August 21, 2008
Boston Homes Selling at 95% to 98% of List
We had another Red Carpet Event and home-buying class in Boston last night. Like always, we had hot, fresh pricing data, which you can also find below. Get the slides here.
Our next event is September 10th in Somerville, then in October we’ll head to downtown Boston. You can RSVP here.
In Boston, most houses are selling between 95% and 98% of list, but buyers in Ludlow buyers are getting bigger discounts- houses sold at 92.5% of list price. Condos were in a similar range, except in Middleboro, where condos were selling on averave at a little over 100% of list- yow!
Boston Area House Prices, June 17 – August 17, 2008
| City | # Deals | Final v. List | Average Price |
| Acton Houses | 57 | 97.1% | $574,243 |
| Amherst Houses | 35 | 96.6% | $411,726 |
| Brookline Houses | 26 | 95.9% | $1,166,981 |
| Cambridge Houses | 32 | 98.3% | $1,226,720 |
| Framingham Houses | 121 | 96.6% | $356,649 |
| Ipswich Houses | 14 | 94.8% | $480,161 |
| Lancaster Houses | 11 | 95.7% | $268,323 |
| Lowell Houses | 69 | 95.7% | $172,555 |
| Ludlow Houses | 11 | 92.5% | $181,909 |
| Maynard Houses | 21 | 94.5% | $323,157 |
| Medford Houses | 45 | 96.4% | $378,671 |
| Methuen Houses | 52 | 97.4% | $310,210 |
| Middleboro Houses | 27 | 97.6% | $322,767 |
| Natick Houses | 67 | 96.1% | $496,637 |
| Needham Houses | 83 | 97.4% | $824,653 |
| Newton Houses | 156 | 97.4% | $970,847 |
| Quincy Houses | 72 | 95.9% | $353,185 |
| Salem Houses | 48 | 96.1% | $323,839 |
| Somerset Houses | 25 | 97.6% | $274,000 |
| Watertown Houses | 15 | 96.3% | $429,635 |
| Waltham Houses | 64 | 98.2% | $429,827 |
| Worcester Houses | 194 | 96.1% | $211,662 |
Boston Area Condo Prices, June 17 – August 17, 2008
| City | # Deals | Final v. List | Average Price |
| Acton Condos | 21 | 95.0% | $282,659 |
| Amherst Condos | 16 | 96.7% | $192,517 |
| Brookline Condos | 162 | 97.7% | $503,067 |
| Cambridge Condos | 214 | 97.6% | $465,954 |
| Framingham Condos | 41 | 94.4% | $118,633 |
| Ipswich Condos | 8 | 94.7% | $242,375 |
| Lowell Condos | 55 | 96.1% | $173,194 |
| Ludlow Condos | 10 | 98.3% | $179,799 |
| Maynard Condos | 7 | 98.4% | $285,029 |
| Medford Condos | 39 | 96.6% | $320,225 |
| Methuen Condos | 15 | 97.2% | $163,348 |
| Middleboro Condos | 6 | 101.6% | $277,468 |
| Natick Condos | 21 | 96.6% | $270,257 |
| Needham Condos | 16 | 97.5% | $603,394 |
| Newton Condos | 80 | 96.8% | $488,774 |
| Quincy Condos | 73 | 95.3% | $251,175 |
| Salem Condos | 66 | 95.0% | $259,107 |
| Watertown Condos | 71 | 97.4% | $348,450 |
| Waltham Condos | 49 | 97.1% | $340,668 |
| Worcester Condos | 54 | 93.9% | $126,105 |
