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John Crosby

Salem MA, Howling Wolf Taqueria - A Terrific New Mexican Style Restuarant!

11-30-10
John Crosby

Good Mexican food is hard to find on the North Shore, No Longer! The Howling Wolf Taqueria located across Derby Street from the Central Fire Station is a needed and great addition to Salem's growing selection of "to-die-for" restaurants. This amazing eatery has an upbeat atmosphere with lots of bright colors, high ceilings, paintings, great music and friendly service.

It's a perfect Mexican South West style taqueria with no tablecloths, self service, and great prices. A Carne Deshebrada Burrito (shredded beef in a spicy tomato sauce) comes with rice, beans, cheese and a choice of salsas all for only $6.75 and that price certainly should leave room in your budget for one of their great white sangrias. The Green Chile Chicken Stew also for $6.75 is a huge bowl-full perfect to take the chill off a cool evening and warm your belly, click here to check out their delicious menu.

The open space has a small full service bar at one end great for socializing and grabbing a beer or glass of wine with friends. At the other end of the room is where all the great food is prepared and served, in the middle just pull up a chair at a table with your meal and refreshment and you are on your way to a wonderful Mexican South West style experience.

They are open daily until 11:00pm except Sundays when they are open until 10:00pm
To-Go Orders call 978-744-9653

Howling Wolf Taqueria

John R. Crosby, Realtor

Real Property, Inc.
19 Linden St.
, Marblehead, MA 01945
781-479-4177 phone & fax
John@MoveWithCrosby.com

"Pay It Forward" A Bonus from the Appraiser!

10-16-10
John Crosby

I've practiced as a Broker and Residential Real Estate Appraiser in the Boston & NorthShore market area for way over 25 years. By doing so I've learned lots and lots of the great benefits each of the City's and Towns in the metro Boston area offer that some of their residents may not even know of, like the owners of a lovely home in Dorchester that I appraised for a refinance mortgage.

The home has dramatic rooftop views to the South out over the community and out over Quincy Bay. The owners purchased this place a few years ago when both their income and the mortgage interest rates were higher. With great pride the owner showed the property to me and informed me how tight their budget was and how the mortgage and real estate taxes were strapping them now. He said the lower interest rate on the new mortgage would help their financial situation but they still need to find ways to save more money.

Upon hearing his lament over the cost of his home I asked if he was taking advantage of the City of Boston's Real Estate Tax Residential Exemption, to which he looked at me in a puzzled way and asked "what is that?"

Every year since 1983 the City of Boston has provided a residential real estate tax exemption to residential properties that are used as the principal residence of the owner. In many cases new owners need to apply for this exemption, which he didn't know about to do. In 2010 owners who qualified received a credit of $1,486.07 off the total real estate tax bill.

It sounds and looks like the owner whose home I appraised will qualify. He was ecstatic when I told him about how much he could be saving. I'm sure I have a new friend for life and it really made me feel like I had just won the Jack Pot by helping someone out with a little bit of my knowledge about his community.

John R. Crosby, Realtor
Real Property, Inc.
19 Linden St.
, Marblehead, MA 01945
781-479-4177 phone & fax
John@MoveWithCrosby.com

Salem MA market stats for condominium home sales as of 9/30/2010.

10-04-10
John Crosby

Salem MA market stats for condominium home sales as of 9/30/2010 shows the median sale price stabilizing but the overall sales volume declining in year to year quarterly comparisons.

As both a residential real estate appraiser and broker in the Salem market area I enjoy crunching the numbers to keep on top of the local market trends. Recently I've anxiously been waiting to analyze the 1st quarter data since the end of the home buyer tax incentives on 6/30/2010 for the condominium market here in Salem (zip code 01970).

According to MLSPIN in the Salem Zip Code 01970 all condominium sales are as follows:

  • July 1, 2010 to Sept. 30, 2010 - 48 sales, sale priced $40,000. to $525,000., avg. list price $233,712., avg. sale price $224,122., avg. days on market 160.33.
  • July 1, 2009 to Sept. 30, 2009 - 71 sales, sale priced $25,000. to $345,000., avg. list price $238,235., avg. sale price $227,519., avg. days on market 113.01.

After reviewing the data and comparing the 2010 to the 2009 quarters are my following observations:

  • The median condo. price in Salem rose a modest 1.33% from $226,000. to $229,000. - Good News!
  • The average list to sale price per cent ratio rose modestly from 95.5% to 95.9% - Good News!
  • The average days on market increased substantially from 113.01 days to 160.33 days - Not Good News.
  • There was an approximate 32.4% decline in sales volume from 71 sales to 48 sales - Not Good News.
  • As of 9/30/2010 there were 178 condo listings active on the market in MLSPIN or approximately 11.125 months of inventory on the market - Great News for Buyers - Not Good News for Sellers.

