September 10, 2008

Condos in Brighton: Selling at a Discount

Though prices may be holding up just fine and dandy in Brookline, things look a little choppy in Brighton. I spotted several properties that sold for a loss in July and August, or that were just plain cheap for the square footage and location. In general, prices in Brighton seem to be down about 5 percent from their peak — not an earth-shaking drop by any means, but certainly not showing the resistance of Teflon Brookline, either.

15 Braemore Road, Apt. 5
Brighton
BEDS:1/BATHS:1
SQ. FT: 688
Sold for $218K August 2008
Purchased for $266K in 2004

7 Cummings Road, #4
Brighton
BEDS:2/BATHS:1.5
SQ.FT:986
Sold for $352,400 August 2008
Purchased for $425K in 2004

1992 Commonwealth Avenue, #6
Brighton
BEDS:2/BATHS:1
SQ.FT:933
Sold for $297,500 August 2008
Right now on the market in the same Reservoir Gardens complex is a slightly larger condo that started off above $400K and is now listed at $379,900.

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