East Boston Condos Down Like Pillows

Tony from Tony’s Realty over in East Boston noted that East Boston Condos were like pillows; “Down”, in a recent blog post he wrote.

In 2008, as recorded by our Multiple Listing Service, 104 condos were sold in East Boston. The average selling price was $230,748 and the average days on market (DOM) was 138 days. The average price per square foot was $228.

These figures differ from 2007, when 142 condos were sold. The average days on market was similar at 137 days, but the average price for the previous year was $256,844, and the average price per square foot in 2007 was $277. From 2007 to 2008, there was a decrease in value per square foot of approximately 18%.

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