bostonbubble.com

[babydragonsister]

Okay, please tell me if I'm way off-base here, but after suspending our search for a few years, we are looking in Newton again in the same price range and I feel that we are finding a lot more for our money. I also compiled some sales numbers and found that on average, houses (not condos) are going for 94% of ASSESSED value, even though asking price is usually around $100,000 above assessment. A couple of the houses listed for way above assessment have been on and off the market for 2 years or more. Of course when I suggested that to a realtor I was speaking too, you would have thought I insulted his mother.

Anyway, has my perspective been way warped or is this what other people are seeing too?

[admin]

Interesting... The Warren Group just released town by town stats for March:

https://bankerandtradesman.esecuretransactions.com/files/twgstats/march_2012_mass._home_sales_by_town.pdf

The median price for Newton was down 20% nominally (22% real) from March 2011. That is by no means enough data to draw any conclusions from and could just be normal volatility and/or a change in the mix of what is selling rather than a change in values. It does fit with what you're saying, though.

- admin

[john p]

I would consider putting this report as its own topic. This is a fantastic set of data.

[admin]