Boston Real Estate

I like noodling around with MLS and Excel so I can get a graphic sense
of the Boston Real Estate Market.
I thought I’d take a look at these parameters from 2002 to 2010
Boston Condos sold in January and May for the last 8 years

For the sake of handling smaller numbers, I used the following parameters:

Property Type(s): Condos
Status: Under Agreement or Sold
Price: Between $300,000 and $600,000
Towns: Boston:Back Bay, Beacon Hill, MA, South End, The Fenway

So the next job for me would be to do the research that would tell us how many of the Boston Condos sold in May 2010 were inspired by the tax credits. If anyone cared. I don’t. I just thought this was a striking graphic for a slice of the Boston Real Estate market right in the middle of the spring market for the last 8 years. What do you think? Your comments would be appreciated.

On Another Note

I don’t need to tell regular readers of this blog that I was a stock trader for a number of years. I am finding that the Boston real estate market and the stock market have a lot in common. One popular saying on Wall Street is “However January goes, so goes the rest of the year” I know its just a saying and therefore lacks the rigor we get with statistical fact. But as usual there is some truth in most sayings like this so I pulled the graphic below made with the same parameters above.

The saying certainly holds true for Boston Real Estate. Those in the business will see it clearly because they distinctly remember the real estate business in these years. Its so closely hinged to their income. For me 2004, 2005 and 2007 were the best years in my business. These had the best January sales. Neat huh?

Written by RE/MAX Destiny Accredited Buyers Agent Jeff Persons 617-512-3443