2017 Market Highlights
- Reduced inventory of listings (261 vs. a record 277 last year).
- 96 High-End $2,000,000+sales (vs. 100 last year).
- Top sale: $5,500,000 – 50 Nobscot Road, Weston.
- LandVest’s markets continue to improve in volume and turnover, with significant record sales.
- Special properties, expertly presented, reaching out to a broad market with a strong value proposition, are well received by the market.
In Middlesex County, Massachusetts, in the first half of 2017, the inventory of high-end listings contracted to 261 listings from a record level of 277 last year. On average since 2008 there have been 212 listings at this point in the year.
In Middlesex County, the high-end market is predominately in the $2-$3 million range.
Sales in the first half of 2017 were reduced with 96 sales vs. 100 in 2016 and the record 102 in 2015.
First Half 2017 Top Sale
Property: 50 Nobscot Road • Town: Weston • Selling price: $5,500,000
New construction stone-and-shingle home, with 5 bedrooms and 8,500 sq ft on 1.4 acres. Amenities include a custom kitchen, a vault-and-beam ceilinged family room, and a custom wood library. The lower level features a wine cellar, home theater, exercise room and spa bath.
Highest & Median Sale
Days on Market
Days on market for high-end sales increased to 148 from 137 last year and are slightly below the average from 2008-2017 of 166.
Sales by Town
Nine of the 54 cities and towns in Middlesex County, Massachusetts, had high-end sales in the first half of 2017: Belmont, Cambridge, Carlisle, Concord, Lexington, Lincoln, Newton, Weston, and Winchester.
In the first half of 2017, Newton is the leader with 35 sales followed by Weston (15), Lexington (14), and Cambridge (11).
For additional information about LandVest’s brokerage, real estate consulting, and appraisal services, please contact:
Stewart Young | (email@example.com) | 617-359-8930
or click here to view Stewart’s current Real Estate listings.