Let's Talk Dollars and Sense

Feb. 3, 2011 - PRLog -- Lisa Johnson Sevajian, Vice President of Coldwell Banker Andover, advises that many people wonder if it makes financial sense to buy or sell right now.  Many people often wonder if Andover's market is more stable than other similar towns in MA.  One thing I love to do is help people understand what all of the market updates they hear actually mean. Here are the stats from the last 3 months of sales in Andover and towns one might consider similar based on demographic information, school systems and crime:

Andover:
66 Homes Sold in the last 3 months
Lowest Price Sale : $200,000
Highest Price Sale: $1,087,500
Average time on market: 107.05 days
Average sale price: 542,521

North Andover:
42 Homes Sold in the last 3 months
Lowest Price Sale: $159,000
Highest Price Sale: $763,000
Average time on market: 100.60 days
Average sale price: $466,680

North Reading
29 Homes Sold in the last 3 months
Lowest Price Sale: $100,000
Highest Price Sale: $935,000
Average time on market: 119 days
Average sale price: $427,286

Lynnfield
22 Homes Sold in the last 3 months
Lowest Price Sale: $292,000
Highest Price Sale: $1,200,000
Average time on market: 155.14 days
Average sale price: $606,291

After looking at this info it’s clear to see that  the Andover community is a great place to buy property.  Our homes are selling in a little over 3 months from being on the market, on average.  That is good news.  Our median sale price is high and has remained high.  We're selling more homes than those other communities which means the demand is high.  When it comes to your real estate dollars in Andover, buying here just makes sense.

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