Comparison of 2008 to earlier years. Period is from 01/01 – 07/15 for each year. 2008 Total Properties Sold: 337 Avg Days on Market: 98 Average Sales Price: $685,826 Average Final List Price: $705,037 Average Original List Price $716,169 Lowest Price: $237,000 Median Price: $590,000 Highest Price: $2,350,000 Average Price: $685,826 Total Market Volume: $231,123,500 [...]

The Senate and the House of Representatives appear close to approving a $300 billion government rescue plan to help homeowners facing foreclosure. Lou Barnes seems a bit skeptical about it: Then there is this week’s housing bill. Barney Frank and Chris Dodd’s egomaniacal dream is going to fall flatter than Phoenix vacant land, so flat [...]

All you naysayers are wrong about the RKG, I am happy (and surprised) to report. Walking through there, earlier this afternoon, I was pleased with what I saw. Mostly. Some photos, plus short, pithy comments above each photo. (I am serious that it’s getting better. Plenty of people walking through there. Plus it’s clean. And, [...]

The following information is from the local MLS database, as of July 26, 2008, compared to (July 19, 2008) (and July 28, 2007, where available). Total # of condos for sale in the city of Boston: 2,191 (2,227) (2,395) Average # of days on market: 133 (131) (125) Number of condos sold (closed) over past [...]

Just about every day, people end up on my site after searching on: When will the housing market improve? But, I guess people are getting a bit cynical out there? Today, someone searched on: Will the housing market improve? Ho-hum.

Courtesy a local cub reporter. A BTD car, outside city hall.

Thanks to readers for making the Boston Real Estate Blog the tenth eleventh most-popular local real estate website.

1330 Boylston is an apartment building currently under construction in Boston’s Fenway neighborhood. There are units set aside as “affordable” meaning renters must meet income qualifications. The limits are pretty high – around $60k for a single person, $68k for a couple. From the Boston Redevelopment Authority: We wanted to make you aware of the [...]

According to Banker & Tradesman: A plan to move a Boston performing arts high school from the Fenway to the Theatre District could give the Red Sox a chance to expand their real estate holdings around Fenway Park. Boston Mayor Thomas M. Menino wants to build a new Boston Arts Academy on a city-owned parking [...]

Here is a guest post from David Silverman, mortgage broker and Senior Vice President of Sherwood Mortgage Group. Sherwood Mortgage has been in business since 1981. They have several local branches, including one at 437 Columbus Ave, in Boston’s South End neighborhood. Mortgage loans remain available for those with strong credit Starting in 2002, when [...]