Ad-hoc Whole Foods - Median Home price data for 02130

[Jay Zoldak]

I took the statistics from zillow (see http://www.zillow.com/local-info/MA-Boston-home-value/r_44269/#{scid=mor-site-topnavlocalsub}&metric=mt%3D19%26dt%3D1%26tp%3D6%26rt%3D7%26r%3D44269%252C58644%26el%3D0) of median home sales prices for zip code 02130 from their data of March 1996 - January 2011. 

Attaching a spreadsheet with charts of the stats from a $ and a % increase perspective.

Median (all homes):

March 1996: $129,800

March 2003: $319,900, a 146% increase, where it seems to have plateaued somewhat from its steep rise

January 2011: $340,500, a 162% increase

-- JZ

[Jay Zoldak]

Hey Anne --

Thanks for looking at the stuff I sent. The zillow link I think should get you to where I was (Sales Price, 10 years, by Zip Code), I then chose Download->Chart Data and used only the numbers for 02130 not all of Boston.

The total Boston numbers for those data points are:

Median (all homes):

March 1996: $122,900

March 2003: $301,000

January 2011: $362,000

Again (just to copy paste so it's in one place), 02130 was:

March 1996: $129,800

March 2003: $319,900

January 2011: $340,500

-- JZ

On Mon, May 16, 2011 at 1:13 PM, Anne Mackin <annem...@gmail.com> wrote:

Jay,

 

Thanks for this. Here, in return, is my source on home prices, which breaks out JP for study over the last several years.

 

http://www.cityofboston.gov/dnd/pdr/real_estate_trends.asp

 

On the Zillow site, I double-clicked on zip code 02130 and got a very different graph--an up-and-down graph that didn’t show an overall climb in the last several years. I also didn't see any numbers for JP. Your numbers are for Boston rather than JP, right? Does the Zillow site have numbers for JP? If you’d like to help me compare Boston and JP home values over the last 10 years, that would be great. 

 

When showing Boston’s or JP’s housing prices, I think that, to be accurate, we have to show that home values did something very different in the last several years than the previous several years. The 146% rise in Boston home values from 1996 ($129,800) to 2003 ($319,900) was much more rapid than the 6% rise during the 7-yr period from 2003 to 2007 ($340,500). JP's number's are apparently more stable still.

 

(I’m sure you know, home values began to stagnate and decline nationwide in 2005, in what is an ongoing recession, and that has slowed the rise in home values in Boston and JP, and caused many to decline.)

 

Anyway, Boston certainly needs more affordable housing. We have a speaker coming to talk about that tonight (I hope), the Director of Research from the think tank, MassInc which studies the economic health of Mass communities.

 

Anne Mackin

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