Brookline MA Condominium Market Update, June 2014

By
Real Estate Agent with William Raveis Real Estate

Brookline MA Condominium Market Update, June 2014

June is an important month for real estate in Brookline MA and in the Boston area in general.  It is a heavy month for closings, and closings show us where the market has been in previous months.  

Between the time of the offer and the time of the closing, there are typically 3-9 weeks, June closings are typically the result of offers made during March, April and May.  The statistics we gather at the end of this month are the definive reflection of the past Spring market in local real estate.

Brookline Condo Market Tight, Prices Up

The number of sales have gone down from the June the previous year, but prices increased.  Sales closing in June 2014 sold on average for 15% more than in Jun 2013, and 25% more than in June 2012.  Below you will find the table with the basic statistics of condo sales in Brookline MA the three last Junes.

Brookline Condo Sales

On average, a condo sells for 4% over the asking price, in an average of about one month. 

The largest segment of the Brookline condo market are the condos priced $500,00-$600,000.  

Coolidge Corner's Condo Sales

Looking at Coolidge Corner condos specifically, zip code 02446, the average sale price in June 2014 was $803,000.  This was probably skewed by the $2,150,000 condo sale at 20 Chapel Street, a price historically reserved for Single Family and Multi-Family houses.

In Coolidge Corner there were 35 condo sales, down from 40 in June 2013, and 57 from June 2012.

How much has the value of your condo increased?  Click on the link to find out:

http://www.ruthmalkinlerner.com/real-estate-market-snapshot-report/

 

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