market conditions: Boston Condo contrasts: Prices downtown highest in decade, but sales are off!!
- 11/01/10 07:01 AM
The median price of a downtown Boston condominium hit a 10-year high in the third quarter while the number of sales dropped to a new low for the decade. That’s the conclusion of a housing report set to be released today by the Boston company Listing Information Network that shows the median selling price of downtown condominiums increased 9.2 percent to $475,000 during the third quarter of 2010 compared with the same period last year. Sales volume, meantime, sank by 24.5 percent in the third quarter compared with the same period last year. Only 677 properties sold, marking the smallest number … (1 comments)
market conditions: Stubborn economic woes, rising rents strain housing market’s recovery
- 10/13/10 04:06 PM
Greater Boston’s housing market might be facing a period of more instability, according to a study to be released today by New England’s largest community foundation. The Boston Foundation report says the region’s housing market could get battered from two directions, with continuing economic woes depressing house prices and driving up foreclosures, and Boston’s burgeoning student population pushing up rents. Bluestone cited “disconcerting developments’’ nationwide, including the gross domestic product numbers, which fell sharply in the second quarter, and the growing ranks of the unemployed nationwide — both trends that threaten the troubled housing market. Through July of this year, new … (1 comments)
Boston Luxury Residential is a boutique real estate firm that specializes in Boston Luxury condo sales, Boston Luxury apartment rentals, Boston Luxury buildings, and relocation services to Boston in Back Bay, South End, Beacon Hill, Waterfront, Seaport District, Brookline, or Cambridge.
The median price of a downtown Boston condominium hit a 10-year high in the third quarter while the number of sales dropped to a new low for the decade.
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