Boston Real Estate luxury market report statistics are provided by the Institute for Luxury Home Marketing. The luxury home market acts and reacts very differently than the regular housing market. There is more inventory, the houses stay on the market longer than lesser priced home because the pool of people who can buy these homes is smaller. Dedham real estate is showing only 15 listings in this category. It is true that your money goes further in Dedham than it will in a town like Newton.
Newton real estate has far more houses that would be considered luxury in the greater Boston real estate market. There are 121 houses actively for sale in Newton right now that would fall into this category. 47 Dudley Road, Newton MA 02458 is a listing that fits perfectly into this statistic. On the market for
$1,849,000 there is a Broker’s Open Cocktail Party on Oct 1 from 6-8 PM. Stop by and enjoy a wonderful glass of wine and some great snacks. Because there are fewer luxury houses in any market a single house at a very high price can sway the statistics. These charts show averages.
375 Westfield Street, Dedham, MA 02026 is a house with very compelling design. It is different than most colonials with contemporary flair. It is a house that is built for entertaining. It is also built in a way that each bedroom is apart and away from the others. A 1400 square foot master suite sits atop everything. The graphic on the left is showing that the inventory has been rounding down in the last week. This is to be expected through the rest of the year as people will not list properties as often in the winter, holiday months.
Newton real estate and Dedham real estate are wonderful towns with lots of history. They are different but they are loved by the people who live there. Your buying dollars will always go further in Dedham, while the diversity of housing stock will always be greater in Newton. The point here is that the Boston area move in homes are available and the market is looking very good for the buyers out there right now. This has been the Boston Real Estate luxury market report