SalemNews.com, Salem, MA

Business

Discussion

The Salem News has a real-name policy for commenting. Users may sign in using the Facebook Connect tool above the comments field. Once your first comment is posted by a moderator, all future comments will post automatically. If you prefer not to use Facebook, send an e-mail with your comments user name (which must be the same as your real name), city or town, street address and daytime phone number to comments@salemnews.com. A staff member will contact you directly to confirm your identity. It may take a day or two before you can post comments. Only your user name will be public. All users are required to follow our rules for commenting, which can be found here.

comments powered by Disqus
April 1, 2008

At a glance: Home prices plunge

By Ethan Forman

The median price of single-family homes in the Bay State suffered its largest monthly plunge since December 1990, The Warren Group announced last week. Condominium sales saw their largest monthly declines since May 1993.

Statewide, median home prices fell 8.8 percent in February — from $330,000 a year ago to $301,000 last month. Essex County median home prices fell 10.25 percent from February 2007 to February 2008.

Here is a breakdown of sale price changes on the North Shore.

Community Feb. 2007 Feb. 2008 Percent change

Beverly $350,000 $340,001 -2.86%

Boxford $850,000 $599,000 -29.53%

Danvers $443,750 $315,000 -29.01%

Ipswich $499,900 $395,000 -20.98%

Marblehead $517,500 $400,000 -22.71%

Peabody $337,000 $327,500 -2.82%

Salem $361,500 $310,000 -14.25%

Swampscott $602,000 $426,000 -29.24%

Wenham $403,00 $425,000 +5.46%

2007* 2008 Percent change

Hamilton $640,000 $570,000 -10.94%

Manchester $770,000 $1,075,000 +39.61%

Middleton $417,500 $350,000 -16.17%

Topsfield $470,000 $406,500 -13.51%

Source: The Warren Group

*Numbers for Hamilton, Manchester, Middleton and Topsfield represent year-to-date prices because there were no sales recorded in Hamilton, Middleton and Topsfield in February 2008, and no sales in Manchester in February 2007.

Text Only | Photo Reprints
Business

AP Video
Stocks Fall Sharply As Greek Deal Is Held Up $25B Settlement Reached Over Foreclosure Abuses States, Banks Reach Foreclosure-abuse Settlement Bernanke: Recovery Depends on Consumer Spending And the Winner for Best Super Bowl Ad Is... Unemployment Rate Down to 8.3% Hiring Burst Pushes Jobless Rate Down to 8.3% Status Update: Facebook to Go Public, Raise $5B Pfizer Recalls 1M Birth Control Packs Pfizer Recalls 1M Birth Control Packs After Mixup $10 Billion Deutsche Boerse, NYSE Merger Blocked Stocks Have Best January Since '97 Serbia Buys US Steel Plant for $1 Will Investors 'Like' Facebook After IPO? Fed Moves Mean Little Interest for Savers Fed Unlikely to Raise Rates Until at Least 2014 RIM's Future Lies With New CEO's Decisions Lagarde to Europe: Boost Growth and Protections Tom Curley Announces His Retirement AP CEO Tom Curley Announces His Retirement
NDN Video
Sandusky on having to stay inside and people turning on him Wookie Sensation Uzbek Man Pleads Guilty in Plot to Kill Obama Woolly Mammoth Caught on Camera? Sandusky makes a statement Did JLo 'Assault' Marc Anthony on Camera? Christie Brinkley's Runway Slip Toddler forced to run half-naked in snow Halle Wants to Leave the Country Northern Lights shine above earth Plane makes perfect belly landing Kris Jenner New Face of Arousal Oils Raw Video: School Bus Burst Into Flames Trending: Zip it! What's in Steve Jobs' FBI file? SJP Talks About Replacing Demi Moore in 'Lovelace' Over 200 dead dolphins wash ashore Lady Gaga's Battle With Bulimia Evacuation at Sea Osama Bin Laden Zombie Movie: "Osombie" Teaser Released
Comments Trcker