Good Morning Brookline,
There was a flurry of overnight activity resulting in a total of 16 new available properties worth $20.8M for the week. Additionally 23 more properties went under agreement clearing $35.8M off the market. Despite all of the activity we still have nearly 50% more inventory than last year and around $87M less in volume on the open market $33M of which can be attributed to Woodland’s asking price. Even without that property we’re still looking at a differential of around $50M.
In Brookline 24% of our housing stock is made up of single family homes (which tend to be higher $$$) but that segment makes up only 13% of our available inventory. Right now there are only 10 properties over $2.5M on the market vs. 26 last year. In order to bridge that $87M divide we’re going to have to list high-end inventory on the market and that may not come until people start moving back to the city.
There are a lot of contributing factors here but simply put there are 25 open houses in Boston over $2M in vs only 2 in Brookline this weekend at the same price point (there are 24 total). So if your sellers are even thinking about making the move back or into Boston now maybe be the perfect time for a deal before the Spring Market really heats up…
Thanks for reading, stay safe and have great weekend.
Lucas
Single Family - 1
456 Heath Street, Brookline MA, 02467 | List Price: $5,450,000 | 6,271 SF
6 Bedrooms, 4 Full 2 Half Bathrooms - Listed by Deborah M. Gordon
Condos - 14
Average SF: 1,249 | Average Price: $985,343 | Average $/SF: $808
Winthrop Rd - Unit 1, Brookline MA, 02445 | List Price: $2,595,000 | 3,628 SF
4 Bedrooms, 3.5 Bathrooms - Listed by Stacey Steck
77 Verndale Street - Unit 1, Brookline MA, 02446 | List Price: $1,965,000 | 2,709 SF
3 Bedrooms, 2.5 Bathrooms - Listed by The Bushari Team
74 Green Street - Unit 3, Brookline MA, 02446 | List Price: $1,695,000 | 1,551 SF
3 Bedrooms, 2.5 Bathrooms - Listed by Judith McCullough
227 Summit Ave - Unit E104, Brookline MA, 02446 | List Price: $1,059,000 | 1,209 SF
2 Bedrooms, 2 Bathrooms - Listed by Deborah M. Gordon
139 Beaconsfield Road - Unit 4, Brookline MA, 02445 | List Price: $1,025,000 | 1,550 SF
2 Bedrooms, 2 Bathrooms - Listed by Elane Fine
168 Cypress Street - Unit 168, Brookline MA, 02445 | List Price: $949,000 | 1,351 SF
2 Bedrooms, 2 Bathrooms - Listed by Beth Shuman
41 Park Street - Unit 102, Brookline MA, 02446 | List Price: $749,000 | 1,149 SF
2 Bedrooms, 2 Bathrooms - Listed by Eileen MacLennan
20 Stearns Rd - Unit 4, Brookline MA, 02446 | List Price: $729,000 | 849 SF
2 Bedrooms, 2 Bathrooms - Listed Bell | Whitman Group
114 Brook Street - Unit 2, Brookline MA, 02445 | List Price: $599,900 | 717 SF
2 Bedrooms, 1 Bathroom - The Gorfinkle Team
1450 Beacon St - Unit 302, Brookline MA, 02446 | List Price: $549,000 | 705 SF
1 Bedroom, 1 Bathroom - Listed by Fran Hoy
22 Chestnut Place - Unit 403, Brookline MA, 02445 | List Price: $535,000 | 827 SF
1 Bedroom, 1 Bathroom - Listed by Chris Yang
21 Westbourne Terrace - Unit 2, Brookline MA, 02446 | List Price: $535,000 | 718 SF
2 Bedrooms, 1 Bathroom - Listed by The Beacon Group
1600 Beacon St - Unit 102, Brookline MA, 02446 | List Price: $429,900 | 489 SF
1 Bedroom, 1 Bathroom - Listed by The Reference Group
126 Longwood Ave - Unit B, Brookline MA, 02446 | List Price: $380,000 | 345 SF
1 Bedroom, 1 Bathroom - Listed by Lisa Berry
Multi Family - 1
691-693 Heath Street, Brookline MA, 02467 | List Price: $1,500,000 | 2,614 SF
2 Units, 12 Rooms - Listed by Eileen Strong O’Boy