Boston has proven to be a top performer in the luxury housing market having 204 million-dollar home sales in this years third quarter. In terms of sales, Boston is ranked No. 9 in the United States of all luxury housing markets, with not many cities being able to compare to this rampant activity. Million dollar home sales are predicted to remain strong for the remainder of 2014 and continue into next year.
Although million-dollar home sales are only up 2.5 percent on year-over-year measures, they are up an outstanding 64.5 percent since 2011 Quarter 3 showing substantial growth in the market over the past few years.
Breaking down some of the higher-end luxury home sales further, some of the top neighborhood sales include the Back Bay with an average luxury price of $4,451,000, Beacon Hill with an average of $3,878,000, and West Cambridge/Huron Village coming in with an average of $3,227,000.
More Information: Boston Agent Magazine