The market report for the second quarter of 2009 has just been released by LINK and I wanted to give you all access to the data. I’ve added a link to the report on our Quarterly Market Report section of our website. Here is the link:
It is a very comprehensive report noting a variety of indicators for each neighborhood. I also have specific neighborhood reports for most areas downtown. If you’d like a copy of any of these please contact me at nwarren@warrenre.com and let me know which you’d like to have!
A few important points about Q2:
- Citywide sales volume is down 34.94% compared to Q2 of 2008. I believe the two biggest factors in this dramatic drop in volume is job loss (or fear of job loss) and the struggling Jumbo mortgage market.
- Even with all the bad news in the media, some neighborhoods saw average price increases compared to the same time last year. Back Bay increased by 1.85% and Charlestown by 7.06%.
- Luxury buildings saw a huge decrease in volume by 53.14% over this time last year. Again, a major cause of this is the lack of a good Jumbo mortgage market.
If you have any questions regarding this report, please feel free to contact myself or an agent of Warren Residential. We are proud to be your resource for Boston real estate information and service!
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Your observation was really very interesting and very informative. Thanks for the information. I learned a lot. I enjoyed reading it.
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