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Yeah, my English isn’t so good.
Anyway, the PMI Group, which collects real estate data and makes risk assessments of real estate markets is out with their latest (quarterly?) report, ranking US cities most likely to experience a drop in housing prices.
The top riskiest cities are Santa Ana and San Diego, California, and Boston.
The index is determined in part by comparing income to home prices.
Or, in their words:
Forty-eight of the nation’s 50 largest metropolitan statistical areas (MSAs) face a greater risk of declining home prices this quarter, PMI Mortgage Insurance Co. (NYSE:PMI) announced today, but the continued strength of the national and local economies suggests that in the absence of an economic shock, the once red-hot housing market will cool gradually. Appreciation has slowed in nearly half of the MSAs as compared to last quarter. Affordability remains a problem with eight MSAs registering affordability levels considered low by historical standards, due to appreciation and higher interest rates.
My opinion? Whatever. They’re wrong in their analysis.
Source: Strong Economies Balance Increasing Risk of Home Price Declines, According to PMI Mortgage Insurance Co.’s Spring U.S. Market Risk Index; New PMI Research Demonstrates the Historical Value of Homeownership (press release from The PMI Group, by way of The Walk-through, The New York Times
Read other posts about: General real estate stories
Posted by John Ford on 04/04/06 |
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BOSTON REAL ESTATE AGENTS:
Boston real estate agents needed for our two Boston locations.
Inquiries contact John Ford @ realtyford@yahoo.com
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Boston condo sales for June 2012 - 643.
Number of Boston condos sold: 643
Average sales price for a Boston condo: $585,113
Median sales price of a Boston condo: $445,000
Average square foor price: $510.00
Average days on the market: 67
Boston Real Estate / Boston Condos
Click on the links below for Boston condo neighborhood sales listings
Boston Back Bay Condos
Beacon Hill Condos
Boston Charlestown Condos
Fenway Boston Condos
Boston South End Condos
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Back Bay Condos Sales Stats 2012
Boston Back Bay Condos 1st and 2nd Quarters 2012
Back Bay condo sales in the 1st Quarter of 2012 - 80
Back Bay condo sales in the 1st Quarter of 2011 - 82
Back Bay average condo sales price in the 1st Q of 2012 - $1,261,255
Back Bay average condo sales price in the 1st Q of 2011 - $1,306,435
Back Bay median condo sales price in the 1st Q of 2012 - $789,750
Back Bay median condo sales price in the 1st Q of 2011 - $828,895
Back Bay condo 1st Q 2012 sales price per square foot - $804
Back Bay condo 1st Q 2011 sales price per square foot - $809
Back Bay condos days on market 1st Q 2012 - 142
Back Bay condos days on market 1st Q 2011 - 133
Back Bay condo sales in the 2nd Quarter of 2012 - 170
Back Bay condo sales in the 2nd Quarter of 2011 - 118
Back Bay average condo sales price in the 2nd Q of 2012 - $1,100,149
Back Bay average condo sales price in the 2nd Q of 2011 - $1,329,678
Back Bay median condo sales price in the 2nd Q of 2012 - $761,000
Back Bay median condo sales price in the 2nd Q of 2011 - $840,000
Back Bay condo 2nd Q 2012 sales price per square foot - $787
Back Bay condo 2nd Q 2011 sales price per square foot - $823
Back Bay condos days on market 2nd Q 2012 - 80
Back Bay condos days on market 2nd Q 2011 - 133
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Beacon Hill Condos Sales Stats 2012
Boston Beacon Hill Condos 1st and 2nd Quarters 2012
Beacon Hill condo sales in the 1st Quarter of 2012 - 35
Beacon Hill condo sales in the 1st Quarter of 2011 - 25
Beacon Hill average condo sales price in the 1st Q of 2012 - $808,840
Beacon Hill average condo sales price in the 1st Q of 2011 - $852,720
Beacon Hill median condo sales price in the 1st Q of 2012 - $549,000
Beacon Hill median condo sales price in the 1st Q of 2011 - $542,250
Beacon Hill condo 1st Q 2012 sales price per square foot - $747
Beacon Hill condo 1st Q 2011 sales price per square foot - $675
Beacon Hill condos days on market 1st Q 2012 - 108
Beacon Hill condos days on market 1st Q 2011 - 198
Beacon Hill condo sales in the 2nd Quarter of 2012 - 65
Beacon Hill condo sales in the 2nd Quarter of 2011 - 69
Beacon Hill average condo sales price in the 2nd Q of 2012 - $677,684
