Middlesex County | Massachusetts
High-End Market Watch,
Year End 2017

Market Highlights

  • Inventory up 20% (177 vs 147 last year).
  • Sales up 1% (230 vs 227 last year).
  • Top sale: $15,600,000 – 5 Concord Road, Weston.
  • 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, the 2017 year-end inventory of high-end listings grew by 20% to a record level of 177 listings compared to 147 last year. On average, since 2008, there have been 125 listings at year-end.


 


High-End Sales

For the third year in a row – there were a record number of sales at year-end: 230 in 2017, 227 in 2016, and 215 in 2015. On average since 2008, there have been 142 sales at year-end.


 


Year End 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.

Middlesex County, first half-year 2017 market report, top sale

Source: MLS

 


Highest & Average Sale


 


Days on Market

Days on market for high-end sales are improving, decreasing to 143 from 145 last year and are substantially below the average from 2008-2017 of 166. The range is remarkably wide with sales occurring from 1 day to more than 48 months.


 


Sales by Town

Eleven of the 54 cities and towns in Middlesex County, Massachusetts, had high-end sales in 2017: Belmont, Cambridge, Carlisle, Concord, Lexington, Lincoln, Newton, Sudbury, Wayland, Weston, and Winchester. Concord was down with 12 sales compared to a record 23 sales last year and a 10-year annual average of 12 sales. Lexington had a record year with 32 sales compared to its 10-year annual average of 15 sales. Newton set a record with 84 sales compared to 64 last year and a 10-year annual average of 44 sales. Winchester has been remarkably hot over the past three years with a record 17 sales in 2017 compared to a 10-year annual average of 7 sales.


 


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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