MALDEN - 2018
Malden Market Insight: Three-family, MLS-listed sales enjoyed robust success, with the average listing price coming in at $701,210 and the average sales happening at $727,935. Included in those properties are 11 Harnden, which was listed for $799,000 and sold for an incredible $280,000 over asking – wow!
What is Noteworthy about the Malden Market: Malden was the most active of the markets analyzed in 2018, with a turnover rate of 6.03%. This three-family-turnover-rate more than doubles the rates of submarkets such as Brookline (2.8%) and Watertown (2.4%).
While Malden Remained Incredibly Active on the Three-Family Side…..the condo market remained incredibly tight and seller-centric. According to MLS statistics, there were 145 condominium sales that closed in 2018 – a somewhat light number. Those sales however, delivered - and delivered big.
With the average asking price per-square-foot at $356, the average price per-square-foot sold came in at $372 – a positive sign for developers seeking to turn their multi-family properties into condos. Did your property, or a property on your street sell last year? SEE BELOW for a complete list of public and private sales for three-family properties in Malden in 2018.
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Contact me via text or phone TODAY at 617 272 5440 to learn about exclusive/off-market income properties. Be sure to check out my FAQ page, my complete 2018 multi-family market report, and my ‘Wealth Builder’ real estate program for buyers*****
I look forward to speaking with you soon!
