The following is from The Warren Group.
Home shoppers have become more frugal.
Sales of million-dollar-plus homes in Massachusetts have plummeted.
A total of 174 single-family homes with price tags of $1 million or higher traded in the first three months of the year, according to The Warren Group.
That’s down nearly 50 percent from the same months last year, when 341 in that price range were sold.
Top sales in the first quarter included nine properties that sold for $4 million or higher.
What are some of the priciest residential property sales this year?
A 5-bedroom home in Edgartown on Martha’s Vineyard fetched $11.75 million in January. On the North Shore, an 8,800-square-foot waterfront mansion with 5.5 acres in Manchester-by-the-Sea, went for over $6.2 million.
And on Nantucket, a 6-bedroom Antique sold for $5.75 million.
Newton and Needham had the most million-dollar-plus sales in the first quarter, with each community seeing 12 single-family home sales transactions in that price range.