Boston Area Move In Homes Luxury Housing Report

By
Real Estate Agent with YourStories Realty Group powered by Castles Unlimited® MA# 9517963

ILHM-Feb23-2015Boston Area Move In Homes Luxury Housing Report Feb 27-15  As a Million Dollar Guild member of the Institute for International Luxury Home Marketing (ILHM) I have access to deep insight into the analytics of the Luxury Housing Reports internationally and in our Boston area.  Newton will be different than Dedam will be different than Marblehead, but with any housing report we are looking at the trends and not the specifics. Spring is upon us, the smart buyers are out right now to capture the best deals.  What the risk here is that more houses will come on the market which it true and possible, but with more properties comes more buyers and right now in the luxury market in several price ranges activity through Jan and February of 2015 has been slow.  The time to strike a deal is now.

ILHM-Feb23-2015

ILHM-Feb23-2015Boston Area Move In Homes Luxury Housing Report Feb 27-15Luxury is defined as the top ten percent of your MLS area's average prices.  Using all of the Boston Area using MLSPIN the average price to be a luxury home is around $880,000. That, of course is quite different if you are in a town like Newton, where it takes a home of $2,100,000 to crack the Luxury designation. In both the 7 Day and the 90 Day terms we are seeing an upward trend as we move into the Spring market more deeply. 114 Shornecliffe Road in Newton MLS#71746470 is currently listed below assessed value at a very advantageous price per square foot.  Knowing the market allows the Buyers to pick the very best deals in the Luxury Housing Market. (For information about your town please subscribe to our site and we will answer all your questions.)

ILHM Housing Report Feb 2015

ILHM Housing Report Feb 2015Boston Area Move In Homes Luxury Housing Report Feb 27-15.
Shows a bit of a drop over the last 7-90 days.  The fluxuations in the luxury category can be swung by the sale of a very large property. Because it is only the top 10 percent of the market it stands to reason that with a smaller pool of properties an individual property will represent a larger share of the market. This has been the Boston Area Move In Homes Luxury Housing Report Feb 27-15

Posted by

Larry Lawfer, Realtor®YourStories Realty, It's all about you,

Larry Lawfer

Partner

Realtor®, Director of Marketing

YourStories Realty Group powered by Castles Unlimited®

837 Beacon St

Newton, MA 02459

larry@yourstoriesrealty.com, 617-774-8292

Comments (2)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

 

Hi,    What an opportuity for buyers in your area.  Thanks for sharing with us in AR Land.

 

Mar 01, 2015 03:14 AM
Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
"I listen for a living." It's all about you.

Ronald DiLalla Thanks for your comment.  I like sharing

Mar 02, 2015 10:37 PM