Metro Boston Multi-Family Housing Activity Report, December 2012
1 like279 views
The December 2012 multi-family housing report indicates a 12.1% increase in closed sales compared to December 2011, with a total of 204 sales. Median sales prices rose by 10% year-over-year, reaching $381,000, while inventory of homes for sale fell by 51% to 424 units. Notably, the report highlights trends in specific areas like Boston and Quincy, showing varying sales dynamics within the Greater Boston region.
Metro Boston Multi-Family Housing Activity Report, December 2012
- 1. 5B Multi-Family Housing Activity Report December 2012 Key Metrics Historical Sparklines Dec-2011 Dec-2012 +/– YTD 2011 YTD 2012 +/– Closed Sales 182 204 + 12.1% 2,029 2,240 + 10.4% A count of actual sales that have closed within a given month. 12-2009 12-2010 12-2011 12-2012 Median Sales Price The point at which half of the homes sold in a given month $358,750 $425,000 + 18.5% $346,450 $381,000 + 10.0% were priced higher and one half priced lower, not accounting for seller concessions. 12-2009 12-2010 12-2011 12-2012 Inventory of Homes for Sale The number of properties available for sale in active status 865 424 - 51.0% -- -- -- at the end of the month. 12-2009 12-2010 12-2011 12-2012 Months Supply of Homes for Sale The inventory of homes for sale at the end of a given month, divided by the 5.0 2.1 - 57.3% -- -- -- average monthly pending sales from the last 12 months. 12-2009 12-2010 12-2011 12-2012 Days on Market Until Sale The average number of days between when a property is listed 84 64 - 23.5% 79 67 - 14.8% and when an offer is accepted. 12-2009 12-2010 12-2011 12-2012 Pct. of Org. List Price Received The average percentage found when dividing a property's sales price 93.4% 98.0% + 4.9% 93.0% 96.2% + 3.5% by the original list price, not accounting for seller concessions. 12-2009 12-2010 12-2011 12-2012 New Listings A count of the properties that have been newly listed 170 130 - 23.5% 3,534 3,218 - 8.9% on the market in a given month. 12-2009 12-2010 12-2011 12-2012 Current as of January 16, 2013. Multi-family activity is comprised of 2-, 3- and 4-family properties only. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
- 2. 6B Multi-Family Housing Activity Report – 2-Family Properties December 2012 Closed Sales Median Sales Price Days on Market Inventory 12-2011 12-2012 +/– 12-2011 12-2012 +/– 12-2011 12-2012 +/– 12-2011 12-2012 +/– Acton 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Arlington 2 4 +100.0% $670,000 $606,000 -9.6% 55 11 -80.7% 5 4 -20.0% Ashland 0 0 -- $0 $0 -- 0 0 -- 1 2 +100.0% Attleboro 7 4 -42.9% $210,000 $171,000 -18.6% 110 129 17.1% 18 10 -44.4% Bedford 0 1 -- $0 $355,000 -- 0 81 -- 1 2 +100.0% Bellingham 0 1 -- $0 $220,000 -- 0 49 -- 1 3 +200.0% Belmont 3 4 +33.3% $506,000 $607,750 +20.1% 79 40 -49.8% 5 2 -60.0% Boston 35 37 +5.7% $342,000 $400,000 +17.0% 81 48 -40.7% 150 63 -58.0% Boxborough 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Brookline 1 0 -100.0% $748,000 $0 -100.0% 115 0 -100.0% 4 2 -50.0% Burlington 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Cambridge 3 5 +66.7% $587,500 $1,060,000 +80.4% 61 21 -65.8% 8 4 -50.0% Canton 1 1 0.0% $399,900 $335,000 -16.2% 74 42 -43.2% 2 2 0.0% Carlisle 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Chelsea 1 6 +500.0% $178,000 $232,500 +30.6% 143 51 -64.3% 16 7 -56.3% Concord 0 0 -- $0 $0 -- 0 0 -- 3 3 0.0% Dedham 0 1 -- $0 $465,000 -- 0 211 -- 6 5 -16.7% Dover 0 0 -- $0 $0 -- 0 0 -- 0 1 -- Everett 10 3 -70.0% $320,000 $345,000 +7.8% 65 71 9.9% 25 9 -64.0% Foxborough 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Framingham 0 2 -- $0 $142,450 -- 0 35 -- 14 7 -50.0% Franklin 0 0 -- $0 $0 -- 0 0 -- 3 1 -66.7% Holliston 0 0 -- $0 $0 -- 0 0 -- 1 1 0.0% Hopkinton 1 0 -100.0% $234,800 $0 -100.0% 163 0 -100.0% 1 0 -100.0% Hudson 1 0 -100.0% $285,000 $0 -100.0% 134 0 -100.0% 4 7 +75.0% Lexington 0 0 -- $0 $0 -- 0 0 -- 1 1 0.0% Lincoln 0 1 -- $0 $156,900 -- 0 15 -- 1 1 0.0% Malden 4 9 +125.0% $197,500 $330,000 +67.1% 72 119 64.7% 33 13 -60.6% Mansfield 2 1 -50.0% $265,000 $295,000 +11.3% 143 85 -40.6% 3 1 -66.7% Marlborough 1 1 0.0% $148,500 $168,000 +13.1% 12 205 1608.3% 12 8 -33.3% Maynard 0 0 -- $0 $0 -- 0 0 -- 1 2 +100.0% Medfield 0 1 -- $0 $299,000 -- 0 60 -- 1 5 +400.0% Medford 4 8 +100.0% $427,500 $470,500 +10.1% 103 52 -49.6% 20 8 -60.0% Medway 2 1 -50.0% $244,000 $292,500 +19.9% 570 454 -20.3% 4 1 -75.0% Milford 2 2 0.0% $213,500 $183,500 -14.1% 177 101 -43.1% 12 8 -33.3% Millis 0 0 -- $0 $0 -- 0 0 -- 1 1 0.0% Milton 1 2 +100.0% $323,400 $427,500 +32.2% 19 99 421.1% 12 4 -66.7% Natick 1 0 -100.0% $457,000 $0 -100.0% 174 0 -100.0% 6 1 -83.3% Needham 0 0 -- $0 $0 -- 0 0 -- 3 1 -66.7% Newton 3 3 0.0% $575,000 $590,000 +2.6% 150 94 -37.0% 15 8 -46.7% All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
- 3. Multi-Family Housing Activity Report – 2-Family Properties (cont.) December 2012 Closed Sales Median Sales Price Days on Market Inventory 12-2011 12-2012 +/– 12-2011 12-2012 +/– 12-2011 12-2012 +/– 12-2011 12-2012 +/– Norfolk 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0% North Attleboro 1 1 0.0% $264,900 $160,000 - 39.6% 116 270 + 132.8% 7 4 - 42.9% Norwood 2 0 - 100.0% $311,500 $0 - 100.0% 52 0 - 100.0% 7 4 - 42.9% Plainville 0 0 -- $0 $0 -- 0 0 -- 3 1 - 66.7% Quincy 6 13 + 116.7% $429,944 $360,000 - 16.3% 64 68 + 6.7% 28 12 - 57.1% Revere 8 4 - 50.0% $302,000 $322,500 + 6.8% 92 53 - 42.8% 37 20 - 45.9% Saugus 0 5 -- $0 $240,000 -- 0 96 -- 1 2 + 100.0% Sharon 0 0 -- $0 $0 -- 0 0 -- 1 2 + 100.0% Sherborn 0 0 -- $0 $0 -- 0 0 -- 0 1 -- Somerville 15 12 - 20.0% $425,000 $585,000 + 37.6% 67 45 - 32.6% 28 12 - 57.1% Southborough 0 0 -- $0 $0 -- 0 0 -- 0 1 -- Stow 0 0 -- $0 $0 -- 0 0 -- 1 0 - 100.0% Sudbury 0 0 -- $0 $0 -- 0 0 -- 0 1 -- Walpole 0 0 -- $0 $0 -- 0 0 -- 3 2 - 33.3% Waltham 3 1 - 66.7% $425,000 $395,000 - 7.1% 130 24 - 81.5% 14 1 - 92.9% Watertown 4 1 - 75.0% $542,500 $432,000 - 20.4% 97 5 - 94.8% 9 4 - 55.6% Wayland 0 0 -- $0 $0 -- 0 0 -- 2 1 - 50.0% Wellesley 0 0 -- $0 $0 -- 0 0 -- 2 1 - 50.0% Weston 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Westwood 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Winchester 1 0 - 100.0% $550,000 $0 - 100.0% 25 0 - 100.0% 3 4 + 33.3% Winthrop 1 0 - 100.0% $210,000 $0 - 100.0% 3 0 - 100.0% 7 3 - 57.1% Woburn 2 0 - 100.0% $320,000 $0 - 100.0% 45 0 - 100.0% 9 10 + 11.1% Wrentham 0 0 -- $0 $0 -- 0 0 -- 1 1 0.0% Greater Boston 128 135 +5.5% $339,500 $385,500 +13.5% 92 66 -27.8% 558 276 -50.5% Note: The "Greater Boston" figures are not a compilation or total of the individual areas. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
- 4. 7B Multi-Family Housing Activity Report – 3-Family Properties December 2012 Closed Sales Median Sales Price Days on Market Inventory 12-2011 12-2012 +/– 12-2011 12-2012 +/– 12-2011 12-2012 +/– 12-2011 12-2012 +/– Acton 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Arlington 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Ashland 0 0 -- $0 $0 -- 0 0 -- 3 4 +33.3% Attleboro 3 1 -66.7% $172,000 $122,000 -29.1% 94 19 -79.7% 12 6 -50.0% Bedford 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Bellingham 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Belmont 0 1 -- $0 $765,480 -- 0 13 -- 0 1 -- Boston 24 32 +33.3% $362,500 $442,000 +21.9% 52 75 +44.4% 127 59 -53.5% Boxborough 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Brookline 1 0 -100.0% $1,458,333 $0 -100.0% 12 0 -100.0% 3 1 -66.7% Burlington 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Cambridge 2 1 -50.0% $1,020,000 $834,000 -18.2% 26 28 +7.7% 5 3 -40.0% Canton 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Carlisle 