Beverly Mid-Year Review: By The Numbers
Beverly is seeing a lot of new construction, particularly in the condo market, and as new construction is generally of higher-priced properties, this construction moves the median price of homes sold upwards.
The median price of a Single Family Home (SFH) increased 8%, while sales dropped back from the 2016 level.
The most significant factor affecting the condo market in the last year has been the new Elliott Landing development of 73 higher-priced condos – of which just 6 remain for sale. The impact of Elliott Landing was evident in the second half of 2016 and the first half of 2017.
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Are you thinking about selling? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated