Roslindale Real Estate Market in Review

Posted by: Tim White
Posted on: Wednesday, July 25, 2007 at 4:43 pm
Categories: Financing, Education, Home Selling, Home Buying, Market Conditions, Roslindale

Over the past week, I’ve reported in detail on the various residential real estate market dynamics at play in the Boston neighborhood of Roslindale in an effort to provide readers with a better sense of the current state of the market.  The analysis itself was broken down by residential property type (e.g. single family, condos and multi-family ) as each of these segments is distinct in that they not only speak to different audiences but also because the data subsets reflecting inventory and sales rates present unique trendlines for each segment.  Furthermore, we examined each property type segment over a 24-month period using as our tools certain key market indicators such as median sales price, supply and demand by # of units, and sales rates as measured by monthly supply of inventory (MSI) in order to “see” the market through a variety of lenses, thus adding precision and clarity.

This blog post is designed to bring it all home, so-to-speak, in terms of what’s happening overall in the Roslindale real estate market as of July 2007.  But first, a quick review:

Single Family Market Conditions–In a word, the single family market in Rolsindale has been consistent over the past 24 months in terms of median sales price, supply and demand by # of units, and the sales rate measured as monthly supply of inventory (MSI).  For a more detailed accounting of this market segment click here.

Condominium Market Conditions–A bit of a mixed bag.  The perception of this market segment as demonstrated by the median sales price is not in line with the reality of the market when taking into consideration such key market indicators as supply and demand by # of units and the sales rate MSI.  There appears to be somewhat of a stalemate between perceived value on the buyer’s side versus seller’s perceived value.  It may be that adjustments need to be made on both sides.  For a mored detailed accounting of this market segment click here.

Multi-Family Market Conditions–Presently, the multi-family market in Rolsindale is stagnant and values are declining.  Unfortunately, all the key market indicators are pointing to the same difficult reality for multis in Roslindale.  For a full account of this market segment click here…and to understand why the multi-family market in general has been experiencing tough days click here.

Overall, the real estate market in Rolsindale is struggling a bit.  Although there is strength in the single family market segment, the condo market is lackluster and the multi-family market has its share of problems to overcome before that segment can fully recover.  For sellers, the key to selling is having the proper motivation, perspective, and expectation and then, after being armed with the facts, determining a realistic sell price.  For buyers, there are many opportunities in all segments of the Rozzie market, but be prepared to act when the right one comes your way.

 NEXT UP:  A CLOSER LOOK AT THE JAMAICA PLAIN REAL ESTATE MARKET

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2 Responses to “Roslindale Real Estate Market in Review”

  1. wide*angle on July 25th, 2007 11:12 pm

    Probably the best analysis of market conditions to be had in print or on-line media. You have given me, the consumer, a deeply studied , visual and thoughtful look at the real estate market. It’s amazing it’s free. Somebody should pay you for this.
    I’m sure you’ll get your rewards. In the meantime on behalf of readers, thank you.

  2. Nathan on July 26th, 2007 10:42 am

    Tim,
    I have to say, not being from Boston, that the articles you’ve been writing are very insightful. This blog, given time, will definitely take off. Good content like this will definitely make this site an authority for your area.

    Keep it up!
    Nathan

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