The Boston2.com Real Estate Blog

Vacant House Threats: The Squatter Risk

Vacant House Threats: The Squatter Risk

Vacant houses happen for a host of reasons. People relocate. Someone passes away. An investment property that isn’t rented out immediately. 

The point is, vacancy happens. And an issue that is becoming worse and worse and about to be exasperated is people squatting in these properties leaving property owners nearly powerless. 

I know what you are thinking. Dad passed away last month and I finally came to the point where I have it in me to go over to their house and start cleaning it out and preparing it for sale… I go to open the door and find a family has moved in. 

I’ll just call the cops and they will get these criminals out of this house right away. 

Ha. Ya. No. 

The majority of states have laws that have made it exceedingly difficult to get squatters out once they have settled in. Someone who breaks into mom and dads house and establishes themselves there are granted tenant rights. Especially when they whip out that fake lease.

You heard that right. You need to evict them. This means that squatters could live in your parents property for months, maybe even years… All while not paying a dime and possibly ruining the property. 

This may make you sick. Well, if you are a good and honest person, then actually a lot of what I am about to show you and say to you will make you sick. 

Check out this post in a Facebook Group. This is a person who is squatting in a 3 bed house and has water and electric in their names and needs some tips. 

And sure enough. Another criminal is quick to jump in with tips of never leaving it empty. Putting a for sale sign in front of it and acting like it’s theirs. Hang real curtains. Paint the shutters. Meet the neighbors and act like you own...

Cape Cod Real Estate

The Cape had an interesting year. There was a lot of talk about how the Cape was struggling with the rental market. And that people who bought during Covid were losing some interest with their Covid purchases. 

So what did the data say for 2023? Which Cape Cod towns appreciated and yes… What Cape Cod downs DEPRECIATED. Yup. As a matter of fact, 4 Cape Cod downs depreciated in both Average Sale Price and Median sales price. Seven saw the average home price appreciate while five saw Median home prices decrease. 

So let’s get into it, but real quick… My name is Jeff Chubb and I am a retired investment banker turned real estate agent that has sold more than a 1,000 homes. If you have real estate questions, then I am here to help. 

Let’s start by working our way down. Starting with the top appreciating towns. 

Provincetown, or P Town leads the way seeing the average home price appreciated by 38.2% to $2.429 million while median prices increased by 22% to $2.050m. It’s important to note that Ptown saw a 42% decrease in the amount of Single Family homes sold. It’s kind of crazy. There were only 18 homes sold in 2023 which is compared to the 31 in 2022. Interested in checking out all Provincetown Homes For Sale

The second highest appreciating Cape Cod town is Bourne, Massachusetts. Bourne Homes For Sale saw 223 homes sell in 2023 which is compared to the 290 sold in 2022. This represents a 23.1% decrease in sales activity. Meanwhile the average home price was up 13.8% to $687,000 and the median price was up by 14.3% to $600,000. 

I am going to give Eastham the win for the...

Worst Depreciating Markets in Massachusetts for 2023

Top 10 MA Depreciation

Worst Market Crash… Predictions in history. Okay, I don’t know about history. But they were pretty bad predictions for the 2023 housing market. But not all markets saw home prices rise in Massachusetts. 

As a matter of fact, 50 out of the 252 housing markets saw home prices going down. And some of the names on the list may just surprise you! 

In this video we are going to go over the top 10 markets for SIngle Family homes in Massachusetts that saw home prices GO DOWN in 2023. So how did we come about this data? We used the primary MLS in the state which is MLSPIN. We excluded any towns that had less than 30 sales in either 2022 or 2023 as that is not enough data for a complete analysis. And that is it. Now let’s get into the data!

Real quick. My name is Jeff Chubb and I am a retired investment banker turned real estate agent that has sold more than a 1,000 homes. If you have real estate questions, then I am here to help. 

The 10th worst Single Family market in Massachusetts for 2023 was Merrimac, MA. Merrimac saw sales decline 30.8% to 36 units sold with an average sales price of $642,292. These are the Merrimac Homes For Sale. This sales price represented a 5.8% decrease in pricing from 2022’s average sale price of $681,874. 

