North Reading, MA Real Estate News

By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
North Reading Real Estate - Week Of February 13, 2011 Here is a snapshot of real estate market for single family homes in North Reading MA (Source: MLSPIN)   For Week of 13th February, 2011 Number of Homes On Market 45 Median Price $500,000 Average List Price $611,630 Average Days on Market 173 Newly Listed and Price Change 5  
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
North Reading Real Estate - Week Of February 6, 2011 Here is a snapshot of real estate market for single family homes in North Reading MA (Source: AltosResearch) For Week of 6th February, 2011 Number of Homes On Market 42 Median Price $527,200 Average List Price $620,916 Average Days on Market 173 Newly Listed and Price Change 3
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
North Reading Real Estate - January Report Here is a snapshot of real estate market for single family homes in North Reading, MA (Source: MLSPIN) Number of Homes Sold 9 Median Price $313,500 Average Sale Price $349,722 Days on Market 117 Total Volume $3,147,500 Average List Price $363,256 SP:LP 96% This table shows that North Reading real estate is balanced in terms of sale price and median price - with seasonal adjustment. The ratio of sale price to list price is identical 2010 was 97%.. Overall, it shows about 10 months of inventory, thus favoring buyers and home is likely to be on market for longer unless it is priced right.
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
North Reading Real Estate - Stats for 2010 Here is a snapshot of real estate market for single family homes in North Reading, MA (Source: MLSPIN) 2010 2009  Difference Number of Homes Sold 97 124 down 21.77% Median Price $425,000 $374,250 up 13.55% Average Sale Price $492,619 $426,765 up 15.43% Days on Market 110 112 down 1.78% Total Volume $47,784,070 $52,918,908 down 9.70% Average List Price $507,971 $443.441 up 14.55% SP:LP 97% 97% No Change This table clearly shows that North Reading real estate is following an upward trend in terms of sale price and median price. Though the overall volume is down a lot by 9.70%, the median price for the year is up by as much as 13.55% and the average sale price is up a lot again - by about 15.43%. Other trend is days on market - which is almost un...
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
North Reading Real Estate - Stats for 2010 Here is a snapshot of real estate market for condominiums and townhouses in North Reading, MA (Source: MLSPIN) 2010 2009  Difference Number of Homes Sold 33 45 down 26.67% Median Price $243,500 $239,900 up 1.50% Average Sale Price $286,583 $277,904 up 3.12% Days on Market 133 123 up 8.13% Total Volume $9,457,245 $12,505,700 down 24.37% Average List Price $293,460 $289,191 up 1.47% SP:LP 97% 97% No Change This table clearly shows that North Reading real estate is following an upward trend in terms of sale price and median price. Though the overall volume is down by 24.73%, the median price for the year is up by as much as 1.5% and the average sale price is up slightly - by about 3.12%. Other negative trend is days on market - which is slightly ...
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
This is a community page for Town of North Reading, created by your local real estate agent Praful Thakkar - who lives in North Reading, loves North Reading and his children went to North Reading School System. Just to begin the blog posts in this community, I'll give you a brief idea on Real Estate activities in North Reading - and that's one thing every one is interested in - How's North Reading Real Estate doing? So here is the chart that you'd like to see...(Data Source: MLSPIN) Total Number of homes sold in 2010 in North Reading - (Single Family) - 97 Average Days on Market - 110 Median Sales Price: $425,000 Average Sales Price: $492,619 Sale Price to List Price Ratio: 97% Total Volume: $47,784,070. I'll put it in a better format with a comparison to 2009 - and show you where we st...
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Here's North Reading's stats for week ending 12/25/2010 - Single family Homes (Data Source: MLSPIN) # of homes sold - 2 Average Sale Price: $605,250 sold at 95% of original asking price Median Price: $605,250 # of Days on market: 46 Total Volume: $1.210M Not bad for this time of the year.  
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Here's North Reading's Stats for week ending 12/5/2010 - Single Family Homes (Data Source: MLSPIN) # of homes sold - 2 Average Sale Price: $282,500 sold at 82% of original asking price Median Price: $282,500 # of Days on market: 222 Total Volume: $565,000
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
As I prepare the monthly report for different towns, here is November 2010 snapshot for condo sales in North Reading, MA (Data Source: MLSPIN) Here it is... In November, just 1 units sold at an average price  of $449,888 and median price of $449,888 days on market were 60 and the final sale price was 91% of the original asking price!
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
As I prepare the monthly report for different towns, here is November 2010 snapshot for single family sales in North Reading, MA (Data Source: MLSPIN) Here it is... In November, 7 units sold at an average price  of $332,643 and median price of $317,500 days on market were 141 and the final sale price was 91% of the original asking price!
