The Globe has a story out today about the +$1 million market in Massachusetts.
Sales of single-family homes priced at $1 million and above have surged 9.6 percent so far this year, compared with a 5 percent decline in sales of homes under $1 million, according to Warren Group, a Boston publisher of real estate data and news.
(A five percent drop is a “slump”? but, I digress …)
What about within the city of Boston?
2004 sales, $1 million-$2 million: 321
2005 sales, $1 million-$2 million: 326
2006 sales, $1 million-$2 million: 304
2007 sales (to date), $1 million-$2 million: 247
2004 sales, +2 million: 72
2005 sales, +2 million: 95
2006 sales, +2 million: 75
2007 sales (to date), +2 million: 85
In a word, strong. Although the $1 million – $2 million market may end up off around 10%, I’d say we’re looking at a very strong market for million-dollar plus properties.
Source: Listing Information Network, Inc.
More: Amid housing slump, high-end boom – By Kimberly Blanton, The Boston Globe
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