Home sales by city neighborhood
Live Baltimore Home Center has updated its neighborhood home sales stats -- now you can see city neighborhood sale numbers and both average and median prices through 2008.
Because the stats go back to 1998, you can track pre- and post-bubble activity in the neighborhoods you're most interested in.
Live Baltimore is using property transfer data. That means these figures include sales that weren't on the multiple list and don't get picked up by Metropolitan Regional Information Systems.
See any notable trends? Do share.
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Comments
Because Baltimore has so many neighborhoods, it's hard to really parse out how much sales have changed because the sample sizes are so small, right? I mean, if a neighborhood has only 10 houses sold in the period, can we say anything definitive about how the sales went up or down 30%? Isn't that partly just how nice the individual houses are, not the same house being sold years apart?
Posted by: Justine | June 18, 2009 4:42 PM
Hi, Justine! Sure, some ups and downs in sales have nothing to do with booms and busts. By 2008, though, the sales drop was so widespread that just about every nook and cranny felt some impact.
In any case, when I do a neighborhood-by-neighborhood analysis for stories, I include only those areas with at least 10 sales in any year I'm comparing. Helps me avoid obvious apples-to-oranges problems. And I'm happier when an area has 50 sales or more.
Posted by: Jamie Smith Hopkins | June 18, 2009 6:57 PM