I’m happy to say we’re enjoying an overall 58% increase in volume so far this year. Great news given the challenges of such extremely low inventory. In looking at the bigger Greater Boston picture, 455 condos sold in February, it was the ninth-most active February on record in Greater Boston. This represents a 3.8% decline in sales volume from the 473 condos sold at the same time last year and is slightly below the historical monthly sales average of 467. This is also the third consecutive month that condo sales have dropped on a monthly basis. On an annual basis, the median sales price rose 14.7% from $499,000 to a February record of $515,000.
A few highlights from our Celebrating Success event at Tony C’s
Hard to believe that we’re nearing the end the 1st quarter with lower inventories than ever before. Being an optimist and given the current numbers there is only one way from here and that’s up. Looking forward to a crazy spring market with a few surprises as the market slowly shifts.
JP vs Roslindale
We are so very excited to announce that we came in as the #1 real estate office in JP for 2016 in both sales volume and number of sides. A major accomplishment for having opened the office in October of 2013, just three years ago. Congratulations to all.
The news is timely. We are just getting started in building out an adjacent office space where we are adding an additional conference room, team room and additional work areas for associates and team members to use. We’ll keep you posted on plans for our upcoming expansion party.