I love LINK Network graphs because they plainly display how Boston Homes have been a recession-proof investment this decade. Let me add the caveat that although Boston Real Estate has been an exceptional investment for the last ten years, a prolonged downturn will make everything cheaper sooner or later. I’m bullish to a fault sometimes and I have to remind myself to be rigorous. All we have is the past to use as a pointer to what might go on. I remember 1986 to 1996, a decade where no one I knew made any price appreciation on their homes. Not one penny. Then comes 1996 to 2006 and that decade everyone got a double, triple, and even a few quadruples to the fair market value of their properties. No one that I know of predicted either decade. It is a market after all, win or lose.
Boston Homes Citywide
Citywide Boston Homes Ten Year Price Index (Appreciation Rate)
Back Bay Ten Year Price Index (Appreciation Rate)
Beacon Hill Ten Year Price Index (Appreciation Rate)
South End Ten Year Price Index(Appreciation Rate)
This isn’t much more than a graphic history lesson. It tells us that these neighborhoods have done really well for the last ten years. Will the trend continue or fall off? I absolutely do not know. I have some opinions but that’s what they are opinions and conjecture.
Written By RE/MAX Destiny Accredited Buyers Agent Jeff Persons – 617-512-3443
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What do you think? Your comments will be appreciated
Boston Homes Price Appreciation For 2000-2010
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Jeff, great use of LINK’s charts and sales data. I referenced it in my blog and provided a link back to you.
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