Comments on: Searching for Silver Linings on Beacon Hill http://blog.redfin.com/boston/2008/05/searching_for_silver_linings_on_beacon_hill.html Redfin Boston Sweet Digs Wed, 01 Feb 2012 20:27:32 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: John K http://blog.redfin.com/boston/2008/05/searching_for_silver_linings_on_beacon_hill.html/comment-page-1#comment-1610 John K Thu, 22 May 2008 16:24:37 +0000 http://blog.redfin.com/boston/2008/05/searching_for_silver_linings_on_beacon_hill.html#comment-1610 The median is down because properties in some price ranges are not selling, not because suddenly everyone dropped their sales prices 33%. Everyone understands the difference, right? $300,000 studios are not suddenly $200,000, and $600,000 2-beds are not suddenly $400,000. Okay? The median is down because properties in some price ranges are not selling, not because suddenly everyone dropped their sales prices 33%.

Everyone understands the difference, right?

$300,000 studios are not suddenly $200,000, and $600,000 2-beds are not suddenly $400,000.

Okay?

]]> By: Avi Rome http://blog.redfin.com/boston/2008/05/searching_for_silver_linings_on_beacon_hill.html/comment-page-1#comment-1608 Avi Rome Thu, 22 May 2008 09:13:48 +0000 http://blog.redfin.com/boston/2008/05/searching_for_silver_linings_on_beacon_hill.html#comment-1608 Here's the full context of the numbers from the Wall Street Journal Story about how several downtown markets around the country have held up: "Prices in key neighborhoods, such as Back Bay, the South End, Fenway and the Waterfront, are all up between 3% and 10%. Beacon Hill and the North End, however, are down sharply, as much as 33%. That's partly the result of a slew of high-end properties that hit the market in 2006 and 2007 that were priced as high as $1.5 million, skewing the price data upward. Even without those sales, however, the median price would be down by double-digit amounts." Here’s the full context of the numbers from the Wall Street Journal Story about how several downtown markets around the country have held up:

“Prices in key neighborhoods, such as Back Bay, the South End, Fenway and the Waterfront, are all up between 3% and 10%. Beacon Hill and the North End, however, are down sharply, as much as 33%. That’s partly the result of a slew of high-end properties that hit the market in 2006 and 2007 that were priced as high as $1.5 million, skewing the price data upward. Even without those sales, however, the median price would be down by double-digit amounts.”

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