Boston real estate and condo market mid-year report

Posted by Michael DiMella on Thu, Jul 02, 2009

Hard to believe we are mid-way through the 2009 given the horrible weather we've had in Boston lately, but the calendar says July, so here we are.  Time for my mid year 2009 Boston real estate market report.  Unfortunately given the approximately 463 straight days of clouds and rain, I was caught off guard and unaware that it is summer, so the report isn't ready yet (but it will be soon).  In the meantime, here is a quick look at the summary stats for the core Boston condo market:

 
Core*                  Boston Condos Q1 2008
Q2 2008 Q1 2009
Q2 2009

# of Sales

 373 729 209 413

Avg Price

 $774,824 $792,595 $735,302 $710,861

Med Price

 $525,000 $565,000 $495,000 $505,000

$/Sq Ft

 $627 $686 $611 $654

D.O.M.

 99 81 132 99

Total Volume

 $289,009.352    
 $577,801,755    
 $153,678,118    
 $293,585,593    
*core neighborhoods of Back Bay, Beacon Hill, Fenway/Kenmore, Midtown, North End, South End, West End, and Waterfront

Looks like there have been some declines in 2009.  No shock there - I already reported some of this (see: Boston luxury real estate market slowdown and 1st quarter 2009 Boston condo market data).  But definitely stay tuned as I dig a little deeper into specific neighborhoods and price ranges over the next couple weeks to give us all a really solid understanding of the dynamics of the Boston real estate and condo market. 

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2009 Boston Condo Market Report

2009 Boston condo market report

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Tags: Condos, Boston, housing market, home values