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    JP Market Update July 2018

    Jamaica Plain Market Update  July 2018  Don't be confused by the numbers.  It might appear that inventory...

    • Juan Murray
    • August 16th, 2018
    • 1 min read

    Jamaica Plain Market Update 

    July 2018 

    Don't be confused by the numbers.  It might appear that inventory levels are up significantly at 65% (38) but when compared to this same time period in 2009 ... not so good.  Check out the "On Market" snapshot for the following years:

    • 2009 - 155 Units
    • 2010 - 192 Units
    • 2011 - 165 Units 
    • 2012 - 87 Units

    Ideally, we should be around 150 Units which gives an absorption rate of around 3 months which is considered healthy.

    The 170% blip you see in the last graphic is due to a minor glitch when an agent initially (and accidentally) priced a property at $2,200 and it then sold for $360,750.

    My glass is half full ... what about yours?

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    About the author

    Juan Murray

    (617) 721-0961
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    Juan got his start in the residential real estate market in 1994 and has never looked back. His mission is to provide excellence to his clients, and he is always looking for ways to improve the real estate experience for his clients and colleagues in the industry. Early in his real estate career, he worked as the Housing Rehabilitation Director for a national non-profit organization, Neighborhood Assistance Corporation of America (NACA). His goal was to gain more knowledge of the construction and renovation of existing homes in conjunction with working with 1st-time buyers. He effectively managed over 25 residential construction project managers on the East & West coasts while implementing procedures to improve communication between contractors, property owners, and banking representatives. He also developed resources, designed processes, and organized all aspects of real estate property acquisition and renovation. Juan completed a home inspector licensing course on his way to becoming a licensed home inspector. But after completing 30 inspections as an apprentice observer, after crawling under numerous porches and “crawl spaces,” he decided it wasn’t his cup of tea. Juan has always had a sharp eye for market trends and an innate understanding of what his clients need. That’s why, as a top real estate agent in Boston, he is constantly ahead of the curve, anticipating changes in the market and helping his clients manage their real estate goals. His keen intellect, quick wit, and tireless work ethic make him an invaluable partner for anyone looking to buy or sell property in the Boston area (or via his referral partners worldwide). Although Real Estate is a large part of his life, it is not the only part. He loves hanging out with family and friends, being in the kitchen, enjoying great food, anything Apple or Cole Haan, gadgets, great cigars, F1, motorcycles, photography, and traveling (to name a few). He lives with integrity and tries not to take life too seriously.

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    Juan Real Estate Group

    Juan Real Estate Group

    769 Centre St, Suite 209, Jamaica Plain, MA 02130

    769 Centre St, Suite 209, Jamaica Plain, MA 02130

    Call Us:

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    [email protected]

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