- Inventory up 6% (250 vs 235 last year).
- Sales down 3% (176 vs 182 last year).
- Top sale: $15,600,000 – 5 Concord 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 three quarters of 2017, the inventory of high-end listings expanded by 6% to a record level of 250 listings compared to 235 last year. On average since 2008 there have been 196 listings at the end of the third quarter.
Sales in the first three quarters of 2017 were reduced by 3% with 176 sales vs the record of 182 in 2016 and the previous record of 162 in 2015.
First Three Quarters 2017 – Top Sale
Property: 5 Concord Road • Town: Weston • Selling price: $15,600,000
Modelled after Westover Plantation in Virginia, this brick Georgian mansion was built in 1929 with 12,589 sq ft on 18.5 acres. Elegantly restored and up to date, it includes a 2,000 sq ft pool house and a 4 bay carriage house.
Highest & Median Sale
Days on Market
Days on market for high-end sales are improving, decreasing to 135 from 140 last year and are below the average from 2008-2017 of 161.
Sales by Town
Eleven of the 54 cities and towns in Middlesex County, Massachusetts, had high-end sales in the first three quarters of 2017: Belmont, Cambridge, Carlisle, Concord, Lexington, Lincoln, Newton, Sudbury, Wayland, Weston, and Winchester. Belmont experienced a record level of 7 sales vs 4 last year at this time. Cambridge was down to 17 sales vs 27 last year. Concord was also down to 11 sales vs. 17 last year.
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