A blog reader has a good question regarding the stats on Boston Midtown condo sales. In a recent LINK data report it stated that sales prices decreased by 47.94%. Can it be that only smaller units are selling? What were the avg. price per sq. ft. for the last several years?
Boston Midtown condo sales per [...]

With the economic slowdown, people are staying closer to home. People are moving less than at anytime since 1962. Even immigration has slowed down.
From the The Wall Street Journal:
We are normally thought of as a country on the move, but now all levels of migration have almost come to standstill,” said William Frey, a [...]

Trulia has recently added a tool that allows potential buyers to view price reductions for each property listing on their site. Buyers can also narrow their search to include only homes that have seen price cuts. So I checked out Boston for price reductions and found the following.
Boston condo price reductions
Last seven days – 41 [...]

Yesterday, I blogged about the downturn in sales and prices in some of Boston’s neighborhoods. Now here’s the flip side.
For the last three years, Back Bay condo sales prices have increased. Check these stats out.
Back Bay avg. condo sales price
2003 – $801,628.00 which is a 10.26% increase from 2002.
2004 – $971,526.00 +21.26%
2005 [...]

Boston’s luxury real estate market is finally feeling the pain of the housing downturn.
Read more: Boston Globe

The number of Boston condo sales in almost every neighborhood is down for the 1st Q 2009 compared to the 1st Q in 2008.
Neighborhood
Back Bay…………………… -38.75%
Beacon Hill………………… -34.14%
Charlestown……………… -14.92%
Fenway…………………… -22.58%
Leather District …………. -23.08%
Midtown………………….. -66.67%
North End………………… -40.91%
Seaport………………….. +35.71%
South Boston……………. [...]

So depressed by 2009 1st Q Boston condo sales results. Real estate agent jumps off a 3 ft bridge with his Sunday Open House Ballons

Home prices won’t stabilize until late 2010 and will fall another 12.5% from the end of 2008, according to a Fitch Ratings analysis. The projection revises a 10% decline that Fitch had forecasted from the second quarter of 2008.
The Fitch report cites limited refinancing opportunities and weak unemployment as the primary forces behind the [...]

Is anyone buying at the Ritz? Midtown meltdown
Boston Common/Midtown condo prices down -47.94%
Boston Midtown median condo prices 1st Q – 2003 – 2009
2003 – $560,000.00
2004 – $739,000.00 +31.96%
2005 – $692,000.00 -6.29%
2006 – $1,120,000.00 [...]

Comparing median sales price for the 1st Q – 2003 through 2009.
2003 – $250,250.00
2004 – $291,000.00 +16.28%
2005 – $250,000.00 -14.09%
2006 – $279,900.00 +11.96%
2007 – $320,000.00 +14.33%
2008 – $330,000.00 +3.13%
2009 – $298,750.00 -9.47%
Good news or bad news? I guess it all depends if your [...]