2017 Who's Hot on the North Shore
Updated: Jan 9, 2018
Check out which towns were hot in 2017
Best Condo Market - Haverhill
Haverhill saw a 10% increase in median condo sale price year over year, and a 17% increase in amount of condo sales. The development of Haverhill’s downtown is finally paying off.
Best Home Investment - Essex
Median home prices in Essex grew 13% YoY. And, with Essex sharing school systems with Manchester-By-The-Sea, no wonder home prices are going up. Median home sale price in Essex in 2017 was $550K compared to Manchester-By-The-Sea $776K, Manchester has the highest median home prices on the North Shore.
Best First Time Home Buyer - Peabody
With proximity to 128, route 1 and only 20 minutes from Boston, Peabody is a popular commuter city. Peabody’s market is dominated by single family homes, so this is a great community for a first time home buyer. With 593 home sales in 2017 at an average price of $413K, Peabody is 5% lower than the Southern Essex County Average.
Best Luxury Market - Gloucester
The historic fishing town is home to more than just the crows nest. Gloucester boasts some of the most amazing views in Massachusetts. Gloucester had the highest increase (47%) in $1M+ sales year over year. Gloucester had 34 sales over $1M in 2017 and four of those sales were over $3M.