Marblehead April foreclosure rate low but steady
The rate of new foreclosures in Marblehead was steady in April, new housing data shows.
Last month, banks began foreclosure proceedings against three homeowners, the same number as in April 2011, according to the Warren Group, which tracks housing figures state-wide.
Auctions of foreclosed homes increased from one last April to two this April. Deeds of foreclosed homes, the mark of a completed foreclosure, rose only slightly from one home deeded last April to two last month.
To see town-by-town listings of foreclosures in April, click here.
Marblehead seems relatively insulated from a statewide trend of ramped up foreclosure activity, after regulatory actions in 2011 brought much of the process to a halt.
"Foreclosure activity was so low last year that we're inevitably seeing a rise in foreclosures across the state," said Cory S. Hopkins, editorial director of The Warren Group, in a statement. "It's necessary for a wave of foreclosures to work through the system this year, but it shouldn't cause panic. In order to return to a healthier market, the backlog of distressed properties needs to be cleared from banks' books."
Little Harbor Boathouse announces rowing programs
Courtesy of Little Harbor Boathouse
The following was submitted by Little Harbor Boathouse:Marblehead Festival of Arts hosts Tea Room
Marblehead Festival of Arts to host Farmers' Market Opening Day June 9
Marblehead home sales up, prices down
More than double the number of homes were sold in April in Marblehead than in the same month last year, but median prices for those properties dipped significantly, recent housing data shows.
In all, 20 homes went under agreement in the North Shore community in April, up from eight in April 2011, according to the Warren Group, which tracks housing data throughout the state.
The strong sales figures were accompanied by median prices that fell $43,750, to $411,500.
Condominium sales were scant, at three units under agreement in the month, up from one recorded last April. The median price for the condominiums was $173,800, but because so few units sold in the same period last month no comparable statistics were available for the change in price.
Statewide, April was the strongest month for home prices since October 2011, a sign of a rebounding market, Timothy M. Warren, CEO of the Warren Group, said in a statement.
"Low mortgage rates and an improving job market in the Bay State are encouraging buyers to enter the market," Warren said. "It looks like the months ahead will continue to be positive as the strong spring and summer market heats up. Typically, June is the biggest month of the year for real estate closings."
Art exhibits highlight Marblehead Festival of Arts
Nancy Fromson
Admiring Art at Abbot Hall
The following was submitted by the Marblehead Festival of Arts:Marblehead residents participate in Walk for Hunger
Marblehead residents Wes Styles and Sofia Goetz as they finish Project Bread’s 44th Walk for Hunger. They joined 43,000 other walkers and volunteers who raised $3.6 million to fund more than 450 food programs that protect the individual and strengthen our community food security.
Recent real estate sales in town
Seventh annual Beatles benefit concert to be hosted by UU Church of Marblehead
Marblehead Festival of Arts prepares performing arts stage at Crocker Park
Nancy Fromson
These 2011 volunteers helped make Performing Arts happen at Crocker Park.

