The links to the left will give you additional info on the individual neighborhoods. If you'd like to comment on any of this please visit my blog. Let me know what you think. February 2012- As you can see from the graph at the top, the first month of the year was quite active as judged by the number ofpending sales. Median prices are still quite strong. The big twin stories for the new year are continued tight inventory and increased sales activity over last year (not too surprising given the weather). The spring selling season has already sprung, and if you've been considering selling this spring, you don't have to wait. Someone wants to buy your home now. The market is absorbinginventory at a very high rate. During the second half of 2011, there was a 13% increase in the number of condos, single family, and multifamily properties sold in the core downtown neighborhoods* (see above) of Boston, to 1673 from 1480 during the same period in 2010 (Source: LINK).
Median sales price for those categories increased about 5%. In 2011, 2nd half sales median price was about $577,000 compared to $550,000 for 2010. Boston continues to add jobs as the local economy continues to perk up. Additionally, as has been well documented, interest rates have been at historic lows. 30 year fixed rate mortgage loans have been available for well qualified borrowers in the mid to high 3%'s. Sales of luxury properties (condos, single family, $1m+) was up slightly, from 450 to 465 over the course of the entire year. Please contact me for assistance in purchasing or selling real estate in Boston. Feel free to call me at 617 584 9790 or click here to contact me |