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Old 03-07-2020, 07:27 PM
 
5,016 posts, read 3,924,923 times
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https://www.bostonmagazine.com/prope...y-home-prices/

I posted the Boston Magazine list for 2019, so I figured I'd do the same for 2020.

The chart shows 2018 and 2019 median single family home prices, along with the one year change, five year change, and ten year change.

For the first time in years, the YoY increases seem far more evenly distributed across Massachusetts. The usual suspects at the top of the % increase list, like Melrose, or Reading, or Wakefield, seem to have plateaud a bit. Some stand out towns in 2019 that had not shown massive growth in previous years- Gloucester, Beverly, Dover, Duxbury, Concord, Medfield, Topsfield. Seems like towns outside of 95 are finally getting their turn.

And despite forecasts of stagnancy in home prices, seems like it's steady as she goes. We now have 17 "$1M dollar towns", up from just three pre-recession. Pretty wild.
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Old 03-07-2020, 08:50 PM
 
349 posts, read 321,341 times
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I'm enjoying that sweet, sweet 41% Cambridge real estate increase. Or, these statistics are so incomparable that you can't draw conclusions about the market. At least normalize by per square foot and include condo sales.
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Old 03-07-2020, 08:55 PM
 
2,710 posts, read 1,737,535 times
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Why did Halifax increase so much? It's difficult to get there.
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Old 03-07-2020, 09:57 PM
 
Location: Bergen County, New Jersey
12,169 posts, read 8,026,863 times
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2019 saw huge increases. My god.

Thank god I'm out of here come Fall.
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Old 03-08-2020, 05:41 AM
 
Location: Massachusetts & Hilton Head, SC
10,029 posts, read 15,675,599 times
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Quote:
Originally Posted by matrix5k View Post
Why did Halifax increase so much? It's difficult to get there.
Commuter rail.
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Old 03-08-2020, 02:22 PM
 
5,016 posts, read 3,924,923 times
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Quote:
Originally Posted by yellowstatus View Post
At least normalize by per square foot and include condo sales.
They have median condo prices too.
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Old 03-08-2020, 07:36 PM
 
Location: Needham, MA
8,545 posts, read 14,033,805 times
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Quote:
Originally Posted by yellowstatus View Post
I'm enjoying that sweet, sweet 41% Cambridge real estate increase. Or, these statistics are so incomparable that you can't draw conclusions about the market. At least normalize by per square foot and include condo sales.
How does giving you a median price per square foot provide any additional insight? Homes and lots in this area are so irregular and often the land is more valuable than the structure on it.
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Old 03-08-2020, 08:28 PM
 
2,710 posts, read 1,737,535 times
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Quote:
Originally Posted by CaseyB View Post
Commuter rail.
Why did the home prices increase so much though? They had commuter rail before.
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Old 03-09-2020, 05:19 AM
 
Location: The Moon
1,717 posts, read 1,809,601 times
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Quote:
Originally Posted by matrix5k View Post
Why did the home prices increase so much though? They had commuter rail before.
You'd really need to look at the data. For example, if there aren't typically many sales in town but a fancy new 55+ or condo community goes in one year it can skew the data. These lists doesn't capture everything, or it can manipulated to provide many outcomes. Just like the folks on here who say "my mediocre school district is really the top school district if you just measure x vs y instead of what everyone else does!"
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Old 03-09-2020, 08:40 AM
 
349 posts, read 321,341 times
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Quote:
Originally Posted by MikePRU View Post
How does giving you a median price per square foot provide any additional insight? Homes and lots in this area are so irregular and often the land is more valuable than the structure on it.
This is true of any summary statistic; you are summarizing with a tradeoff of collapsing the nuance. What statistics would you rather see to evaluate market conditions?
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