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 – $975,000.00 median sales price
up +26.62%
2009 – $750,000.00 median sales price
down -23.08%
File under: “What goes up must come down.”