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
  This is the activity report for North Reading, MA for the week of November 15th, 2010. (Data Source: MLSPIN) New listing : 2 (average sale price: $499,900) Price Changes: 2 (average price change: -0.85%) Pending and Under Agreement: 1 (average price: $429,900) Sold: 1 (average sale price: $494,888, sold at 91% of original asking price) Expired Listings: 5  
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
This is the activity report for North Reading, MA for the week of November 8th, 2010. (Data Source: MLSPIN) New listing : 0 - wow...no new inventory coming up in North Reading! Price Changes: 8 (average price change: -4.65%) Pending and Under Agreement: 3 (average price: $393,567) Sold: 2 (average sale price: $466,000, sold at 97% of original asking price) Expired Listings: 0!  
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Here is the market snapshot for all home sales in North Reading, MA for the month of October 2010. (Data Source: MLSPIN) There were no condo sales for the month of October 2010 in North Reading, so this is a report for single family homes only.   Median Sales Price: $425,000 ( $369,500 for September 2010) Total Sales Volume: ~$4.8M ($2.8M for September 2010) Total Homes Sold: 9 (6 for September 2010) Average Sales Price: $534,722 ($476,500 for September 2010) Days on Market: 99 (Same for September 2010) So, North Reading fared better in October 2010 as compared to September 2010.
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
North Reading Real Estate Market Trends The first chart shows the changes in inventory and median prices over last 90 days. It is clear that with a little setback in late August, median prices are climbing again. Though the same cannot be said about the inventory which is going up - almost 20% more than 3 months ago! Here is the chart - Now, let's take a look at the 'impact' of price and inventory on days on market and absorption of the homes in last 3 months. Absorption is steady in this market - but boy...days on market are going up - from 62 to 69! Need to watch this! So these charts show clearly what North Reading Real Estate Market Trends are!
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By Lynda Longmire
(Virtual Homes Real Estate)
North Reading Massachusetts Real Estate Market Reports for 2009 Single Family Home Sales The North Reading, MA real estate market report indicates that there were 124 homes sold in 2009 as compared to 98 in 2008. This represents a 27% increase in the number of homes sold. The average sales price changed from $497148 in 2008 to $426765 in 2009, a 14% decrease in value. The days on market changed -10 % from 125  to 112. Visit North Reading MA real estate for information about the community, relocation, demographics, MLS search, home buying and selling guides.   Go to North Reading MA homes for sale to view current listings of homes, condos, multi-family and land listings. Condominium Sales The North Reading, MA condominium market data indicates that there were 45 condos sold in 2009 as c...
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By Lynda Longmire
(Virtual Homes Real Estate)
North Reading , Massachusetts Real Estate and Homes for Sale - Direct MLS Access The North Reading MA real estate and home buying process can be complicated and you will benefit from the guidance of industry professionals. A real estate buyer's agent, mortgage lender and an attorney are the primary advisers in the purchase of property. If you are a first-time home buyer or an existing owner, you may qualify for a tax credit and could be eligible for special financing programs. Start your search be determining your price range, housing needs and lifestyle you desire. North Reading MA real estate will assist you in finding the right property to meet your needs from local area homes for sale, foreclosed listings (bank-owned), land, condominiums,  all through the MA Multiple Listing Service...
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By Lynda Longmire
(Virtual Homes Real Estate)
North Reading Massachusetts Real Estate - Single Family Market Report - 2009 The North Reading MA real estate and homes sold activity shows that there were 124 single family homes transacted in 2009 with an average sales price of $426,765 and an average days on market (DOM) of 112. The highest selling price of a home was $1,230,000.  Visit the Virtual Homes Blog for a MA statewide report. Additional resources to evaluate the North Reading real estate market include: North Reading MA Real Estate - Community, relocation and school information with town demographics. North Reading MA Foreclosures - Obtain a list of foreclosed and bank owned real estate and short sales. North Reading MA MLS Search - View all listings in the statewide MLS. North Reading MA Homes for Sale - Map Search - Sear...
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By James Lowenstern, Castles Unlimited. Newton MA Real Estate
(Castles Unlimited®)
North Reading. 6,000 sf Brick-front Colonial, 5 Bedrooms/ 4 1/2 bath, incredible gourmet kitchen with GE Monogram Appliances, granite counters, separate pantry with sink, hardwood throughout, marble foyer, 12' ceils, 3 car garage, incredible floorplan for entertaining. $4200. Avail March. Jim Lowenstern, 617.733.8280
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North Reading MA Condo Market Activity - YTD (10/31/2009) There were 38 condos sold YTD in North Reading, MA, with an average sales price of $265,005 and an average days on market of 127. The selling range was a low of $69,900 and a high of $540,000. As of October 31, there were 15 condos on the market with an average listing price of $343,407 and an average DOM of 110 days. For sales pending, there were 3 units under contract with an average list price of $461,567 and an average DOM of 189. Virtual Homes Real Estate provides search tools to asist you in learning about the community, listing and market conditions. Click on the following links for your choice of services. North Reading MA Real Estate - Community, relocation and school information with town demographics. North Reading MA ...
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