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Chelsea 1 2 +100.0% $341,500 $295,000 -13.6% 128 10 -92.6% 18 2 -88.9% Concord 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Dedham 0 1 -- $0 $443,000 -- 0 28 -- 1 1 0.0% Dover 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Everett 1 2 +100.0% $250,000 $430,000 +72.0% 150 71 -52.7% 15 11 -26.7% Foxborough 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Framingham 0 2 -- $0 $290,000 -- 0 59 -- 5 4 -20.0% Franklin 0 0 -- $0 $0 -- 0 0 -- 3 1 -66.7% Holliston 0 0 -- $0 $0 -- 0 0 -- 0 1 -- Hopkinton 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Hudson 0 0 -- $0 $0 -- 0 0 -- 2 3 +50.0% Lexington 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Lincoln 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Malden 2 1 -50.0% $447,000 $425,000 -4.9% 19 56 +194.7% 10 2 -80.0% Mansfield 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Marlborough 2 0 -100.0% $157,450 $0 -100.0% 218 0 -100.0% 4 2 -50.0% Maynard 0 0 -- $0 $0 -- 0 0 -- 1 1 0.0% Medfield 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Medford 2 1 -50.0% $460,500 $502,000 +9.0% 42 5 -88.0% 7 3 -57.1% Medway 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Milford 0 0 -- $0 $0 -- 0 0 -- 3 3 0.0% Millis 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Milton 0 0 -- $0 $0 -- 0 0 -- 2 0 -100.0% Natick 0 0 -- $0 $0 -- 0 0 -- 1 1 0.0% Needham 0 1 -- $0 $800,000 -- 0 49 -- 1 1 0.0% Newton 0 0 -- $0 $0 -- 0 0 -- 2 1 -50.0% All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
- 5. Multi-Family Housing Activity Report – 3-Family Properties (cont.) December 2012 Closed Sales Median Sales Price Days on Market Inventory 12-2011 12-2012 +/– 12-2011 12-2012 +/– 12-2011 12-2012 +/– 12-2011 12-2012 +/– Norfolk 0 0 -- $0 $0 -- 0 0 -- 0 0 -- North Attleboro 0 1 -- $0 $330,000 -- 0 26 -- 3 1 -66.7% Norwood 0 0 -- $0 $0 -- 0 0 -- 1 1 0.0% Plainville 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Quincy 0 1 -- $0 $535,000 -- 0 44 -- 5 3 -40.0% Revere 0 0 -- $0 $0 -- 0 0 -- 7 3 -57.1% Saugus 1 1 0.0% $321,000 $390,000 +21.5% 5 101 +1920.0% 0 0 -- Sharon 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Sherborn 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Somerville 4 5 +25.0% $650,000 $475,000 -26.9% 45 96 +116.2% 11 3 -72.7% Southborough 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Stow 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Sudbury 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Walpole 0 0 -- $0 $0 -- 0 0 -- 0 1 -- Waltham 0 0 -- $0 $0 -- 0 0 -- 8 1 -87.5% Watertown 1 2 +100.0% $500,000 $652,500 +30.5% 5 39 +670.0% 0 0 -- Wayland 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Wellesley 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Weston 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Westwood 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Winchester 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Winthrop 1 1 0.0% $360,000 $310,000 -13.9% 65 56 -13.8% 1 1 0.0% Woburn 0 0 -- $0 $0 -- 0 0 -- 1 1 0.0% Wrentham 0 0 -- $0 $0 -- 0 0 -- 1 1 0.0% Greater Boston 45 56 +24.4% $385,000 $437,750 +13.7% 59 65 +9.7% 266 119 -55.3% Note: The "Greater Boston" figures are not a compilation or total of the individual areas. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
