The longest actively listed property is under agreement or when a property on Washington Street with an asking price of right under $5mm is under agreement or the total volume year to date is far beyond where the last billion dollar market was at this same time? Means we are in a strong market where buyers and sellers have reached an equilibrium and deals are happening. After 10 years, a property on York Street is under agreement, but the seller finally got realistic and the buyer saw opportunity. A gorgeous house just came on the market on Washington Street for right under $5mm and went under agreement almost right away – why not – unobstructed views of the harbor coupled with a skillfully executed build-out. Sold sales volume YTD is currently just above $525mm – 5% higher than our last billion dollar year. We are in an amazing market to sell because prices are strong, but an amazing time to buy because prices are not artificially high and purchasing power is at an all time peak.
Forget another billion dollar year; we’re headed to record territory…