Boston Real Estate Market Report

South End Boston Real estate market
Back Bay Boston Real estate market
Beacon Hill Boston Real estate market
Midtown Boston Real estate market
Leather District Boston Real estate market
Seaport District Boston Real estate market
Charles Town Boston Real estate market
North End Boston Real estate market
Waterfront Boston Real estate market
Fenway Boston Real estate market
West End Boston Real estate market
South Boston Boston Real estate market
City Guide
Boston buildings
Luxury Boston condo sales
 
* 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.
Downtown Boston real estate market median sale prices
Boston real estate median prices

The links to the left will give you additional info on the individual neighborhoods. 

May 8, 2012- As you can see from the graph at the top, the downtown real estate market continues to outpace the previous 3 years as indicated by the number of pending sales. Median prices remain quite strong. Inventory (condos and single families) in the core downtown neighborhoods is 930 as of 5/8/2012, a 31.7% drop from the same time last year (1358). (Source MLS-PIN)

So far for 2012, there has been a 10.3% increase in the number of properties sold year-to-date in the core downtown neighborhoods* (see above) of Boston, to 808 from 732 during the same period in 2011 (Source: LINK).

Sales of luxury properties (condos, single family, $1m+) increased by about 6.9%, from 130 to 139 over the course of the year so far. (Source LINK)

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.

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

Testimonials
"I really wanted to put pen to paper (or at least ink jet to paper) and express my thanks for your help with my relocation from Detroit to Boston.

I would be happy to recommend you to any prospective clients, and they can call me any time.

I appreciated very much your patience with me and your ability to work around my busy schedule.  We made a lot of progress during my initial stays in town before Rachel (my fiancé) arrived to Boston.  We were then able to hit the top properties and quickly move through the whole final review, proposal, counter-offer and acceptance process in as short a time as possible (since my company allowance was running out).  Your friendly demeanor and “get it done” attitude was recognized and appreciated.

As far as helping with the search, I cannot stress enough how much we love our new condo.  Your searches were right on the money as far as what we were looking for—and there was indeed a fairly lengthy list of attributes that we wanted in our new home.  I looked forward to receiving your daily e-mail updates of new properties matching our criteria, and reviewed them with excitement each and every morning.  Of course, your knowledge of the local areas helped tremendously, since the market here in Boston is worlds apart from what it is in Detroit.  Thanks for the restaurant tips too!

In sum, I will be calling you when the time is right and need to upsize.  In the meantime, I wish you the best of luck."

Dean Macko
Boston Real Estate Blog
700 Harrison, Luxury South End Boston 1 Bedroom Condo Under Agreement.
700 Harrison Avenue #513 went under agreement after only 10 days on read more...
 
Downtown Boston Real Estate Market Continues To Be Very Active
May 8, 2012- As you can see, the downtown Boston condo and single read more...