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Joe is correct. There are several factors that you will need to look at. Make sure you are looking at Sq. Ft. and price combined as well as accounting for any additional features or amenities that might influence price. One important thing is to look at the sale price and not asking prices as these can be severely skewed. Keeping documentation will be very helpful. It seems Joe can help get you going in the right direction.
Aug 19, 2008 at 11:39 AM
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Hi Louis. I am a Realtor with Sotheby's in the Back Bay and I would be happy to give you any information you would like. It is true that you can get a sense of the number bedrooms based on square footage, but there are so many other factors to consider in the Back Bay - full service, doorman, 1st block of Comm Ave, waterside Beacon. Not to mention that there are 2 beds at 700 SF listed at 650k and then there are 2 beds that are 2100 SF and listed at 2 million. Feel free to contact me for more detailed information. Regards, Joe
Aug 19, 2008 at 7:39 AM
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The best way is to review the past monthly and quarterly real estate reports. They break it down by area. You can use that as a basis for the specifics on the area and general movement on price. As for the specifics on condos you can use previous property transfers in the area. You can typically tell which are 2,3 or 4 bedrooms using Sq.Ft. and price, after a little bit of review.
Just keeping your eye on the market for a while will tell you a great deal.
Jul 8, 2008 at 10:56 PM
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4 responses
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