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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December 2016 Greater Boston Real Estate Market Trends

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


December 2016 Greater Boston Real Estate Market Trends

Most of 2016 offered the same monthly housing market highlights. The number of homes for sale was drastically down in year-over-year comparisons, along with days on market and months of supply. Meanwhile, sales and prices were up in most markets. Unemployment rates were low, wages improved and, as the year waned, we completed a contentious presidential election and saw mortgage rates increase, neither of which are expected to have a negative impact on real estate in 2017.

Condominium
  • December condo sales DOWN -1.0%
  • Median prices UP +4.8% ($465,000)
  • Condo inventory DOWN -28.6% to 994
  • Listings added to the market DOWN -6.3% over last year (433 from 462 in 2015)
Single-Family
  • December single-family home sales DOWN -10.2%
  • Median prices UP +9.4% ($547,000)
  • Single-family inventory DOWN -35.0% to 1,557
  • Listings added to the market DOWN -29.5% over last year (390 from 553 in 2015)
Multi-Family
  • December multi-family home sales DOWN -7.5%
  • Median prices UP +12.1% ($616,500)
  • Multi-family inventory DOWN -58.6% over last year (175 from 423 in 2015)
  • Listings added to market DOWN -33.3% over last year (100 from 150 in 2015)

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

 

December 2016 Greater Boston Association of Realtors® 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+

More Posts - Website

Follow Me:
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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+

More Posts - Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube