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.

Beverly Housing Market

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.

Beverly Housing Market

NB Numbers in bold represent record levels

Andrew Oliver

www.OliverReports.com

 

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