The Brighton Massachusetts Condo Market
By Michael Mahoney of the NorthCompass Group
http://www.northcompass.com/
It is my goal is to help you undertand the market for condos in Brighton. To help you in this regard, you will find a detailed market analysis attached. It has been prepared to ensure that you feel comfortable and confident as we proceed to reach this important first goal.
There are currently 107 condos on the market in Brighton as of this writing.
It can take in excess of 3 months (99 days) to put the property under agreement.
I also looked @ the sales price to list price ratios on condos in Brighton. They are coming in @ 93% to their original list price. They are coming in @ 96% of their adjusted list price. This means that we should be looking at somewhere around $8,000 to $14,000 off of the list price. Obviously we would like to come in much higher than this, however the data has shown that the properties are coming in at 4% off their list price for the past 3 months.
As far as price reductions, 49 of the 107 have had their prices changed. The prices have been adjusted 82 times. The average price reduction was $14,874.04
TO SEE ALL CONDOS FOR SALE IN BRIGHTON PLEASE CLICK HERE
In 2005, I worked with the #3 residential developers in Boston to market a 126 condo complex from the ground up. I developed the marketing plan, implemented the execution, and performed 42 of the actual sales.
I welcome the opportunity to serve you, and insist that you contact me with any questions you may have about purchasing or selling in the Brighton Market
Sincerely,
Michael C. Mahoney
617-648-3983
The NorthCompass Group | Guiding You Home
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