Salem Median Home Sale Price Reaches $636,000 in Late Summer Deed Records

SALEM -- Fifteen residential deeds were recorded in Salem between Aug. 7 and Sept. 5, with prices ranging from $326,150 to $945,000 and a median sale price of $636,000 among the 12 transactions that disclosed a price.

MARKET OVERVIEW The Essex County Registry of Deeds recorded 15 Salem property transfers during the period. Of those, 12 included a disclosed consideration amount, ranging from $326,150 to $945,000, with a median of $636,000. The remaining three sales did not disclose a price, which is common for certain deed transfers and does not necessarily indicate a below-market or above-market transaction. Based on raw count alone, 15 recorded sales in a four-week span reflects a normal level of transaction volume for the city; the data does not provide a basis for comparison to prior months or to statewide figures.

TOP SALES The highest-priced transaction was 5 Daniels St., which sold for $945,000 on Sept. 4. Janet L. McLaughlin, trustee, was the seller; Dana Jensen was the buyer. The second-highest sale was 72-74 Butler St., Unit 2, which sold for $760,000 on Sept. 2; Christopher Durham sold to Fernando L. Nunez Caraballe. Close behind, 27 Mooney Rd., Lot 32, sold for $750,000 on Sept. 4, with Patricia D. Correale, trustee, selling to Mindy Robtoy. At 11 Adams St., Lots 13, 14 and part of Lot 12 sold for $730,000 on Sept. 3, with the Cornelius J. Crean Revocable Trust selling to Sharon F. Lindsay. Rounding out the top five, 13 Pickman Rd. sold for $710,000 on Sept. 2, with Andrew M. Ingram selling to Marissa Kowalski-Young. Bed, bath and square-footage figures were not available in the deed data for any of these properties.

NEIGHBORHOOD BREAKDOWN Essex Street had two recorded sales during the period: 434 Essex St., Unit 2R, sold for $350,000 on Sept. 4, and 266 Essex St., Unit 6, sold for $475,000 on Sept. 2. No other street had more than one recorded sale in the dataset. By price tier among the 12 disclosed sales, three sold under $500,000: 16 Franklin St. Unit 1403 ($326,150), 434 Essex St. Unit 2R ($350,000) and 266 Essex St. Unit 6 ($475,000). Nine sold between $500,000 and $1 million, led by the $945,000 Daniels Street sale; no recorded sale topped $1 million during the period.

MARKET NOTES Bed, bath and square-footage data were not available for any property in this dataset, so no price-per-square-foot comparisons can be made. Of the 15 recorded transfers, seven carried a unit number ("UN"), indicating condominium sales, while the remaining eight were recorded as single-family addresses or numbered lots without a unit designation. Three of the 15 transfers involved a seller and buyer sharing the same last name, with no price disclosed in any of the three: 1 Glendale St. (Delbert James Graham to Melissa Graham, trustee), 43 Whalers Ln. Unit 24A (Inna Gudelman to Inna Gudelman) and 21 Japonica St., Lot 26 1/2 (Michael J. Pelletier to Michael J. Pelletier, trustee). These appear consistent with within-family or trust-restructuring transfers; the data does not indicate the reason for each transfer. Separately, four of the disclosed sales involved a trust as the seller to an unrelated buyer name, including the period's top sale at 5 Daniels St. and the third-highest at 27 Mooney Rd. One sale, 16 Franklin St. Unit 1403, listed a limited liability company, Bay View Station LLC, as the seller.

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.