Jeff Shmase North Shore Real Estate

07/21/2026

Those who know me as a realtor ask me how the market is. Get ready for some data. I live in Peabody, so I will use that as the gauge. The single family market has remained largely unchanged for the past decade. Inventory (the number of properties for sale) is still limited. Homeowners are just not moving as frequently as they once did. Currently, there are 28 single family listings on the market in Peabody, which represents 1.3 months of inventory. A balanced market is 5-6 months supply of homes for sale. Low supply equals high demand which puts upward pressure on prices. But at what point will homes be priced so high that inventory isn't moving. We are not there yet, even though prices hit all-time highs each month. In Peabody, the average price of the 28 homes for sale is $749,000 on an 1881 square foot home or $427 a month. Sale price per square foot is similar for homes that have accepted an offer. Year to date, sales are up just slightly as are prices. Despite all-time high prices, accepted offers are going over asking price and homes that are priced based on market conditions, are well located and updated are still receiving bidding wars. Speaking of which, the conflict in Iran is having a significant impact on the market in general, and interest rates in particular. Current mortgage rates are nearing 7%; there had been hope that those rates would be under 6% in the past couple of years but that has not occurred. Lower rates increases demand and also supply as many homesellers would be homebuyers as well if rates were lower. Many homeowners have rates under 3% post Covid and are hesitant to give up that rate and lower cost. One last note: If you are considering selling, we are getting to the point where you may want to do it ASAP (as long as it is ready) because buyers with school-age children like to have them in place for the start of the academic year and since it takes about 6 weeks to close on a property when using a mortgage we are at that date. If you have any questions about buying, selling or both please reach out.

06/11/2026

I just received this review from Christine Boles in a Google review. Thank you Christine, it was great working with you as well.

Jeff Shmase was a pleasure to work with when recently selling a property in Peabody, MA. I found him to be knowledgeable, conscientious and dependable. He had great suggestions on listing details and was a great communicator. If I had to recommend a realtor on the North Shore, it would be him!

06/03/2026

Who wants to move to Florida? Or perhaps own a second home. I am co-listing a property on Pompano Beach, steps from the ocean. See the link for more details. For those living in the Northeast, it's a buyers market in Florida, particularly the condo market, so deals can be had. Reach out to me if you are interested or share with somebody who you think may be.

Find Property Information for 2350 NE 14th St Causeway #205, Pompano Beach, FL 33062. MLS # B26033682. View Photos, Pricing, Listing Status & More.

06/02/2026

I received this Google review from my most recent last week, the seller at 44 Dexter Street in Peabody. Thank you , Diane. I enjoyed helping your family. You guys were great to work with!

Great experience working with Jeff. Easygoing and very professional, he kept us informed throughout the entire process from preparing the house to closing. He was very conscious of our budget and suggested contractors that worked within it. He was easily accessible for any and all questions we had. I would highly recommend him and would use him again in a heartbeat.

05/31/2026

About a week ago , I closed on a transaction that was very special to me. Our friend Ellie from Canada hired me to sell her Florida condo. She was friends with my parents as they were neighbors, and after my wife and I took over the condo from my parents we continued that relationship with Ellie. Thank you to my colleague Lisa Jones from Coldwell Banker and our title professional RJ Spadaro. Congratulations to Ellie.

05/29/2026

Congratulations to my sellers of 44 Dexter St. in Peabody and to the new buyers and my new neighbors. I believe you will be very happy. The home sold after just one open house. We received 13 competitive offers and the property sold well over asking price. Thank you to the attorneys and the other professionals involved in the sale. If you know anybody looking to list their property please have them reach out to me.

04/21/2026

Great South Peabody single family home coming on the market at the end of the week. Where are my buyers? DM me.