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THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Plymouth Spotlight: Rockland
IN PERSON
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Preserving historic properties to bolster economic development in the surrounding neighborhood is central to the mission of Historic Boston Inc. Kathy Kottardis joined Historic Boston as its executive director in 2007 after leadership roles at Massachusetts Office of Small Business and Entrepreneurship and the former Boston Redevelopment Authority.
WEEK OF MONDAY, SEPTEMBER 7, 2020
RESIDENTIAL REAL ESTATE BY THE NUMBERS
“SPRING” MARKET
BUYERS FLOOD MARKETS IN
6 percent The median Massachusetts singlefamily sale price has jumped 6 percent year-to-date. See James Sanna’s story on this page. Source: The Warren Group’s Statistics Module
$16.5 million The sale price of the most expensive home in this week’s Gossip Report. See page 9. Source: The Warren Group
DELAYED SPRING SEASON Cape Cod Agents Post Record Sales
BY JAMES SANNA BANKER & TRADESMAN STAFF
9 percent The median Massachusetts condominium sale price has jumped 9 percent year-to-date. See James Sanna’s story on this page. Source: The Warren Group’s Statistics Module
9,682 square feet The size of the largest home in this week’s Gossip Report. See page 9. Source: The Warren Group
29,439 The number of single-family homes sold so far in Massachusetts in 2020. See James Sanna’s story on this page. Source: The Warren Group’s Statistics Module
A
s spring turned to summer in Massachusetts and the harshest public health measures to stay at home eased, an unusual thing happened: Homebuyers flooded the market. In a time when any stranger – and more than a few friends and family members – could be carrying a deadly virus, and the statewide unemployment rate hit 17 percent, a surge of buyer interest has swamped many of the region’s housing markets. “The buyer pool is so much bigger than the inventory can handle,” said Sue Drumm, a Longmeadow-based Coldwell Banker agent and 2020 president of the Realtors Association of the Pioneer Valley. “It’s not unusual to have 18 or 20 offers on a property.” Continued on Page 10
10.5 acres The size of the biggest lot in this week’s Gossip Report. See page 9. Source: The Warren Group
1.6 months The supply of single-family inventory left on the Massachusetts market as of July 31. See James Sanna’s story on this page. Source: Massachusetts Association of Realtors
$23 million The sale price of Reebok ex-CEO Paul Fireman’s mansion. See Week on the Web on page 2. Source: The Warren Group
Unless otherwise noted, all data is sourced from The Warren Group’s Mortgage Market Share Module, Loan Originator Module, Statistics Module and/or proprietary database. For more information please visit www.thewarrengroup.com/business/ datasolutions.
Well-heeled buyers looking to escape COVID-19 flocked to Cape Cod from Boston, New York and Connecticut, driving up prices.
BIG BAILOUT
PHASE TWO
Panel Calls for Resiliency Czar, Funding Districts
Some Still Wait on Federal Guidance
By Steve Adams | Banker & Tradesman Staff
By Diane McLaughlin | Banker & Tradesman Staff
DRI Strategy Could Banks Turn to Online Portals Defend Boston Waterfront to Process PPP Forgiveness
Commercial Real Estate PAGE 7
Banking & Lending PAGE 9