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June Bay State Home Sales Rise For Second Consecutive Month

Per: Banker and Tradesman,
Tuesday, July 23, 2013
Massachusetts single-family home sales increased again in June, climbing to the highest level for any month in three years, according to the latest report by The Warren Group, publisher of Banker & Tradesman. Single-family home sales rose 1 percent in June, the second straight month of increases. A total of 5,591 single-family homes sold in June, up from 5,535 a year earlier. This marks the best month for sales since June 2010, when there were 5,662 sales. June2013MASales chartSecond quarter home sales totaled 13,915, a 2.2 percent increase from 13,616 in the second quarter of 2012. "The housing market continues to boom locally, and nationally," said The Warren Group CEO Timothy M. Warren Jr. "As long as mortgage rates and home prices don't spike too high, we'll see a very strong recovery year for the market in 2013." Year-to-date home sales statewide are up 0.12 percent. From January to June, a total of 21,659 single-family homes have sold, compared to 21,633 during the same period a year ago. For the ninth consecutive month, year-over-year home prices increased. The median sale price of single-family homes statewide increased almost 9 percent to $350,000 in June, up from $321,800 in June 2012. The year-to-date median sale price rose more than 12 percent to $315,000, up from $281,000 during the same period last year. Quarterly prices increased more than 10 percent to $330,000, up from $299,700 during the second quarter 2012. "No monthly median price had been this high for any month since August 2007. Buyers have come out to the market in droves and aggressive bidding is driving up prices. While not a problem at this juncture, I hope for more modest increases in the future," Warren added. "We don't want to see prices rise to the point where home ownership becomes unaffordable." Bay State condominium sales dropped in June, decreasing more than 3 percent from a year earlier. A total of 2,189 condos sold in June, down from 2,261 a year earlier. Year-to-date condo sales are up almost 2 percent to 8,750 from 8,609 a year earlier. However, condo sales for the second quarter climbed from a year earlier. In the second quarter, 5,679 condos sold, up almost 3 percent from 5,552 during the same period a year ago. The median sales price of condos increased again in June. The median selling price was $320,000, up 3.2 percent from $310,000 a year earlier. The second quarter median condo price rose 2.4 percent to $302,000 from $295,000 in the second quarter 2012. The year-to-date median price of condos in the Bay State is $284,000, up more than 3 percent from $275,000 a year ago. - See more at: http://www.bankerandtradesman.com/news155837.html#sthash.A5hWJWWn.dpuf

Northrup Associates Announces Top Producers

Northrup Associates Announces Top Producers,

Bolino Takes Top Honors

Seated: (L-R) Helen Bolino, Debra Roberts Standing (L-R) Alex DeRosa, Maria Miara, Elena Drislane Seated: (L-R) Helen Bolino, Debra Roberts
Standing (L-R) Alex DeRosa, Maria Miara, Elena Drislane

Seated: (L-R) Helen Bolino, Debra RobertsStanding (L-R) Alex DeRosa, Maria Miara, Elena Drislane

