On the Property Monger, Jon writes that while Zillow may be cool, it doesn't know beans when it comes to Boston property values, because it ranks Roxbury as more desirable than Kenmore Square.

Diana delivers the news:

... Four years ago there were no houses under $500,000. Two years ago there were practically none under $600,000. Now there are quite a few under $600,000. Not that those are the "wonderful Wellesley houses" newcomers want, however. Any house in Wellesley that's selling for $650,000 or less will need work (or demolition) to meet the higher standards of today's buyers coming into a town like this.

In recent months, several houses have been listed below assessed value - clearly not a good sign! ...

Well, clearly not a good sign for sellers, but good news for buyers and schadenfreude fans. Plus, she provides examples of sellers with completely unrealistic expectations.

John Keith shows you what sort of home you can buy for $300,000 in different Boston neighborhoods these days.

Borderline reports:

... [I]t's once again possible to buy a single-family detached home in Newton for less than $400,000. ...

Chris Cagle explores the idea that housing in Boston would be a lot cheaper if only government hadn't allowed soul-searing architectural excesses such as Government Center and those "If you lived here" towers. Why? Read his complete post, but basically, it's because to this day, people are wary of large-scale development, even in areas that could benefit from it, if done right, he says.

The Beacon Hill Times declares it sees no reason to panic in light of the local real-estate slowdown. After all, this IS Beacon Hill we're talking about, it will always be in demand, and even people who have to sell their condo right now should stop fretting:

... The difference between a couple hundred thousand dollars in value when you're selling a piece of property worth a few million or a few thousand in a property worth hundreds of thousands isn't going to trouble you as much as you think. ...

Well, phew!

John Keith looks at 400-to-500-square-foot condos on Beacon Street going for as much as $479,000:

... Sweet lord.

I'm a real estate agent, and my business is real estate, and I know real estate, and love real estate, but I tell you. There is no way I'd pay that much for a condo that size. ...

High cost of housing or lack of good jobs?

Curbed, which long confined itself to covering the real-estate market south of the Bronx and north of Staten Island, has decided to cover our Fair Hub (just in time to watch the local housing bubble burst; hooray, more options for Brooklynites priced out of the City!). But they're having some trouble with the concept that Boston just doesn't have boroughs (kids, they're called "neighborhoods").

Also see: The Boston Real Estate Blog and Boston Housing Market Update.