The following is an email that was sent to me from 45P: “45 Province Street real estate transactions since the new marketing team took over. . 6 contracts – 3 closed and 3 U/A.”
45 Province Street sold listings for June and July 2010:
6/25/10 – #901
List Price – $1,200,000
Sale Price – $1,140,000
Sq ft – 1615
Bedrooms [...]

Boston Massachusetts Mortgage Rate Update is a resource for potential Homeowners and current Mortgage Borrowers to understand what economic data is relevant and what the situation is with mortgage Interest Rates. Brian Cav will provide a opinion as to whether you should lock or float your Home Mortgage.

The question of owning versus renting is something Nicolas Retsinas has studied quite a bit. He co-directs the Joint Center for Housing Studies at Harvard University. Retsinas sat down with WBUR to answer some questions about who should own and when.
Click here to listen to the interview
Click here to read the interview.

Boston neighborhoods and the number of sales – 2010:
Back Bay Condos 2010 – 93 sold.
Back Bay Condos 2009 – 55 Sold.
Beacon Hill Condos 2010 – 29 sold.
Beacon Hill Condos 2009 – 20 sold.
Charlestown Condos 2010 – 38 sold.
Charlestown Condos 2009 – 19 sold.
Dorchester Condos 2010 – 130 sold.
Dorchester condos 2009 – 110 sold.
Fenway Condos 2010 [...]

Boston South End Condo Sales – 1/1/10 – 3/10/10
Number of Boston South End Condos Sold: 53
Avg. Boston South End Sales Price: $611,351
Median South Emd condo Sales Price: $575,000
Avg. $/SF: $544
Avg. DOM: 134
Boston South End Condo Sales – 1/1/09 – 3/10/09
Number of Boston South End Condos Sold: 44
Avg Boston South [...]

South End condo sales comparing Jan & Feb 2010 with the same dates in 2009.
Sold Statistics 1/1/10 – 3/1/10
Listings: 43
Avg. $: $647,852
Median $: $597,000
Avg. $/SF: $551
Avg. DOM: 123
Sold Statistics – 1/1/09 – 3/1/09
Listings: 41
Avg. $: $554,098
Median $: $505,000
Avg. $/SF: $544
Avg. DOM: 116
Hmm … both median [...]

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 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.

From David Streitfeld at the NY Times: U.S. Housing Aid Winds Down, and Cities Worry
Streitfeld discusses the Fed’s Mortgage Backed Securities purchase program (scheduled to end next month), the housing tax credit (contracts must be signed by the end of April, and deals closed by the end of June), and the slight tightening of [...]

James Hagerty at the WSJ writes about existing home inventory: Housing Momentum Builds but Perils Persist
Inventories of homes listed for sale are down sharply across the U.S. and have reached very low levels in some areas … The decrease in supplies has sparked a return of bidding wars on lower-end properties in some neighborhoods, [...]