Can You Guess Boston’s Priciest Zip Code?

02108 is it!

Covering parts of Back Bay, Downtown Crossing and Boston’s prestigious Beacon Hill neighborhood. 02108 is bursting with historic and upscale homes. Beacon Hill posted a $1,432,500 median sale price in 2017, a slight uptick from 2016 figures. The Suffolk County Zip climbed one position in Massachusetts rankings, while on a national level it rose two positions, becoming the #81 priciest Zip Code in the U.S.

02108 Boston Zip Code
It is no surprise that another Massachusetts Zip Code also ranks among the nation’s most expensive!

The second most expensive Zip in the region was 02481, which covers Wellesley Hills. The median there in 2017 was $1.4 million. Wellesley Hills is also the #97 most expensive Zip Code in the nation. 02481’s rise is thanks to a 9.6% increase in median sale price. Such prices placed both 02481 and 02108 among the 100 most expensive in the U.S. according to Property Shark research.

As the Massachusetts Association of Realtors® reports, price growth has been pushed to its highest levels in eight years due to demand and shortage of homes for sale. Prices rose over 5%, while inventory, days on the market, months of supply and new listings all fell.

Are you curious to see what homes are for sale in these Zip Codes? Visit 02108 and 02481.

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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January 2018 Greater Boston Real Estate Market Trends

Here’s January 2018’s Monthly Indicators Report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


January 2018 Greater Boston Real Estate Market Trends

Despite plummeting temperatures and seasonal interruptions, the Greater Boston housing market showed few signs of cooling down in January, as home and condo sales remained near record levels and home prices continued to rise amidst a continued shortage of homes for sale, according to data issued from the Greater Boston Association of REALTORS® (GBAR).
The detached single-family home market saw a slight decline in sales in January as 787 homes were sold compared to the 836 homes sold in January 2017. This is a 5.9 percent drop; however, it is the fifth highest sales total on record, and remains above the 15-year historical sales average for January of 699 homes sold. In the condo market, sales experienced a more modest decrease in sales volume of 2.2 percent from 624 condos sold in January 2017 to 610 sold January 2018. This was also comfortably above the monthly average of 537 sold condos and is the fourth highest sales total on record for the month.

Condominium
  • January condo sales DOWN -2.2%
  • Median prices UP +3.0% ($520,000)
  • Active Listings DOWN -19.9% to 1,173
  • Listings added to the market DOWN -11.1% over last year (736 in 2018 from 828 in 2017)
Single-Family
  • January single-family home sales DOWN -5.9%
  • Median prices UP 6.0% ($551,000)
  • Active Listings DOWN -24.3% to 1,525
  • Listings added to the market DOWN -12.9% over last year (776 in 2018 from 891 in 2017)

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

 

January Boston Real Estate Market 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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June 2017 Greater Boston Market Real Estate Trends

Here’s June 2017’s Monthly Indicators report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


June 2017 Greater Boston Real Estate Market Trends

Amid the continued shortage in the supply of homes for sale in Greater Boston and appreciating home values, sales of single-family homes and condominiums remained steady in June according to data released by the Greater Boston Association of REALTORS® (GBAR).
The single-family detached home market experienced a slight softening in sales in June as 1,907 homes we sold compared to the 1,938 homes sold in June 2016. Despite this 1.6 percent decline, this was the second highest sales volume on record for the month of June in Greater Boston, following last year’s record-high total, and is well above the historical monthly average of 1,663 homes sold. The condo market also experienced a modest decline in sales of 5.0 percent, as the 1,342 condos sold last month fell short of the June 2016 total of 1,413 units sold. This is the sixth highest sales total on record for the month of June and remains above the historical monthly average of 1,284 units sold.

Condominium
  • June condo sales DOWN -5.0%
  • Median prices UP 4.0% ($525,000)
  • Active Listings DOWN -19.5% to 1,864
  • Listings added to the market UP 3.9% over last year (1,506 from 1,449 in 2016)
Single-Family
  • June single-family home sales DOWN -1.6%
  • Median prices UP 5.1% ($615,000)
  • Active Listings DOWN -29.7% to 3,090
  • Listings added to the market DOWN -14.3% over last year (1,845 from 2,152 in 2016)

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

 


June 2017 Real Estate 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+

More Posts - Website

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