Boston Real Estate Market Report

South End Boston Real estate market
Back Bay Boston Real estate market
Beacon Hill Boston Real estate market
Midtown Boston Real estate market
Leather District Boston Real estate market
Seaport District Boston Real estate market
Charles Town Boston Real estate market
North End Boston Real estate market
Waterfront Boston Real estate market
Fenway Boston Real estate market
West End Boston Real estate market
South Boston Boston Real estate market
City Guide
Boston buildings
Luxury Boston condo sales
 
* Neighborhoods covered: Back Bay, Bay Village, Beacon Hill, Charlestown, Chinatown, Fenway,Leather Dist., Midtown, N. End, Seaport, S. End, S. Bos, Theater District, Waterfront, W. End.
Downtown Boston real estate market median sale prices
Boston real estate median prices

The links to the left will give you additional info on the individual neighborhoods. 

May 8, 2012- As you can see from the graph at the top, the downtown real estate market continues to outpace the previous 3 years as indicated by the number of pending sales. Median prices remain quite strong. Inventory (condos and single families) in the core downtown neighborhoods is 930 as of 5/8/2012, a 31.7% drop from the same time last year (1358). (Source MLS-PIN)

So far for 2012, there has been a 10.3% increase in the number of properties sold year-to-date in the core downtown neighborhoods* (see above) of Boston, to 808 from 732 during the same period in 2011 (Source: LINK).

Sales of luxury properties (condos, single family, $1m+) increased by about 6.9%, from 130 to 139 over the course of the year so far. (Source LINK)

Boston continues to add jobs as the local economy continues to perk up. Additionally, as has been well documented, interest rates have been at historic lows. 30 year fixed rate mortgage loans have been available for well qualified borrowers in the mid to high 3%'s.

Please contact me for assistance in purchasing or selling real estate in Boston. Feel free to call me at 617 584 9790 or click here to contact me

Testimonials

“Joe worked for my wife and me as a buyer's agent,

searching for a home in the Boston area. He had extensive knowledge of the area and was very capable in helping us identify our needs, narrow our search, and target the best properties for us. He spent a lot of time with us on our search and always made us feel like we were his only clients. We ended up buying a great home in a great location at an affordable price (in Boston, that's saying a lot!). Thanks, Joe!

Andrew Gronosky

Boston Real Estate Blog
700 Harrison, Luxury South End Boston 1 Bedroom Condo Under Agreement.
700 Harrison Avenue #513 went under agreement after only 10 days on read more...
 
Downtown Boston Real Estate Market Continues To Be Very Active
May 8, 2012- As you can see, the downtown Boston condo and single read more...