Boston condo sales volume down in January, avg. prices down
Feb 2011 22

The Warren Group is out with condo and single-family home sales data for January 2011.

Condominium sales in Massachusetts posted a significant decrease in January, dropping almost 18.5 percent to 808 from 991 in January 2010. January marks the seventh consecutive month that condo sales decreased in Massachusetts.

The median condo price in January also declined 4.6 percent to $233,750 from $245,000 in January 2010.

Boston Proper condo sales dropped 4.76% from January 2010.

The median condo price dropped, according to the Warren Group, by 19.23%, from $572,000 to $462,000.

The drop is confusing to me because of the size. Obviously, something else is going on here.

Let me take a closer look and get back to you. My guess is that we had a bunch of high-end condo sales closings (The Clarendon and/or The Bryant) that is skewing the numbers.

1 Comment

  1. John A Keith says:

    Update: There were 8 sales in The Clarendon & The Bryant in January 2010, which brought up the median sales price in 2010 but I don’t think by enough to explain the $100k+ difference, year-to-year.

    I think we’re just seeing an example where one month’s data is not enough to plot a trend.

Leave a Comment