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Date Created: 12/18/15
Boston Massachusetts Property Annual Report - Houses And Condos Offered This reportdocuments the overall trends within the Boston residential market in the last 4 years. The report consolidates data in the 21 communities define the town of Boston also it isimportant to know that property is local and average sales prices should be examined individually in every community. Values ranges from $40,000 (very distressed property) to $10,000,000 in a few of the more affluent areas for example Back Bay and Beacon Hill. The housing mixture of houses, condos and multi- family lead towards the value fluctuations in every neighborhood. For instance, Dorchester includes a greater area of condo conversions that have were built with a high foreclosures rate in the last 2 yrs. These comps impact the typical sales prices as well as in 2009 this is a major factor. Check out Boston MA property to acquire details about moving, schools, the house purchasing and selling process and also to search the MLS for current entries. In 2009 there have been 914 single family models offered lower slightly in the 909 houses offered in 2008. The peak for sales activity happened in 2007 with 1041 transactions. The greatest sales cost in '09 for single family houses was reported at $7,000,000. The times-on-market was reported at 107 days and also the sales cost-to-list ratio was 96%. The typical sales prices fell -8% in '09 to $436,522 in the 2008 values of $472,960. The have dropped -14% because the peak of $507,143 in 2006. The condominium market in Boston reviews a decline in values and transactions for 2009 as in comparison to 2008. The typical sales prices dropped -9.6% and unit sales fell from 3869 to 3626. Our prime point for transactions was 4525 models offered in 2007. The greatest sales cost was reported at $9,290,000. The typical peak value was acquired in 2008 at $500,413. The times-on-market enhanced in '09 from 115 to 105 and also the sales cost-to-list ratio continued to be stable at 96%. The information within this report was acquired in the MA MLS (MLSPin) and put together by Virtual Houses Property. The details are not certain to be accurate. To see current entries of houses and condos available visit Boston MA houses available. new homes for sale cape elizabeth maine
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