Peabody Home Sale Prices Range Widely as Median Holds at $565,000

PEABODY -- Essex County deed records show 15 property transfers in Peabody recorded between July 31 and Aug. 29, with sale prices disclosed on just nine of them, ranging from $331,000 to $725,000 and a median of $565,000.

MARKET OVERVIEW Fifteen sales were recorded in the four-week period, but only nine deeds listed a consideration amount; the other six were transfers into or out of family trusts, a category of filing that commonly omits sale price. Among the nine disclosed-price sales, prices ranged from $331,000 to $725,000, with a median of $565,000. Fifteen recorded sales is a moderate volume for a single community over roughly a month, though the data provided includes no prior-period figures to establish whether that pace is higher or lower than usual.

TOP SALES The month's highest-priced transaction was 406 Pine Brook Dr., Unit 28, which sold for $725,000. Cassandra Marie Hughes was the seller and Jose Humberto Vazquez the buyer. At 6 Wright Rd., Lot 51, the Mildred R. Lowry Irrevocable Trust sold to Steven Chiappa for $700,000. Juliana Masci sold 153 Lynn St., Lot 39, to Robert McCuish for $620,000. The Corning Family Trust sold 46 Abington Ave., Lot 226, to Lester B. Hernandez Sanchez for $610,000. William M. Thorpe Jr., as trustee, sold 32 Glendale Ave. to Pek Somonak for $565,000.

NEIGHBORHOOD BREAKDOWN No street in the dataset had more than one recorded sale, so no street-level cluster emerged. By price tier among the nine disclosed sales: two sold under $500,000, including 7 Bay State Blvd., Lot 6, at $331,000 and a $460,000 sale for which the deed record lists no specific street address. Six sold between $500,000 and $700,000: 9 Ledgewood Way ($506,000), 35 Tamarack Ln. ($540,000), 32 Glendale Ave. ($565,000), 46 Abington Ave. ($610,000), 153 Lynn St. ($620,000) and 6 Wright Rd. ($700,000). One sale, 406 Pine Brook Dr., topped $700,000 at $725,000.

MARKET NOTES Four of the 15 recorded transactions were condominium units, identified by unit numbers in the deed: 406 Pine Brook Dr. Unit 28, 35 Tamarack Ln. Unit 3, 9 Ledgewood Way Unit 22 and 1603 Huckleberry Ct. Unit 1063. All six transactions without a disclosed price involved a trust as buyer, seller or both, and several paired matching family names between grantor and grantee, such as Christine Marano transferring to the Chris & Pat Marano Irrevocable Trust and Joanne L. Guzowski transferring to the Joanne L. Guzowski Trust. Beds, baths and square footage were not available in the deed data for any of the 15 sales.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.