January 27, 2009 Mara Bushari

According to data recently released by LINK, the Listing Information Network Inc., inventory in the downtown Boston condo market dropped 16 percent, from 1,022 in September to near a record low of 863 in December. Owners are simply opting not to sell if they don’t have to. They are leasing their properties or continuing to live in them.

Though Boston area sales declined 20 percent in the fourth quarter, the full-year data showed median sales prices rose, from $460,000 in 2007 to $475,000 in 2008. The median selling price for luxury properties increased by nearly 9 percent, from $699,000in 2007 to $730,000 in 2008. We are seeing that the luxury market is doing remarkably well, while other neighborhoods show price declines partially due to high foreclosure rates.

Mara Bushari

Mara is a creative thinker and strategic marketer. She graduated Summa Cum Laude from Boston University’s College of Communication and worked in international finance before joining The Bushari Team. Mara strives to exceed expectations. As Client Relations Specialist, she is a key facilitator in all team transactions, making the buying or selling process as stress-free as possible for the client. Mara learned many of her extraordinary organizational and problem-solving skills during her service in the Israeli Defense Forces, where she earned the “President’s Award” for exceptional service. In the military, Mara solidified her abilities to achieve top results in high pressure and time sensitive situations. In her spare time, Mara enjoys skiing, photography and writing.

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