Smart Home Technology

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What is a smart home? Many people have been talking about “Smart Home Technology”. Although it’s an industry that started long ago, it is rapidly expanding and the products that are available and continue to be developed is growing with increasing speed and diversity. The term “Smart Home” has become a common phrase but until recently there was no working definition. CNET and Coldwell Banker have worked together to create a definition that has offered consistency that consumers and professionals can work with. Coldwell Banker has also supported CNET in creating a Smart Home home in Louisville where they are able to test out Smart Home products and technologies.

Coldwell Banker has just attended the consumer electronics show, CES 2017, and has been reporting on many of the the new smart home products we will be seeing in the market place. It won’t be long before we see Smart Home products in homes as frequently as we see common household appliances and features like central air conditioning and vacuums.

As we watch the rapid flood of products enter the marketplace we advise really thinking about what benefit any particular product will provide and how they work with each other. There are so many types of products to choose from.

We are now both certified as Smart Home agents. Contact John & Cindy Farrell for guidance and to answer questions about Smart Homes. 978-468-9576

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Interpreting Real Estate News and Data

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John & Cindy Farrell – Coldwell Banker

Interpretating Real Estate News & Data

Trying to understand the Real Estate News on the North Shore. There is a lot of information and reporting about the low inventory of homes available to buy. We have many buyers that are just waiting for homes to come on the market. Many sellers are concerned about selling their homes, afraid they won’t be able to find a home to buy once they have sold the one they have.

See the video with Pat Villani, president of Coldwell Banker Residential Brokerage discussing the current market on WGBH Greater Boston.

There are many factors that contribute to our real estate data. Situations like this have the potential to effect the sales data we will be hearing about in the future. Not enough homes for the buyers that are wanting to buy means lower numbers of home sales will be reported. See the News Release by the National Association of Realtors, “Pending Home Sales Slip on Constrained Inventory.” Read More →

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Essex County Real Estate Market Trends

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John & Cindy Farrell – Coldwell Banker Residential Brokerage

Real estate Market Trends - 2-28-13

Real Estate on the North Shore of Boston. The inventory of homes for sale on the North Shore of Boston remains low. The number of accepted offers have remained strong while the new home listings coming on the market has been declining. The chart above shows the trend of single family home listings coming on the market and single family homes that have been put under agreement in Essex County. These are homes that have been posted in our multiple listing service. We continue to have people just waiting for property to come on the market. We have seen multiple offer situations quite frequently over the past year. Contact us for additional market information.

John & Cindy Farrell

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Real Estate Inventory on the North Shore of Boston

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North Shore Single Family Homes on the Market Down

The inventory of Single Family Homes is down in towns and cities on the North Shore of Boston this year compared to last. We  looked at a snapshot of the market and compared the number of single family homes on the market this year with the same date last year in Essex County and in a few of the towns and cities in our market area. Read More →

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