Engel & Völkers expands its New England presence

Engel & Völkers is increasing its New England footprint with the addition of 1 new store within the Higher Newburyport space, the corporate introduced on Tuesday.

Karen Hanson, who opened one other Engel & Völkers store in Cape Ann, Massachusetts 5 years in the past, will lead this new workplace. It is going to be her third Engel & Völkers store, in accordance with the press launch.

“Newburyport is a thriving neighborhood with a singular mix of historic appeal and fashionable facilities,” Hanson, license accomplice of Engel & Völkers By the Sea, stated. “By way of our experience and community-driven method to enterprise in addition to our model’s world recognition, we are going to proceed to draw various clientele with elevated advertising methods that can revolutionize property promotion within the space.”

The brand new Engel & Völkers Newburyport store, situated downtown, will serve Newburyport, Newbury, West Newbury, Amesbury, Ipswich, southern New Hampshire and the New Hampshire seacoast.

“We’re wanting to carry our world luxurious actual property experience to this charming area, providing purchasers a brand new commonplace of excellence in actual property providers,” Anthony Hitt, president and CEO of Engel & Völkers Americas, stated in an announcement.

In keeping with Altos analysis, the Newburyport housing market may be very aggressive. As of Oct. 13, the median value for a single-family residence was $1,799,900. The median value was solely $929,900 in October 2022, accounting for a 94% value improve from October 2022 to October 2023. The Newburyport space options quite a lot of property varieties, together with historic properties, waterfront properties, condominiums, in addition to luxurious estates.