The first attached graph displays the geographic distribution of single-families that have sold over $3 million during the 12 months ending September 30, 2023. In that time period, 376 single-family properties were conveyed over $3 million (excluding houses on Cape Cod and Islands and in the Berkshires) in Massachusetts.
Forty cities and towns are represented on the graph. (The data for Boston are only for single-family townhouses.)
Combined, Brookline and Newton account for 27.1% of the Massachusetts single-family home sales over $3 million.
What is NOT reflected in this graph are the condos sold over $3 million. In this same time period – the last 12 months – 171 condos in this price range were conveyed in these communities. Of these, 149 were in Boston, 9 were in Cambridge, 7 were in Brookline, 3 were in Hingham, 2 were in Weston and 1 was in Gloucester.
Also attached is a graph showing the same time period, but for sales over $4 million. Interesting to note how quickly the number of sales drops off: 376 from $3 million to the top price in Massachusetts vs. just 163 from $4 million to the top price. It’s remarkable that 71% of all sales over $4 million occurred in the top 6 towns – Boston, Brookline, Cambridge, Newton, Wellesley, and Weston. All in close proximity to the jobs and amenities of downtown Boston.
Please reach out to your Hammond Residential Real Estate agent for additional information about the Greater Boston residential real estate market.