Jeopardy answer: Boston 117 Marblehead 3

And the question is: “what is the number of condos in Boston that sold for more than $3 million in 2015 compared with the number of houses that sold in Marblehead over $3 million?”

Following my $20 million condos? post earlier this week, I read with interest this Record number of Boston condos sold for over $3 million in 2015 article on boston.com about condo sales in Boston in 2015. Oh, by the way, overall 286 condos (vs 191 in 2014) sold for more than $2 million and 822 (690 in 2014) for more than $1 million.

I think of real estate as being like a large pond: a pebble dropped in the middle creates ripples which reach out wider and wider with time. Boston is the middle of the Massachusetts pond, but the ripple effect is being seen as more and more buyers from Boston appear to be taking advantage of high prices there to sell and buy further out in the pond.

Here is a list of sales over $3 million for Boston and MA counties in 2015, followed by a breakdown by town. No real surprises – most of the higher end sales were in or near Boston, or on the Cape and Islands (my numbers exclude Nantucket as brokers there use a different MLS service).

Counties (and of course Boston)

Source: MLSPIN, Oliver Reports

Towns

Source: MLSPIN, Oliver Reports

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.

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Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated

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