Someone sent us this S&P Case-Shiller chart of Boston home prices dating back to the late 1980s.

Granted, it only goes up to November 2011 in contemporary times, but it’s definitely close enough to get an accurate historical picture of what’s happened over the years.

The recent housing market plunge was quite real and sharp. But take a look at the early 1990s, after the Massachusetts Miracle bubble popped. Holy price plunge, Batman! Also, in the third chart, notice how prices sure scraped the bottom of the market for a while (about five years) and how long it took for prices to recover from their pre-bubble highs back then (answer: about 13 years).

Of course, for those of us old enough to remember the early ’90s (if dimly), it’s hard not to day dream about what could have been, financially, if one had invested big-time when the market was at its bottom back then. Then again, someone 20 years from now may be looking at a future chart and saying the same thing about today’s prices. Who knows where the market is truly going in the long run?

File under: Holy historical price numbers

Author Profile

John Ford
John Ford
EXPERIENCE

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.



HISTORY

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.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
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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