Beverly Q1 2019 Housing Market Review
[Click Beverly Q1 2019 Housing Market Review to download a pdf of this report.]
The median price of the Single Family Homes (SFH) sold in Q1 2019 increased 15% compared with Q1 2018 to $525,000, the first time Beverly has recorded a quarterly median price above $500,000. Sales of SFHs, however, dropped from 53 to 37.
Condos
The median condo price jumped 26% to $372,450 compared with $295,000 in 2018 and $430,900 in 2017, when there were 18 sales at Elliott Landing, mostly over $500,000. While the impact of Elliott Landing has washed out of the numbers, there are several upscale conversions taking place in Beverly and these carry a higher sales price than the older, less luxurious condos. Condo sales were steady at 24 vs 25 in 2018.
NB Numbers in bold represent record levels
www.OliverReports.com