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Archive for the 'Boston condo' category


Boston Condo Sales $300,000 and below

Comparing Boston condos sales for $300,000 and below.
Jan & Feb 2008 Boston condo sales $300,000 and below
Number of condo sales – 189
Avg. price per sq ft – $345.00
Avg. days on the market – 99
Jan & Feb 2009 Boston condo sales $300,000 and below.
Number of condo sales – 221
Avg. price per sq ft. – $230.00
Avg. days [...]



Pending Home Sales Up for Eighth Straight Month in February

The Massachusetts Association of REALTORS® (MAR) reported yesterday that the number of single-family homes put under agreement in February was up 16 percent over the same time last year, while condominiums were up 25 percent. February marks the eighth straight month that the number of both single-family homes and condominiums put under agreement had [...]



Boston Condo Inventory

The number of condos for sale on Feb 26, 2009 – 1,758.
The number of condos for sale on Feb 26, 2010 – 1,826.
So far, no signs of “shawdow inventory” flooding the market.
Source: MLS.



How long does it take to sell a Boston condo?

Well, that all depends on the price range.
$300,000 – and under: 148 sold. 106 days on the market.
$301,000 – $600,000: 144 sold. 115 days on the market.
$601,000 – $900,000: 31 sold. 132 days on the market.
$901,000 – $1.400,000: 21 sold. 116 days on the market.
$1,401,000 – $2M: 11 sold. 92 days on the market.
$2mil plus: [...]



Mortgage-delinquency rate hits record high

The mortgage-delinquency rate may be easing across the country, but not in Massachusetts. It’s once again at a record high.
What gives? Isn’t the Massachusetts housing market supposed to be in better shape than the rest of the nation? There might be an explanation:
MBA researcher Mike Fratantoni blamed Bay State borrowers’ blues on everything from rising [...]



Boston condo tax credit recipients can’t e-file

It’s not like I would ever say that free money isn’t worth it, especially when it’s a tax credit of up to $8,000. But I still doubt that first-time homebuyers who got their chunk of the housing kick-start are jumping for joy that they won’t be able to e-file come April.
As if it’s not hard [...]



Boston Parking Spaces

According to LINK, the number of parking spaces that sold in downtown Boston during 2009 was 65, down from a 2008 volume of 97. Average sales price fell slightly to approximately $94,000, and median sales price rose slightly to $67,000.
2009 Boston Parking Space Sales Statistics:
Number Sold: 65
Average: $94,420
Median: $67,000
Average DOM: 132 days
2008 Boston Parking Space [...]




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