Posts Tagged 'merrimack valley'

The Andover Country Club is one of the most recognized area’s in The Merrimack Valley and The Andovers. It was founded in 1925 by pioneering industrialist William Madison Wood, the legendary President of the American Woolen Company.

For more than 80 years, the Andover Country Club has been providing the Merrimack Valley with a picture perfect setting for weddings, bar/bat mitzvahs, and anniversary parties. Their function rooms make a beautiful setting for your event, whatever the occasion, and the  staff will work closely with you to make all your dreams come true. The Club boasts three large function rooms, each with a canopied outdoor terrace for cocktails and floor to ceiling windows overlooking the manicured golf course.

The Homes at Andover Country Club or Swan Crossing Condominiums are truly spectacular!

Homeowners will have access to the beautiful championship 18-hole golf course as well as other amenities the club has to offer. The 18-hole golf course was designed by the renowned architect Donald Ross and is recognized as one of New England’s finest golf courses. Golfers of all skill levels will find our course challenging.

Coming soon will be an outdoor swimming pool, 2 tennis courts, a sports court, and a childrens water playground. This will be lots of fun for the hot summer days and nights to cool off after a round of golf or just lounging around poolside. It will be a fabulous addition to the Club and add entertainment for the non golfing members.

Directions

Andover Country Club is located off Route 133 in Andover, Massachusetts, with convenient access off Routes 93, 495, and 114.

60 Canterbury Street
Andover, MA 01810

From 93:

Take Exit 43, Route 133 toward Andover through two sets of lights and take your fourth left onto Canterbury Street.

From 495:

Take Exit 41, Route 28 Andover to first set of lights. Turn right onto Route 133, take second right onto Canterbury Street.

From 114 toward North Andover:

After passing Merrimack College on your left, go one block to set of lights, take left onto Route 133, go through two sets of lights, take second right onto Canterbury Street.

Andover Country Club
60 Canterbury Street
Andover, MA 01810

http://www.andovercountryclub.com/

If you would like more information on the Andover Country Club and their Magnificent Homes, Please call Greg at 978-688-1717.  We look forward to speaking with you!

Greg’s Market Report week of July 19th, 2010. It was a pretty good week this week on Wall St. The market saw lots of economic news this week in the housing market and the Fed was on Capitol Hill giving their semi-annual report on the US Economy. June Existing Home Sales were down 5.1% last month which was an increase of 9.8% year over year. The big story was that inventories were up 2.5% to 3.99 Million units for sale which represents a 8.9 month supply!

What is a bit concerning is that these are numbers when the Home Buyer Tax Credit Program was still going on in April and they were still weak. 1st time buyers still represent 43% of the market and all cash buyers are a staggering 27%! This is the breakdown of Existing Home across the region. Northeast was up 7.9%, Midwest was down 7.5%, South was down 6.5%, and the West was down 9.3%. Distressed sales are still 1/3 of all market transactions 32%. Foreclosure sales are falling as short sales are rising. 30 Year Fixed Rate National Average was down to 4.59% and the 15 Year was down 4.05%. June Building Permits were up 2.1% as June Housing Starts were down 5.0%. One step forward and two steps back.

1st Time Initial Jobless Claims rose more than expected up 37,000 to 464,000 week ended July 17. This number was alittle out of line from expected but continuing claims week ending July 10th were better than expected at 4.487 Million vs the prior week 4.710 Million.

The Fed Chairman Ben Bernanke was on Capitol Hill to give his testimony on the condition of the US Economy on its Semi Annual Address. I felt most of the 2 day address was pretty positive. The fact is that most of this information is old and we already know most of these facts. Even though, the market sold off on Wednesday but rebounded on Thursday. Most of the concern of the testimony was about the exist strategy plan when the Fed eventually has to start raising rates. This isn’t necessarily a bad thing cause it means the worst is behind us and the economy is getting better. Some of the highlights was the following.

*Fed expects inflation to be subdued
*Unemployment is improving
*Expansion is proceeding at a moderate pace
*The Fed still has tools in its tool box if the economy does slow
*Financial Regulation Bill will enforce stronger standards which will minimize risk of another crisis

The one statement the markets didn’t like was that the Fed feels that the economic outlook remains unusually uncertain!

