I scrolled through the deeds recorded for property in Lowell for the first three weeks of October 2012 and compared the sales price on those that appeared to be arms' length transactions with the previous sale of that same property. I excluded cases where the previous sale was before 2000 and also excluded all in which either the current or former sale was for $1 or something like that. I also excluded those in which the previous sale was a foreclosure. Here is what I found:
Lawrence St (condo) - $134,900. Previous sale in Dec 2000 - $106,000
Bachelder St - $94,900. Previous sale in July 2005 - $200,000
East Meadow Rd (condo) - $93,000. Previous sale in Nov 2004 - $142,000
Rockdale Ave - $85,000. Previous sale in Sept 2011 - $41,500
Havilah St - $256,000. Previous sale in Sept 2011 - $415,000
Weed St (condo) - $187,500. Previous sale in Aug 2002 - $224,450
Belle Ave - $225,000. Previous sale in Feb 2001 - $98,750
Westview Rd - $194,000. Previous sale in Sept 2007 - $208,000
Middlesex St (condo) - $140,000. Previous sale in Aug 2005 - $165,000
Jackson St (condo) - $141,000. Previous sale in Oct 2007 - $183,900
Central St (condo) - $113,500. Previous sale in May 2001 - $49,400
Sixth Ave - $270,000. Previous sale in July 2012 - $158,699
Monday, October 22, 2012
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