New Construction Homes – Bedford & Lexington MA

A LOOK AT NEW CONSTRUCTION HOMES IN BEDFORD AND LEXINGTON –

Any Bedford resident has noticed the growth in new construction. Every neighborhood has someone building something!

In the past 12 months, 20 new construction homes sold in Bedford! That’s a 54% INCREASE over 2014.
The average new construction home price increased 8%,from $1,140,100 to $1,233,000.
These homes also sold about 2 weeks quicker in 2015! Bedford existing home sales were up 5%, with the ASP barely increasing.

BEDFORD – All Single family sales 2015
Total units sold – 156 units +20%
Total Days on Market – 66 +3%
Average Sales Price – $785,700 +11%

In contrast, Lexington’s more mature new construction market,was basically flat. With 74 new home sales in both 2014 and 2015 and an ASP of $1,620,000 for both years. The only bright spot was homes sold on average 30 days faster.
Backing out new construction sales, Lexington existing home sales were up 5% to 313 units, selling 4% higher.

LEXINGTON – All Single family activity 2015
Total units sold – 387 units +5%
Total Days on Market – 70 +4%
Average Sales Price – $1,149,000 +3%

Both towns benefit from top ranked schools, proximity to major highways & downtown Boston. Bedford has done some tightening on building regulations recently. We’ll see 2016 new construction slow down a bit.
Interest rates should remain affordable however so we project the strong housing market will continue!

Mixing – Classic meets Contemporary

Your home is a collection….a layered timeline of your experiences, interests, and points of view. Your life isn’t one dimensional, why should your home be? Fill your home with objects that reflect your passions. Mixing textures,…