As prices in the Boston condo market finally began to rebound at the end of last year, prices on this side of the river remained high through 2009: Cambridge Condos: fewer units sold, prices slightly higher 667 units sold in 2009 (compared to 748 in 2008) $415,000 median price; up from $414,000 in ’08 (+.2%)
Somerville Condos: more units sold, prices higher 360 units sold in 2009 (compared to 329 in 2008) $363,500 median price; up from $350,000 in ’08 (+3.9%) Boston Condos: fewer units sold, prices down 3,627 units sold in 2009 (compared to 3,869 in 2008) $348,000 median price; down from $372,000 in ’08 (-6.5%)
If you’d like more info on the subject, including data for single families and other metro-area towns, get in touch and I’ll be happy to send you a PDF of the Greater Boston Real Estate Board’s “Real Estate Rewind” report.