I want to share the trends of some communities with rising popularity in the surrounding areas, after another year of record-breaking numbers for real estate. Here is what you need to know.
It is interesting to note that Arlington has already seen double the number of $2 million sales so far this year than occurred in all 2020. And million dollar sales this year match 2020 full-year totals and are now just 3 sales short of the 2019 record of 83.
Belmont has already matched the number of $3 million sales that occurred in all of 2020. In the $2 millions price band a new record has been set!
Cambridge has 2 ties and a record. A record number of $4 million single-family houses have conveyed this year. And in the $2 million and $3 million price bands YTD 2021 sales have tied previous sales records.
In both the single family and condo categories, Somerville has already set a record for $2 million closings. Between $1,000,000 and $1,999,999 condo closings have already eclipsed 2020 full-year totals - by a lot.
It is important to keep in mind that when the current year's numbers fall below previous years, it's not necessarily an indication of low demand; it could also reflect the lack of inventory in that price point.
