Real Estate Market Trends 2015 vs. 2014
The Greater Boston real estate market was still booming throughout 2015!
Here is a short summery of some of the Greater Boston communities’ real estate market trends in 2015 compared with 2014:
- Newton, Brookline, Cambridge and Lexington median price for single family homes (SF) crossed the $1M mark. In Newton, the median price for a single family went up 15% in 2015, Brookline is up 4%, Cambridge 8% while Lexington’s median price for a single family went down 5%.
- Condos median prices in Newton, Brookline and Cambridge went up as well and were 8%-9% higher than last year.
- Boston neighborhoods saw an increase in condo median prices, Jamaica Plain up 8%, South End up 11%, Brighton up 14% and Back Bay went up over 30% in comparison with 2014!
- Number of homes sold (both single families and condos), was slightly higher than last year in most communities. In Needham there was a 12% increase in single families sold, 336 homes in 2015 compared with 300 in 2014.
If you wish to hear a more detailed analysis of the market in your community, don’t hesitate to email me: firstname.lastname@example.org or call: 617-833-1055.
I am looking forward to help you, your friends and family, with all your real estate needs in 2016.