Boston condos and real estate sales report for week ending April 12, 2015

The following is Boston Proper condo and real estate sales data for the month ending April 12 2015 April 13 2014 April 7 2013 (March 31 2013) April 8 2012 (April 1 2012) (April 10 2011) (April 10 2010) and April 10 2009 where available.

All condominium closings recorded by our local MLS during the past month.

Please contact me for further details on the state of the local real estate market and to inquire about buyer’s agent representation.

Number of units currently on the market: 243 235 345 (314) 583 (610) (906) (1,251) (N/A)
Average days on market: 63 75 73 (81) 115 (111) (124) (111) (N/A)
Median list price: $1,349,000 $1,000,000 $849,000 ($859,000) $749,900 ($699,000) ($627,000) ($589,000) (N/A)
Average list price: $1,966,645 $1,688,037 $1,306,895 ($1,345,382) $1,133,932 ($1,108,078) ($979,141) ($970,383) (N/A)

Number of units under agreement: 152 197
Average days on market: 34 35

Number of units sold (past 30 days): 103 132 118 (115) 129 (100) (107) (114) 97
Average days on market: 67 59 48 (47) 134 (137) (131) (123) 127
Median close price: $742,000 $647,750 $599,500 ($620,000) $579,000 ($665,000) ($627,600) ($520,000) $500,000
Average close price: $1,081,492 $1,076,413 $903,071 ($899,354) $780,628 ($845,405) ($919,952) ($780,426) $754,373
Original list to close price: 98% 101% 98% (99%) 94% (94%) (94%) (93%) 93%
Sales velocity: $111,393,639, $142,086,455 $106,562,355 ($103,425,680) $100,700,980 ($84,540,480) ($98,434,831) ($88,968,578) $73,174,210

Thoughts: There was new listing activity this week but not enough to bring any semblance of normalcy to the market – look how we’re at 1/5th the number of listings at this time in 2009. Will the warm weather and hopes of high selling prices bring new properties to market during the coming weeks?

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.

Above, 500 Atlantic Ave #PH20E (InterContinental), Waterfront, Boston, Massachusetts, which recently sold for $3,450,000. Karen Christie of Otis & Ahearn represented the seller and Stephanie Sullivan McCaughey of American City Homes represented the buyer.

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

Boston condos and real estate sales report for week ending April 5, 2015

The following is Boston Proper condo and real estate sales data for the months ending April 5 2015 April 6 2014 April 7 2013 (March 31 2013) April 8 2012 (April 1 2012) (April 10 2011) (April 10 2010) and April 10 2009 where available. All condominium closings recorded by our local MLS during the past month.

Please contact me for complete details and to inquire about ways in which I can assist you as your listing or buyer’s agent.

Number of units currently on the market: 202 220 345 (314) 583 (610) (906) (1251) (N/A)
Average days on market: 75 76 73 (81) 115 (111) (124) (111) (N/A)
Median list price: $1,532,500 $1,012,500 $849,000 ($859,000) $749,900 ($699,000) ($627,000) ($589,000) (N/A)
Average list price: $2,055,765 $1,692,173 $1,306,895 ($1,345,382) $1,133,932 ($1,108,078) ($979,141) ($970,383) (N/A)

Number of units under agreement: 148 169
Average days on market: 38 38

Number of units sold (past 30 days): 101 121 118 (115) 129 (100) (107) (114) 97
Average days on market: 62 66 48 (47) 134 (137) (131) (123) 127
Median close price: $742,000 $750,000 $599,500 ($620,000) $579,000 ($665,000) ($627,600) ($520,000) $500,000
Average close price: $1,071,909 $1,252,274 $903,071 ($899,354) $780,628 ($845,405) ($919,952) ($780,426) $754,373
Original list to close price: 98% 99% 98% (99%) 94% (94%) (94%) (93%) 93%
Sales velocity: $108,262,789 $151,525,205 $106,562,355 ($103,425,680) $100,700,980 ($84,540,480) ($98,434,831) ($88,968,578) $73,174,210

Thoughts: If you look at the under $700,000 condo market, just about everything is being sold at 100% of original ask price. That’s wicked crazy.

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.