The 9th worst market in Massachusetts for 2023 was Southampton, Mass. Southampton saw the amount of home sales down a whopping 50.7% in 2023 as there were 34 homes sold compared to the 69 in 2022. The average sales price fell 5.9% to $466,918 which is compared to the $496,028 sales price in 2022. 

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Massachusetts Real Estate Market Update for February 12 2024

YOUR Massachusetts Real Estate Market Update for the week of February 12th

The irresponsibility of our elected officials is uncanny. It’s basic economics that are making us all poorer each and every day. We are going to talk about that, plus what’s going on in the condo market? Inventory levels broke out of their winter range a little early… Could this be the answer to spring buyers' dreams? 

In this video we will go over the Single-Family and condo markets in the state of Massachusetts. And we will also do a quick interest rate update… And we will also talk about some relevant current events. 

There are some interesting developments in the data for both the condo and single family market. The question becomes… Will the trends continue? If so, then it may just be a better spring market then most had expected from an inventory standpoint… Interest rates are going to suck… A lot more than expected tho. So I guess that will make up for it.  

And maybe high interest rates aren’t necessarily a bad thing going into the Spring market. Maybe they will help tame some of this demand because the demand is making for some crazy scenarios. This weekend open houses were like college parties… People fighting to get through the door only to be shoulder to shoulder once you got inside. One offer situation was 11 offers and the house went for $130,000 over asking price. Another situation had 6 offers… And that was on an already $1.1 million dollar house. 

Hi I am Jeff Chubb – A recovering Investment Banker turned Real Estate Agent that sold more than a 1,000 homes. If you have any questions about the real estate market, then know I am here to help.

Also, I am looking to buy houses. Let me know if there are any houses that you are aware of that need a lot of Tender Love and Care. Friend. Family members. A random house that you drive by everyday...

Massachusetts Real Estate Market Update for February 5 2024

YOUR Massachusetts Real Estate Market Update for the week of February 5th

I know we are only a month into the year… But it’s a lot of what I am going to be talking about in the monthly recap that I post this weekend. If you are wanting to know what the market is going to be like this year… Then just look at last year. Because we are really going tit for tat. 

In this video we will go over the Single-Family and condo markets in the state of Massachusetts. And we will also do a quick interest rate update… And we will also talk about some relevant current events. 

Demand wasn’t as strong as last week, but it was right in line with this week last year in both the condo and Single Family markets. It’s a strong market and it’s going to stay that way and most likely get stronger. 

I know I have been a broken record on this one… But if you are a buyer looking to buy this spring, then save yourself possibly tens of thousands of dollars and start your search a little earlier. 

Hi I am Jeff Chubb – A recovering Investment Banker turned Real Estate Agent that has sold more than a 1,000 homes. If you have any questions about the real estate market, then know I am here to help.

Also, I am looking to buy houses. Let me know if there are any houses that you are aware of that need a lot of Tender Love and Care. Friend. Family members. A random house that you drive by everyday and is in shambles… The uglier, then the better! If you know of one, then please shoot me an email or visit CashOfferMA.com. 

Let’s get into it all and jump into the Single-Family market stats.

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Massachusetts Real Estate Market Update for February 2024

YOUR Massachusetts Real Estate Market Update for February 2024

It’s a new year which means it’s time to write a new book. And there were some pretty incredible stats in the first chapter of that new book. But then there were some cautionary figures as well. It’s all here in the January 2024 Massachusetts Real Estate Market Update. 

If you are looking to hear about the Massachusetts Real Estate Market data for Single Family Homes, Condos and Multi-Family properties… Then you are in the right place.

January and February are all so important because this is the setup to the Spring market which is when we see the peak of our sales levels… As well as pricing. Not sure which analogy to go on… Tennis or Football… Eh, let’s go football. It’s like a game of field position. Sellers want that ball as close to the 50 yard line as possible. Buyers want that ball pinned by the goal line. So where are we on the field??? Well, let’s find out. 

Real quick, my name is Jeff Chubb and I am a recovering Investment banker, turned real estate agent that has sold more than a 1,000 homes. If you are planning on buying or selling a home now or in the future, then it would be a pleasure to speak with you. 

Let’s start with Single Families

In January of 2024, we saw 2,088 Single Family homes sell for an average sales price of $739 thousand dollars. 

