October 2016 Greater Boston Real Estate Market Trends

Here’s October 2016’s Monthly Indicators report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


October 2016 Greater Boston Real Estate Market Trends

As we enter the final quarter of 2016, not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory decline. There is little to indicate that the low inventory situation will resolve anytime soon.

Condominium
  • October condo sales DOWN -1.3%
  • Median prices UP +5.3% ($479,238)
  • Condo inventory DOWN -21.2% to 1,616
  • Listings added to the market DOWN -7.8% over last year (1,063 from 1,153 in 2015)
Single-Family
  • October single-family home sales DOWN -15.0%
  • Median prices UP +10.8% ($526,300)
  • Single-family inventory DOWN -26.4% to 2,769
  • Listings added to the market DOWN -16.4% over last year (1,274 from 1,524 in 2015)
Multi-Family
  • October multi-family home sales DOWN -9.0%
  • Median prices UP +8.1% ($616,000)
  • Multi-family inventory DOWN -51.6% over last year (297 from 614 in 2015)
  • Listings added to market DOWN -24.4% over last year (232 from 307 in 2015)

Interested In Specific Neighborhood / Area Real Estate Market Trend Data?

 

October 2016 Boston Real Estate Monthly Indicators Report

Joe Schutt

Committed to representing your interests with the highest level of integrity, I am dedicated to service excellence focused on personal attention and building a solid trust relationship. I listen carefully and make my clients feel comfortable in exploring their full range of real estate options and then encourage them to relax and rely on my expertise to insure that the details run smoothly and efficiently. Google+

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September 2016 Greater Boston Real Estate Market Trends

Here’s September 2016’s Monthly Indicators report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


September 2016 Greater Boston Real Estate Market Trends

As anticipated at the outset of the year, demand has remained high through the first three quarters of 2016, propping up sales and prices despite heavy reductions in inventory and months of supply across the country. With rental prices and employment opportunities in a consistent climb, year-over-year increases in home buying are probable for the rest of the year but not guaranteed.

Condominium
  • September condo sales UP +4.4%
  • Median prices UP +19.2% ($507,000)
  • Condo inventory DOWN -18.6% to 1,716
  • Listings added to the market UP +2.3% over last year (1,473 from 1,440 in 2015)
Single-Family
  • September single-family home sales DOWN -6.0%
  • Median prices UP +3.3% ($508,000)
  • Single-family inventory DOWN -22.7% to 3,021
  • Listings added to the market DOWN -3.2% over last year (1,890 from 1,953 in 2015)
Multi-Family
  • September multi-family home sales DOWN -15.8%
  • Median prices DOWN -2.5% ($577,250)
  • Multi-family inventory DOWN -49.5% over last year (333 from 659 in 2015)
  • Listings added to market DOWN -12.7% over last year (302 from 346 in 2015)

Interested In Specific Neighborhood / Area Real Estate Market Trend Data?

 

September 2016 Greater Boston Real Estate Market Trends

Joe Schutt

Committed to representing your interests with the highest level of integrity, I am dedicated to service excellence focused on personal attention and building a solid trust relationship. I listen carefully and make my clients feel comfortable in exploring their full range of real estate options and then encourage them to relax and rely on my expertise to insure that the details run smoothly and efficiently. Google+

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Hooper Mansion: Condos In Renovated Historic Home Redefine Luxury

Hooper Mansion

Photo: Pioneer Realty

I had the pleasure of previewing the recently gut renovated, historic Hooper Mansion … and WOW! This three exposure building located on Beacon Street accommodates three parlor and garden level duplexes, two floor through condominiums, and a penthouse duplex that is sure to impress even the most modern critic. Residence will truly get to live the life of luxury in this Chateauesque style, concierge building.

Everything from the construction, floor plan, interior finishings, top of the line appliances and of course the incredible views of both the Charles River and Boston skyline are unbeatable. Each unit has an open feel. The tall ceilings and spacious rooms provide grand living spaces that let in gorgeous sunlight. (Let me not forget to mention there are 70 windows throughout the building!) Direct elevator access, outdoor terrace space, and ample parking make city living in this Back Bay mansion that much more desirable.

Of the six units, three are under agreement, meaning three are available for the taking! I would be happy to assist as your buyer agent and set up a viewing appointment with listing broker and good friend Chris Tuite of Pioneer Realty. Schedule viewing or feel free to call 617-833-3376

Hooper Mansion Available Units For Sale:

  • Unit 2 – 2 bed 2 full and Half Bath total area 2,685
  • Unit 3 – 2 bed 2 full and half bath total 2,351 + 450 SF Private Patio
  • Unit 4 – 4 bed 4 full and half bath total area 4,069

Joe Schutt

Committed to representing your interests with the highest level of integrity, I am dedicated to service excellence focused on personal attention and building a solid trust relationship. I listen carefully and make my clients feel comfortable in exploring their full range of real estate options and then encourage them to relax and rely on my expertise to insure that the details run smoothly and efficiently. Google+

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