The median price for single-family homes in Massachusetts shot up in January when compared to the same month last year, driven by low mortgage rates, tax credits and an improving economy.

The Massachusetts Association of Realtors said Tuesday that the median price of a single-family home jumped 14.1 percent in January compared to the year-ago period, to $300,000 from $263,000.

The Warren Group, a Boston-based tracker of real estate data, said the median price rose 9.6 percent over the year to about $285,000.

The two organizations use different calculation methods, but both reported that it was the second consecutive month of increasing prices.

Both groups also reported a double-digit surge in condominium prices, and a significant increase in the number of homes sold.

The following are excerpts from the Boston Herald:

Sales of single-family homes jumped 11.8 percent to 2,153 last month, up from 1,926 in January 2009 – posting double-digit percentage increases for the fourth month in a row, according to The Warren Group’s latest data released this morning.

Condominium sales and median prices also surged last month. Condo sales soared 25.3 percent to 1,011 in January from 807 a year earlier. Condo sales have climbed by more than 10 percent year-over-year for four straight months.The median condo price jumped 16.7 percent to $245,000 from $209,900 in January 2009. It was the third straight month that median condo prices increased year-over-year.

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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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