“ECONOMISTS SEE HOUSING SLUMP ENDURING LONGER”                                                                                              WSJ This headline was on the Wall Street Journal’s June 9-10 weekend edition.  While many of us are aware of the current real estate market place, how does it affect us locally.  Like Politics all Real Estate is LOCAL!! Review of Andover & North Andover From January 1st to June 13th  there were 190 homes sold in 2006. On comparison for this same time frame in 2007 187 homes have been sold. Clearly this shows a very stable market, while the dollar volume is slightly less it shows a fairly stable market conditions. Again in the same time frames for Condominiums there were 147 condos sold in 2006 vs. 106 condos for 2007. Clearly the condominium market is showing more weakness than the single family market. And one could theorize that the potential condominium buyers may have become single family owners in this time frame due to the slight decline in pricing, thus enabling them to purchase a single family home. Current inventory levels in both towns remain higher than we are accustomed to, with 320 single families and 235 Condominiums available for sale.  EVERY CLOUD HAS A SILVER LINING While we continue to see headlines that certainly make it appear the real estate market is just about awful…it is important to remember that we are in the midst of  a very good buyers market  In fact, it is our opinion that this is the best buyers market we have seen in over 15 years. Historically many of our clients best purchase decisions are made during tougher market cycles. Whether the market is good or bad, real estate (like the equity markets) has always been a good long term investment. Bill Buck Broker/Owner x202 Paula Bishop Sales Associate x203 Susan Donahue Broker Associate x205 Karen McEvoy Sales Associate x207 This Buyer’s Market has actually been going on for almost two years and like all markets, each cycle will eventually give way to a new upward cycle. If the article in the WSJ is correct this should happen in about early 2008. So it actually is an opportune time to consider a move!!  If you are considering making a move in today’s market, it is as important as ever to consult The Stone Wall Real Estate Professionals  and let us guide you through the entire  process. Bill Buck - Broker/Owner The Stone Wall Real Estate Professionals 77 Main Street Andover MA 01810 (978) 475 0077 x202 Fax: (978) 475 9131 Cell:  978 815 1336 bbuck@stonewallre.com A work of art that is truly a masterpiece! Craftsmanship and design combine with state of the art construction. This is a rare opportunity to live in one of the premier locations in Andover. A home of distinction w/over 5400'of living area, gourmet kitchen, huge family room, spacious master bedroom with a luxurious master bath, 1st floor office, au-pair suite, 2000 bottle wine cellar and a four tier waterfall are some of the features in this home. Absolutely an extraordinary home on a quiet cul-de-sac near South and Pike schools. PRICED TO SELL!  $1,699,000!!! Kittredge Crossing 190 Chickering Road, Unit 112 D, North Andover          $319,900 Style: Garden Rooms: 5 Bedrooms: 2 Baths: 2 GLA: 1,173 s.f.  Living Level: 1 MLS: 70568181 Directions:  Route 125 (Chickering Road) to Kittridge Crossing REMARKS: Bill Buck of The Stone Wall Real Estate Professionals presents an incredible opportunity to live at Kittredge Crossing. This private unit has a wonderful balcony overlooking the woods & fields. The master bedroom with its’ own full bath and great double closets. There is also the convenience of a separate laundry room complete with washer/dryer and walk-in closets plus an oversized storage room in the lower level.   And don’t forget the wonderful clubhouse with exercise room and inground pool!! 32 Michael Way, Andover          $519,000 Style: Townhouse Rooms: 9 Bedrooms: 4 Baths: 3 GLA: 3,331  s.f. MLS: 70504026 REMARKS: Bill Buck of The Stone Wall Real Estate Professionals presents the opportunity to live the  life of leisure?? This 3300+ Square Foot Single Family Alternative offers all the charm of a single family home wrapped up in a condominium carefree lifestyle. From the vaulted ceiling living room to the spacious first floor master bedroom this townhouse has so much living space and privacy to offer!!! Current Market Inventory Below is the list of condos and single families sold in the last two weeks of May in Andover and North Andover.

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