Boston condo and real estate sales report, February 20, 2010
The following is Boston Proper condo and real estate sales data for the 30 days ending February 20, 2010 (February 13, 2010) (and February 20, 2009, where possible).
Number of units currently on the market: 908 (868) (N/A)
Average days on market: 141 (148) (N/A)
Median list price: $599,500 ($599,000) (N/A)
Average list price: $1,044,188 ($1,056,564) (N/A)
Price changes: 140, -5.33%, -$45,863.93 (141 -5.24%, -$45,328.73) (N/A)
Expired: 51, average 120 days on market (58, average 134 days on market) (N/A)
Number of units under agreement: 112 (94) (N/A)
Median UAG price: $584,500 ($599,000) (N/A)
Average UAG price: $898,489 ($888,887) (N/A)
Number of units sold (past 30 days): 85 (94) (55)
Average days on market: 114 (147) (114)
Months of supply: 10.68 (9.23) (N/A)
Median close price: $565,000 ($575,000) ($400,000)
Average close price: $834,280 ($893,947) ($779,810)
Original list to close price: 92% (92%) (92%)
Sales velocity: $70,913,795 ($84,925,000) ($42,889,563)
Thoughts: Lots of new listings. Lots of seller activity. Buyers, now’s your chance, beat the homebuyer tax credit deadline! Units going under agreement and closing during the past 30 days will start going up. How far is the big question.
This report includes sales and inventory information for condominiums located in the following downtown Boston neighborhoods: Back Bay, Beacon Hill, Charlestown, Financial District, Leather District, Midtown, North End, Seaport District, South End, The Fenway, Theatre District, Waterfront, West End, Chinatown, Faneuil Hall , Kenmore Square.
Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc. for the period between 01/20/2009 – 02/20/2010, 01/13/2009 – 02/13/2010, and 01/20/2008 – 02/20/2009.
Photo of my old condo courtesy Sebastian Diesel at LoftsBoston.com
