The August numbers are in: Sales of single-family homes are up across the state, while prices are down. Verdict: So-so. But check out the condo market. Verdict: Not good.
Any thoughts? The data needs more crunching. Help out.
P.S. More data at Banker & Tradesman.

Boston Real Estate:
In the face of a luxury condo auction less than four blocks away (see Bryant Back Bay to Auction 10 Luxury Condos), listing prices at the Atelier 505 building, the South End’s first large-scale luxury condo development, are actually being adjusted up, rather than down.
Unit 307 at Atelier 505 was listed for sale [...]

According to LINK several units so far have sold at the Bryant with an average sales price per sq ft of $881.00. The last unit to sell was on 8/28/09 which was unit #503. The asking price was $1,990,000 and sold for $1,575,000 the avg sales price per sq ft for this unit was $740.13.
So [...]

If you’re in the market to buy a Boston condo you may want to read this article from the New York Times:
STATES have taken the lead in adopting laws to protect consumers from some of the problem loans that helped trigger the home foreclosure crisis, but the federal government is now stepping up its efforts.
On [...]

Don’t run around reassuring people that the $8,000 first-time-home buyer tax credit will be extended. It’s not a done deal.
But the legislative momentum is moving in that direction – with a bill moving forward that would extend the tax credit to military, Foreign Service and intelligence-agency personnel through 2010.
After motherhood and applie pie, our military [...]

Janet Lamb an agent in my office conducted a Sunday open house. The address was at 286 Cambridge Street for $288,000.00. Overall she said she had a good outcome of first time homebuyers approx. Ten potential buyers showed up.
Did you view or conduct an open house? Boston Real Estate Blog readers would be interested in [...]

Don’t click on this video, unless you want to hear Barney Frank talk about “skinny dipping” with his boyfriend
File under: I warned you

For some sellers the recession continues. This week a South End condo sale.
416 Massachusetts Ave # G purchased on 6/13/05 for $865,000.00
Sold on 9/21/09 for $775,000.00
Assessed at $832,000.00
Hmm….I wonder how many Boston condos are being sold below assessed value.
Source: LINK

Boston South End median sales price.
1/1/07 – 9/27/07 – $525,000.00
1/1/08 – 9/27/08 – $541,750.00
1/1/09 – 9/97/09 – $510,000.00
Source: LINK
File Under: Buyers – “Patience is a virtue”

Here’s a very simple idea on how to make millions of dollars in Boston real estate.
According to LINK records Mr. Andrew Prague purchased a condo at The Mandarin #12 B on 10/8/08 for $8,700,000.00 with a $4,400,000.00 mortgage from the First Republic Bank.
Yesterday, Coldwell Banker listed Mr. Prague condo at The Mandarin for $13,700.000.00 [...]