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Massachusetts Real Estate Market Update for January 29 2024

YOUR Massachusetts Real Estate Market Update for the week of January 29th

Well that sucks… If you are a buyer that is. Single Family inventory just took a nosedive this week with a SURGE of properties going under agreements. And then there is the condo market which just feels like it is chugging along at last year's pace. 

In this video we will go over the Single-Family and condo markets in the state of Massachusetts. And we will also do a quick interest rate update… And we will also talk about some relevant current events. 

Last week I was talking about how the market felt like stronger demand was here, but it just had not played out through the stats… Yet… Well it looked like the market got the message. 

At this point I feel like I am begging… But if you are a potential buyer this Spring, PLEASE start your search a little earlier. It could save you tens of thousands of dollars as this market begins to heat up and kicks into crazy town gear. 

Hi I am Jeff Chubb – A recovering Investment Banker turned Real Estate Agent that has sold more than a 1,000 homes. If you have any questions about the real estate market, then know I am here to help.

Also, as a quick heads up, I am looking to buy houses. Let me know if there are any houses that you are aware of that need a lot of Tender Love and Care. Friend. Family member. A random house that you drove by that was in shambles… The uglier, then the better! If you know of one, then reach out or visit CashOfferMA.com. 

Let’s get into it all and jump into the Single-Family market stats.

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Massachusetts Real Estate Market Update for 1.22.2024

YOUR Massachusetts Real Estate Market Update for the week of January 22nd

Well that’s interesting… Inventory isn’t decreasing like it traditionally does… It’s not really increasing either, but it might be enough to eclipse the 2023 inventory levels.. Meanwhile the condo market is playing it pretty much even. 

In this video we will go over the Single-Family and condo markets in the state of Massachusetts. And we will also do a quick interest rate update… And we will also talk about some relevant current events. 

There is definitely some stronger buyer demand out there than normal, but it hasn’t exactly popped off yet. Buyer activity on the website is up, inquiries are up, buyer Home Buying Preparation meetings are up… But it’s not yet equating to a boost in sales… Yet. But I think that is coming… Weather dependent of course. 

Hi I am Jeff Chubb – A recovering Investment Banker turned Real Estate Agent that has sold more than a 1,000 homes. If you have any questions about the real estate market, then know I am here to help.

Also, as a quick heads up, I am looking to buy houses. Let me know if there are any houses that you are aware of that need a lot of Tender Love and Care. The uglier, then the better! If you got one, then reach out or visit CashOfferMA.com

Let’s get into it all and jump into the Single-Family market stats.

Massachusetts Single Family Inventory...

Massachusetts Real Estate Market Update 1/16/2024

YOUR Massachusetts Real Estate Market Update for the week of January 16th

The long holiday came a little early this year… Which means there was a little slowdown in activity. It’s going to look worse, then it really was… So be ready! 

In this video we will go over the Single-Family and condo markets in the state of Massachusetts. And we will also do a quick interest rate update… And we will also talk about some relevant current events. 

You know how I was talking about it being a slower weekend and all… It might have been slow, but one of my buyers won out in a 5 multiple offer situation while one of my listings which has spent 105 days on the market just got an offer… 

It’s slower because of the holiday. But it isn’t slow for this time of the year. 

I said it last week that there is a huge opportunity for would be Spring buyers to get out in front of the Spring market. I am looking forward to sharing a Yahoo Finance article with you in a couple moments…

Hi I am Jeff Chubb – A recovering Investment Banker turned Real Estate Agent that has sold more than a 1,000 homes. If you have any questions about the real estate market, then know I am here to help.

Also, as a quick heads up, I am looking to buy houses. Let me know if there are any houses that you are aware of that need a lot of Tender Love and Care. The uglier, then the better! 

Let’s get into it all and jump into the Single-Family market stats.

There are now 2,940 single family homes on the market in the state of Massachusetts. That is down a whopping 29 units from last week and is a 15% decrease in the amount of homes for buyers to look at in just a matter of 28 days. 

Continue to be used to these inventory levels until towards the end of February. 

Halfway through January and we are 399 units less than the inventory levels in 2023...

Hyde Park 2023 Real Estate Recap

Hyde Park 2023 Real Estate Recap

The Hyde Park Real Estate Market could have been worse in 2023… But it wasn’t a great showing for Hyde Park Real estate.

