Boston condo prices toward the end of 2018 show sharp declines in some areas
Then in others there were bounces in the fall Average condo prices declined annually during the third quarter in several Boston neighborhoods—including Charlestown, Beacon Hill, the South End, and Fenway—though in general prices either increased or stayed generally steady.
That is according to a wide-ranging market analysis from Berkshire Hathaway Home Services Warren Residential, which also tracked measures such as a sales volume and negotiability—the difference between listing price and sales price—in 22 Boston neighborhoods.
As for the year-over-year declines during the third quarter, they were only really significant in Fenway/Kenmore and Downtown Boston. The average sales price for a condo was down 14.27 percent, to $611,304, in the former; and 6.99 percent, to $1,378,764 in the latter.
Declines were much less consequential in other neighborhoods where averages dropped: Charlestown (down 0.86 percent); Beacon Hill (0.16 percent); the South End (4.6 percent); and the Waterfront (2.5 percent). And, as for the neighborhoods where condo prices increased, it was the same sort
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