The first two sentences say it all: The price of living in the heart of Boston is fast approaching an average of $1 million, as condominium sales sizzle and values surge. Condominium sales in downtown Boston and surrounding sections — including Beacon Hill, the Back Bay, and the South End — jumped more than 17 [...]
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Archive for the 'Boston condo prices' category
Scott thinks the condo bubble has arrived: The median condo sale price across the state appears to have hit a new record in August, weighing in at nearly $320,000, The Warren Group reports this morning. That smokes that last high water mark, set back in August 2005, when the median price of a condo in [...]
From the BBJ on second-quarter data: Nine of the dozen downtown neighborhoods saw median prices rise. The North End saw the biggest jump to $484,500, up 21. 4 percent compared to the same period a year ago, Charlestown’s median swelled to $514,500, a 15.4 percent hike, and South Boston median prices increased to $425,000, a 12.8 [...]
Home sales rose in June across the state, driving up prices by 9 percent to $350,000 compared to a year ago, the Warren Group reported this morning. But condo sales actually declined last month by about 3 percent – and yet prices rose by 3.2 percent to $320,000. The culprit: Inventory, or lack thereof. Coincidently, [...]
The Boston Courant has a great story this week about condo fees in various neighborhoods, including a $10,000-plus/month fee at the Mandarin. The Midtown area has the highest median condo fees in the city ($900 plus), which is no surprise when you think about the Ritz condos there, etc. Back Back is above $500 while [...]
Boston South End condo sales data for the 3rd Q: 2006 – 242 sales. Median sales price $462,000 2007 – 231 sales. Median sales price $520,000 2008 – 244 sales. Median sales price $538,000 2009 – 231 sales. Median sales price $510,000 2010 – 151 sales. Median sales price $524,480 2011 – 177 sales. Median [...]
That mortgage loan prices are at historic lows is widely known (my email’s spam folder is full of reminders). What’s not as clear is why are rates so low and, more importantly, will they continue to stay low. The Wall Street Journal has a fine article out today, Reasons Why Mortgage Rates Are Staying Low, [...]
I must say I enjoyed reading this article: Cities with realistic home prices.Your thoughts?
Boston Common condos that sold in the 4th Q of 2011 compared to 2010: Number of Boston Common/Midtown sales 2011 – 27 Number of Boston Common/Midtwon sales 2010 – 26 Average Boston Common/Midtown sales price 2011 – $1,220,586.00 Average Boston Common/Midtown sales price 2010 – $1,039,838.00 Average Boston Common/Midtown sales price per sq ft – [...]