The average sale price of units at Highwood edged up 2.6% in 2024 to stand at $341,650.

Longer-term view

2024 was the 5th straight year of record prices at Highwood and the ninth straight year that the Highwood Condominiums enjoyed rising home values.

Since the price bottom in 2011, the average sale price at Highwood is up an impressive 132%!

Sales volume rises in 2024

6 units at Highwood changed hands during 2024, the first rise in sales volume since 2021.

The low sales totals of 2022 – 2024 do not signify weak demand for Highwood units. Rather, the low sales volume reflects the pervasive low-inventory housing market in Massachusetts. There has been a general lack of available homes throughout the Bay State for many years now.

2024 Highwood sales report

Click/tap on the hotlink in the image below to download a review of all the units at the Highwood Condominiums that sold during 2024.

In the report, you’ll see photos and details about all the units that sold at Highwood in 2024.

For help and advice on Highwood Condos

Contact us for help and advice on either buying or selling at the Highwood Condominiums in Franklin, MA! We’ve been selling Highwoood since 1998, so we have the knowledge and experience to assure that you have a 5-Star real estate experience!

The average sale price of units at Highwood has risen an impressive 35% in the last three years.

Longer-term view

2023 was the eighth straight year that the Highwood Condominiums enjoyed rising home values.

Looking back to the financial panic of 2007 and the ensuing Great Recession, Highwood condo values bottomed in 2011. Since then, the average sale price at Highwood is up a staggering 126%!

Sales volume falls in 2023

Only five homes at Highwood changed hands during 2023, marking the second straight year of a significant decline in sales volume.

The low sales totals in 2022 and 2023 do not signify weak demand for Highwood units. Rather, the decline in sales reflects the pervasive low-inventory housing market in Massachusetts. There has been a general lack of available homes throughout the Bay State for the last several years.

Highest-priced sales at Highwood in 2023

Below are the two highest-priced sales at Highwood for the year just ended.

Unit 121 is in Hghwood III, the most recently-built association in the Highwood condo community. This unit has a renovated kitchen and baths, with updated flooring and fresh paint. Unit 37 is in Highwood I, the only association at Highwood with a brick exterior and a heat pump for hot-air heat and also central air conditioning.

2023 Highwood sales report

Click/tap on the hotlink in the image below to download a review of all the units at the Highwood Condominiums that sold during 2023.

In the report, you’ll see photos and details about all the units that sold at Highwood during 2023.

For help and advice on Highwood Condos

With mortgage rates on the decline as 2024 gets underway, the Highwood Condominimums seem poised to have another solid year. Contact us for help on advice on either buying or selling at the Highwood Condominiums in Franklin, MA! We’ve been selling Highwoood since 1998, so we have the knowledge and experience to help you achieve your goals!

The rise to $310,750 in 2022 represents a 12% jump in the average sale price in just the last year.

Longer-term view

The chart below shows how Highwood condo prices have performed each year since 2004.

Highwood condo values bottomed in 2011 in the depths of the Great Recession. Since then, prices have moved mostly upwards in moderate annual increments. But starting in 2021, there has been pronounced appreciation in each of the last two years. The average sale price at Highwood now has more than doubled (+111%) since 2011!

Unit sales volume falls

Only eight units sold during 2022, down from fifteen sales in 2021. 2022 saw the lowest annual number of unit sales at the Highwood Condos going back to 2013.

2022 Highwood sales report

Click/tap on the hotlink in the image below to download a review of all the units at the Highwood Condominiums that sold during 2022.

In the report, you’ll see that seven of the eight of the units that changed hands in 2022 sold over their asking prices. These units were all in excellent interior condition and were rewarded by the market. The one unit that sold under asking was tenant occupied and needed freshening.

For help and advice on Highwood Condos

2023 look to be be another solid year at Highwood. Contact us for help on advice on either buying or selling at the Highwood Condominiums in Franklin, MA! We listed and sold more condominiums in Franklin, MA in 2022 than any other broker. So we have the knowledge and experience to help you achieve your goals!

It was the sixth year in a row that the annual average sale price rose at Highwood. All three of the associations that comprise the Highwood community (Highwood I, Highwood II and Highwood III) experienced a rise in unit values during the year.

