In Middlesex County, Massachusetts, at the end of the third quarter of 2016 the inventory of high-end listings contracted slightly to 235 compared to the record 245 at the same time last year.
On Middlesex, the high-end market is predominately in the $2-$3 million range.
Sales in the first three quarters of 2016 were strong with 182 sales vs. 162 in 2015 and 113 in 2014.
Property: 383 River Road Town: Carlisle Selling price: $6,700,000 The 1992 Georgian mansion has 10,680 sq ft, an attached apartment above a 3 car garage, a separate 2 car carriage house, and pool. The house is sited on 8.3 acres with an additional 18.5 acres.
Source: MLS
Days on market for high-end sales decreased to 140 in the first three quarters of 2016 from 143 last year and are lower than the average from 2007-2016 of 168. Improving demand is resulting in quicker sales.
Fourteen of the 54 cities and towns in Middlesex County, Massachusetts, had high-end sales in the first three quarters of 2016: Belmont, Cambridge, Carlisle, Concord, Framingham, Hopkinton, Lexington, Lincoln, Natick, Newton, Sherborn, Wayland, Weston, and Winchester.
Over the period 2007-2016, Newton is the leader with 313 sales followed by Weston (218), Cambridge (157), and Concord (99).
[gallery link="file" size="medium" ids="44453,44463,44493"]
For additional information about LandVests brokerage, real estate consulting, and appraisal services, please contact:
To landvest.com .jpg)
Follow Us on Social Media