When properties have been on the market for years and are now selling, that has to be a clear sign the market is heating up. 15 Park Circle sold on 2/25 for $347,500; it was only on the market for 4 years. 70 Lover’s Lane sold on 8/10 for $1.2mm; 4 years. 6 Candle House Lane sold on 11/9 for $1.35mm; 5.5 years. 6 Woodbury Lane sold on 5/3 for $1.85mm; 4 years. 5 Quaises Pasture Road sold on 10/31 for $2.15mm; 5 years. 68 Pocomo Road sold on 3/15 for $2.75mm; 3 years. 25 Lincoln Avenue sold on 8/28 for $18.5mm; 2.5 years. 1 Sherburne Turnpike sold on 11/29 for $18.25mm, 5 years.
There are plenty of more examples, but the point is, inventory is getting cleared across the board and all signs continue to point to a strengthening market. Hingham Savings buying 35 Main Street to open a flag branch, making it the fourth bank on ACK, alongside Nantucket Bank, Pacific National Bank and Cape Code Five Savings Bank-if that is not a sign, not sure what is. “Even a blind man knows when the sun is shining!!!”-GD