Boston Real Estate for Sale

The good people at The Warren Group were kind enough to send along some detailed foreclosure information for neighborhoods within Boston.

According to them, here’s how the first quarter looked, in Boston.

Allston 2007 2008 YTD petitions to foreclose 4 5 YTD auctions 1 9 YTD foreclosures 1 3 Boston* 2007 2008 YTD petitions to foreclose 23 45 YTD auctions 12 12 YTD foreclosures 5 3 Brighton 2007 2008 YTD petitions to foreclose 7 22 YTD auctions 4 7 YTD foreclosures 2 1 Charlestown 2007 2008 YTD petitions to foreclose 6 12 YTD auctions 2 4 YTD foreclosures 0 1 Dorchester 2007 2008 YTD petitions to foreclose 253 326 YTD auctions 169 257 YTD foreclosures 51 171 East Boston 2007 2008 YTD petitions to foreclose 44 85 YTD auctions 20 28 YTD foreclosures 5 22 Jamaica Plain 2007 2008 YTD petitions to foreclose 17 39 YTD auctions 14 20 YTD foreclosures 3 6 Mattapan 2007 2008 YTD petitions to foreclose 55 83 YTD auctions 42 61 YTD foreclosures 10 19 Roslindale 2007 2008 YTD petitions to foreclose 34 54 YTD auctions 23 27 YTD foreclosures 6 22 Roxbury 2007 2008 YTD petitions to foreclose 65 73 YTD auctions 30 59 YTD foreclosures 7 31 South Boston 2007 2008 YTD petitions to foreclose 26 39 YTD auctions 8 20 YTD foreclosures 6 9 West Roxbury 2007 2008 YTD petitions to foreclose 24 24 YTD auctions 9 12 YTD foreclosures 4 4

* “Boston” is defined as Downtown, Back Bay, South End, North End and the Waterfront.

“Petitions to foreclose” are when the bank sends you a letter saying you’re at least 30 days past due. “Foreclosure” is when the bank says you gotta vacate (and it has the option of evicting you, anytime after that). “Auction” is the bank selling “your” home.

And, from the Globe’s real estate blog, more analysis:

Boston already has recorded 306 foreclosures this year, far more than any other Massachusetts city. But it doesn’t make this list [of most foreclosures per 1,000 residents]. Boston ranks 35th, between Framingham and Whitman. The city’s problems just aren’t that large relative to its size.

Boston’s problems are concentrated in Dorchester. If Dorchester was (still) a city, the 171 foreclosures within its limits would top the state list, more than in the rest of Boston combined, and just more than the 166 foreclosures in second-place Worcester.

95 cities and towns have yet to record a foreclosure in 2008. Brookline is the largest, followed by Lexington and Winchester.

Source: The Warren Group

Also: Foreclosures plague second-tier cities – Boston.com

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