Boston real estate and condo market mid-year report

Boston real estate and condo market mid-year report

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. 

If you want the Boston updates as I write them, you can receive instant updates if you subscribe by RSS feed or subscribe by email.

 

Do you have thoughts or questions?  Make a comment below!

 

If you like what you're reading don't forget to subscribe by email or by RSS feed.

Looking for Boston condos or other property? Use our new map based search to Search all Boston real estate for sale

 




2009 Boston Condo Market Report

2009 Boston condo market report

Want to know what's really going on in the Boston real estate market with neighborhood by neighborhood trends?

Get the 2009 Boston condo market report sent directly to you as soon as soon as its available. 


For more information, click here.


Continue Reading
two-column-form