Northrup Realtors

Real Estate in the Boston Suburbs

June Bay State Home Sales Rise For Second Consecutive Month

By

July 25th, 2013

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

By

April 29th, 2013

 

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

LYNNFIELD-Northrup Associates recently honored the firm’s Top 5 Producers for 2012 during their annual meeting and awards breakfast.  At the meeting, Northrup’s Broker/Owners, Bernie Starr and Richard Tisei reviewed the company’s 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.  Northrup’s 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. “Helen’s 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 client’s 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 client’s 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.  “Debra’s 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 firm’s 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.

Bolino Recevies Top Achievement Award

By

April 29th, 2013

Bolino Recevies Top Achievement Award

Realtor, Helen Bolino and Broker/Owner of Northrup Associates, Richard Tisei,

Realtor, Helen Bolino and Broker/Owner of Northrup Associates, Richard Tisei,

LYNNFIELD-Northrup Associates is proud to congratulate Helen Bolino for having won the Top Achievement Award for an impressive twelve years as the #1 agent for Lynnfield sales and listings with a total unit volume of more than $125 million dollars.

“It is very rewarding to be recognized for my work.” During these economic times, it takes a lot of hard work, dedication and perseverance to succeed. I am very fortunate in having many loyal customers who refer new clients to me and it is very gratifying to know that they have been satisfied with the level of service they have  received,” Bolino said in accepting the award.

“Helen has consistently been a Top Producer at Northrup Associates and the #1  agent in our community for the twelve years.  “She has earned this distinction for her years of dedication, professionalism and has established a strong reputation for excellence and created a large following of satisfied customers,” said Tisei.

Housing market improves slightly last year

By

February 4th, 2011

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.

Read the rest of this entry »

December Existing-Home Sales Jump

By

January 27th, 2011

Washington, DC, January 20, 2011

Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®.

Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million in December from an upwardly revised 4.70 million in November, but remain 2.9 percent below the 5.44 million pace in December 2009.

Lawrence Yun, NAR chief economist, said sales are on an uptrend.

H.R. 4853: Real Estate Provisions in the 2010 Tax Relief Bill

By

December 31st, 2010

On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853) extending the Bush-era tax rates and a host of other expired and expiring provisions. The legislation is not “paid for,” so there are no revenue raisers taken from real estate or other industry groups. The package provides temporary extensions of its numerous provisions. Some are retroactive, as well, so that the rules that had been in place previously will operate as if they had never expired.

Included in the bill are provisions that affect real estate investment and operations—such as energy-efficiency tax credits, capital gains, and more. A few key provisions of interest to REALTORS® include:

  • Retention of Bush-era tax brackets through the 2011 and 2012 tax years;
  • Retention of the capital gains tax rate of 15 percent for assets sold or disposed of during 2011 and 2012;
  • Reduction of payroll taxes for employees and self-employed individuals during 2011;
  • Extension of numerous energy efficiency credits through December 31, 2011, including: the Energy Efficient New Homes, Energy Efficient Existing Homes, and Energy Efficient Buildings credits.

For more detailed information on the provisions of this bill affecting real estate, home owners, and REALTORS® as small business owners, please see the see the full summary.

Article Courtesy of National Association of REALTORS

Pending Home Sales Continue Recovery, Gradual Improvement Seen in 2011

By

December 31st, 2010

Washington, DC, December 30, 2010

Pending home sales rose again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of REALTORS®.

The Pending Home Sales Index,* a forward-looking indicator, rose 3.5 percent to 92.2 based on contracts signed in November from a downwardly revised 89.1 in October. The index is 5.0 percent below a reading of 97.0 in November 2009. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.

Lawrence Yun, NAR chief economist, said historically high housing affordability is boosting sales activity. “In addition to exceptional affordability conditions, steady improvements in the economy are helping bring buyers into the market,” he said. “But further gains are needed to reach normal levels of sales activity.”

The PHSI in the Northeast increased 1.8 percent to 72.6 in November but is 6.2 percent below November 2009. In the Midwest the index declined 4.2 percent in November to 78.3 and is 7.7 percent below a year ago. Pending home sales in the South slipped 1.8 percent to an index of 91.4 and are 7.2 percent below November 2009. In the West the index jumped 18.2 percent to 123.3 and is 0.4 percent above a year ago.