- 6. 8B Multi-Family Housing Activity Report – 4-Family Properties December 2012 Closed Sales Median Sales Price Days on Market Inventory 12-2011 12-2012 +/– 12-2011 12-2012 +/– 12-2011 12-2012 +/– 12-2011 12-2012 +/– Acton 0 0 -- $0 $0 -- 0 0 -- 0 1 -- Arlington 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Ashland 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Attleboro 0 0 -- $0 $0 -- 0 0 -- 3 1 -66.7% Bedford 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Bellingham 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Belmont 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Boston 2 4 +100.0% $547,500 $1,550,000 +183.1% 170 28 -83.4% 9 6 -33.3% Boxborough 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Brookline 0 0 -- $0 $0 -- 0 0 -- 0 1 -- Burlington 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Cambridge 0 2 -- $0 $900,000 -- 0 11 -- 4 1 -75.0% Canton 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Carlisle 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Chelsea 1 1 0.0% $265,000 $435,000 +64.2% 9 8 -11.1% 1 0 -100.0% Concord 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Dedham 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Dover 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Everett 1 0 -100.0% $460,000 $0 -100.0% 112 0 -100.0% 0 1 -- Foxborough 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Framingham 1 0 -100.0% $116,000 $0 -100.0% 176 0 -100.0% 1 1 0.0% Franklin 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Holliston 0 0 -- $0 $0 -- 0 0 -- 1 3 +200.0% Hopkinton 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Hudson 0 1 -- $0 $550,000 -- 0 65 -- 0 1 -- Lexington 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Lincoln 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Malden 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Mansfield 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Marlborough 1 0 -100.0% $365,000 $0 -100.0% 8 0 -100.0% 1 3 +200.0% Maynard 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Medfield 0 0 -- $0 $0 -- 0 0 -- 0 1 -- Medford 0 0 -- $0 $0 -- 0 0 -- 2 1 -50.0% Medway 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Milford 0 0 -- $0 $0 -- 0 0 -- 2 1 -50.0% Millis 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Milton 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Natick 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Needham 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Newton 0 0 -- $0 $0 -- 0 0 -- 1 2 +100.0% All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.
- 7. Multi-Family Housing Activity Report – 4-Family Properties (cont.) December 2012 Closed Sales Median Sales Price Days on Market Inventory 12-2011 12-2012 +/– 12-2011 12-2012 +/– 12-2011 12-2012 +/– 12-2011 12-2012 +/– Norfolk 0 0 -- $0 $0 -- 0 0 -- 0 0 -- North Attleboro 0 1 -- $0 $395,000 -- 0 15 -- 0 1 -- Norwood 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Plainville 0 0 -- $0 $0 -- 0 0 -- 2 1 -50.0% Quincy 0 1 -- $0 $575,000 -- 0 1 -- 8 2 -75.0% Revere 0 1 -- $0 $400,000 -- 0 6 -- 1 1 0.0% Saugus 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Sharon 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Sherborn 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Somerville 0 2 -- $0 $871,500 -- 0 103 -- 1 1 0.0% Southborough 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Stow 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Sudbury 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Walpole 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Waltham 3 0 -100.0% $540,000 $0 -100.0% 42 0 -100.0% 0 1 -- Watertown 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Wayland 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Wellesley 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Weston 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Westwood 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Winchester 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Winthrop 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Woburn 0 0 -- $0 $0 -- 0 0 -- 1 0 -100.0% Wrentham 0 0 -- $0 $0 -- 0 0 -- 0 0 -- Greater Boston 9 13 +44.4% $450,000 $740,000 +64.4% 86 34 -60.9% 41 29 -29.3% Note: The "Greater Boston" figures are not a compilation or total of the individual areas. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.