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 [email protected].
Read Which broker will find the buyer for my house?
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
You can REGISTER to receive email alerts of new posts on the right hand side of the home page at www.OliverReports.com.
@OliverReports
Only 2 Oceanfront Homes for sale in Marblehead
Recently I published Marblehead sets record for sales over $3 million highlighting the spurt in sales of Oceanfront properties recently.
The pace of sales (and the withdrawal of some properties from the market) means that there are now only 2 Oceanfront homes for sale in Marblehead, one on Ocean Avenue and 11 Crown Way, and both have Open Houses this Sunday.
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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 [email protected].
Read Which broker should I use to sell my home?
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
You can REGISTER to receive email alerts of new posts on the right hand side of the home page at www.OliverReports.com.
@OliverReports
Marblehead sets record for sales over $3 million
After lagging for some time Marblehead set record sales over $3 million, in terms of offers received, in 2015. Indeed, with a further accepted offer this week, we have now seen 6 consecutive months with a sale of a property listed at over $3 million.
I have written several times about the puzzlement that many real estate agents have felt about slow pace of sales at the top end. Last September I wrote Time to buy that Oceanfront property? and included the comment: “Both the stock market and Boston condos have enjoyed a great run in prices in the last few years. One area that has not participated in the recent upturn, however, has been oceanfront property on the North Shore. Maybe Boston condo owners should be asking whether now is time to buy that oceanfront property.”
Since that article was published last September 5 houses in Marblehead on the water have received offers, so I guess at least some Boston condo owners have decided that the answer to my question is YES. (more…)
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