We have updated the Reenstierna Suburban Boston Apartment Index. It is posted here as well as at the "Index" link on the menu bar.
The chart reflects the rebound in apartment prices from 2009 to
2010-2011 in Greater Boston. The chart makes use of "paired sales"
(sales and resales of the same property) to produce data points,
which become the line chart that is shown. The data come from
suburban rather than urban locations, including suburbs from Dedham
and Arlington to Route 495. Sales from locations in Boston and
smaller cities (Lawrence, Lowell, Chelsea) are not included. A
graph of price trends in some of these would show a weaker rebound
or a continuation of prices at the low end reached in 2009.
Eric Reenstierna Associates LLC is a real estate appraisal firm taking on valuation and consultation assignments in Greater Boston, Massachusetts and New England. Eric Reenstierna, MAI, is the office's principal and is a commercial real estate appraiser.
24 Thorndike Street
Cambridge, Massachusetts 02141
(617) 577-0096
ericreen@tiac.net