Banker & Tradesman reported today that foreclosure prevention counselors have been noting in recent months that the problem has now spread to more affluent nabes.

A quick check at some of the foreclosure auctions that have taken place in the last year throughout the Bay State shows there has been a spike in the number of single-family homes and condos that have been auctioned for $800,000 and higher.

There were 54 auctions where the selling price fell into that category from March 1, 2009 to Feb. 28, 2010, according to stats from Banker & Tradesman (via Warren Group). That’s up 64 percent from 33 auctions of single-family homes and condos that went for $800,000 or more between March 1, 2008 and Feb. 28, 2009.

And it’s been noted that ritzy areas like Nantucket, Concord, Wellesley, Weston and Brookline had more foreclosures in 2009 than they did the prior year.

The Warren Group’s new foreclosures numbers come out next week — it will be interesting to see what they will reveal.

File Under: What’s happening to my luxury “en fuego” sales?

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.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



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



Call Now