boston-real-estate-market

Which Boston neighborhood had the biggest decline in home prices since 2005?

If you guessed Dorchester or Mattapan, areas that have been hard hit by the foreclosure crisis, you’re wrong.

It’s Allston. Allston’s median home price peaked at $471,500 in 2005, according to data from The Warren Group. Last year, the median plunged to $270,000. That’s a 43 percent decrease! Mattapan, East Boston and Dorchester have also had double-digit percentage declines from 2005 through 2008.

Source: Warren Group

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