Greater Boston Real Estate Market Report Weekly Update For July 3rd
Happy Fourth of July
Here is What’s Happening Right Now in Greater Boston Real Estate
Detached Single-Family Homes: The 1,217 homes sold in May 2018 was the fifth highest sales volume for the month and was a 2.4 percent decrease from the 1,247 homes sold in
May 2017. This total is above the 15-year historical monthly sales average for May of 1,132 homes sold. The median sales price reached arecord high for the month of May at $629,000 which was a 5.4 percent increase from the May 2017 median sales prices of $597,000.
Condominiums: With 1,060 condos sold, it was the eighth most active May on record in Greater Boston, and a 2.8 percent decrease in sales from the 1,091 units sold in May 2017. This total remains above the 15-year historical sales total for condos sold in May of 1,030 units. The median sales price ofcondos also reached a new record high for the month of May at $550,000, which is a 4.8 percent increase from May 2017’s median sales price of $525,000
To get the full report on Boston today – Click here
What’s The Median Home Value In Your State?
If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located.
In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates at the same rate. The map below demonstrates that point on a state-by-state basis using data from the National Association of Realtors. If you want to know the value of your home, you can get the value now
The 5 Most Expensive Homes in Greater Boston Right Now
I love to look at expensive homes on the market. I love to see the rich architectural details and amenities luxury
homes offer. Here are the 5 Most Expensive Homes in Greater Boston
The home above is an amazing estate located at 50 Winsor Way, Weston, MA 02493. The price of this home is 18.5mm
This listing is being marketed by Landvest.
You have to see the virtual tour provided by the brokerage on this property
The Most Expensive Home Sold in Norfolk or Suffolk County Last Week
The most expensive home sold last week was in Norfolk County. It was in Westwood at 16 Pettees Pond Lane. The property was comprised of 18 rooms, 6 bedrooms, 8 full baths and 1 half baths. It was sited on 5.59 acres. It listed for $4,280,000 and sold for $3,925,000.
Here is how the broker described the property:
Rare offering – Complete Turn key home can come fully furnished – Design and build unlike other new homes in this area – Sophisticated Contemporary elegance – Gated entrance circular drive – 10 ft ceilings, Select Walnut and Marble floors, Rich detail, Floor to ceiling windows, Amazing privacy yet great location close to all – State of the art technology, Complete gym, Wine cellar, Office with mahogany builtins, Cooks dream kitchen with island and separate eating area, Formal dining room, butlers pantry, Fireplaced family room, Guest suite on first floor, Second floor offers All bedrooms ensuite, Luxurious Master suite with sitting room, dressing closets, Marble and Onyx bath, Inlaw/Nanny apartment on second floor, Gentlemens style pub room, Indoor heated salt water pool, Jacuzzi steam shower, Pool deck has desert air dehumidifier, Patio offers built in kitchen, Grill, Pizza oven, Fire pit, Finished lower level with Theatre setup, Play room, 4 car heated attached garage. See details here