Highest unit sale price

Unit 154 in Highwood III achieved the highest sale price at Highwood during the year.

What distinguished Unit 154 was that it was one of the few units at all three of the Highwood associations with a basement. There was finished living area in this basement, a big plus for the floor plan of the home. Additionally, this townhouse offered three bedrooms, including one on the main living level. Many condo buyers prize a first-floor bedroom, so this unit had a lot going for it – hence the high selling price!

Lowest unit sale price

The sale of Unit 76 produced the lowest-priced transaction at Highwood during 2021.

This Highwood II unit was a one-level home on slab. It offered two bedrooms and one bath. Both the kitchen and bath were updated.

2021 Highwood Sale Report

You can download the Highwood Sales Report for 2021 here or via the hotlink in the image below.

In the report, you’ll see that fifteen Highwood units sold in 2021. Of those units, thirteen sold over their asking prices. What a strong showing for Highwood for the year just ended!

Those fifteen unit sales in 2021 were consistent with annual sales totals for the last four years at Highwood.

The outlook for 2022

The market for condos at Highwood in the year ahead will be greatly influenced by the direction of mortgage interest rates. There is a general expectation that rates will move higher in 2022.

While no one can predict the future with certainty, most experts expect that affordability will remain a major issue and that housing inventory will remain tight as 2022 gets underway. The expectation that mortgage rates will rise as 2022 progresses means that prospective home buyers may want to act soon to lock in an affordable interest rate . . . before borrowing costs climb significantly. Waiting to buy could mean paying more per month for your home if mortgage rates rise as expected later in the year.

For prospective home sellers, experts forecast that demand for housing will continue to outpace available supply, so long as mortgage rates remain at their current rock bottom levels. While this is generally good news for sellers because it means less competition, a combination of high prices and rising interest rates later in 2022 should narrow the pool of potential buyers who can afford to buy your home. The emphasis for home sellers in 2022 should be on selling your home earlier, rather than later, in the year. As soon as practicable in the new year, you should hire a real estate agent who utilizes technologically-advanced marketing tactics to reach qualified buyers and get your home on the market.

If you think you may be ready to buy or sell, give us a call at 508-561-6259 or use the contact form below. As local market experts, we can fill you in on any issues impacting your move and create a custom plan to help you meet your real estate goals.

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The rebound in unit values played out over nine years after prices bottomed in 2011. 2020’s average sale price at Highwood hit $244,607, a 3.2% increase over the prior year. This is 3.8% above 2005’s high.

Only two sales below asking price in 2020

Of the fourteen sales at Highwood in 2020, nine were over asking price, three sales were at asking, and only two units sold at a discount from their asking prices.

In a sign of rising prices in the overall Massachusetts housing market, the over-asking price sales at Highwood in 2020 were of units that were not uniformly upgraded.

Most of these units did offer either renovated kitchens . . . .

remodeled baths . . .

or at least one special feature (a loft, finished basement, or desirable one-level living).

Get to know the Highwood Condos in Franklin, MA

Did you know that there are three condo associations at this Franklin condo community? It’s true!

You can learn more about the Highwood Condominiums in Franklin, MA here, or by following the hotlink in the image above.

If you have questions about living at Highwood or would like to get inside some of the homes for sale there, contact Warren Reynolds by using the form below!

2019 was the seventh of the last eight years in which condo values rose at Highwood.  At $230,466, Highwood’s average sale price now is just 2.3% shy of its 2005 all-time high.  You can learn about each of the three associations that comprise the Highwood Condominiums in Franklin, Massachusetts here.

2019 sales report 

You can download the complete 2019 sales report for the Highwood Condominiums by following the hotlink at left or in the image below.

Looking the the Highwood condo units that sold in 2019, one trend is clear: buyers paid premiums for units that either offered extensive updating or which featured hard-to-find floor plans.

Of the five Highwood units that sold over asking price in 2019, three enjoyed a high degree of updating.  The other two were not as improved, but offered buyers floor plans that greatly enhanced the desirability of those units.  One was a ranch-style unit with one-level living.  The other had three bedrooms, a relatively rare find at Highwood.

Good pace of sales at Highwood in 2019

Sixteen units sold at Highwood in 2019.

