Home Sales

Local Market Preview 2018

A look ahead into Real Estate Market Predictions for the Greater Newburyport Area and Southern New Hampshire

Welcome 2018! It is no secret that 2017 was a seller’s market in the Greater Newburyport Area and the North Shore. With home inventory extremely low and many homes selling over their original asking price, buyers were struggling to keep up with the pace of home sales.

The bottom line: although some local home buyers were successful in finding homes this year, many were left looking ahead, hoping for more inventory to come onto the market in 2018. Well, for homebuyers and sellers, the future looks bright!

What does 2018 hold for homebuyers in the area?

By now, homeowners are aware that there are eager buyers poised and ready (with mortgage pre-approvals) to make offers.  A fast and easy transaction is very motivating for people who would like to downsize or relocate. Plus, the National Association of REALTORS is reporting that, “home shoppers may have it easier in 2018. Inventory constraints of for-sale homes and rising home prices may finally start to ease next year, according to realtor.com®’s 2018 National Housing Forecast.” The same report indicates that home prices will level out in 2018-2019. If they haven’t already, homebuyers should move quickly to partner with an Accredited Buyer’s Agent to ensure they have an advocate alerting them to new listings and price changes in the area. If you are just beginning the process of looking locally, or are a first-time homebuyer, reach out to us to help you set yourself up for success (and avoid surprises) when it comes to the entire home purchasing transaction. The market will be still be very competitve, so it is important to know exactly what you want so you will not hesitate when the perfect property comes along!

What does 2018 mean for homesellers?

First and foremost, the seller’s market will continue to be strong. Inman News predicts that “Real estate experts and economists agree sellers will continue to hold the cards” especially in “hot markets” like the North Shore. When working with an experienced local agent, home sellers can expect sell their home quickly if the price is right. If you are just beginning to think about listing your home, now is the time to reach out to a trusted REALTOR® even if you are not completely ready to put your home on the market. He or she can walk you through the market trends and offer home value estimates and tips to prepare your home to be listed.


Spring will be here before we know it, so now is the time to choose a REALTOR®, create an ideal timeline to set up your home sale or purchase, and get a jump on the competition.


Contact us to discuss your real estate transaction and get a headstart on what will surely prove to be another exciting year!



Curb Appeal: Your Front Door

Your front door is such an important element of the exterior of your home. Not only is it the entryway for guests, it is also the focal point that the eye is drawn to as people walk or drive by. If you are thinking about selling your home, updates to your front door can be a great, relatively inexpensive way to increase your curb appeal.

Seasonal decor is a great way to keep your front door fresh and inviting, as are creative paint colors and framing. Whether your home is an antique colonial or a more contemporary style, consider making a statement on your door with a bold paint color or a stunning wreath.

For inspiration, take a look at some of these beautiful, New England front doors from The Front Door Project on Instagram. Thank you Deb, at The Front Door Project for allowing us to share your beautiful posts!


Portsmouth, Curb Appeal, Front Door

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Rockport, Massachusetts

Fall Real Estate Market Preview

The Fall Market has arrived and the trend of a strong seller’s market we have been experiencing over the past year is not showing any signs of slowing. In fact, it may be gathering momentum heading into the September. One thing is certainly clear: if you have been thinking of selling, there is no time like the present.

Home sales are up and inventory is down with many pre-approved buyers prepared to make offers as soon as they get the chance.

Stone Ridge Properties owner and REALTOR® Cathy Toomey says, “Every expectation is that  the fall market will continue to be a Seller’s market. Inventory continues to move quickly and houses properly priced will be snapped up. Buyers will need to act aggressively if they want to purchase a property that is new to the market.”

If you have been thinking of prepping your home for sale, or having a conversation with a REALTOR®, don’t hesitate to reach out to us. We can get the process started to maximize your home’s value and connect you with our network of buyers.

The Value of Using a Buyer's Agent

Have you been spending your Sundays cruising through Open Houses in the area to see what your market looks like and how homes are being priced? Are you beginning to poke around online for property? You should consider doing some research into local real estate firms and agents as part of your home search preparation!

Purchasing a home is an extremely exciting event, but there is a lot to manage, and what should be a happy, life-changing process can quickly become a daunting one. Working with a trusted, licensed real estate professional as your buyer’s agent will help to guide you seamlessly through the process. Furthermore, you should work with a REALTOR®. What is the difference between a REALTOR®, and an agent?

From the National Association of Realtors website: Every agent is not a REALTOR®, but most are. If you're unsure, you can ask your agent if they're a licensed REALTOR®. REALTORS® are held to a higher ethical standard than licensed agents and must adhere to a Code of Ethics.

Another perk of having a buyer’s agent? You don’t pay anything! The home seller does. The guidance and partnership is free to you.

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When working with a buyer’s agent you are guaranteed:

  • A lawful transaction
  • Loyalty
  • Trustworthy Advice
  • Years of experience - especially with a team like Stone Ridge Properties who has been helping clients buy and sell property in the greater Newburyport area for nearly 30 years.
  • The best value for your time

If you do not work with an agent you risk:

  • Paying too much
  • Not offering enough and losing the chance to make a reasonable offer
  • Home Inspection Misses
  • Paperwork Nightmares
  • Potential Lawsuits
  • Deals falling apart with no warning or recourse

Paperwork and legalities surrounding real estate transactions can be overwhelming and confusing, never mind when third parties get involved during processes like home inspections and meetings with other real estate professionals and potential sellers. And let’s not forget the process of negotiation! You may decide you want to make an offer below asking price, or in some cases over the asking price - especially in a competitive market. After your home inspection, you may want to further negotiate reductions based on findings and you may even want physical items from within the home as part of your final deal. Working with an experienced buyer’s agent takes the stress out of the transaction and is an absolute must when purchasing a property.

Working with a buyer’s agent will keep your offers timely and competitive, your transactions smooth and legal, and provide you with the most up-to-date news and information about the current market.

Contact one of our licensed REALTOR®s today!

What is the value of home staging?

What is home staging and should I consider it for my home?

If you have ever toured a home that is completely empty, you know how difficult it can be to imagine what your furniture might look like in the rooms, or to estimate how large certain spaces really are. The emptiness can be confusing - conversely, too much clutter in spaces can also be overwhelming.

One way to solve this problem for real estate agents and clients is home staging. The goal of staging is to increase the appeal of the home to the highest number of potential buyers, in order to sell the property quickly and for a high value. There are many strategies for effectively staging your home depending on how much time and money you would like to invest.

Some home-staging strategies:

  • Removing clutter
  • Rearranging room layouts to be open and inviting
  • Moving excess furniture into storage
  • Changing lighting
  • Introducing plants and other inexpensive artwork or home accents
  • Styling shelving

Most Realtors agree that a well-staged home may increase the value of the home as well has help to sell it more quickly. Even staging one or two rooms can impact the marketability of a home.

Rooms that Realtors often recommend staging are:

  • Living Room
  • Kitchen
  • Master Bedroom
  • Dining Room
  • Bathroom

If you are interested in selling your home and learning more about if home-staging would be a good option for you, contact your Stone Ridge Properties Realtor.