Abbreviated report this week because I apparently didn’t do updates in 2012 and 2011 so I have limited data from which to pull.
The following is Boston Proper condo and real estate sales data for the month ending March 10 2013 (March 3 2013) March 10 2012 and March 2011 where available. All condominium closings recorded by our local MLS during the past month.
Number of units currently on the market: 308 (289) N/A N/A
Average days on market: 91 (95) N/A N/A
Median list price: $829,000 ($849,000) N/A N/A
Average list price: $1,331,651 ($1,381,655) N/A N/A
Number of units sold (past 30 days): 80 (68) 81 75
Average days on market: 78 (89) 135 161
Median close price: $646,000 ($697,250) $710,000 4590,000
Average close price: $1,024,256 ($1,034,729) $1,080,774 $823,376
Original list to close price: 98% (98%) 94% 92%
Sales velocity: $81,940,500 ($70,361,600) $87,542,688 $61,753,177
Thoughts: A slight jump in on-markets is welcomed news but activity has jumped, too, so negligible effect. What are you seeing out there?
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.