Monday, January 16, 2006

Boston Sales fell 15.4% Last Year

Home sales fell by 15.4% last year to 2,196 properties, down from 2,595 in 2004 according to data from LINK the Boston multi-listing service. Beacon Hill, Fenway, South End, and West End all saw double digit declines. The largest drop was in the West End where sales fell a whooping 34.8%. Back Bay fell 8.26% according to LINK statistics.

Although sales were off prices are still heading upward, the median price in the above neighborhoods was $505,750.00 last year, up $465,000.00 in 2004, an 8.8% rise. Back Bay was the most expensive area with a median price of $668,500 up from $550,000 in 2004.


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