Middlesex County | Massachusetts
High-End Market Watch
First Half 2019

Market Highlights

HIGH-END $2,000,000+ MARKETS HIGHLIGHTS

• Inventory up 18% (Record 334 vs record 284 last year).
• Sales up 8% (Record 146 vs record 135 last year).
• Top Sale: $7,200,000, 5 Fayerweather Street near Brattle, Cambridge, 1894 Victorian with 5 bedrooms on a quarter-acre lot.
• LandVests markets continue to perform strongly with significant record sales.
• For the first half of 2019, growing inventory and demand suggest a balanced market, but buyers at the high end continue to be value conscious and have little tolerance for compromise. As usual special properties, expertly presented, reaching out to a broad market with a strong value proposition, will be well received by the market.

 

---

Active Listings

In Middlesex County, Massachusetts, at the end of the first half of 2019, the inventory of high-end listings increased 18% to a record 334 listings compared to the record 284 last year.

Since 2010, there have been on average 240 listings at the end of the first half.

 

---

High-End Sales

Sales in the first half of 2019 increased by 8% to a record 146 compared to a record 135 last year. Since 2010 there have been on average 84 sales at the end of the first half. The vast majority (69%) of these sales were in the $2-$3 million range. Seven sales were above $5,000,000, only one above $7,000,000.

 

---

First Half 2019 Top Sale

Property: 5 Fayerweather Street, near Brattle Town: Cambridge Selling price: $7,200,000.

1894 Victorian with 5 bedrooms on a quarter-acre lot, on market 69 days - Source: MLS

 

---

Highest & Average Sale

 

---

Days on Market

Days on market for high-end sales at the end of the first half 2019 decreased by 24% to 113 compared to 148 last year, the record high of 258 in 2009, record low of 66 in 2001, and the 10-year average of 148.  

---

Sales by Town

Eleven of the 54 cities and towns in Middlesex County, Massachusetts, had high-end sales in the first half of 2019. Most of these markets grew compared to last year and their 10-year averages. Weston fell back to 21 sales after having a remarkable 27 sales in the first half last year and a 10-year average of 15 sales.

 

[gallery size="medium" link="file" ids="151132,151182,151112"]

 

For additional information about LandVests 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.