Pricey properties in some of Boston’s toniest zip codes are stalling in sales.
The number of homes, including single-family, multi-family and condos, that sold for $1 million or more in Boston last month fell to just 14, from 27 in Janaury, 2008, according to LINK.

Here’s a sinking thought. In Lawerence MA, 1 of every 16 properties has been foreclosed since the start of 2006.

According to the American Community Survey, 83.5% of Americans in 2005-07 lived in the same home that they had a year earlier. This was higher in the Northeast, and it was at 85.9% in Massachussetts, the seventh highest in the nation.
The question is, does the low mobility rate in Massachusetts represent a population that’s satisfied [...]

There has an interesting article in today’s Boston Gobe regarding our local banks credit crunch.

Crashing home prices have led to the most affordable housing market in at least five years, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday.
According to NAHB 4th Q 2008 affordable home survey, Boston-Quincy was ranked 168 out of 222 areas surveyed. It also stated that the share of affordable [...]

In the last seven days 61 Boston condos went under agreement. The average days on the market 115.
This week 14 Boston condos sold according to MLS. The average list price was $493,582.00 and the average sales price was $481,582.00
The least expensive Boston condo sold was in Dorchester for $67,900, the most expensive was in the [...]

From House Savey web site:
In the Greater Boston market, the number of sales is down 9.8% year-to-year. It is worth noting that the number of sales began to increase in March 2008, peaked in June 2008, then began to drop off a bit; October 2008 was the final month of a relatively healthy sales period [...]

Here’s something I’ve been thinking about regarding the stimulus pacakage: Supposedly we got ourselves into this economic mess by spending ourselves into oblivion. Economists, financial advisors are telling us we should’ve behaved more intelligently with our money.
But the federal stimulus package will shower us with millions if not billions in tax cuts so we can, [...]

From the Warren Group:
The Warren Group released its January foreclosure numbers today and unfortunately, the picture hasn’t changed much.
The number of foreclosure deeds recorded throughout Massachusetts was up in January compared to a year ago and the previous month. Since October, there has been an average of about 950 foreclosures a month.

One of my blog reader’s requested information on Brighton sales data:
Brighton condos – sales from 1/1/09 – 2/15/09
Number of condos sold – 14
Avg. sales price – $271,750
Med sales price – $247,500
Brighton condo – sales from 1/1/08 – 2/15/08
Number of condos sold – 10
Avg. sales price – $233,700
Med sales price – $216, 950
Brighton Single-family – sales [...]