Price cuts are rare but out there

Home price reductions — get them while you still can!

The number of condos and single-family homes in the Bay State with price changes during the past month was 847, down 83 percent from the 4,975 properties with price reductions during the same period last year.

Here are a few Massachusetts properties that have seen recent price cuts.

On 87 Federal St. in Salem is a historic Colonial known as the Albert Goodhue House. Built in 1893, the home "is a fine example of Colonial Revival style, combining elements from Georgian Colonial and Federal vernaculars," said listing agent Kathleen Sullivan of RE/MAX Advantage Real Estate. Currently, the house — listed for $800,000, down from $925,000 — is a three-family with a magnificent two-level owner's unit and two rental units. The building has a number of historic details such as corner quoins, end Palladian windows, cornice dentil molding, round-arched dormers, an end bay window and five fireplaces.

Originally listed for $829,000, Unit 1 at 191 Beacon St. in Back Bay has been reduced to $799,000. The 1,219-square-foot, two-bedroom home with two full bathrooms comes with its own private patio. There are maple hardwood floors throughout and the living room has a tray ceiling with crown molding. The unit is leased for $4,200 until the end of May 2014 and is listed with The Charlesgate Realty Group.

On Beacon Hill at 58 Myrtle St., Unit 5 was originally listed for $699,000 and has recently been reduced to $675,000. This two-bedroom, one-bath penthouse condo is at the "top of the hill" and features windows on three sides. The 1,040-square-foot, floor-through home has an open eat-in kitchen with exposed brick and stainless steel appliances. There is a common roof deck with city views, one flight up. The property has been on the market about one month and is listed with Maureen O'Hara of Coldwell Banker Residential.

Listed in November with Andrea McDonough of Bushari Group Real Estate for $675,000, the single-family home at 565 Winter St. in Framingham has been reduced to $640,000. The three-bedroom, three-and-a-half bath contemporary home has water views of the Stearns Reservoir off the large deck. The home features an open loft-style layout with an open kitchen, living and dining area. There is an oversized stone fireplace that can be seen from all rooms as well as a mezzanine loft surrounded by large windows with three exposures.

At 368 Dorchester St. in South Boston, Unit 1 came on the market a month ago at $579,000 and has been reduced to $539,000. The two-bedroom condo on two levels offers over 1,300 square feet of living space as well as garage parking for one car. The home features two spacious bedrooms and a large kitchen equipped to professional grade standards. The lower level boasts a living area outfitted with a gas fireplace and surround sound. The home is listed with Melinda Sarkis of Hammond Residential.

Jennifer Athas is a licensed real estate broker. Follow her on Twitter @JenAthas.

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