These are the most expensive home sales in 2016 so far
Home sales in Massachusetts are up 30 percent in March 2016 compared to the year prior, according to Lamacchia Realty’s Q1 housing report. There were a total of 5,761 homes sold in March 2016 compared to 4,419 in March 2015, Lamacchia noted, adding that this is now the 10th month in a row home sales are up.
Prices have also increased — Lamacchia reports that compared to March 2015, sale prices have gone up 5 percent. Condos saw an even bigger jump from last year, with a 12 percent increase in sales prices.
The luxury market has seen a jump from last year as well, led by the Millennium Tower penthouse. The giant unit was listed for $37.5 million and found a buyer in February, though the final sale price was never released.
So far in 2016, according to data from realtor.com, the next-biggest home sale in Boston was 168 Beacon Street, Unit 3, which went for $7,525,000 on February 12.
Other top sales in Boston for 2016 include:
- 20 Rowes Wharf, Apt 507, Waterfront, $5,430,000
- 60 Chestnut Street, Beacon Hill, $5,000,000
- 220 Boylston Street, Apt 1415, $4,750,000
In their Q1 report, Coldwell Banker Previews International, the luxury division of Coldwell Banker Residential Brokerage in New England, found that luxury sales were up 11 percent in the first three months of 2016, compared to the first three months in 2015.
According to MLS data, 40 single-family homes and condos that were priced $2 million or higher sold in Boston in the first three months of 2016, compared to 36 in the first quarter of 2015.
“Boston’s luxury home market has been stable with sales increasing slightly in the first quarter. The average marketing time for high-end residential properties has declined, suggesting a healthy level of buyer demand,” Merit McIntyre, president of Coldwell Banker Residential Brokerage in New England, said in a statement.
The average number of days on the market for condos priced $2 million or more during the first three months of 2015 was 117 days — this year that number dropped to 105 days.
To comment, please create a screen name in your profile
To comment, please verify your email address
Conversation
This discussion has ended. Please join elsewhere on Boston.com