(To read more on the multifamily market, click here.)

BOSTON-Reports from ForeclosuresMass Corp. and the BostonDepartment of Neighborhood Development revealed that foreclosuresare increasing by double digits throughout Massachusetts andGreater Boston. The Boston report also shows that, throughout thecity, sales prices of condos, which represented 67% of all 2005residential sales, rose just 0.2%, versus a 4.6%-increase insingle-family homes. However, condo prices in the city's mostaffordable neighborhood in 2004, East Boston, jumped 18.9%, asteeper 2005 increase than occurred in condo sales in any of the 14other neighborhoods.

The median price of a condo in East Boston rose from $219,000 in2004 to $260,287 a year later, according to the report. At the sametime, the median price of a condo in Central Boston increased to$525,000, up 15.3% from the previous year, and the median condosale in Back Bay/Beacon Hill hit $525,000, a 9.4%-rise for theyear. The lowest increase, 0.3%, occurred in Jamaica Plain, wherethe median condo sale reached $324,900 at year-end 2005. At thattime, Mattapan registered the lowest median condo sale price of allBoston neighborhoods, $237,500, up 8% from its median in 2004.