Beacon Hill average condo sales price in the 2nd Q of 2011 - $661,045
Beacon Hill median condo sales price in the 2nd Q of 2012 - $516,250
Beacon Hill median condo sales price in the 2nd Q of 2011 - $511,750
Beacon Hill condo 2nd Q 2012 sales price per square foot - $743
Beacon Hill condo 2nd Q 2011 sales price per square foot - $686
Beacon Hill condos days on market 2nd Q 2012 - 67
Beacon Hill condos days on market 2nd Q 2011 - 80
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Brighton Condos Sales Stats 2012
Brighton Condos 1st and 2nd Quarters 2012
Brighton condo sales in the 1st Quarter of 2012 - 41
Brighton condo sales in the 1st Quarter of 2011 - 47
Brighton average condo sales price in the 1st Q of 2012 - $254,685
Brighton average condo sales price in the 1st Q of 2011 - $254,324
Brighton median condo sales price in the 1st Q of 2012 - $237,000
Brighton median condo sales price in the 1st Q of 2011 - $250,000
Brighton condo 1st Q 2012 sales price per square foot - $316
Brighton condo 1st Q 2011 sales price per square foot - $297
Brighton condos days on market 1st Q 2012 - 28
Brighton condos days on market 1st Q 2011 - 84
Brighton condo sales in the 2nd Quarter of 2012 - 91
Brighton condo sales in the 2nd Quarter of 2011 - 73
Brighton average condo sales price in the 2nd Q of 2012 - $268,434
Brighton average condo sales price in the 2nd Q of 2011 - $255,140
Brighton median condo sales price in the 2nd Q of 2012 - $255,500
Brighton median condo sales price in the 2nd Q of 2011 - $254,000
Brighton condo 2nd Q 2012 sales price per square foot - $337
Brighton condo 2nd Q 2011 sales price per square foot - $311
Brighton condos days on market 2nd Q 2012 - 59
Brighton condos days on market 2nd Q 2011 - 99
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Charlestown Condos Sales Stats 2012
Charlestown Condos 1st and 2nd Quarters 2012
Charlestown condo sales in the 1st Quarter of 2012 - 43
Charlestown condo sales in the 1st Quarter of 2011 - 47
Charlestown average condo sales price in the 1st Q of 2012 - $491,085
Charlestown average condo sales price in the 1st Q of 2011 - $485,918
Charlestown median condo sales price in the 1st Q of 2012 - $435,000
Charlestown median condo sales price in the 1st Q of 2011 - $467,500
Charlestown condo 1st Q 2012 sales price per square foot - $432
Charlestown condo 1st Q 2011 sales price per square foot - $444
Charlestown condos days on market 1st Q 2012 - 112
Charlestown condos days on market 1st Q 2011 - 125
Charlestown condo sales in the 2nd Quarter of 2012 - 115
Charlestown condo sales in the 2nd Quarter of 2011 - 72
Charlestown average condo sales price in the 2nd Q of 2012 - $474,847
Charlestown average condo sales price in the 2nd Q of 2011 - $423,006
Charlestown median condo sales price in the 2nd Q of 2012 - $452,000
Charlestown median condo sales price in the 2nd Q of 2011 - $408,500
Charlestown condo 2nd Q 2012 sales price per square foot - $438
Charlestown condo 2nd Q 2011 sales price per square foot - $437
Charlestown condos days on market 2nd Q 2012 - 81
Charlestown condos days on market 2nd Q 2011 - 60
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Fenway Condos Sales Stats 2012
Fenway Condos 1st and 2nd Quarters 2012
Fenway condo sales in the 1st Quarter of 2012 - 19
Fenway condo sales in the 1st Quarter of 2011 - 20
Fenway average condo sales price in the 1st Q of 2012 - $404,579
Fenway average condo sales price in the 1st Q of 2011 - $320,828
Fenway median condo sales price in the 1st Q of 2012 - $375,000
Fenway median condo sales price in the 1st Q of 2011 - $291,500
Fenway condo 1st Q 2012 sales price per square foot - $513
Fenway condo 1st Q 2011 sales price per square foot - $436
Fenway condos days on market 1st Q 2012 - 42
Fenway condos days on market 1st Q 2011 - 180
Fenway condo sales in the 2nd Quarter of 2012 - 79
Fenway condo sales in the 2nd Quarter of 2011 - 58
Fenway average condo sales price in the 2nd Q of 2012 - $358,981
Fenway average condo sales price in the 2nd Q of 2011 - $321,013
Fenway median condo sales price in the 2nd Q of 2012 - $360,000
Fenway median condo sales price in the 2nd Q of 2011 - $292,000
Fenway condo 2nd Q 2012 sales price per square foot - $519
Fenway condo 2nd Q 2011 sales price per square foot - $491
Fenway condos days on market 2nd Q 2012 - 86
Fenway condos days on market 2nd Q 2011 - 51
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