Sometimes there is no rhyme nor reason in the real estate market, specifically the luxury market — and this year is no different. Despite the adjustments in the economy, buyers are still flocking to the suburbs of Boston and the luxury market remains active. 
Arlington Luxury Market Update
- Average of 23 days on market.
- This year's average sale price is $1,486,483, almost equal to 2022's average, $1,482,240.
- Average price per square foot is $571.
- Compared to this time last year, there are 44 fewer listings due to low inventory.
Belmont Luxury Market Update
- Average of 44 days on market.
- This year's average sale price is $1,697,646, dropping from 2022's average of $1,906,069 due to low inventory.
- Average price per square foot is $673 compared to $651 in 2022.
- Compared to this time last year, there are 10 fewer listings.
If you are curious about the value of your luxury property in today’s market, contact us for a complimentary market analysis.
