A Look Back on 2022

Taylor Yates  |  November 3, 2022

Monthly feature

A Look Back on 2022

Looking back on the Boston real estate market across 2022 is like watching a roller coaster. While it’s not 2006-2008, we’ve seen the real estate market level off a bit. 

Let's look at the local markets where the Yates team has had some outstanding sales of incredibly unique properties. 


Back Bay

Back Bay is home to stunning homes reminiscent of a time when it was the place to be for the wealthiest members of Boston society. Today, walk through the streets and pass by gorgeous brownstones, quaint apartment buildings, world-class dining, and designer boutiques.  

Early and mid-2022 saw Back Bay prices experience strong growth, with two and three-bedroom homes drawing the most price growth of 16.55 and 11.7%, respectively. Back Bay is still considered a seller's market, but properties are taking a little longer to sell, and price growth is plateauing. 



Weston is an open, suburban community filled with historic homes dripping in charm. Properties in Weston are selling for 18.3% more than last year, with one-bedroom units having experienced the most price appreciation. However, since June we have seen a more typical equilibrium between buyers and sellers. 

The Yates Team proudly helped our client acquire this gorgeous colonial-style home on Chiltern Road. The house was built in 1953 and has been well maintained and tastefully updated. Our client will enjoy their gourmet kitchen, fantastic entertaining spaces, and large tree-lined yard. 

Our team was also fortunate to have the opportunity to represent the seller of this iconic Weston home. The 12,000-square-foot home is the perfect blend of traditional and modern. Every room is finished with exquisite detail, including millwork, arched door frames, and wainscotting. This property was a joy to market, and our clients were pleased with their result. 



Wellesley is another Boston suburb that has seen an impressive price climb over 2022. Homes here are generally large and have been selling quickly. Despite rising interest rates, the average sale time in 2022 has been even shorter than in 2021. Competition has been fierce.



Early 2022 was a robust real estate market in Newton as the area saw considerable price growth and a lack of inventory available. However, price appreciation began to decline at the end of the year, most likely due to rising interest rates impeding buyers' ability to qualify. As a result, buyers have a little more leverage, however, it's still considered a seller's market. 

The Yates Team helped our clients purchase two spectacular homes in Newton. The first property was a modern-transitional designed home with plenty of space for activities, entertainment, and gourmet cooking. Our client loved the spacious rooms and amazing location. 

We also represented the buyer of this striking English Tudor home that recently benefitted from a beautiful kitchen and bathroom renovation. The home was move-in ready and perfectly suited our client's wish list. 


With 2022 in the rear-view mirror, The Yates Team is excited by what this year has to hold. We are hopeful that inventory levels will pick up and buyers will have more opportunities to find the home of their dreams. 

Are you looking to buy or sell a property this year? We'd love to connect and see how we can make your 2023!

Recent Blog Posts

Stay up to date on the latest real estate trends.

Winter Curb Appeal Prep – How to Make Your Home Stand Out in Spring

Valeria Kharchenko  |  December 1, 2023

The colder winter months provide the ideal time frame for readying your home's exterior and landscaping to shine brightly come springtime.

How to Use Data to Price Your Home Just Right

Paige Yates  |  December 1, 2023

Pricing your home accurately is the most important part of selling real estate.

Is An Inspection Before Listing Worth It?

Mallory Hanig  |  December 1, 2023

Deciding whether to get a home inspection before listing your house can be a tricky decision.

Monthly feature

The Secrets to Selling a Home

Taylor Yates  |  December 1, 2023

Selling a home is often one of the biggest financial decisions a person will make – and you might only make it once in your life.

When Should I Upgrade My Windows?

Valeria Kharchenko  |  November 1, 2023

Old windows can cause high energy bills, but also can lead to health hazards such as moisture and mold.

Easy Home Upgrades That Make Your Home Look Brand New

Paige Yates  |  November 1, 2023

We all want our homes to look nice, but major renovations can be expensive. Fortunately, tere are plenty of easy and affordable projects that can make your home look b… Read more

Should You Upgrade Your HVAC This Winter?

Mallory Hanig  |  November 1, 2023

As temperatures drop and heating bills rise, you may be wondering if now is the time to replace an aging, inefficient HVAC system.

Monthly feature

Best Boston Home Upgrades that Boost Value

Taylor Yates  |  November 1, 2023

Boston is one of the oldest major cities on the East Coast, home to many charming historic homes ripe for modern touches. However, not all of them are living in the 21… Read more

Does Adding Square Footage Give You the Best ROI when You Sell?

Paige Yates  |  October 1, 2023

Does extra space actually give you the biggest bang for your buck?

Work With Us

We bring decades of experience to transactions large and small and treat every client with the high level of service they deserve. Whether your goal is to build, buy, or sell a home, I would be honored to serve and help you with your real estate needs!