< Back to front page Text size +

Condos doing better than homes

Posted by Binyamin Appelbaum April 29, 2008 03:32 PM

I'm not sure why we at the Globe focus so much on single-family homes. There were 80 percent as many condominium sales as single-family home sales in the metropolitan Boston area in the first quarter. Furthermore, I live in a condo.

And here's the good news for condo owners: So far this year, condo prices are holding up better than single-family home prices.

Statewide, Warren Group says the median price of a condo fell 3.8 percent in the first three months of the year, compared to the same period last year. My calculations from Warren Group data show similar declines for Metro Boston: 34 percent and 3.3 percent.

Here's the data for towns and neighborhoods with at least 30 sales.

Condo%20ranking.bmp

Complete data on every town in the state is available here.


Enjoyed this post? Get blog updates delivered to your reader. Click here.

Email this article

Invalid email address
Invalid email address

Sending your article

Your article has been sent.

About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.
Rona Fischman is a buyer's agent who provides a look at the local housing scene, from basements to attics.
archives