Boston condo sales stats Jan & Feb 2010 compared with 2009.
Sold Statistics – Jan/Feb 2010
Listings Sold: 442
Avg.: $486,358
Median: $319,375
Avg. $/SF: $427
Avg. DOM: 133
Sold Statistics – Jan/Feb 2009
Listings Sold: 394
Avg. $: $377,994
Median $: $276,250
Avg. $/SF: $350
Avg. DOM: 114

The headlines in today’s newspapers state that: “Housing sales fall by 16.7%” But how did the Boston condo market do? Well, according to LINK December ‘09 sales were up compared to the same month in ‘08.
According to sales numbers tracked by LINK:
December 2009
Number of Boston condo sales – 363
Avg. Boston condo sales price – $463,074.00
Median [...]

According to ZIP Realty survey, the percentage of homes (Boston area) whose prices have been reduced as of 10/31/09 was 46.1%.
The percentage of change in the number of homes listed for sale at the end of October compared to a month earlier is a negative -3.7%.
View today’s new Boston condos for sale

From the Boston Globe:
The volume of signed contracts to buy previously occupied homes rose for the eighth straight month in September as buyers scrambled to take advantage of a tax credit for first-time owners that expires at the end of this month.
The National Association of Realtors said Monday its seasonally adjusted index of sales agreements [...]

The following is from LINK – 2nd Q sales for Boston Waterfront condos.
2003 – $422,500.00 median condo sales price 2nd Q
down -12.80% from the year before.
2004 – $550,000.00 median condo sales price
up +30.18%
2005 – $676,000.00 median condo sales price
up +22.19%
2006 – $685,000.00 median condo sales price
up +1.33%
2007 – $770,000.00 median condo sales price
up +14.07%
2008 – [...]

A blog readers emailed me and wanted to know how South End condo sales are doing this year compared to last.
Here’s your answer:
1/1/09 – 7/9/09
South End condo sales – 258
1/1/08 – 7/8/08
South End condo sales – 447
Average South End sales price ‘09 – $594,637.00
Average South End sales price ‘08 – $639,700.00
Median South End sales price [...]

Can real estate negotiations be conducted entirely via e-mail? How much and what kind of information can be shared online? Are there times when agents and clients should put their BlackBerrys away and pick up the telephone? Are exclamation points and smiley faces unprofessional?
Your thoughts?
Read more: NY Times
View today’s new Boston condo listings

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 [...]

Today’s Boston Globe has an article on how low mortgage rates, falling prices, and a tax credit are luring first-time buyers into the market.
Karl Case, co-founder of the SP/Case-Shiller home price index is stated as saying “The lower end is where the action is.”
read more Boston Globe

Should I dare say, this is good news about the stock market (housing) today and NOW is the time to get off the sidelines and buy a Boston condo.
Is it possible that Bradley one of my blog readers a Boston real estate blog reader – who’s long held prediction will now come true.
I wonder [...]