Boston condo prices / values from 1995-2010
Feb 2011 28

The Standard & Poors / Case-Shiller home indices measure single-family and condominium values for major cities across the United States.

The authors of the surveys have tracked home values for the past fifteen years. Using the year 2000 as the base year, the metropolitan Boston area index shows condo prices from the low in 1995 of around 58% of 2000′s value. This means that prices rose approximately 60 percent in the last five years of the 20th-century.

During the first five years of this century, prices rose rapidly until they reached their zenith in October 2005. Values in Greater Boston had increased 80% since 2000. Since 2005, prices have fallen by about 10% and are approximately 58% higher than in 2000.

Historic results are not indicative of future behavior. It is what it is – an amazing increase in home prices that benefited millions of Americans but, of course, hurt lots of people, too.

To see image full-sized, click here: Boston condo prices / values from 1995-2010

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