your trust in me and look forward to helping you with all of your real estate needs.

First time home buyers, this is your opportunity.  Not only are home prices down and mortgage rates at historic lows but now you can take advantage of the new federal tax credit IF you purchase a home between January 1 and December 1, 2009. Here are the details of the 2009 First Time Homebuyer Tax Credit clearly outlined for you to review and if you have more questions here are some Frequently Asked Questions. about the new tax credit.  So, if your ready to start looking for your first home here in Andover, North Andover or the surrounding communities start searching the MLS for homes for sale and sign up for free email updates for new listings in your area.

North Andover Single Family Home Sales Trends Now let’s take a look at sales and sales trends for single family homes in North Andover, MA.  In North Andover the average sales price of single family homes dropped by only 1.4% when compared to sales in 2007 AND interestly the median sale price for a single family home in North Andover INCREASED by 3.9%. So, again, if you’re a home buyer now may be the opportunity you’ve been waiting for!  And if you’re a home seller my marketing plan can get your home sold.

As I look back at 2008 and forward to the new year several words come to mind…uncertainty, change and because of that – opportunity.  No doubt we’re all wondering what the new year will bring to the economy, to the housing market and to mortgage rates.  While none of us has all of the answers, I know that our homes are not just an investment to us. It’s where we begin and end each and every day, where we welcome friends and family, where we work, play and relax.  With that spirit in mind I’m very excited about the new year and look forward to helping you not just buy or sell a house but move to your new home. I hope you are too!  Information on homes for sale in Andover and North Andover is just a click away.

Now let’s take a look at sales of single family homes in North Andover, MA

North Andover Single Family Home Sales

For the most up to date market reports for your neighborhood contact me  your real estate specialist at REMAX Partners, Andover Home Sales, Andover, MA.

The Multiple Listing Service recorded 13 single family home sales in North Andover MA during October 2008.  Sold prices ranged from a low of $313,500 to a high of $744,000 with an average list price of $502,407  and average sales price of $485,192 and an average market time of 98.85 days. October 2007 reported Last October, 2007, single family home sales in North Andover MA with a sold price range from a low of $403,500 to a high of $1,660,000 with an average list price of $808,952, an average sale price of $760,873  and average market time of 99.27 days.  For up to date market information for Andover, North Andover and surrounding towns contact me at REMAX Partners.

Market report chart courtesy of Altos Research.com

October is “GO GREEN” month at the Memorial Hall Library in Andover.  Home buyers are expressing more and more interest in ways to save money AND protect our environment.  I invite you to visit Andover’s Memorial Hall Library  this month for programs and information about green living.  As your Andover and North Andover Realtor I am here to help you learn everything there is to know about our community and the resources available to you. Check out just  some of these local resources and contact Paulette Zuena for more information about Andover and North Andover living!

Now let’s take a look at the market data for single family home sales in North Andover. 

Just what will happen next with the economic news and upcoming election clearly remains to be seen. As your realtor I can help you sort through the media reports with clear, specific local market information. So contact me,Paulette Zuena at RE/MAX Partners in Andover, MA.  I’ll be watching the market closely!

Every day the news is filled with stories about the mortgage crisis and falling  of home values. Yet did you know that the median sale price of single family homes sold in Andover during the past 12 months is only 1.4% lower than the median sale price for single family homes during the identical prior 12 month period? While the number of home sales has indeed declined, prices for many neighborhoods continue to be favorable.  For up to date market data specific to your neighborhood contact Paulette Zuena at REMAX Partners in Andover.

 For many New England natives, fall is their favorite time of year. The weather is comfortable, the fall foliage is famous for spectacular color and the fall harvest is perfect for crisp apples, fresh peaches, pumpkins and locally grown produce. Click on the the apple photo for information about popular farms in the Andover, North Andover and Boxford and other eastern Massachusetts communities.