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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.

Sunday, February 03, 2008

Amazing Trends

In the last 20 days the Brookline market has seen the following:

New (not reactivated) property on Market:

9 Single Family Homes - average list price: $1,393,333

27 Condominiums - average list price: $651,174

1 Multi-family house

Property Under Agreement:

9 Single Family Homes (2 still taking back-up offers)

27 Condos (2 also still taking back-up offers)

1 Multi-family

At the time of year when we should see supply start to flood the market we're almost at a 1:1 ratio on new property to property being removed from the marketplace.

We can also look at some of the days on market for the property going under agreement and we see numbers like: 15 days & 25 days for Single Families and 7, 7, 10, 11, 12, 13, 18 & 26 days for the condominiums. The multi-family home was put under contract in 14 days.

These numbers are amazing given what we've all heard and seen in the marketplace. If your life is dictating that you should sell right now, but you're worried about what's going on, these numbers are proof that you will be ok. If you're looking to buy right now and you're "waiting it out" these numbers are proof that the property in Brookline will be bought my somebody else if you don't step up to the plate.


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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.