Once again from the Raveis home office we have numbers which you will not see printed in the Globe but should. They have a wonderful piece today about how numbers are down "on the South Shore" in which they mysteriously leave out a large number of towns that don't support their editorial content. Here we have Brookline's numbers.
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| vs. Massachusetts |
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| Sept. | SINGLE |
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| YTD |
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| | TOWN |
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| Inventory | % Ch. |
| SOLD | % Ch. |
| Avg.$$ | % Ch. | | Brookline |
| 2006
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| 109 |
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| 156 |
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| 1,294,171 |
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| 2007
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| 75 | -31.19% |
| 184 | 17.94% |
| 1,466,683 | 13.32% |
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| | Newton |
| 2006
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| 336 |
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| 587 |
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| 895,248 |
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| 2007
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| 187 | -44.34% |
| 686 | 16.86% |
| 955,947 | 6.70% |
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| | Jma. Pln. |
| 2006
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| 47 |
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| 95 |
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| 614,517 |
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| 2007
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| 33 | -29.78% |
| 80 | -0.52% |
| 537,995 | -12.45% |
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| | MASS |
| 2006
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| 31667 |
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| 46,347 |
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| 431,470 |
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| 2007
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| 30797 | -2.74% |
| 44,268 | -44.00% |
| 431,848 | 0.01% |
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| Sept. | CONDOMINIUM | YTD |
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| Inventory | % Ch. |
| SOLD | % Ch. |
| Avg.$$ | % Ch. | | Brookline |
| 2006
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| 301 |
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| 659 |
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| 509,449 |
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| 2007
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| 239 | -20.59% |
| 728 | 10.47% |
| 500,064 | -1.80% |
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| | Newton |
| 2006
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| 203 |
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| 303 |
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| 544,398 |
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| 2007
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| 145 | -28.57% |
| 310 | 2.30% |
| 534,682 | -1.78% |
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| | Jma. Pln. |
| 2006
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| 218 |
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| 446 |
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| 350,303 |
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| 2007
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| 172 | -19.26% |
| 460 | 3.13% |
| 368,666 | 5.24% |
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| | Brighton |
| 2006
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| 180 |
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| 494 |
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| 291,412 |
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| 2007
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| 120 | -33.33% |
| 421 | -14.77% |
| 312,915 | 7.37% |
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| | MASS |
| 2006
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| 16075 |
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| 23586 |
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| 321,780 |
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| 2007
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| 14959 | -6.94% |
| 22047 | -6.52% |
| 336,173 | 4.47% |
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| Sngl. Fam | Sale Price |
| % Ch. | Condo's |
| Sale Price |
| | Brookline |
| 2006
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| 13 | 1,055,270 |
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| 47 |
| 508,175 |
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| 2007
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| 12 | 1,479,487 |
| 40.19% | 34 |
| 596,513 | 17.38% |
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| | Newton |
| 2006
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| 44 | 963,153 |
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| 21 |
| 570,602 |
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| 2007
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| 44 | 913,027 |
| -5.20% | 20 |
| 516,612 | -9.46% | |
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To boil it down to simple numbers, Single Family inventory for the year is down right now (think supply and demand) because almost 20% more homes have sold and overall those sales have been for more than 13% more money. This month alone there is a 40% increase in sales price for single family homes last month over September '06.
In terms of condos, we saw fewer sell in September, but the number on market is down 20%. Those that did sell were able to sell for almost $90,000 more than they did in September last year.
This is a tremendous market right now. Buyers already know they are finding amazing deals, and if you are a seller you can look at these numbers and see that appropriately valued property is still selling at a rate that blows the rest of the country away.
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