The number of sales in Hyde Park were down by 21.7% as they sold 137 units in 2023 compared to the 175 Hyde Park homes sold in 2022. 

The median price for condos and Single Family homes decreased .8% to $620,000 from the 2022 median price of $625,000. 

There were no new construction builds that played with the numbers for the neighborhood in 2022 compared to 2023. This was an organic price decrease for Hyde Park MA Houses For Sale. The lowest priced Single Family home that was on the market in Hyde Park was $315,000 and this is compared to the highest price of $945,000.

 

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West Roxbury 2023 Real Estate Recap

West Roxbury 2023 Real Estate Recap

West Roxbury has had better! It wasn’t a bad year for West Roxbury Real Estate, but it wasn’t a great year either. 

West Roxbury Home Sales decreased 18.2% from the 363 Single Family and Condos sold in 2022 to 297 in 2023. 

The median sales price moved up 2.6% in 2023 with a median price of $749,000. This is compared to the median price in 2022 that was $730,000. 

There were 13 properties that sold for more than $1.5 million in 2023. This is compared to the 16 homes that were sold in 2022. 

When it comes to Single Family homes, the least expensive West Roxbury houses for sale was $390,000. The highest priced West Roxbury Home was $1,995,000.

 

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Scituate 2023 Real Estate Recap

Scituate 2023 Real Estate Recap

2023 wasn’t Scituate’s year. It had the third highest depreciation amount in all the towns South of Boston. 

Home sales in Scituate decreased 27.9% from 226 Single Family homes sold in 2022 to 163 Single Family homes sold in 2023. 

The average sales price was down 4.5% to $1,041,356 in 2023 from 2022’s average sale price of $1,090,853. Median pricing didn’t really change the story that much for Houses for sale in Scituate as the 2023 median price of $865,000 was 5% lower than the 2022 price of $910,000. 

In 2022, there were 37 sales over $1.5 million in Scituate with 23 of them coming in the $1.5 to $1.999 million price range. This is compared to the 27 in 2023 with 21 being in the $1.5 to $1.999 million price range.

 

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South Boston 2023 Real Estate Recap

South Boston 2023 Real Estate Recap

It wasn’t a bad year for South Boston Real Estate, but it wasn’t necessarily a good year either. 

Home sales in South Boston, Massachusetts were down 28.4% as there were 394 homes sold. This is compared to the 550 homes South Boston Homes sold in 2022. 

The median price for Homes For Sale in South Boston in 2023 was up by 1.6%. The median price of $863,500 is compared to the median price in 2022 of $850,000. 

Looking at the data, the decrease in the sales of new construction homes would have contributed to the decrease in sales levels as well as the home price appreciation that hasn’t been as strong as years past. In 2023, there were 49 condos sold that were built one or fewer years newer. That number was 68 homes in 2022. 

We also saw a reduction in the amount of sales of homes that were over $1.5 million. In 2023 we had 23 properties sell for over $1.5 million. This is compared to 33 in 2022. 

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Massachusetts Real Estate Market Update 1/8/2024

YOUR Massachusetts Real Estate Market Update for the week of January 8th

I hope you had an amazing New Year… Because the Massachusetts real estate market looks to be jumping out of the gate. 

In this video we will go over the Single-Family and condo markets in the state of Massachusetts. And we will also do a quick interest rate update… And we will also talk about some relevant current events. 

Hi I am Jeff Chubb – A recovering Investment Banker turned Real Estate Agent that has sold more than a 1,000 homes. If you have any questions about the real estate market, then know I am here to help.

The end of December is always slow. With the week between  Christmas and New Years being painfully slow. So it makes sense that not a whole lot has gone on in the market. 

Less listings. Less buyer demand. Real boring stuff. 

Well the market tends to take off right after the New Year and it looks like this year will be no different. And my belief of the market ramping up quickly on the buyer side is already being seen… And felt. 

Spring buyers, there is a huge opportunity of getting out in front of the Spring market. If I am reading the tea leaves correctly, then you could save yourself 10s of thousands of dollars. Not to mention… If this Spring Market turns out like the data says, then you are going to need more time to find a house anyway…

Quick wildcard heads up is snow. If we end up getting a lot of snow this year, then that will push out the Spring Market Surge of activity. 

As a quick note, I am looking to buy houses. Let me know if there are any houses that you are aware of that need a lot of Tender Love and Care. The uglier, then the better! 

