Wednesday, March 2, 2011

Boston, MA Real Estate

The last three months is somewhat of a mixed trend. The homes with 3 or more bedrooms have fared well. The amount of money collected from sales has increased 12.4% and over 200% for 3 and 4 bedroom homes respectively. The amount of money brought in from sales of one and two bedroom homes in Boston decreased 3.9% and 2.8% respectively. This is the reason for me saying that there has been a mixed trend for the past three months compared to the 3 month period prior.  The median sales price for homes in Boston increased 4.5% or $25,000 compared to the three month period prior to November 2010 through February 2011.  The median sales price of Boston homes for the period of Nov. 2010 through Feb. 2011was $580,000. Black Bay, South End, South Boston, Beacon Hill, Jamaica Plain and Charlestown are all popular neighborhoods in Boston, MA. So, if we used the past three month period as any sort of an indicator of how future months may go, it looks good for 3 or 4 bedroom homes, but not great for 1 or 2 bedroom homes. Hopefully the next three month period will show increases for all sizes of homes. I did my research on Trulia.com.  Any comments or suggestions are appreciated. Thanks for reading!

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