My observations are food for thought and discussion. Did the end of the home buyer tax credit have an effect on the Salem condominium market? Where is the Salem home market trending? Time will tell.

John R. Crosby, Realtor - Real Property, Inc. - Marblehead, MA 01945 - www.RealProInc.com - John@RealProInc.com - 781-639-1155

Massachusetts Certified Residential Real Estate Appraiser #1048

Salem MA market stats for single family home sales as of 9/30/2010.

10-02-10
John Crosby

Salem MA market stats for single family home sales as of 9/30/2010 show good and not good news in year to year quarterly comparisons.

As a residential real estate appraiser and broker in the Salem market area I love to crunch the numbers to keep abreast of our market trends. I've anxiously been waiting to analyze the 1st quarter market data since the end of the home buyer tax incentives for the single family home market here in Salem (zip code 01970).

According to MLSPIN in the Salem Zip Code 01970 all single family sales are as follows:

  • July 1, 2010 to Sept. 30, 2010 - 31 sales, sale priced $74,000. to $836,500., avg. list price $369,739., avg. sale price $353,226., avg. days on market 112.35.
  • July 1, 2009 to Sept. 30, 2009 - 61 sales, sale priced $85,000. to $825,000., avg. list price $317,820., avg. sale price $308,580., avg. days on market 75.44.

After reviewing the data and comparing the 2010 to the 2009 quarters are my following observations:

  • The median single family sale price in Salem increased approximately 19.65% from $285,000. to $341,000. - Very Good News!
  • The average list to sale price per cent ratio declined from 97.09% to 95.53% - So-So News.
  • The average days on market increased by 36.91 days - Over 1 month longer, Not Good News!
  • There was an approximate 49.2% decline in sales volume from 61 sales to 31 sales - Not Good News!
  • As of 9/30/2010 there were 106 single family listings active on the market in MLSPIN or approximately 10.26 months of inventory on the market - Not Good News!

My observations are food for thought and discussion. Did the end of the home buyer tax credit have an effect on the Salem single family home market? Where is the Salem single family home market trending? Time will tell.

John R. Crosby, Realtor - Real Property, Inc. - Marblehead, MA 01945 - www.RealProInc.com - John@RealProInc.com - 781-639-1155

Marblehead MA market stats for single family home sales as of 9/30/2010

10-02-10
John Crosby

Marblehead MA market stats for single family home sales as of 9/30/2010 show good news and some not-so good news in year to year quarterly comparisons.

As a residential real estate appraiser and broker in the Marblehead market area I love to crunch the numbers to keep abreast of our market trends. I've been anxiously waiting to analyze the 1st quarter data since the end of the home buyer tax incentives for the single family home market here in Marblehead (zip code 01945).

According to MLSPIN in the Marblehead Zip Code 01945 all single family sales are as follows:

  • July 1, 2010 to Sept. 30, 2010 - 44 sales, sale priced $275,000. to $2,905,000., avg. list price $716,036., avg. sale price $672,866., avg. days on market 113.02.
  • July 1, 2009 to Sept. 30, 2009 - 52 sales, sale priced $250,000. to $1,600,000., avg. list price $568,340., avg. sale price $529,202., avg. days on market 110.65.

After reviewing the data and comparing the 2010 to the 2009 quarters are my following observations:

  • The median single family sale price in Marblehead rose approximately 4.5% from $484,000. to $505,800. - Good News!
  • The average list to sale price per cent ratio rose from 93.11% to 93.97% - Good News!
  • The average days on market increased very slightly by 2.37 days - So-So News.
  • There was an approximate 15.4% decline in sales volume from 52 sales to 44 sales - Not So Good News.
  • As of 9/30/2010 there were 121 single family listings active on the market in MLSPIN or approximately 8.25 months of inventory on the market - Not So Good News.

My observations are food for thought and discussion. Did the end of the home buyer tax credit have an effect on the Marblehead single family home market? Where is the Marblehead single family home market trending? Time will tell.

By the way this is my 1st blog so if I've messed up here please let me know and better yet, let me know how to unmess it up. Thanks!

John R. Crosby, Realtor - Real Property, Inc. - Marblehead, MA 01945 - www.RealProInc.com - John@RealProInc.com - 781-639-1155