>Gloucester 2017 Housing Market Review
(Click here to download a copy of this report.)
The median price of the SFHs sold in Gloucester in 2017 increased 15.4% to a record $461,750. Sales, as in many communities in 2017, slipped from the 2016 peak.
Sales under $350,000 slumped from 85 in 2016 to 55 in 2017, while sales over $1 million jumped from 17 to 28.
Condos
The median price of the condos sold in Gloucester in 2017 increased 12.1% to a new record of $325,000, finally beating the previous high of $300,000 set back in 2003. Sales were up from the level of the last few years.
The biggest change in 2017 was the increase in sales over $300,000, from 41 in 2015 and 40 in 2016 to 63 in 2017, driven by several new construction projects.
Andrew Oliver
www.OliverReports.com
andrew.oliver@sothebysrealty.com
617.834.8205
Gloucester 2016 Housing Market By The Numbers
Single Family Homes (SFH)
The median prices of a SFH sold in Gloucester in 2016 increased by 2.6% to $400,000, almost back to the 2006 peak of $402,500. Prices have increased steadily, but modestly, over the last few years. Sales have also been on an upward trend and reached a new peak in 2016: (more…)
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