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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, January 04, 2008

2006 vs. 2007 Brookline Single Family Sales Report

The second part of yesterday's report is what single-family homes have done in Brookline. If you remember back to September, single family homes were doing significantly better this year than last. So, here we go:

In 2006:

The median sale price of a single-family home was: $1,000,000

The average sale price of a single-family home was: $1,288,169

159 homes sold in an average of 129 days on market.

In 2007:

The median sale price of a single-family home was: $1,100,000

The average sale price of a single-family home was: $1,432,278

187 homes sold in an average of 139 days on market.

So, at the completion of the year we see we're doing well. More single-family homes were sold in 2007, more condominiums were sold in 2007. The median price for single family homes went up. The median price for condominiums went up. The days on market stayed reasonable, and Brookline has escaped the firestorm. Do not expect to hear these numbers from The Globe because there are areas in Massachusetts where home sellers are having a considerably tougher go of it.

If you are thinking of selling in 2008 it is critical that you are armed with this information to help support your pricing goals. It is even more imperative that your agent can quote these numbers. Any agent in Brookline who does not have a complete understanding of where our market sits on a month to month or year to year basis is doing a disservice to their customers and clients. Do not trick yourself into thinking it will be easy to sell in 2008. It will take more work and you will have to be more precise and persistent. If you have the right strategies behind you I know you will find success.


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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.