Boston condos and real estate sales report for week ending February 3, 2013

The following is Boston Proper condo and real estate sales data for the month ending February 3 2013, (January 27 2013), (February 5 2012), (January 29 2012), (February 6 2011), (January 30, 2011), (February 6 2010), and (February 6 2009) where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 265 (265) 479 (477) 606 (600) (817) (N/A)
Average days on market: 112 (109) 150 (153) 163 (167) (157) (N/A)
Median list price: $895,000 ($899,900) $795,000 ($785,000) $675,000 ($674,500) ($615,000) (N/A)
Average list price: $1,429,482 ($1,436,795) $1,200,067 ($1,200,752) $1,104,381 ($1,110,902) ($1,076,424) (N/A)

Number of units sold (past 30 days): 75 (98) 82 (87) 69 (71) (91) (60)
Average days on market: 85 (77) 115 (125) 130 (126) (154) (118)
Median close price: $755,000 ($648,500) $588,250 ($563,000) $727,000 ($720,000) ($550,000) ($400,000)
Average close price: $1,107,026 ($1,040,393) $777,871 ($765,772) $971,922 ($985,524) ($813,355) ($719,786)
Original list to close price: 97% (97%) 94% (94%) 92% (90%) (93%) (93%)
Sales velocity: $83,034,420 ($101,958,545) $63,785,460 ($66,622,150) $67,062,617 ($69,972,184) ($74,015,290) ($43,187,183)

Thoughts: Very quiet out there for new listings.

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.