Today I spoke with a private real estate investor who bough condos for as little as $5,000 in Boston in the 1970’s. It inspired me to share this long term perspective of median condo prices in the City of Boston - yes, the whole City. Here is what 28 years of condo prices look like […]
Chart of the Week: Brookline Condo Sales Year-to-Date
It’s been a transitional year in real estate for Brookline, just like the rest of the country. While most of the United States is finally showing signs of a strong revival in the housing market, Brookline is way ahead as usual. Brookline’s condo market is showing signs of inventory revival, after a couple years of […]
Chart of the Week: Sale to List Price Ratio for Brighton Condos
There are two good reasons to analyze the Brighton condo market, even if Brighton MA is the your spot of choice. Both reasons have to do with the type of buyers which dominate the sales in the neighborhood. First, investors. Investors have flocked to Brighton condos for years. There has been a great return on […]
Chart of the Week: Income and Housing Price Growth the World
The International Monetary Fund tracks the global real estate trends. Even though we think about real estate on a hyper-local level, an international perspective allows us to find areas of potential investment, and also shows us where Boston stands in the global economic arena. The chart below is House Price-to-Income Ratio from several countries around the […]
Advice for Home Buyers in a Seller’s Market and Chart of the Week
Chart of the Week: Newton MA Outpacing the Bay State
It’s no secret Newton is one of the most desirable, and most expensive, community in Massachusetts. But Greater Boston residents often forget the rest of the state has a very different real estate experience. Just how different? In the since 2013, Newton prices have gone from a median price of $826,000 to $1,186,000 in year-to-date […]