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Market Conditions in Marblehead : Real Estate Advice

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Activity 3
Mon Nov 17, 2014
Brian G Shifrin Esq answered:
If you are just looking at the Market Trends graph for one town or community be sure to look at the graph below it that indicates the number of transactions. In only Marblehead, there is a relatively small number of sales that go into the data on the grid. I do not believe there is a deep decline in the market. Without further investigation, I would guess the decline in the graph is something as simple as the more recent sales are inferior homes to the ones sold 3-12 months ago. When there is a small set of data any number of things can skew the graph. Hope this helps.

Brian Shifrin, Esq.
Attorney & Counselor
Certified Real Estate Appraiser
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Tue Mar 12, 2013
Territory.com answered:
The average sale price for single family homes in the last year in Marblehead is $629,953. In the same year only 13 houses sold for
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Mon Mar 11, 2013
Paul Stonkus answered:
Most of the decline was before 2007 and prices are now starting to rise due to very low inventory. Prices were fairly stable between 2009 aND 2011.
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Market Conditions in Marblehead Zip Codes

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