Housing experts routinely point out that bank-owned and other distressed property sales are dragging down home values in many parts of the country.

What’s happening here in Massachusetts?

The Warren Group reported yesterday that median price for single-family homes sold in Massachusetts during the first four months of 2009 was $257,450. If the lender-owned single-family home sales transactions were taken out of the equation, the median price would have been $273,000 – or $15,550 higher, according to an analysis from The Warren Group.

Meanwhile, the median selling price of the lender-owned single-family homes that have sold so far this year was only $100,000.

A total of 752 single-family homes, or 8.5 percent of the single-family homes that sold from January through April, were lender-owned, according to The Warren Group. That’s up from 538 home sale transactions, or 5.3 percent of sales, during the same months last year.

Source: Warren Group

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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