December sales below assessed value added to Real Estate Bubble Map

Looking for comps to substantiate a low-ball offer on a property in Greater Boston?  The Real Estate Cafe just added another 127 sales below assessed value, recorded in December 2006 across 25 of the most expensive cities and towns in Greater Boston, to it’s award-winning real estate bubble map.   

We also posted a link to past housing price corrections to a national news site, which is looking for contributions from readers, presumably real estate professionals and consumers alike.  Your comments are welcome there, or below.

PS. Yesterday, the same news service mentioned our market research in a discussion about the advantages of working with small, independent real estate agencies:

Bill Wendel, owner of the Real Estate Cafe, a buyer’s brokerage firm in Cambridge, Mass., said it can help for small companies to take a marketing approach that is “upside-down or backwards.” As an example, he said, some real estate companies may brag about the volume of listed homes that sold for over $1 million, while Wendel’s company publishes a list of “Million Dollar Markdowns” with homes that were a good value for buyers.

 

Posted in Bubble map, Market trends, Million Dollar March, Price trends, Real Estate Bubble

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