The way I see it is that the real problem is the Federal Government and their unwillingness to understand that it is small business that will help the economy with job growth. If you easy the burden on small businesses with lower tax rates it will help expansion and further growth. The Federal Government has only gotten bigger and they are now taking a bigger role in the private sector which is only going to create bigger problems, more regulation, and higher taxes. This is clearly not the way to prosperity. The good news is that even with this negative environment companies area coming out with big earnings and things look a recovery is coming!

Greg Afarian’s Market Report Week of July 12th to the 16th. Not a ton of economic news this week and the Dow traded flat for the week. Producer Price Index came out this week, which measures inflation on the consumer’s side and it was down .5% for June. Excluding food and energy the core rate was up .1%. This was a better than expected number and shows that inflation at the current time is not an issue. Many people are questioning if deflation might be an issue but, at the current moment that is unlikely.

Jobless Claims for people that are filing for their 1st time week ending July 10th was down 31,000 to 429,000. That was also a better than expected number but the number that I thought was concerning was the continuing claims figure which was up to 4.681 Million vs. 4.4 Million the prior week.

Falling home prices, 24% of all sellers on the market say they have dropped prices at least once since 7/1. That is a 9% increase from June! 30 year fixed rates are stable at 4.69% and the 15 year fixed rate is at 4.12%

Interesting news, iphone 4 is it a lemon? Yankees Owner George Steinbrenner dies at the age of 80. Bought the Yankees in 1973 for $8.7 Million now worth more that 1 Billion plus 2 other companies work well over another Billion!China growth slows to 10.3% in Quarter 2 and better than expected inflation numbers for them makes it seem things are pretty well in check.

My final thoughts…. Deflation is the big risk even though it may be unlikely. The $64,000 question is with very little inflation and rates at record lows how is the Fed going to engineer a successful exit strategy with what we call a “Soft Landing”. What they will eventually have to do is start-raising rates and the question will be how the markets react when that happens. I still feel that we need to keep rates low to help businesses and consumers. You also need to keep taxes low so that Americans to help consumers to continue to spend. I wouldn’t want to repeat what happened in the early 2000’s and if history does repeat itself that could be a bad situation for everyone!

Andover Market Basket closed after 44 years of service! A popular landmark in Andover, it was one of the only Supermarkets in Andover. It closed June 26 which isn’t new news but, when I recently visited the Shawsheen Village Plaza it was an eerie and sad sight. I remember going to that market as a child with my mom and was recently in there not too long ago which brought back lots of memories.

As I stood in the empty parking lot, two cars pulled up and the peoples expression was priceless. They were unaware that it had closed. The reason why it closed was pretty simple. The building is owned by Stop & Shop and they didn’t renew their lease. This brought a pretty interesting point to me. I’m not sure if 44 years ago it might of been possible to have bought that building or a lease option with the possibility to own but that might have saved them from closing this location. Most of the time when it involves commercial real estate it’s the only option you’ll have, especially in key locations. But, this brings up a great debate in the rent / lease vs. own questions on which is better? I would say that right now it has never been a better time to own in decades. The $64,000 question is whether or not the American people feel that way.

Greg Afarian’s Market Report week of July 6 to July 9th. The Market Rebounds after 3 weeks of selling off as stocks see there best week in a year.The DOW was up more than 468 points this week. Many Wall Streeter’s feel this could be a summer rally, I think after the huge run off it was more like a relief rally.

This week was a short week of trading due to the observance of the 4th of July. Not alot of key economic news this week. June Same Store Sales was weak as the consumer is slowing their spending and it seems a pattern of selective spending could be a trend.

The 30 Year hit an all time low / record as the 30 YR Fixed Rate dips to 4.57% and the 15 YR Fixed Rate is at 4.07%. Mortgage Apps this past week for Refi’s were up 9.2% and purchase apps were down 2.2%. Purchase apps are down 30% since April which seems as though the ending of the Home Buyer Tax Program is really effecting the market.

Oil is at $76.39 a barrel and Gold is at $1,212 an ounce. Weekly Jobless Claims were better than expected for the week ending of 7/3 with 1st time claims falling 21,000 to 454,000. Stocks in the news, Google is back in China and Zillow & Yahoo make a partnership for online real estate advertising.

About the Me: The above Real Estate information was provided by Greg Afarian, l can be reached via email or send me a message on Twiter Have a home to sell on the NorthShore in Mass? I’ll help you with my social media skills for a quick transaction to help save you time and money. I service the following towns in Boston and the Greater Boston Area. Andover, North Andover, Lawrence, Methuen, Haverhill, Boxford, Bradford, Dracut, Reading, North Reading, and beyond.