2000-2009 Boston Condo Market Report Now Available

Posted by Michael DiMella on Thu, Feb 11, 2010

Channeling my inner Jonathan Miller (the writer of adownload 2000-2009 Boston condo market report highly regarded New York market report), I finally completed my 2000-2009 Boston condo market report.  This report is something I am really proud of, and took quite a bit of effort to put together.  Containing nearly 100 pages of sales data in easy to digest graphical format, this is a report not to be missed even if you have only a passing interest in the Boston real estate market.  That's my hint that you ought to download it!


I've broken down Boston sales data into the following sections:

  1. Citywide - I analyzed condo sales data from all neighbrohoods of Boston in aggregate from 2000-2009
  2. Downtown - I grouped Back Bay, Beacon Hill, Fenway, Midtown, North End, South End,  Waterfront, and West End together to take a look at the "core" downtown neighborhoods and compare that to the citywide data
  3. Luxury - I extracted only condo sales with prices of $1,000,000 or more to examine the true Boston luxury condo market
  4. Neighborhoods - All the neighborhoods are given an individual section to take a closer look at each neighborhood's individual performance over time

There's some pretty interesting findings inside, so I definitely recommend downloading the report, but here are a few interesting tidbits:

  • The downtown market median price is up 57% from 2000 to 2009
  • Luxury market average price per square foot is down 11% in 2009 from 2008 but up 15% since 2000
  • The neighborhood with largest gain in median price from 2000 to 2009 was Allston, with over 125% increase
  • The most expensive neighborhood in 2009 in terms of average price is the Back Bay, but in terms of average price per square foot, it's Midtown
  • For 2009, the neighborhood with the highest discount rate off of asking price is Mattapan, following that is the Waterfront, and in fourth is the Back Bay
  • There were more than 170 luxury sales with a price per square foot of over $1000 in 2008, but only just over 70 in 2009
I've also got some unique graphs for many of the neighborhoods - one showing showing discount rate off of listing price based on days on market and another showing average condo fees by price range for a couple of examples - info that is really relevant to active buyers or sellers in the Boston market.

I anticipate updating this report every six months to keep it current with the market.  So I'm looking for feedback - good, bad, or ugly.  Let me know what you think so I can make it better with each new edition!

Download now!

 

2000-2009 Boston Condo Market Report

2009 Boston condo market report

Looking for accurate data and market trends for the Boston real estate market with neighborhood by neighborhood analysis?

Get the 2000-2009 Boston condo market report sent directly to you by email. 


For more information, click here.


Tags: Boston real estate, Boston condos, home values