State of the Andover Million-Dollar-Plus Real Estate Market
2017 Mid-Year Market Report*
Take a peek at what's going on in the Andover Million-Dollar-Plus Real Estate Market.
Market Snapshot | Million-Dollar-Plus Homes for Sale
Today there are 32 Homes for Sale in Andover with a list price over $1 Million. The Average Days on Market is 245. The Lowest List Price is $1,049,900 and the Highest List Price is $2,999,900.
Mid-Year Results — Million-Dollar-Plus Homes SOLD
The MLS Property Information Network graph below charts results for the 19 Andover Homes Listed for $1 Million-Plus That SOLD in 2017.
All — but 1 — SOLD for over $1 Million. That home was originally listed at $1,068,000, remained on the market for 222 days, had a price adjustment to $1,029,000 on day 92, and SOLD for $968,000.
2016 | 2017 Mid-Year Comparison — Million-Dollar-Plus Market
Both inventory (number of Homes for Sale with a Million-Dollar-Plus List Price) and Average Days on Market are up from 2016. The Average List Price and Average Sale Price are up, as well, while the Average Days to Offer is down.
Regency Ridge | Exclusive South Andover Neighborhood
Regency Ridge is an exclusive neighborhood in South Andover. Homes perched at the top of this cul-de-sac enjoy spectacular views of the sunset. Magnificent brick homes adorn each side of the street, which abuts conservation land. There are currently 2 homes for sale: 7 Regency Ridge (shown below) listed for $2,988,000 and 18 Regency Ridge listed for $2,995,000.
I've toured both and they're stunning! Contact me if you are interested in showing.
About The Top Photo
The beautiful staircase at the top of this blog post is from 10 Porter Road, Andover, Massachusetts — it's a stunning and truly unique home offered at $1,499,900. If you are interested in viewing this gem, I would be happy to schedule a showing.
Your North of Boston Real Estate Connection
A 20-plus year Andover resident, I would be happy to answer any questions you have about the local community and assist with your buying and selling needs. For a complimentary and current pricing study of your home, call 978.886.4852 or email me today.
*Data Courtesy MLS Property Information Network