Above, 776 Boylston Street #W9B (Mandarin Oriental), Back Bay, Boston, Massachusetts, which recently sold for $5,500,000. Michael Harper of Coldwell Banker represented the seller and Linda Barrett of Otis & Ahearn represented the buyer.

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

Boston condos and real estate sales report for week ending March 29, 2015

The following is Boston Proper condo and real estate sales data for the month ending March 29 2015 March 30 2014 March 31 2013 (March 24 2013) April 1 2012 April 3 2011 April 3 2010 and April 3 2009 where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 214 206 314 (329) 610 860 1,157 (N/A)
Average days on market: 72 83 81 (79) 111 129 116 (N/A)
Median list price: $1,507,000 $1,150,000 $859,000 ($879,000) $699,000 $619,000 $594,900 (N/A)
Average list price: $2,032,610 $1,790,356 $1,345,382 ($1,324,700) $1,108,708 $966,368 $975,069 (N/A)

Number of units under agreement: 140 149

Number of units sold (past 30 days): 73 109 115 (90) 100 97 123 93
Average days on market: 69 59 47 (56) 137 123 132 133
Median close price: $713,000 $750,000 $620,000 ($593,250) $665,000 $602,500 $530,000 $487,000
Average close price: $1,013,440 $1,065,483 $899,354 ($973,883) $845,405 $850,157 $779,046 $684,899
Original list to close price: 97% 99% 99% (98%) 94% 94% 93% 93%
Sales velocity: $73,981,141 $116,137,626 $103,425,680 ($87,649,500) $84,540,480 $82,465,268 $95,822,697 $63,695,610

Thoughts: We’re still seeing the effects of last year’s closings at Millennium Place, which increased the number of closings and the median and average sales prices. The other thing throwing off the numbers is the low level of inventory of properties in the sub-$800,000 market. Very few condos for sale makes the median and average list prices look higher.

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.

Above, 112 West Concord Street #3, South End, Boston, Massachusetts, which recently sold for $2,075,000. Jamie Curtis of Sprogis & Neale Real Estate represented the seller and Keith Shirley and Valerie Post of Meridian Realty Group represented the buyer.

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

Boston condos and real estate sales report for week ending March 22, 2015

The following is Boston Proper condo and real estate sales data for the month ending March 22 2015 March 23 2014 March 24 2013 (March 17 2013) March 25 2012 March 27 2011 March 27 2010 and March 27 2009 where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 212 201 329 (317) 598 805 1,163 (N/A)
Average days on market: 71 85 79 (85) 117 134 118 (N/A)
Median list price: $1,507,000 $1,200,000 $879,000 ($879,000) $727,000 $625,000 $599,000 (N/A)
Average list price: $1,999,742 $1,788,264 $1,324,700 ($1,338,372) $1,130,511 $984,279 $983,437 (N/A)

Number of units under agreement: 123 135
Average days on market: 45 37

Number of units sold (past 30 days): 77 94 90 (83) 98 70 115 64
Average days on market: 68 59 56 (57) 154 153 151 146
Median close price: $757,000 $725,000 $593,250 ($625,000) $682,500 $593,250 $540,000 $478,000
Average close price: $1,013,145 $1,017,085 $973,883 ($998,958) $839,892 $845,580 $817,541 $657,635
Original list to close price: 96% 99% 98% (98%) 93% 93% 93% 93%
Sales velocity: $78,012,150 $95,606,000 $87,649,500 ($82,913,500) $82,309,388 $59,190,577 $94,017,219 $42,088,610

Thoughts: There seems to be a bit of wiggle room right now in pricing, with closings at 96% of original asking price. I think this might not mean anything or, if it does, it’s specific to the high-end of the market, where million-dollar properties tend to go for less than full-asking (and, where there’s ample supply right now).

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.

Above, 49 Hancock Street #7, Beacon Hill, Boston, Massachusetts, which recently sold for $805,000. Jeannemarie Conley of Otis & Ahearn represented both buyer and seller.