LYNNFIELD-Northrup Associates recently honored the firms Top 5 Producers for 2012 during their annual meeting and awards breakfast. At the meeting, Northrups Broker/Owners, Bernie Starr and Richard Tisei reviewed the companys growth over the past year and outlined plans for a productive 2013. Northrup is pleased to recognize these Realtors with this honor. Their competitive intelligence, professionalism and dedication have made them valued and trusted real estate resources for the North Shore community with each being major contributors to the overall success of Northrup Associates as a whole. said Broker/Owner Richard Tisei. Each of our Realtors maintains high standards of professionalism along with a quality of superior customer service. Northrups standard of excellence is not a goal; it is our Standard Operating Procedure. This is what makes us stand out among other real estate offices and it is what Northrup has been become known for and that each our clients expect, said Broker/Owner, Bernie Starr Helen Bolino has been the number one agent in Lynnfield sales and listings for twelve consecutive years with a total unit volume of more than $125 million dollars. Most recently she was names Top Producer with a sales volume of $14,487,350 for 2012. This award represented her investment of many hours of personal service and attention to her customers and clients. Helens trademark has been her knowledge of the real estate market, her tireless work ethic and superior customer service, said Tisei. Alex DeRosa and Elena Drislane of The Alex & Elena Team earned the distinction as a being Top Producers for 2012 with a total unit volume of $7,973,500. Both are consummate professionals who have built their business on the referrals of so many satisfied clients. Their competitive intelligence and dedication to their respective communities of Peabody and Lynnfield make them valued and trusted real estate resource. said Broker/Owner Richard Tisei Maria Miara has built and maintained relationships with clients that have continued to have her among the Top Producers at Northrup. Her top priority is to provide all of her clients with unparalleled service and personal assistance for their real estate needs, said Tisei. Maria provides her clients with the markets most accurate and updated information, is incredibly detailed, and executes even the most complex transactions while exceeding her clients expectations. Debra Cuozzo Roberts prides herself on a high level of honesty, accessibility, and personal service. She has a love of decorating and design and is available to lend advice and help with home staging and redesign prior to placing you home on the market. Debras proactive thinking and a high level of initiative and direct communications make her a vital representative for her clients, said Tisei. Overall, Northrup Associates market share and total volume grew both locally and regionally in 2012 ending the year with MLS statistics depicting a total dollar volume of sales of $75,149,521 with 149 properties sold throughout the Commonwealth of Massachusetts. In 2012 Northrup Associates proudly closed more sale transactions that they have in the firms 60th year history. It is no wonder Northrup Associates has and continues to be Your Home Town Realtor. As a locally owned and independently run office, Northrup Associates is able to provide a level of service that others simply can not match. That has been the secret to our success in the past and will remain our guiding principle in the future. I would like to thank our entire sales force for their dedication, hard work and for providing distinct satisfaction to those customers and clients in Lynnfield, Peabody and the surrounding North Shore communities, concluded Tisei.

Housing market improves slightly last year

By Jeff Shmase LYNNFIELD-While the housing market is not nearly as strong as it was five years ago, it is improving and no exception, siad the owner of local real estate company. Richard Tisei, the owner of Northrup Associates in town, said if home prices are priced correctly, it should be a good year for the market. "If (interest) rates remain low, I think you'll continue to see the market moving in the right direction," he said. Both single-family and condominium sales were up in Lynnfield in 2010, relative to 2009. Last year, 108 single family homes were sold, compared to 98 in '09. Twenty-five condominiums exchanged hands last year, versus 16 in 2009. The median single-family home price was also up, about 10 percent. The median price in 2010 was $529,000; it was $479,500. Condominium prices, however fell in a year-over-year comparison. The median price of a condo sale in 2010 was $350,000 versus $389,900. Properties were not on the market as long either. The average days on the market for the 108 homes sold was 111, compared to 147 in 2009. The same held true for condominiums, where on average it took 165 days to sell those properties, compared to 181 in 2009. Lynnfield bucked the statewide trend in several areas. First, home sales fell slightly (1. percent) across the state. While the median price of a single-family home across the state rose, it did not match Lynnfield's gain. Article courtesty of: Peabody & Lynnfield Weekly News February 3, 2011

And Now a Word from Your Sponsors

Peggy MacKenzie & John Kennedy at Town Common Concert

Northrup Associates REALTORS proudly sponsored the July 7th and July 14th concerts on the Lynnfield Town Common this summer. Penny McKenzie and John Kennedy man the Northrup Associates table during the July 14th concert and happily greet and discuss real estate with residents enjoying the concert. Article Courtesy of Lynnfield Weekly News, July 29, 2010 Photo by The Priestlys

Website Continues to Provide Top Content

Our website continues to lead the way as a comprehensive source of real estate information specific to the North Shore area. We encourage you to log onto www.northruprealtors.com and see why weve been servicing Lynnfield & Peabody since 1952. Our website features top content such as our Open House Directory, Best Values, Featured Listings and a comprehensive section named- Condo Central which highlights condos in the North Shore. Our award winning website also includes the ease of one click searches specific to architecture and price, lifestyle and more. Our goal is to help consumers identify properties quickly and easily, while providing competitive pricing and the best customer service in the real estate industry. Were proud to be your Realtor of choice and are focused on your needs today and long after the sale of your home. Northrup\'s Award Winning Website

Lynnfield Real Estate Is Rising in Luxury

Northrup Associates specializes in the sale of luxury property in Lynnfield. We have a superb and extensive portfolio of luxury property in the area, available in prime locations throughout the town including new property, resale property, and land.

