For the month of July 2008, the year on year condo sales value in Boston remained flat from 2007 to 2008, while volume dropped slightly at 12%. Here are the numbers: In July 2007 there were a total of 464 condos sold, while July of 2008 saw 408 total sales. The median value of sold condos in July 2007 was $375,500 and rose slightly in July of 2008 to $379,250. This represents a rise of approximately 1% in value and thus values have remained flat. This is an indication that the Boston market has remained relatively strong throughout the mortgage crisis. Although a decline in volume usually precedes a decline in value, Boston has a very healthy luxury market that should help keep values stable in the Boston market. For more information visit www.sharpbuyers.com. Sharp Buyers aims to educa...
Comments
2