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 – [...]

There’s a saying: You cannot hold back a surging tide and apparently, Boston real estate brokers couldn’t hold back the housing tidal wave slump from hitting the South End. Boston South End condo sales for the 4th Q. Number of South End condo sales 4th Q 2011 – 132 Number of South End condo sales [...]

Boston condo price reductions based on MLS data. BOSTON CONDO ASKING PRICES  Boston condo price reductions, last 60 days.   Number of Back Bay condo listings – 187/# price reductions  -4 Number of Beacon Hill condo listings – 57/# price reductions – 1 Number of Hyde Park condo listings – 22/# price reductions – 1 Leather District [...]

A friend reports that a Brighton couple who just bought their modest condo in 2007 had to sell this winter to relocate for a job. The young couple was naturally concerned about selling in winter, and in this market — and in Brighton. As it turns out, they didn’t have to worry. First, they had [...]

Numbers that came out yesterday from the Warren Group and and Massachusetts Association of Realtors paint a similar picture. Statewide,  single-family home sales are increasing while prices continue to drop. In other words, it finally seems like we’re hitting the trigger point in the market where prices drop to the point it’s getting buyers off [...]