Over the years we have seen the real estate market in Boston increase steadily. The Hyde Park Multi-Family market has experienced a $100,000 value increase in the last 2 years. Multi-families were sold for an average price of $417,000 in 2014, today, they are sold for upwards of $523,000. Multifamily homeowners must be ecstatic with this because they are recouping some equity and making a huge profit.
|Multi Families||2014||2015||2016 (January to July)|
|Average Sales Price||$417,710||$450,087||$522,978|
|Days on Market (DOM)||58||84||79|
Condominium values have risen slightly from last year but Hyde park is more of a family oriented neighborhood so we suspect single families and multifamilies are a more stable purchase in this area.
|Condominiums||2014||2015||2016 (January to July)|
|Average Sales Price||$244,712||$232,617||$240,573|
|Days on Market (DOM)||56||46||77|
Single family sales are on track to surpass previous years with value steadily increasing. Families looking for a great neighborhood should consider Hyde Park as you still get some land and a decent sized home.
|Single Families||2014||2015||2016 (January to July)|
|Average Sales Price||$353,837||$385,299||$392,760|
|Days on Market (DOM)||64||62||58|
For more information on the Hyde Park market, contact your Hyde Park Real Estate Specialist Denisha McDonald