Archive for May, 2006


Weekly Boston Real Estate Sales and Listings Update, May 28, 2006

The following information is from the local MLS database, as of May 28, 2006.
Total # of condos for sale in the city of Boston: 3303 (-9)
Average # of days on market: 105 (+3)
Lowest priced condo in city of Boston: $115,900
Median price of all condos for sale in the city of Boston: $389,000 (+/-$0)
Highest priced […]



At what price would you buy?

As everyone knows, condo prices in Boston and across the country have been increasing pretty much every month, over the past four years (and beyond).
However, last month, for the first time in recent memory, the median sales price of condos in Boston actually dropped.
Unfortunately (if you’re a buyer, that is), while prices look as if […]



Mortgage loan amortization schedule

It’s easy enough to find a mortgage loan calculator online, but sometimes you want to play with all the numbers.
And, now you can.
Here’s a spreadsheet you can use to estimate your monthly mortgage loan payment.
You can change the purchase price, downpayment, and interest rate (fixed-rate only on this spreadsheet), plus add in estimated tax and […]



Boston condo sales slow in April

Everyone seems to be releasing April sales data, today, so here’s my entry on the subject.
Data is from MLS PIN.
# of condo sales, April, 2005: 411
# of condo sales, April, 2006: 307
Days on market, April, 2005: 74
Days on market, April, 2006: 100
Average sales price, April, 2005: $444,216
Average sales price, April, 2006: $398,190 (does NOT mean […]



Fun with (irrelevant?) numbers

For those who like to compare numbers, here’s some.
Data is from MLS PIN, for condo sales throughout the entire city of Boston.
Total # of sales, March, 2004: 278
Total # of sales, March, 2005: 310
Total # of sales, March, 2006: 353 (um, bubble, what?)
Lowest, highest priced sale, March, 2004: $103,000, $5,200,000 (whoa!)
Lowest, highest priced sale, March, […]



Weekly Boston Real Estate Sales and Listings Update, May 21, 2006

The following information is from the local MLS database, as of May 21, 2006.
Total # of condos for sale in the city of Boston: 3312 (+76)
Average # of days on market: 102 (same)
Lowest priced condo in city of Boston: $115,900
Median price of all condos for sale in the city of Boston: $389,000 (+/-$0)
Highest priced […]



Weekly Boston Real Estate Sales and Listings Update, May 16, 2006

The following information is from the local MLS database, as of May 16, 2006.
Total # of condos for sale in the city of Boston: 3236 (+3)
Average # of days on market: 102 (+1)
Lowest priced condo in city of Boston: $115,900
Median price of all condos for sale in the city of Boston: $389,000 (+/-$0)
Highest priced […]



Boston home and condo sales increase, vs. last year

I’m a bit surprised by what my data shows.
Or, should I say, what MLS’ data shows.
In the first quarter, 2005, 206 single-family homes were sold in the city of Boston, according to MLS.
In the first quarter, 2006, 221 single-family homes were sold in the city of Boston, according to MLS.
In the first quarter, 2005, 790 […]



Bank of America offers free refinancing to its customers

Great bit of news, courtesy of Holden Lewis, at Bankrate.com.
FREE? REALLY?: A couple of weeks ago, I moderated a panel discussion with the mortgage chiefs of Bank of America, Lending Tree and Wachovia. Bank of America’s president of consumer real estate and insurance, Floyd Robinson, said a couple of things that the audience and fellow […]



Rent vs. buy - the debate continues

I don’t know if deciding to buy can be a rational decision, one based solely on whether or not it’s cheaper to stay renting.
I’ve never had a friend say, “Oh, it’s cheaper to rent, so I’m going to rent.” I think it’s more complicated.
Still, it’s a very good exercise to go through: calculate the […]



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