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.”

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