Boston condos and real estate sales report for week ending 2/24/2013

The following is Boston Proper condo and real estate sales data for the month ending February 24 2013 (February 17 2013) February 26 2012 (February 19 2012) February 27 2011 (February 20 2011) (February 27 2010) and (February 27 2009) where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 280 (278) 520 (498) 668 (640) (939) (N/A)
Average days on market: 99 (103) 134 (140) 156 (159) (136) (N/A)
Median list price: $882,000 ($895,000) $775,000 ($799,000) $649,500 ($659,500) ($595,000) (N/A)
Average list price: $1,379,876 ($1,447,880) $1,176,274 ($1,184,653) $1,069,226 ($1,077,343) ($1,036,364) (N/A)

Number of units sold (past 30 days): 64 (66) 67 (72) 65 (63) (96) (63)
Average days on market: 76 (88) 121 (122) 159 (144) (122) (125)
Median close price: $689,750 ($675,000) $675,000 ($640,000) $635,000 ($625,000) ($577,500) ($505,000)
Average close price: $945,844 ($917,110) $991,093 ($1,006,934) $802,705 ($779,492) ($882,984) ($815,243)
Original list to close price: 97% (97%) 93% (93%) 91% (92%) (92%) (93%)
Sales velocity: $60,534,015 ($60,529,270) $66,403,260 ($72,499,260) $52,175,810 ($49,108,017) ($84,766,489) ($51,360,313)

Thoughts: Gloomy Sunday may keep people away from open houses today but the market is still stronger than it has been compared to prior years.

This report includes sales and inventory information for condominiums located in the following downtown Boston neighborhoods: South End, Back Bay, Beacon Hill, West End, North End, Waterfront, Seaport District, Chinatown, Leather District, Midtown, and Fenway.

Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc.

Author: John Keith

John A Keith is a licensed real estate broker in Boston, Massachusetts. He helps buyers and sellers of condos and single-family homes in all of Boston’s neighborhoods.

He is also a writer whose work has appeared in South End News, Boston Courant, Back Bay Patch, and Boston Herald.