Just take a look at year-to-date sale prices in the many neighborhoods that make up Boston proper.
Only Mattapan, Allston and Roslindale bucked the trend, with prices up in August in Charlestown, South Boston, Hyde Park, Jamaica Plain, Roxbury, East Boston, Brighton and Dorchester, according to The Warren Group, publisher of Banker Tradesman. Median sale prices range from $637,500 in Charlestown to $256,000 in Dorchester.
Meanwhile, condo prices in downtown Boston – including Back Bay, South End, North End, Beacon Hill and the Fenway – are positively soaring.
The median downtown condo price hit $515,000 in the second quarter, according to Boston condo market tracker LINK, surpassing the previous high of $498,000 reached in 2008, just before the global market meltdown that fall, the Globe reports.
The number of units sold was up 36 percent as well.
So have all the bargains been scooped up? What is a poor buyer to do?