With all this talk about how terrible the market is and how much worse it is going to get, I decided to do a quick search on MLS to find out how 2008 has compared to 2007 YTD in one of Boston’s most well-known neighborhoods, Back Bay.  Here’s what I found:

2007 – 1/1/07 to 5/13/07:

Median Price – $636,250

Average Price – $906,505

Total Market Volume – $132,349,750

2008 - 1/1/08 to 5/13/08:

Median Price – $660,000

Average Price – $1,161,522

Total Market Volume – $126,605,952

 

Very interesting….average selling price is up 28% and median is up close to 4%.  The total market volume has slowed a bit.  What are your thoughts?

 

 

 

A client of mine who works for the Boston Redevelopment Authority (Hi Sherry!) was kind enough to pass along a flier regarding a walking tour of Downtown Crossing homes.  The point of the tour is to give you an idea of what the Downtown Crossing neighborhood is and what it will be in the future.  You will have the chance to:

- VIEW a 15th floor 1970s flat
- VIEW a 100-year old former headquarters for a sheet music publisher
-VIEW an elegantly appointed high-rise full-service executive suite
-VIEW a contemporary bi-level penthouse
-VIEW a luxury condo with first-class hotel services
-VIEW a “will be” condo in a 32-story tower
-VIEW a high-rise rental with sweeping views
-VIEW a walk-up loft in a cool old building

There are a lot of great things going on in this neighborhood with millions of dollars being invested in projects like 45 Province and the old Filene’s Building which will feature luxury condos, a hotel, and new high-end retail.

I am really happy they are doing this as it gives people a chance to see what life is like in this neighborhood and maybe even get a chance to picture themselves living here.

For more information or for tickets, please call the Downtown Crossing Association at 617-482-1641 or visit downtowncrossing.org/homesweethome