Market Highlights
HIGH-END $2,000,000+ MARKETS HIGHLIGHTS
- Inventory down 4% (240 vs 250 last year).
- Sales up 24% (219 vs 176 last year).
- Top sale: $22,000,000 – Balls Hill Road, Concord *LandVest Private Sale.
- LandVest’s markets continue to perform strongly 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.
Active Listings
In Middlesex County, Massachusetts, in the first three quarters of 2018, the inventory of high-end listings decreased 4% to 240 listings, compared to a record 250 last year.
On average since 2009, there have been 205 listings at the end of the third quarter
High-End Sales
Sales in the first three quarters of 2018 increased significantly to a record 219 sales compared to 176 last year. The previous record was 182 sales in 2016. On average since 2009 there have been 122 sales at the end of the third quarter.
Q1-Q3 2018 Top Sale
Property: Balls Hill Road • Town: Concord • Selling price: $22,000,000
131± acre estate on the Concord River. Three residences, barn and pool (LandVest Private Sale).
Highest & Average Sale
Days on Market
Days on market for high-end sales in the first three quarters increased to 145 from 135 last year and are 9% above the 2009-2018 average of 158.
Sales by Town
Thirteen of the 54 cities and towns in Middlesex County, Massachusetts, had high-end sales in the first three quarters of 2018. Arlington recorded its first sale above $2,000,000 (per MLS). Listed at $1,898,000, the property was new construction with views of Spy Pond and the Boston skyline. It sold for $2,260,000 with 6 days on market. Towns with strong performance were Newton with a record 76 sales vs a 10 year average of 40 sales, Weston with a record 36 sales compared to a 10 year average of 24 sales, Winchester with a notable record of 23 sales compared to a 10 year average of 7 sales, Lexington with 21 sales down from its record last year of 25 sales, and Concord with a record 20 sales compared to a 10 year average of 11 sales.
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- 17 MUSTERFIELD RD Concord | $1,987,000
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- 7 PINE SUMMIT CIRCLE Weston | $3,350,000
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- OLD PICKARD FARM Littleton | $845,000
For additional information about LandVest’s brokerage, real estate consulting, and appraisal services, please contact:
Stewart Young | (syoung@landvest.com) | 617-359-8930
or click here to view Stewart’s current Real Estate listings.
