down-market

The number of Boston condos selling for $1 million or more fell dramatically in 2009 compared to 2008, according to early LINK numbers.

Overall, million-plus home sales were down nearly 40% compared to 2008.

But sales of Boston condos for under $100,000 jumped 46% from the year before, virtually all of that increase due to condo sales in Dorchester.

The figures show that Boston condo sales at the low end ($100,000 range) of the housing market — consisting in large part of foreclosures and “short sales” — accounted for virtually all of the sales gains last year.

The findings show, that among Boston condos sold tracked by LINK:

  • 2008 $1 million plus condo sales – 452 total.
  • 2009 $1 million plus condo sales – 286 total.
  • 2008 avg. price per sq. ft. $1 million and above $992.00.
  • 2009 avg. price per sq. ft. $1 million and above $878.00.
  • The LINK numbers do include new condo developments.
  • Please note the “official” numbers from LINK should be published next week.

    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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