In the Boston area there are significant numbers of both new and traditional housing. There is also a hybrid of the two – old houses that have been gut-rehabbed. Understanding the key differences is helpful to buyers, sellers, and owners alike. Buyers can use the understanding to evaluate the trade-offs between the different types of housing. Sellers gain insight into the competition. And owners can use the information to make informed decisions about when, if, and how to invest in upgrades and renovations to their home with an eye towards the ultimate resale value.
Here are snapshots of real estate activity in selected Greater Boston Area communities for 2018: Newton, Needham, Roslindale, and West Roxbury. You can see how some key indicators in 2018 compare to 2017 activity. Specifically, there are graphs that show the number of houses sold for each of the two years, the average sale price, and the average days on market, We’ll also take a quick peek – before we close – at anticipated activity in 2019.