February 2010

There are 3 blog entries for February 2010.

Mass. Home & Condo Prices JumpWe are certainly not out of the woods yet, but some good news for the housing market this week. Year over year numbers for both sales volume and prices increased for both single family home's and condo's. Below is the full data:

The median price for single-family homes sold in January rose 9.6 percent to $285,000 from $260,000. It was the second consecutive month that median prices for single-family homes increased by about 10 percent when compared to the prior year. Sales of single-family homes jumped 11.8 percent to 2,153 from 1,926 in January 2009, posting the fourth consecutive month of double-digit percentage increases in single-family home sales.

Condominium sales and median prices also surged last month. The median condo price jumped 16.7

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245 Unit Condo Project in South Boston

A huge condo development in South Boston is set to be auctioned tomorrow. The site is an entire block and is bordered by C & D Streets and West 1st & West 2nd Streets. The development was going to be called Emerald Court and the BRA approved plans were for 245 condos, 3600 sq. ft. of retail space and parking. Not surprising in this tough economy, the developer has had a difficult time financing the project.

The parcel is located in one of the hottest areas in South Boston. It's walking distance to the Seaport District, and there are 2 new developments just a block away, the Spice lofts, and the Signal Building. It's certainly disappointing to hear plans will not be moving forward, but hopefully a new developer will purchase the site and build in

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Boston Condo Sales NumbersOne of my readers sent this link to Boston.com with year end sales data for Boston condos. This is great information not only for agents/brokers, but for home buyers. It's also an easy way to compare neighborhoods in Boston and see what you can get for the money in each area. 

Link to 2009 Boston Condo Sales Data

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