Beverly Q3 2019 Housing Market Summary

[Click Beverly Q3 2019 Housing Market Summary to download a copy of this report.

Single Family Homes (SFH)
After 8 consecutive quarters in 2017-18 in the $450,000-$475,000 range, the median price of Single Family Homes (SFH) sold in the first 9 months of 2019 (YTD Q3) jumped 10.3% to $520,000. Sales, however, were the lowest since 2012.

Condos
The median condo price YTD jumped 18.1% to $339,000, but was similar to the 2017 level of $340,000. While the drop in 2017 was caused by the end of sales at Elliott Landing, the increase in 2019 in both median price and sales seems to be more a reflection of strong buying interest in Beverly generally rather than any one new development.

NB Numbers in bold represent record levels. Sources: MLSPIN, OliverReports.com

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

Get Free Email Updates!

Did you find this article useful? Add your email address and I will send you notification of new articles.

I agree to have my personal information transfered to MailChimp ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.