2009 was a terrific year for luxury real estate in Lynnfield. Our agents really made the difference; they are knowledgeable, understand the market, and have the know-how to make things happen.

Even with an increasing local market, we have found that this is still an apprehensive time for those buying and selling property. Now more than ever, accurate pricing, effective marketing, and experienced representation make all the difference.

This relatively new Colonial style home on Sagamore Golf Course is a beautiful addition to the Lynnfield luxury real estate market. A two-story foyer, granite counters, stainless appliances, and a fire placed living room are just a few of the amenities this luxurious home provides. View more details here.
MLS # 70968329

MLS # 70968329

At Northrup Associates we led the region on almost every major category of performance and most noteworthy is the fact that the average sales price for a single family, luxury home in Lynnfield increased by 300% over the past twelve months.

Here are the Regional Single Family Sales 2008 vs. 2009

Lynnfield Area Real Estate Sales

MLS # 70968329

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            NORTHRUP OPENS NEW CONDO DIVISION

            Experience Makes All the Difference Northrup Associates is pleased to announce that our firm has opened a new Condo Division. Our associates are all Certified Buyers Representatives and have all received specialized training and are highly skilled in condominium sales. Over the years, we have increasingly become the office to turn to when making the decision t o buy or sell a condominium. As our reputation has grown, we have become a regional leader. In fact, we are currently marketing four spectacular new complexes located throughout the North Shore. Not every real estate company is equipped with the expertise and know how when it comes to condominium sales. We have been selling condominiums longer than any other real estate office on the North Shore. Now you can preview the first and only comprehensive condo division in the North Shore area. Feel free to log onto our website www.northruprealtors.com and click on Condo Central and see why we've been servicing the North Shore since 1952.
            (Article Courtesy of Peabody&Lynnfield Weekly News-April 16, 2009)

            WORKING THROUGH THIS MARKET CYCLE

            There is no doubt tat our nation is in the midst of a very serious economic crises that in 2008 extended to our regional economy as well as our local housing market. As a result, last year was one of the most challenging in recent memory. Everyone was impacted in some way as this was certainly an apprehensive time for those buying and selling property. Both buyers and sellers encountered a whole host of new challenges ranging from getting accurate appraisals to dealing with new requirements from lenders. In light of all this, our Realtors really made the difference. They helped overcome obstacles. They gave some great advice and showed a lot of compassion and understanding to their customers and clients alike. Most importantly, they were a calm and trusted voice of reason in every transaction. Our Realtors experience and knowledge of our local marketplace really paid off for our clients. In this current real estate market, accurate pricing, effective marketing and experienced representation, are critical in order to succeed. Now more than ever, choosing the right Realtor makes all the difference. lynnfield_chartIn Lynnfield, the average sales price for a home fell by 12% in 2008. During that time, the total number of homes sold declined by 29%. Particularly impacted, were the number of homes sales over $600K, which dropped by 54%. With this in mind, Northrup Realtors were involved in the sale of 1 of every 2 homes sold in Lynnfield in 2008 (42 of 84). Remarkably, Northrup's Realtors also participated in the sale of 80% of the homes sold over $600K (20 to 25).
            peabody_chartIn Peabody, the average sales price for a home fell by 9% in 2008. During that time the total number of homes sold in Peabody declined by 5%. Looking forward we are hopeful that 2009 will be a better year. Interest rates are down to historic lows. We are working with a number of strong buyers anxiously awaiting the right home in order to take advantage of these favorable rates. At the same time we are experiencing a shortage of inventory in a number of key price ranges. In these current market conditions, we have found that a home priced reasonably still sells fairly quickly. Since 1952, in good times and bad, Northrup Associates has been the name that people trust. Now more than ever, if you are thinking of buying or selling a home give us a call so we can put our experience and expertise to work for you. (Article Courtesy of Peabody&Lynnfield Weekly News-March 5, 2009)