The Warren Group recently released statistics on condominium sales throughout the state, including in Beverly. Overall, condo prices are dropping in Beverly and sales are increasing compared to this time last year.
In May of 2012, 8 condos were sold in Beverly but this past May condo sales only hit a total of 6, which translates to a 25 percent drop. However, condo sales overall this year are more than they were at this point in 2012, jumping from 24 last year to 32 this year, a 33.33 percent increase.
The median sale price for a condo in Beverly has dropped since last year, going from $205,000 to $180,750 so far this year. And the median sale price for just the month of May has plummeted compared the median sale price last May, going from $297,500 in May of 2012 to $185,750 in May of this year. That represents a 37.56 percent drop.
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