Click here for instant Brookline Real Estate Blog Updates!

 Subscribe in a reader Share on Facebook

Add to Google Reader or Homepage Subscribe in Bloglines Add to Technorati Favorites


Welcome to your constantly updated resource for news and views on the Brookline Real Estate market. Here you will find commentary and statistics to explain the daily changes in the Brookline specific housing market.

Whether you're looking for an estate in Cottage Farm, a condo in Brookline Village or are just stopping by please feel free to read along and comment at will. If you are interested in speaking about renting an apartment, buyer representation or listing your home please feel free to contact me.

Friday, August 31, 2007

Numbers don't Lie...Part I

I was browsing Trulia today and came across some interesting numbers. In their Brookline Real Estate Guide they show snapshot graphs of the average sale price, median sale price, average price per square foot, average listing price, and the number of sales. These numbers are broken down into number of bedrooms as well as the whole market. Now, the data is culled from "assessor and title deed data and Trulia search traffic." The one wild-card in this are the numbers that come from Trulia search traffic, because we do not know how representative of the market they are. Let's just assume for discussion purposes though that the numbers are pretty close to being on target. What do we see?

The average sales price for 1 bedroom condos has gone up 11.2% in the second quarter of the year. Now, this is the heart of the season, but a gain of over 10% is noteworthy considering the media's perspective so far this year. For 2 bedrooms there was also a gain, although this one was just shy of 2%. Three bedroom condos lost 6% but I would actually expect to see a gain in the 3rd quarter numbers, as most families with kids like to close on their condos between July and September. 4 bedroom homes, which in Brookline puts you in the $1,000,000+ ball park, we are down only 0.7% since the first quarter. The interesting stat to look at for the 4 bedroom homes is the change from one year ago. In the 2nd quarter of 2006 a 4 bedroom home sold for an average of $880,447, today it's $1,128,918. That is SIGNIFICANT positive growth.

Check back tomorrow for more...


top 10% awardAwarded Top 10% in the Nation for Consumer Satisfaction by the Internet Consumer Group
more info

Subscribe via email

Enter your email address:

Delivered by FeedBurner


The views expressed on these pages are the opinion of the author and any public contributors. They do not substitute for the advice of a legal or financial professional. These opinions are not representative of any firm or business. Please always consult an attorney, financial professional or sign a contract with a Buyer Agent or Seller's Agent for specific advice.