Otis & ahearn year end 2013 key data points review & perspective

Otis&Ahearn Real Estate
Otis&Ahearn Real EstateOtis&Ahearn Real Estate
Downtown Boston Condominiums
In 2013, the Average Selling Price of a
Condominium in Downtown Boston was:
11% higher than 2012
5% higher than 2008
26% higher than 2005
56% higher than 2003
YE Average Selling price:
$751,956

Financial Crisis begins with Implosion of Lehman Brothers

(National Housing Bubble)

S&P Case Shiller Home Price Index Peaks

YE Average Selling price:
$481,896

Baseline Year Economy Emerging from .com Recession

2013 Year End Review & Perspective

Disclaimer: Data is taken from sources deemed to be reliable but is subject
to errors and omissions. Downtown Boston Market includes: Back
Bay,
Bay
Village,
Beacon
Hill,
East
Cambridge,
Chinatown,
Fenway,
Financial
District,
Leather
District, Midtown, Navy Yard, North End, Seaport, South Boston, South
End, West End, Waterfront.

2003~2004~2005~2006~2007~2008~2009~2010~2011~2012~2013
Downtown Boston Condominiums
In 2013, the Median Selling Price of a
Condominium in Downtown Boston was:
10% higher than 2012
17% higher than 2008
18% higher than 2005
46% higher than 2003
YE Median Selling price:
$550,900

Financial Crisis begins with Implosion of Lehman Brothers

(National Housing Bubble)

S&P Case Shiller Home Price Index Peaks

YE Median Selling price:
$423,000

Baseline Year Economy Emerging from .com Recession

2013 Year End Review & Perspective

Disclaimer: Data is taken from sources deemed to be reliable but is subject
to errors and omissions. Downtown Boston Market includes: Back
Bay,
Bay
Village,
Beacon
Hill,
East
Cambridge,
Chinatown,
Fenway,
Financial
District,
Leather
District, Midtown, Navy Yard, North End, Seaport, South Boston, South
End, West End, Waterfront.

2003~2004~2005~2006~2007~2008~2009~2010~2011~2012~2013
Downtown Boston Condominiums
In 2013, the Total Sales Absorption of
Condominiums in Downtown Boston was:
18% higher than 2012
28% higher than 2008
15% higher than 2005
65% higher than 2003
YE Total Absorption:
$2,864,198,903

Financial Crisis begins with Implosion of Lehman Brothers

(National Housing Bubble)

S&P Case Shiller Home Price Index Peaks

YE Total Absorption:
$1,731,452,005

Baseline Year Economy Emerging from .com Recession

2013 Year End Review & Perspective

Disclaimer: Data is taken from sources deemed to be reliable but is subject
to errors and omissions. Downtown Boston Market includes: Back
Bay,
Bay
Village,
Beacon
Hill,
East
Cambridge,
Chinatown,
Fenway,
Financial
District,
Leather
District, Midtown, Navy Yard, North End, Seaport, South Boston, South
End, West End, Waterfront.

2003~2004~2005~2006~2007~2008~2009~2010~2011~2012~2013
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Otis & ahearn year end 2013 key data points review & perspective

  • 1. Downtown Boston Condominiums In 2013, the Average Selling Price of a Condominium in Downtown Boston was: 11% higher than 2012 5% higher than 2008 26% higher than 2005 56% higher than 2003 YE Average Selling price: $751,956 Financial Crisis begins with Implosion of Lehman Brothers (National Housing Bubble) S&P Case Shiller Home Price Index Peaks YE Average Selling price: $481,896 Baseline Year Economy Emerging from .com Recession 2013 Year End Review & Perspective Disclaimer: Data is taken from sources deemed to be reliable but is subject to errors and omissions. Downtown Boston Market includes: Back Bay, Bay Village, Beacon Hill, East Cambridge, Chinatown, Fenway, Financial District, Leather District, Midtown, Navy Yard, North End, Seaport, South Boston, South End, West End, Waterfront. 2003~2004~2005~2006~2007~2008~2009~2010~2011~2012~2013
  • 2. Downtown Boston Condominiums In 2013, the Median Selling Price of a Condominium in Downtown Boston was: 10% higher than 2012 17% higher than 2008 18% higher than 2005 46% higher than 2003 YE Median Selling price: $550,900 Financial Crisis begins with Implosion of Lehman Brothers (National Housing Bubble) S&P Case Shiller Home Price Index Peaks YE Median Selling price: $423,000 Baseline Year Economy Emerging from .com Recession 2013 Year End Review & Perspective Disclaimer: Data is taken from sources deemed to be reliable but is subject to errors and omissions. Downtown Boston Market includes: Back Bay, Bay Village, Beacon Hill, East Cambridge, Chinatown, Fenway, Financial District, Leather District, Midtown, Navy Yard, North End, Seaport, South Boston, South End, West End, Waterfront. 2003~2004~2005~2006~2007~2008~2009~2010~2011~2012~2013
  • 3. Downtown Boston Condominiums In 2013, the Total Sales Absorption of Condominiums in Downtown Boston was: 18% higher than 2012 28% higher than 2008 15% higher than 2005 65% higher than 2003 YE Total Absorption: $2,864,198,903 Financial Crisis begins with Implosion of Lehman Brothers (National Housing Bubble) S&P Case Shiller Home Price Index Peaks YE Total Absorption: $1,731,452,005 Baseline Year Economy Emerging from .com Recession 2013 Year End Review & Perspective Disclaimer: Data is taken from sources deemed to be reliable but is subject to errors and omissions. Downtown Boston Market includes: Back Bay, Bay Village, Beacon Hill, East Cambridge, Chinatown, Fenway, Financial District, Leather District, Midtown, Navy Yard, North End, Seaport, South Boston, South End, West End, Waterfront. 2003~2004~2005~2006~2007~2008~2009~2010~2011~2012~2013