“If we add 2 million jobs as expected in 2011, and mortgage rates rise only moderately, we should see existing-home sales rise to a higher, sustainable volume,” Yun said. “Credit remains tight, but if lenders return to more normal, safe underwriting standards for creditworthy buyers, there would be a bigger boost to the housing market and spillover benefits for the broader economy.”

The 30-year fixed-rate mortgage is forecast to rise gradually to 5.3 percent around the end of 2011; at the same time, unemployment should drop to 9.2 percent.

For perspective, Yun said that the U.S. has added 27 million people over the past 10 years. “However, the number of jobs is roughly the same as it was in 2000 when existing-home sales totaled 5.2 million, which appears to be a sustainable figure given the current level of employment,” he explained.

“All the indicator trends are pointing to a gradual housing recovery,” Yun said. “Home price prospects will vary depending largely upon local job market conditions. The national median home price, however, is expected to remain stable even with a continuing flow of distressed properties coming onto the market, as long as there is a steady demand of financially healthy home buyers.”

Existing-home sales are projected to rise about 8 percent to 5.2 million in 2011 from 4.8 million in 2010, with an additional gain of 4 percent in 2012. The median existing-home price could rise 0.6 percent to $173,700 in 2011 from $172,700 in 2010, which was essentially unchanged from 2009.

“As we gradually work off the excess housing inventory, supply levels will eventually come more in-line with historic averages, and could allow home prices to rise modestly in the range of 2 to 3 percent in 2012,” Yun said.

New-home sales are estimated to rise 24 percent to 392,000 in 2011, but would remain well below historic averages, while housing starts are forecast to rise 21 percent to 716,000.

Yun sees Gross Domestic Product growing 2.5 percent in 2011, and the Consumer Price Index rising 2.3 percent.

The National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

HOME OWNERSHIP MATTERS

By

December 2nd, 2010

HOME

OWNERSHIP

MATTERS

TO PEOPLE…TO COMMUNITIES… TO AMERICA.


Studies show that home ownership has a significant positive impact on net worth, educational achievement, civic participation, health and overall quality of life.  That’s why, more than 100 years, REALTORS have helped people find their piece of the American Dream.

Now, with some questioning whether home ownership is still good for America, it’s more important than ever to stand up for home ownership…in your community and it the nation’s capital.

Find out more about why Home Ownership Matters, how the NATIONAL ASSOCIATION OF REALTORS, is standing up for it, and how you can help spread the word, at REALTOR.org/homeownership.

WHY HOME OWNERSHIP MATTERS

TO PEOPLE…

  • Home owners are happier and healthier and enjoy a greater feeling of control over their lives.
  • Owning a home is one of the best ways to build long-term wealth. Historically, a home owner’s net worth has ranged from 31 to 46 times that of a renter.
  • Home owners are free to redecorate, renovate, and modify their homes as they wish.
  • most home owners enjoy stable housing costs-a fixed-rate mortgage payment might not change for 15 to 30 years while rent typically increases 3% a year.
  • Home owners can typically deduct mortgage interest and property taxes on their federal individual income tax return.

TO COMMUNITIES…

  • People who own homes vote more, volunteer more and contribute more to their neighborhoods.
  • Home owners do not more as frequently as renters, providing more neighborhood stability. In turn this stability helps reduce crime and supports neighborhood upkeep.
  • Children of home owners do better in school, stay in school longer, are more likely to participate in organized activities and spend less time on front of the television.

TO AMERICA…

  • 67% of American households are owner-occupied. America is a nation of home owners.
  • Home owners pay 80 to 90% of federal individual income taxes, contributing to federal programs that benefit all Americans.
  • Every home purchased pumps $60,000 into the economy for furniture, home improvements and related items.
  • Housing accounts for more than 15% of the national Gross Domestic Product, a key driver of our natioinal economy.
  • For these reasons and more, home ownership is the American Dream!

–Courtesy of the NATIONAL ASSOCIATION OF REALTORS

And Now a Word from Your Sponsors

By

August 4th, 2010

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

By

May 26th, 2010

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 we’ve 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. We’re 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