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| | * Neighborhoods covered: Back Bay, Bay Village, Beacon Hill, Charlestown, Chinatown, Fenway,Leather Dist., Midtown, N. End, Seaport, S. End, S. Bos, Theater District, Waterfront, W. End.
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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. November, 2011- As you can see from the graph at the top, the number of properties going under agreement between 10/15 and 11/15/2011 was higher than it's been in several years.
Additionally, during the 3rd quarter of 2011, there was a 21% increase in the number of condos, single family, and multifamily properties sold in the core downtown neighborhoods* (see above) of Boston, to 967 from 785 during the same period in 2010 (Source: LINK).
Total sales volume in those categories increased by 17.5%. In 2011, 3rd quarter sales totaled $569.9m compared to $464.8m (The source for this data is MLS-PIN, which only counts multilisted properties).
Median prices have increased as well. Median for 3Q 2011 was $539,620, compared to $529,500 the year before. This has more to do with increased sales of high end property than any across the board increase on like properties.
Sales of luxury properties (condos, single family, $1m+) increased in these neighborhoods by 11.7%. from 117 to 127 in the third quarter.
One of the leading reasons for this is the continued addition of jobs in the metropolitan area. In the period between July 2010 and July 2011, local employment rose 2.5%, more than twice the national growth rate. That's an additional 60,000 jobs. 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. 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 |
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Testimonials
Being a first time home buyer and having many concerns and questions, Joe was instrumental in me finding my place. He answered all my questions thoroughly and he would ask all the important questions I wanted to know, when we went to open houses. He took the time and showed me more places than I would have seen by myself. In the end, the process of buying my home went smoothly, which Joe played a huge role in.
Mike Slavonic
Boston Real Estate Blog
 | Boston Open Houses 2.5.2012
Click here to search for and print just the open houses you want. Lots read more... | | |  | Huge New Mixed Use Project for Old Herald Plant Site in South End
A potentially great new mixed use project takes a somewhat desolate read more... | | |
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