Let’s get into it...

Top 5 Appreciating & Depreciating towns North of Boston in 2023

Top 5 North Shore Appreciation / Depreciation

What a year for real estate. I joke saying it was the best real estate crash… ever! But the fact of the matter is that 16 of the 56 towns that are North of Boston had home price depreciation in 2023. 

So in this video we are going to take a look at the 5 best and worst performing towns for Single Family homes that are North of Boston. It’s important to say that there is no exact science as to exactly what towns should consist of the North of Boston tag. The data is great, but what are the exact towns is up for a little interpretation. 

Real quick. My name is Jeff Chubb and I am a retired investment banker turned real estate agent that has sold more than a 1,000 homes. If you have real estate questions, then I am here to help. 

Alright, let's start with the top appreciating towns in the Metro West market. 

The fifth best performing town North of Boston in 2023 was Swampscott, Massachusetts. Swampscott saw an astounding 41% decrease in the amount of units were sold in 2023. In 2023, there were 69 homes sold compared to the 117 units in 2022. The average sales price of $1.026 million was 10.8% higher than the $925,937 average sales price in 2022. The median price of $855,000 was 8.2% higher year over year in 2023. 

The fourth best performing town North of Boston in 2023 was Burlington, Massachusetts. Burlington had 148 homes close in 2023 which was 14.5% less than the 173 units sold in 2022. The average sales price in 2023 was $981,311 which is 14.2% higher than the $859,185 average sales price in 2022. The median sales price of $800,000 was 8.6% higher then the $736,500 in 2022. 

Manchester by the Sea was the third best performing town North of Boston. Manchester saw 34 homes close which was 37% lower than the 54 units that closed in 2022. Sales might have been...

Top 5 Appreciating & Depreciating Metro West of Boston Towns for 2023

Of the 41 towns that we identified as Metro West towns, 7 towns had home prices go down. I think we can consider that a successful year… Well for homeowners that is. 

We will talk a look at the top 5 Metro West Performers as well as the bottom 5 performers for Single Family homes in 2023. There is no exact science as to where the start of Metro West begins and ends and where we consider central Mass begins.The data is great, but what are the exact towns is up for a little interpretation. 

Real quick. My name is Jeff Chubb and I am a retired investment banker turned real estate agent that has sold more than a 1,000 homes. If you have real estate questions, then I am here to help. 

Alright, let's start with the top appreciating towns in the Metro West market. 

The 5th top performing town in the Metro West market was Hudson, Massachusetts. Hudson saw 101 homes close in 2023 which was a top 5 town high of a 37.7% decrease in sales. The 101 sales are compared to the 162 Single Family  Home sales in 2022. The average sales price in 2023 was $649,404 which was a 13.4% increase in pricing from the $572,500 in 2022. Median pricing was up, but not as much. The median price was up 8.7% in 2023 at $600,000.

The fourth top performing town in the Metro West market for 2023 was Bellingham, Massachusetts. Bellingham saw 131 Homes close which was a 24.7% decrease in sales activity to the 2022 sales levels of 174. The average sales price in 2023 was $552,962 which was a 14.2% increase from the $484,289 average sales price in 2022. The median price was pretty similar to the average pricing of $518,000 was a 13% increase in the median pricing. 

The Third best performing town in Metro West was Millis, Massachusetts. The 64 single family homes that closed represented a sales decrease of 24.7% as there were 85 sales in 2022. The average sales price of...

Top 3 Boston Metro Towns for Appreciation/Depreciation in 2023

Top 3 Appreciating & Weakest Performing Boston Suburb Towns

They said that 2023 was going to be the year that home prices were going to go down. Towns in the Boston Metro market must have missed that memo… Well… Except for one town. 

For this analysis we looked at 16 towns that surrounded and included Boston. Essentially the 95 belt to the South and then going up to Waltham and estimating the same circumference around which brings towns like Medford, Malden and Revere into the analysis. For this analysis, we compared the stats for both single family and condo units combined. We will take a look at the appreciation rates as well as the sales level decreases for each of the top and bottom 3 towns. 

Real quick. My name is Jeff Chubb and I am a retired investment banker turned real estate agent that has sold more than a 1,000 homes. If you have real estate questions, then I am here to help. 

