Boston has proven to be a top performer in the luxury housing
market having 204 million-dollar home sales in this years third
quarter. In terms of sales, Boston is ranked No. 9 in the United
States of all luxury housing markets, with not many cities being
able to compare to this rampant activity. Million dollar home sales
are predicted to remain strong for the remainder of 2014 and
continue into next year.
quarter for million-dollar home sales.
Although million-dollar home sales are only up 2.5 percent on
year-over-year measures, they are up an outstanding 64.5 percent
since 2011 Quarter 3 showing substantial growth in the market over
the past few years.
sales since 2011 third quarter.
Breaking down some of the higher-end luxury home sales further,
some of the top neighborhood sales include the Back Bay with an
average luxury price of $4,451,000, Beacon Hill with an average of
$3,878,000, and West Cambridge/Huron Village coming in with an
average of $3,227,000.
More Information:
Boston Agent Magazine