http://www.bankerandtradesman.com/blogs/housingscene/2009/06/02/where-condo-prices-are-on-the-rise/ Just another Warren Group Blogs weblog Thu, 17 May 2012 05:54:52 +0000 http://wordpress.org/?v=2.6.5 http://www.bankerandtradesman.com/blogs/housingscene/2009/06/02/where-condo-prices-are-on-the-rise/#comment-595 Nick Warren Wed, 10 Jun 2009 15:08:43 +0000 http://www.bankerandtradesman.com/blogs/housingscene/?p=117#comment-595 I agree that the low end of the condo market is moving. Until the past week, the combination of really low rates and the $8000 tax credit has got a lot of first time home buyers off the fence and into the market. Last year we were selling mostly in the $800,000+ category. This year, my sales have averaged $350,000-750,000. Somerville, Waltham, and Cambridge are all hot spots for first time home buyers which is driving up the activity and prices. I agree that the low end of the condo market is moving. Until the past week, the combination of really low rates and the $8000 tax credit has got a lot of first time home buyers off the fence and into the market. Last year we were selling mostly in the $800,000+ category. This year, my sales have averaged $350,000-750,000. Somerville, Waltham, and Cambridge are all hot spots for first time home buyers which is driving up the activity and prices.

]]> http://www.bankerandtradesman.com/blogs/housingscene/2009/06/02/where-condo-prices-are-on-the-rise/#comment-568 jeff Ryan Wed, 03 Jun 2009 16:27:55 +0000 http://www.bankerandtradesman.com/blogs/housingscene/?p=117#comment-568 It would appear lowe end real estate is moving, the tax credit of $8,000 appears to be working. Also buyers are buying foreclosed properties. It would appear lowe end real estate is moving, the tax credit of $8,000 appears to be working. Also buyers are buying foreclosed properties.

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