Alright, let's start with the top appreciating towns. 

Waltham, Massachusetts is the third best performing town in the Boston Metro area. They had 403 Single Family and Condo sales in 2023 which was a 20.2% decrease in sales levels from 2023’s 505 closed units. The average sales price was up 7.5% with a 2023 average sales price of $790,281. This is compared to the average sales price in 2022 which was $735,307. Median price was up as well, however a little lower. The median price was up 5.3% with a $737,000 sales price in 2023. 

The second best performing town in the Boston Metro market was Everett, Massachusetts. Everett had 117 sales in 2023 which was a 24.5% decrease in sales levels from the 155 that sold in 2022. Prices were up 8.3% in 2023 with an average sales price of $543,694. This is compared to the average sales price in 2022 at $501,860. The median pricing gain was in the ballpark with a median price of $562,000 which was a...

Top 5 South of Boston Towns for Appreciation & Depreciation in 2023

Top 5 South of Boston Appreciation & Depreciation for 2023

A lot happened in the Massachusetts Real Estate Market in 2023… Everyone said that home prices were going to go down, but for the most part… They didn’t!

In looking at the data, there is no rhyme or reason to the towns that saw housing prices go down. So let’s first look at the top and the bottom 5 towns that are South of Boston for Single Family homes. We will go over the amount of sales as well as how much the town appreciated or depreciated. 

Now there is no perfect line that draws the exact towns that make for South of Boston then that would lead into Metro West. The data is great, but what are the exact towns is up for a little interpretation. 

Real quick. My name is Jeff Chubb and I am a retired investment banker turned real estate agent that has sold more than a 1,000 homes. If you have real estate questions, then I am here to help. 

Alright, let's start with the top appreciating towns. 

The fifth highest appreciating town that is South of Boston is Somerset, Massachusetts. The town closed 143 units in 2023 which is a 12.1% decrease in sales levels as there were 165 closings in Somerset in 2022. This was the lowest sales decrease for all the towns in the top 5. The average sales price in 2023 was $470,871 in 2023 which is a 12.3% increase over 2022’s average sale price of $419,382. There was a little discrepancy when you looked at median pricing as median pricing shows Somerset appreciating 7.8%. 

The fourth best performing town South of Boston was Hull, Massachusetts. Hull had 79 sales in 2023 which was 26.2% lower than the 107 units sold in 2022. The average sales price increased 13.1% in 2023 as the sales price jumped to $813,884...

Weymouth, Massachusetts 2023 Real Estate Market Recap

Weymouth, Massachusetts 2023 Real Estate Market Recap

The Weymouth, Massachusetts Real Estate market had some good news… And some bad news in 2023. The bad news sales were down. A lot. But sales and pricing are not correlated. It’s inventory and pricing that is correlated. 

Home sales in Weymouth were down 25.4% as there were 352 Single Family homes sold in 2023 which is compared to the 472 units sold in 2022. 

The average sales price of $620,831 was up 3.8% in 2023 from the $597,945 in 2022. The median price told a little better of a story… For home sellers that is! The median price of $605,000 in 2023 was 5.2% higher than the median price of $575,000 in 2022. 

There were 402 Single Family homes that were listed in Weymouth in 2023. This means that newly listed properties were down by 23.4% as there were 525 newly listed Single Family homes in Weymouth in 2022. Want to see all the current Homes for Sale in Weymouth

 

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Beacon Hill 2023 Real Estate Market Recap

Beacon Hill, the neighborhood famed for stunning Beacon Hill Brownstone did not have its best year. Home sales in Beacon Hill were down by 27.5% as we sold 129 units in 2023. This is compared to the 178 closed units in 2022. 

The median sales price was also down for Beacon Hill Real Estate. The median price in 2022 was $1.250 million dollars which represented a .99% decrease in the sold median sales price. The median sales price in 2022 was $1.625 million. 

Oftentimes, especially in the city, a new large (luxury) building that is being developed and hits the market can throw off the sales levels and pricing for a specific neighborhood. In this case we can contribute some of this disparity to 110 Sudbury Street which is a 55 unit luxury building. We also had the continued sell out of the Archer Residences at 45 Temple Street which is a 62 luxury building. 

You can check out the current Beacon Hill Homes For Sale .

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