Middlesex County | Massachusetts High-End Market Watch, First Quarter 2008-2017

Market Highlights

  • Reduced inventory of listings (233 vs a record 267 last year)
  • 31 high-end $2,000,000+ sales (vs 34 last year).
  • Top sale: $4,800,000, 250 Country Drive, 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.

Middlesex County: 136 Weston Rd | Lincoln, MA
 


Active Listings

In Middlesex County, Massachusetts, in the first quarter of 2017, the inventory of high-end listings contracted to 233 listings from a record level of 267 last year.

Middlesex County: Active Listings

In Middlesex, the high-end market is predominately in the $2-$3 million range.
 


High-End Sales

Sales in the first quarter of 2017 were reduced with 31 sales vs 34 in 2016 and 40 in 2015.

Middlesex County: High-End Sales
 


First Quarter 2017 Top Sale

Property: 250 Country Drive • Town: Weston • Selling price: $4,800,000
This new construction has 9,500 square feet on 2.3 acres. Amenities include great room with stone fireplace, six bedrooms with designer en-suite bathrooms, and eight-car garage. Location is just 20 minutes to Boston.

Middlesex County: 250 Country Dr., Weston, MA
 


Highest & Median Sale

Middlesex County:  Highest & Median Sale
 


Days on Market

Days on market for high-end sales increased to 189 from 136 last year and are slightly above the average from 2008-2017 of 177.

Middlesex County: Days on Market
 


Sales by Town

Eight of the 54 cities and towns in Middlesex County, Massachusetts, had high-end sales in the first quarter of 2017: Belmont, Cambridge, Carlisle, Concord, Lexington, Lincoln, Newton, and Weston.

Middlesex County: Sales by Town, MapOver the period 2008-2017, Newton is the leader in the first quarter with 62 sales followed by Weston (42), Cambridge (35), and Concord (19).

Middlesex County: Sales by Town, Table


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.


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