Boston condo and real estate sales report, December 5, 2009
The following is Boston Proper condo and real estate sales data for the 30 days ending December 5, 2009 (November 28, 2009) (and December 5, 2008, where possible).
Number of units currently on the market: 879 (946) (N/A)
Average days on market: 153 (155) (N/A)
Median list price: $639,000 ($632,000) (N/A)
Average list price: $1,054,209 ($1,033,084) (N/A)
Price changes: 172, -4.70%, -$40,200.89) (183, -4.97%, -$40,290.46) (N/A)
Expired: 99, average 166 days on market (81, average 151 days on market) (N/A)
Number of units under agreement: 91 (107) (N/A)
Median UAG price: $599,000 ($590,000) (N/A)
Average UAG price: $880,197 ($805,017) (N/A)
Number of units sold (past 30 days): 157 (154) (115)
Average days on market: 123 (112) (104)
Months of supply: 5.60 (6.14) (N/A)
Median close price: $544,000 ($531,250) ($530,100)
Average close price: $780,072 ($731,320) ($638,607)
Original list to close price: 90% (91%) (90%)
Sales velocity: $122,471,294 ($112,623,344) ($73,439,850)
Thoughts: Under agreements are trending down but with limited inventory, it’s a tight market out there.
This report includes sales and inventory information for condominiums located in the following downtown Boston neighborhoods: Charlestown, North End, Waterfront, Seaport District, South End, Chinatown, Theater District, Financial District, Leather District, The Fenway, Back Bay, Beacon Hill, West End, and Midtown.
Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc. for the period between 11/05/2009 – 12/05/2009, 10/28/2009 – 11/28/2009, and 11/05/2008 – 12/05/2008.
Photo of my old condo courtesy Sebastian Diesel at LoftsBoston.com
