A Blog reader would like info regarding Dorchester condos.
Number of Dorchester condos for sale – 190
4/20/08 – 4/20/09 Dorchester condo sales data:
Number of condos sold – 604
Avg sales price – $186,517.00
Median sales price – $180,000
Avg price per sq ft – $162.00
4/20/07 – 4/20/08 Dorchester condo sales data:
Number of condos sold – 590
Avg. sales price – $272,783.00
Median sales price – $268,9000.00
Avg. price per sq ft – $238.00
My thoughts: Prices are dropping due to the number of foreclosures in Dorchester. Too many speculators, unqualified buyers and sub-prime mortgages. Now there’re paying the price. Sales are up as “qualified” buyers are purchasing last years condos – “pennies on the dollar”.
