What You Can Buy In TheSouth End Of Boston If Prices Drop 30% Boston Condos For Sale Ford Realty

Well, if prices fell 30% in the South End, what would that mean for a

buyer?

Here’s the scenario:

In March, 2005, if you had been

pre-approved for a purchase of $500,000, with 20% ($100,000) down, you could have bought a

one-bedroom, one-bathroom, 761 square foot penthouse unit at 22 Union Park, #6, for

$482,284.

If prices had fallen 30%, however, you could have bought a two-bedroom,

two-bathroom, 1150 square foot fourth floor unit at 424 Massachusetts Avenue, #401, for $470,050

(it sold for $671,501, actually).

Or, a 1057 square foot, one-bedroom, one-bathroom,

fifth floor unit at Wilkes Passage, 1313 Washington Street, #513, for $448,000 (it sold for

$640,000, actually).

I am very very skeptical that this would happen, however.

So many variables out there. Still, it’s nice to pretend!

What you can buy in theSouth End of Boston if prices drop 30%