Boston Real Estate Blog, Boston Condos » Boston condos ‘09

Boston real estate blogs versus Twitter & Facebook

John Ford — Tue, 22 Feb 2011 18:14:20 +0000

The New York Times has an article called, “Blogs Wane as the Young Drift to Sites Like Twitter.”

So here’s my question to you. Do you think that social media (Twitter) updates will replace real estate blogs? Share your thoughts. Would Twitter and Facebook updates be more enticing for you to read instead of more lengthy real estate blog posts. I like to keep up with technology, but sometimes hard habits (like blogging) are to break.

From the New York Times:

“Blogs were once the outlet of choice for people who wanted to express themselves online. But with the rise of sites like Facebook and Twitter,” writes Verne G. Kopytoff. “They are losing their allure for many people — particularly the younger generation.”

File Under: Time to start working on Facebook.

Comparing Jan/Feb Boston Condo Sales Stats

Ford Realty — Sun, 28 Feb 2010 10:47:14 +0000

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

Boston Condo Sales – December ‘09 Numbers

Ford Realty — Tue, 26 Jan 2010 14:40:33 +0000

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 Boston condo sales price – $355,000.00

December 2008
Number of Boston condo sales – 309
Avg. Boston condo sales price – $456,854.00
Median Boston condo sales price – $305,000.00

Hmm … Number of sales, avg sales price, and median sales price are all up.

File Under: Hallelujah!

Boston MA Real Estate

Ford Realty — Thu, 05 Nov 2009 14:27:11 +0000

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

Pending Home Sales

Ford Realty — Tue, 03 Nov 2009 06:48:31 +0000

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 rose 6.1 percent from August to 110.1. It was the highest reading since December 2006 and more than 21 percent above a year ago. Economists surveyed by Thomson Reuters expected the index would be level at 103.8.

Typically there is a one- to two-month lag between a contract and a done deal, so the index is a barometer of future sales.

The housing market has been rebounding from the worst downturn in decades, aided by an aggressive federal intervention to lower mortgage rates and bring more buyers into the market.

Completed home resales rose in September to the highest level in more than two years as buyers scrambled to complete their purchases before the tax credit of up to $8,000 for first-time owners expires on Nov. 30.

Congress is moving to extend the credit to buyers who sign sales agreements by April 30. Lawmakers also want to add a $6,500 credit for buyers moving into other homes as long as they have been living in their current residence at least five years.

With foreclosures continuing to surge, “an extended and expanded tax credit would help absorb this incoming inventory,” Lawrence Yun, the Realtors’ chief economist, said in a statement.

Pending sales were up 10 percent in the West and 8 percent in the Midwest. They were up 5 percent in the South and were down 2 percent in the Northeast.

File Under: Real estate recession over?