Boston Area Luxury Home Market Report Jan 5 2016. The Luxury market in the Boston area is still very strong. The movements in the market this winter mirror the slowdown of other years but still remains strong overall. While overall prices have dropped here in the late fall early winter they are still robust.
The overall inventory is down as it always is at this time of year but it is on it's way back up. The Spring Market is not too far away right now. The 7 day inventory always drops off the charts right around the holidays. Towns like Newton MA have 66 Active listings in the luxury category. 47 Dudley Road, Newton MA 02459 is one such home. It has a great yard which is unusual for Newton and being in Newton Center and close to the schools and downtown its location is so convenient. Dudley Road is this wonderful winding road that does not feel like it is stuck in an area 9 minutes from downtown. It is the home of many well known, well respected titans of industries and medicine. It is still a place where your children can walk to school. The Newton Schools are ranked among the top in the state and in the country on a consistent basis.
Boston Area Luxury Marketing Report
As usual in this time of the year the Days on Market (DOM) goes up. We are average a bit longer now with the holidays taking a good portion of time out of our lives for family and fun. Always with luxury property it takes longer to market and sell the property than it does with an average priced home. There are just fewer people who can purchase at this level and with so much choice they can pick and choose what is best for the family. This has been this week's Boston Area Luxury Home Market Report Jan 5 2016
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