[identity profile] duffless2323.livejournal.com posting in [community profile] davis_square
Do any of you know the going rate for condos in the greater Davis area (by that I mean places where I could walk to Davis Square in under 20 min) but still be in a good/decentish area. I know right in the square would be very pricey - I'm just kind of exploring the idea with each rent check I flush down the toilet,  prices seem all over the place when I look on CL. 

What do you think would be a expected cost for 1 or 2 bed? Have any of you looked lately, if so what are you seeing?

Thanks

Date: 2008-04-25 10:58 am (UTC)
From: [identity profile] cold-type.livejournal.com
Prices are coming down. A 934-square-foot condo on Washburn Street went for $243,333 on Feb. 1, 2008. A 2-bedroom, 985-square-foot on Morrison in a great loctation went for $350,000 on Feb. 21, below its assessed value. A newly renovated 1-bedroom condo on Liberty Avenue is listed at $250,000. And I've seen some units sitting on the market for months, suggesting prices will come down further. One real estate agent told me: "In this market, no one gets their asking price." I'm sure there are exceptions, but it does look like that's the overall trend. That said, it's still an expensive area.

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