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Pending sale vortex caused by Polar Vortex or other factors?

 
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Pending sale vortex caused by Polar Vortex or other factors?
Direct result of weather
0%
 0%  [ 0 ]
Continuation of downward trends in 4Q2014
100%
 100%  [ 2 ]
Other
0%
 0%  [ 0 ]
Total Votes : 2

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RealEstateCafe



Joined: 11 Dec 2007
Posts: 226
Location: Cambridge, MA

PostPosted: Sun Jan 12, 2014 2:26 pm GMT    Post subject: Pending sale vortex caused by Polar Vortex or other factors? Reply with quote

Pending sale vortex caused by Polar Vortex or other factors?
http://bit.ly/REVortex

Contact Real Estate Cafe if you’d like to see snapshots of the first 11 days of 2014 compared to the same time last year showing:

Statewide in MA, pending single family sales are down 18% in the first 11 days of 2014;

Pending SF sales between $150-$299K are down 19%, falling from 412 last year to 333 this year;

Paradoxically, 1 in 7 pending sales was between $200-$249K last year; now 1 in 7 is between $150-$199K (yes, these are single family pending sales, not condo – surprising, right?)

More surprising, pending luxury SF sales are down more than 50%, falling from 9 over $2M last year to just 4 so far in 2014.

Do these bullet points foreshadow a bear market in 2014, or impact of weather? Please use poll to let BostonBubble readers know your perspective.
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donaka
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PostPosted: Mon Jan 13, 2014 5:11 pm GMT    Post subject: this week Reply with quote

it would be interesting to see sales from last week and this week..pls do post. thank you.
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