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There's a Lot to be Thankful for When it Comes to Brookline Real Estate

Chobee Hoy offers insight on Brookline's real estate market.

With news of a less than robust real estate market permeating the news over the past few years, our city continues to beat the odds.  Brookline’s real estate market remains one of the stronger markets in the state and continues to pick up momentum. MLS data for the single family home market in Brookline indicates that there are many varieties of homes available in the area and the market is anything but stagnant. In the past three months alone, there were 34 homes sold in Brookline.

There are currently 84 single family homes on the market in Brookline. Nine of those 84 are under contract, meaning, they have an accepted offer and are waiting for a purchase and sale to be signed. Additionally, there are currently 16 homes that are under agreement, which means that a purchase and sale has been signed and they are simply waiting to close.  These homes range in asking price from $299,900to $13.5 million. Over the past three months, the average home sold in Brookline costs $1,402,47 and the average square footage of homes sold in Brookline is 3,297 feet. 

These statistics for home sales indicate that property values within our market remain high and real estate in our area continues to be a strong investment. Homes in higher price points are still selling and the average home sold in Brookline is well over a million dollars. Brookline home values continue to hold their ground and even increase even though many homes in other local towns are not increasing at the same pace, and in many cases are even declining. 

In summary, even through economic hardships that our country is facing, our real estate market continues to thrive and remain a strong investment, and that is certainly something to be thankful for!

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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