Thursday, August 19, 2010

Lexington's Million Dollar Home Sales Are Heating Up

Lexington has landed in the Top 10 Massachusetts Cities & Towns with home sales over $1 Million.

According to Banker & Tradesman of The Warren Group, home sales at the high end of the Boston area real estate market have increased significantly over the past few months.

Coming in at #3 on the list of high end home sales, (just below Wellesley and Newton), Lexington has had 44 home sales over $1 Million so far in 2010.

This represents a 76% increase in $1 Million homes sold over 2009.

In 2009 only 25 homes were sold over $1 Million.

The decline in the jumbo mortgage rate has helped the high end buyer obtain more reasonable interest rates. Currently a 30 year jumbo loan with 20 percent down payment in the Boston area hovers around 5%.

Theresa D'Antuono
Lexington MA Real Estate Agent
Lexington MA Homes For Sale
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