2019 was the second year of declining sales volume at Highwood.   However, 2019’s sales total did nearly equal the total sales figure of the immediately prior year and exceeded the annual sales of three of the last seven years.  So Highwood’s sales volume for 2019 seems indicative of continued healthy demand for units in this prime condo community in Franklin, MA.

Have questions about condos at Highwood?

Use the hotlink at right to learn more about the Highwood condo community in Franklin, Massachusetts.  You’ll access exclusive content on life at Highwood, including informative videos of the community location and grounds.  If you have any questions about buying or selling at the Highwood Condominiums, contact Warren Reynolds!  He is a great resource for Highwood and has helped both buyers and sellers at Highwood for many years.

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It was the highest annual average sale price at Highwood since the all-time high set back in 2005.  The average sale price that year was $235,709.

Sales volume slips

Seventeen condos sold at Highwood in 2018 on MLS-PIN.

That’s a decline of 26 percent from 2017’s sales volume of twenty-three, but roughly on par with 2016’s total of nineteen and greater than the annual sales volume of 2013 – 2015.

2018 Highwood sale report

Follow the hotlink at right or in the image below to access the complete Highwood Condo sale report for 2018.

If you’re thinking of buying or selling a unit at Highwood, contact Warren Reynolds. Warren has over twenty years experience helping buyers and sellers in the greater Franklin area – he’s a great choice to help you achieve your real estate goals!

Copyright ©2019 02038.com

Living areas range between just under 1,000 sf to just over 1,400 sf.  Floor plans include two story townhomes, garden condo units and a number of one-level ranch-style homes. Exteriors are made of brick.

Video of Highwood I

Below is a video detailing the townhouse and condominium homes at Highwood I:

Unit features

Most homes at Highwood I offer two bedrooms; a few larger units have a third bedroom.

Heating is by electric heat pump; all units have central air conditioning.

No units have basements. Parking is in designated parking areas, with ample guest parking.

Balconies or patios

Most of the units at Highwood I have either balconies or patios. Some of these patios have been enclosed and turned into sunrooms.

The above photo is of an enclosed patio at Highwood I.

Wooded views

Generous spacing between buildings and full-grown trees create pleasant views and increase privacy for the homes at Highwood I.

Contact Warren Reynolds for answers to your questions about the Highwood Condos in Franklin, MA and to tour homes for sale there!

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There are 56 homes at the Highwood II condominiums in Franklin, MA. Construction began in 1981 was completed in 1984.

Video of Highwood II

The video below gives an overview of Highwood II:

Unit details

The smallest units at Highwood II are just under 1,000 sf.  The largest residences are just over 1,500 sf.

There are two-story townhomes, garden-style condo units and a number of one-level ranch-style homes.

An appealing feature of the townhouse and ranch units at Highwood II are the impressive brick fireplaces.

The majority of homes at Highwood II have two bedrooms.

Heating is by electric baseboard; cooling is via individual wall units.

Balconies, patios and extra storage

Most homes at Highwood II have balconies or patios.

A nice extra at Highwood II are the individual storage areas.

The additional storage comes in handy!

Contact Warren Reynolds for answers to your questions about the Highwood Condos in Franklin, MA and to tour homes for sale there!

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Video of Highwood III

The video below reviews the Highwood III townhouse community in Franklin, Massachusetts:

Units at Highwood III

The size of units at Highwood III ranges between just under 1,000 sf to just over 1,450 sf.  Heating is by electric baseboard.  Wall AC units provide cooling. Highwood III homes have fireplaces.

Homes there have patios or decks.

What’s different at Highwood III

Highwood III incorporates several notable changes in building plans and construction materials compared to past phases at Highwood in Franklin, MA.

Vinyl was used for exterior siding.

Garden condo units were discontinued; Highwood III has only townhouse and ranch-style units.

And many units at Highwood III offer the benefits of basements.

Many of these basements have been finished, increasing the useable living area of the units.

With its top-of-the-hill location, Highwood III was a nice way to close out construction at the Highwood condominium community in Franklin, MA!

Contact Warren Reynolds for answers to your questions about the Highwood Condos in Franklin, MA and to tour homes for sale there!

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