The following data is from MLS.
Back Bay condo sales for ’07 compared to ’08.
Back Bay number of sales in ’07 – 453
Back Bay number of sales in ’08 – 404
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Back Bay average sq. ft. price in ’07 – $805.00
Back Bay average sq. ft. price in ’08 – $887.00
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Back Bay average sales price in ’07 – $863,823.00
Back Bay average sales price in ’08 – $973,688.00
I’m sure a lot of blog readers will be surprised to see that the avg. sales price and sq ft. price went up from last year.