Gurbachan Si…, Other/Just Looking in 19001

I need to know if prices in boston, cambridge, watertown have gone down

Asked by Gurbachan Singh, 19001 Fri Jun 29, 2007

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Answers

2
Cambridge:
Last year
SF's
110 sold
Median Price: $844,250

Condo's
713 sold
Median Price: $421,500

3/8/2010 - 3/8/2011
SF's
129 sold
Median Price: $835,000

Condo's
662 sold
Median Price: $425,000

Watertown:
Last Year
SF
78 sold
Median Price: $431,250

Condo's
152 sold
Median Price: $327,000

3/8/2010 - 3/8/2011
Condo's
187 sold
Median Price: $320,000

SF's
75 sold
Median Price: $480,000

Boston is a very large city so you are better served getting statistics for individual neighborhoods. If you want to post the specific neighborhoods here we can help you.

Boston:

Last Year
SF's
865 sold
median price $355,000

Condo's
3543 sold
median price $385,000

3/8/2010 - 3/8/2011
SF's
901 sold
Median Price: $365,000

Condo's
3634 sold
Median Price: $373,250
Web Reference: http://territory.com
0 votes Thank Flag Link Thu Mar 8, 2012
The first quarter results across the state for single family home sales show that the number of sales rose 2.8 percent over a year ago. The median sales price did decline but only by 1.1 percent per Doug Azarian who is the 2007 President of the Massachusetts Association of Realtors. Inventory levels are about 9 months worth of supply, down from about 15 months last fall. This is a real sign that the market is stabilizing. With interest rates still historically low and sales prices down somewhat it is a great time to buy. The most recent statistics for condo sales in the Greater Boston area are very strong. Unit sales for the 1st quarter in Greater Boston are up 15% over a year ago and median sales price is up alightly 1.6%. I would expect if the demand for condos in the area continues prices will hold or rise slightly throughout the remainder of the year per Azarian. To see a detailed look at median price statistics for a year ago versus now there is a great map at the following web site: http://www.boston.com/business/specials/real_estate/influx/

Keep in mind that "median price" can be a reflection of the type of properties selling as much as it is a guage on pricing for the same type of house which is different. A good index to follow is the Case-Schiller Index which measures the value of "same house sales" to get a more accurate picture of what prices are doing. In the end, no one really knows what prices will do next since a lot of things can have an impact including the econonmy in general, jobs and job creation, the middle east, gas prices, elections, inflation and so on. I hope this helps and if you need more information just let me know. Best of luck. Truly, John Allaire
0 votes Thank Flag Link Sat Jun 30, 2007
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