As 2013 ends, we are within striking distance of pretty big real estate landmark.
By the end of 2014, if not before, Greater Boston will have recovered all the real estate value that vanished when the bubble burst and Great Recession hit.
So how's that?
Boston-area real estate values peaked at $604 billion in 2005, before going on a six year soon that bottomed out at $502 billion in 2011, Zillow finds.
Since then, the real estate roller coaster has headed back up, and back up sharply, soaring $46 billion alone in 2013 to $568 billion.
A repeat performance in 2014, or anything close to it, will bring us back to peak values in 2005, which stood at $604 billion, according to Zillow.
One has to wonder whether it's all too much, too fast though. The startling speed with which prices are coming back seems very bubbly.
The $46 billion jump on real estate values across the Boston area we saw in 2013 eclipsed even the $22 billion run up from 2004 to 2005 as the housing bubble reached its peak.
Time to worry or celebrate? What's your take?
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