“Fighting” Joe Wolvek, a past co-worker of mine in Coldwell Banker’s South End office, has a great website where, among other things, he breaks down sales data by quarter, for each neighborhood in Boston.
He just (finally) put up data for first quarter, 2006, and beyond, up until May 30, 2006.
The data is very helpful, if you want to get an idea of where things stand, in each of Boston’s neighborhoods.
Now, mind you, the data is FACT. It doesn’t say what is going to happen tomorrow, or next week, or next year.
It’s what’s known as “empirical data”, and as we all know, empirical data doesn’t lie.
You’ll yell and argue that the data is skewed or biased, or even out-right wrong, but it isn’t.
The fact of the matter is that in many of the neighborhoods covered in these pages, $ per square foot was actually up over the previous 1st quarter.
Neighborhood asking/selling differentials in most neighborhoods were still in the 95-100%+ although that has moved a bit.
Meaning that, for buyers in downtown Boston, even though there is a huge inventory of available properties in all price ranges (well, except under $200,000), you’ll need to hold off longer, if you expect prices to drop.
More information: Boston Realty Web – Joe Wolvek’s website