The Top Five Multifamily Overbids - Malden, MA

    ​Vuong Report

    August 3, 2015

    The Malden Ma multi family market is on fire right now, don’t believe me? Lets look at some numbers and break it down:

    1. Closed sales of multi family homes in Malden Massachusetts increased 50% year over year as of June. This is significantly higher than the overall Massachusetts multifamily housing activity report for June 2015.
    2. Median sales price of multi family homes in Malden Massachusetts shot up 13.6% year over year as of June. This is significantly higher than the overall Massachusetts multifamily housing activity report for June 2015.
    3. The number of days on market for multi family homes in Malden Massachusetts fell more than 50% year over year as of June. This is significantly lower than the overall Massachusetts multifamily housing activity report for June 2015.
    4. The inventory of multi family homes in Malden Massachusetts is down 22% year over year as of June. This is in line with the overall Massachusetts multifamily housing activity report for June 2015.
    Malden Ma Multi Family Housing Activity Report June 2015
    Malden Ma Multi Family Housing Activity Report June 2015
    Massachusetts Association of Realtors - multi family housing report June 2015
    Massachusetts Association of Realtors - multi family housing report June 2015
    Here are the top 5 Malden multi family over bid stats for homes that were sold in the past 3 months, 2 out of 5 were close to Malden Center, 1 in Maplewood, 1 in Ferryway, and 1 by Fellsway West:
    Malden Ma Multi Family 3M Overbid map
    Malden Ma Multi Family 3M Overbid map

    # 5 - Address: 14 Dana Street | List:$479,000 | Sold:$530,000 | Bedrooms/Baths:5/2 | Overbid: 10.6% or $51,000

    #5 Malden Ma March - June 2015 Overbid Real Estate

    # 4 - Address: 17 Coburn Street | List:$390,000 | Sold:$440,000 | Bedrooms/Baths:4/2 | Overbid: 12.8% or $50,000

    #4 Malden Ma March - June 2015 Overbid Real Estate
    #4 Malden Ma March - June 2015 Overbid Real Estate

    # 3 - Address: 40-42 Presley Street | List:$425,000 | Sold:$480,100 | Bedrooms/Baths:5/2 | Overbid: 12.9% or $55,100
    #3 Malden Ma March - June 2015 Overbid Real Estate
    #3 Malden Ma March - June 2015 Overbid Real Estate

    # 2 - Address: 25 Orchard Street | List:$388,800 | Sold:$450,000 | Bedrooms/Baths:6/3 | Overbid: 15.7% or $61,200
    #2 Malden Ma March - June 2015 Overbid Real Estate
    #2 Malden Ma March - June 2015 Overbid Real Estate

    # 1 - Address: 141 Walnut Street | List:$489,900 | Sold:$590,000 | Bedrooms/Baths:6/2 | Overbid: 20.4% or $100,100
    #1 Malden Ma March - June 2015 Overbid Real Estate
    #1 Malden Ma March - June 2015 Overbid Real Estate

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    For more information, please contact Peter Vuong.

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