At $198,074, the average sale price at Highwood now stands 36% above the prior market cycle low of $147,313 set back in 2011. That’s some difference in price!
Highwood sales volume surges
2016 saw strong sales activity at Highwood.
Nineteen condo units changed hands at Highwood during 2016. This represents a whopping 90% increase over the ten units that sold in 2015. It was the best annual sales volume at the popular Franklin condo community since before the Great Recession.
Three associations govern Highwood
There are three associations at Highwood, reflecting the three phases of construction at this popular Franklin, MA condo community. Highwood I was built in the in the mid to late 1970s. It has brick exteriors and heat pumps which provide these condos with both central heat and AC. Highwood II was built in the early 1980s and has distinctive Tudor style exteriors. Completed 1986, Highwood III is the most recent phase of construction at the Highwood condominiums. It has mostly two level townhomes with vinyl siding; some of these homes have basements.
Highest sales at Highwood in 2016
The three highest sales at Highwood for the year were multi-level townhomes with updated kitchens and baths. The three top sales were spread evenly throughout the three associations; each of the three associations was home to one of the highest sales of 2016.
Top selling price honors for the year went to 16 Highwood Drive in Highwood I. It sold for $220,000. It offered a highly sought after feature: a first floor master bedroom with access to a full bath. This unit had two more bedrooms on the second floor and a heated 4 season room at the rear of the first floor.
114 Highwood Drive sold for $216,500. Situated in Highwood II, this unit had 2 bedrooms on the second floor and 1.5 baths. The kitchen and baths were beautifully updated and the first floor boasted pretty laminate flooring.
140 Highwood Drive in Highwood III rounds out the three top selling units at Highwood for 2016. This unit was the only one of the top three sales to have a basement. It had newer kitchen and baths and offered neutral décor.
Lowest sales at Highwood in 2016
The three lowest sale prices at Highwood during 2016 were all for one level, first floor garden style units in Highwood II.
The three lowest priced units were essentially similar: they all had original kitchens and baths and offered the same living area. But the price paid for one of these units was noticeably higher than the prices paid for the other two units.
Units 63 and 83 Highwood Drive sold for $159,900 and $161,000, respectively. Unit 86 sold for a much higher $168,905. The timing of the three sales appears to be the main reason for higher sale price for Unit 86. Units 63 and 83 sold early in the year while Unit 86 sold later in 2016 after it became clear that prices were on the rise at Highwood.