Brookline

Town Overview

Brookline public schools are rated 9 out of 10 by greatschools.net and there are many private schools.

Birthplace of John F. Kennedy, Brookline is accessible by MBTA subway. North of T-line feels urban and the south feels more like a residential area, with its many parks and rivers.

Many enjoy shopping at Coolidge Corner, Brookline Village, and Chestnut Hills Mall.

Market

Single-family houses inventory is at 81 as of beginning of July 2010.  This translates to 5.48 months' supply, meaning the market is shifting towards seller's side for the first time in at least two years.  The houses in the inventory have been on market for 144 days on average, and the houses are most available in $1,000,000 to $1,999,999 range. If you are putting a house in this range you probably have to be ready to wait for anything from 70 to 100 days. Lowest priced house is $499,900 and the highest is $15,750,000.

How are single family houses in Brookline selling? In the past month, 24 homes were sold, with median price at $1,175k.  The number of sales jumped up in the beginning of June from 11 a month, so the market is becoming very active now. (Last year during the same timeframe 23 houses were sold.) The median sale price tends to fluctuate month to month in Brookline anywhere from $1million to $1.8 million.   Houses are selling at 95% of the sale price. The houses in $1,000,000 to $1,499,999 range sold the most, and fairly quickly in 34 days on average, and for 96% of the sales price.

Let us now analyze condominium market in Brookline. As of now there are 198 units available. They have stayed in the market for 100 days on average. So there is a little more than 4 months' worth of supply waiting for buyers. This is fairly low considering the time of the year and the nature of Brookline market. It seems that the market is shifting toward buyer's market. The inventory is deep especially in two different ranges: $300,000 to $349,999 range and $600,000 to $699,000 range. $250,000 to $299,999 range is the freshest segment in the market: the condos in this range have stayed on market for 47 days. The lowest condo available in Brookline is $159,900 and the highest is $4,500,000. $528,876 is the median price for all condos. If you are looking for a condo over a million dollars, there are 17 condos available in the over $1mill. under $2 mill. range.

How are the condos selling in Brookline? Last month 59 condos were sold in average of 59 days. They range from $155,850 to $1,150,000. These condos sold for 97% of their listing price. Condos in $500,000's sold the most.

Let's analyze condos and single-family houses market put together. There are 281 properties available, and they have stayed on market for average of 115 days. You will find many choices in $500,000-$549,999 range and $1,000,000-$1,500,000 range.

If you would like to receive a monthly Brookline local housing data newsletter, visit www.move2Boston.com, click on the "Link to Raveis," then select "Subscribe to Housing Newsletter." You can also generate a housing data report anytime. Call Susie at 617-332-3420 if you would like her to walk you through this feature.

If you are relocating to Boston area, call or email me to get a FREE relocation package. We are familiar with many communities in the Greater Boston, not limited to one or two areas. We specialize in Buyer Representation. You can be rest-assured that you have a seasoned real estate professional looking out for your interests in the entire buying process.

Tel: 617-332-3420

email: susie@move2boston.com