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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.

Wednesday, February 27, 2008

Boston Magazine's Best Places To Live

Boston Magazine, which I think gets read maybe once a year by us all (Best of Boston issue) has their annual "The Best Places to Live" issue out. Inside they have a trifold tear out piece that details the median price, difference from last year, one year percentage change, five year percentage change and average days on market. What we learn is exactly what we already knew.

On the sidebar there are four groupings with four towns in each:
1. "Pouncers, Keepers" (Where homes are selling fastest)
2. "Slump? What slump?"(Where prices have jumped the most in one year)
3. "Onward and upward" (Where prices have increased the most in five years)
4. "Look out below!" (Where prices have fallen the most in one year)

Allston and Jamaica Plain are in the pouncers, keepers category with with 79 and 87 days on market respectively (Brookline is at 91 days for condos)

Brookline is listed in the onward and upward category with a five year price bump of 36% (single family homes), beaten only by Duxbury and Rowley. Brookline's condo market has "only" grown 20.3% in five years. This condo growth only ranks 65th in the Commonwealth, but that is more a sign of the growth of condominiums in other markets where there weren't many in the past. If everyone remembers back to 2003-2005 the number of condominium conversions was out of control. When you introduce a product to the market for the first time you will always have unbelievable swings in statistics (see Hanover and 311% increase).

Either way, this is continued evidence that 2007 was not nearly as bad as everyone attempted to make it seem.


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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.