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

Boston condos and real estate sales report for week ending March 15, 2015

The following is Boston Proper condo and real estate sales data for the month ending March 15 2015 March 17 2014 March 17 2013 (March 10 2013) March 18 2012 March 20 2011 and March 20 2010 where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 193 205 317 (308) 581 805 1,103
Average days on market: 74 83 85 (91) 121 134 122
Median list price: $1,699,000 $1,199,000 $879,000 ($829,000) $749,000 $625,000 $599,000
Average list price: : $2,176,828 1,731,670 $1,338,372 ($1,331,651) $1,140,628 $984,279 $990,019

Number of units under agreement: 115 138

Number of units sold (past 30 days): 70 81 83 (80) 90 70 107
Average days on market: 71 56 57 (78) 148 153 151
Median close price: $745,800 $794,000 $625,000 ($646,000) $700,000 $593,250 $565,000
Average close price: $1,022,141 $1,121,530 $998,958 ($1,024,256) $871,721 $845,580 $856,010
Original list to close price: 96% 99% 98% (98%) 94% 93% 94%
Sales velocity: $71,549,900 $90,843,913 $82,913,500 ($81,940,500) $78,454,888 $59,190,577 $91,593,092

Thoughts: A little more wiggle room when it comes to prices (96% of original asking) is good news for buyers and perhaps reflective of the high list prices or just a blip.

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.

Above, 360 Newbury Street #806, Back Bay, Boston, Massachusetts, which recently sold for $2,825,000. Allison Mazer of Gibson Sotheby’s International Realty represented the seller and Beth Dickerson of Gibson Sotheby’s International Realty represented the buyer.

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

Boston condos and real estate sales report for the week ending March 8, 2015

The following is Boston Proper condo and real estate sales data for the month ending March 8 2015 March 9 2014 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: 194 198 308 (289) N/A N/A
Average days on market: 74 88 91 (95) N/A N/A
Median list price: $,787,000 $1,199,500 $829,000 ($849,000) N/A N/A
Average list price: $2,223,867 $1,810,810 $1,331,651 ($1,381,655) N/A N/A

Number of units sold (past 30 days): 65 83 80 (68) 81 75
Average days on market: 71 64 78 (89) 135 161
Median close price: $805,000 $950,000 $646,000 ($697,250) $710,000 $590,000
Average close price: $1,053,398 $1,188,543 $1,024,256 ($1,034,729) $1,080,774 $823,376
Original list to close price: 97% 99% 98% (98%) 94% 92%
Sales velocity:$68,470,851 $98,649,037 $81,940,500 ($70,361,600) $87,542,688 $61,753,177

Thoughts: The number of units on the market remains at historic lows, especially in the sub-$1 million range. Discouraging, to be sure, for buyers. The median close price, as it’s been the past several weeks, is lower than last year because last year’s data included closings at Millennium Place, which skewed the numbers higher.

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.

Above, 1 Huntington Ave #1204, Trinity Place, Back Bay, Boston, Massachusetts, which recently sold for $2,400,000. Tracy Campion of Campion & Company Fine Homes Real Estate represented the seller. Jeannemarie Conley of Otis & Ahearn represented the buyer.

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

Boston condos and real estate sales report for week ending March 1, 2015

The following is Boston Proper condo and real estate sales data for the month ending March 1 2015 March 2 2014 March 3 2013 (February 24 2013) March 4 2012 February 26 2012 March 6 2011 (February 27 2011) (and March 6 2010) and March 6 2009 where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 180 176 289 (280) 541 520 704 (668) (990) N/A
Average days on market: 83 92 95 (99) 126 134 149 (159) (129) N/A
Median list price: $1,695,000 $1,247,000 $849,900 ($882,000) $775,000 $775,000 $649,000 ($649,500) ($589,000) N/A
Average list price: $2,164,144 $1,848,578 $1,381,655 ($1,379,876) $1,176,118 1,176,264 $1,040,148 ($1,069,226) ($1,010,028) N/A

Number of units under agreement: 100 145

Number of units sold (past 30 days): 60 69 68 (64) 65 67 62 (65) (87) 51
Average days on market: 69 70 89 (76) 128 121 165 (159) (164) 164
Median close price: $823,950 $1,050,000 $697,250 ($689,750) $697,000 $675,000 $592,450 ($635,000) ($577,500) $570,000
Average close price: $1,089,158 $1,065,601 $1,034,729 ($945,844) $1,052,601 $991,093 $810,729 ($802,705) ($882,984) $821,253
Original list to close price: 97% 99% 98% (97%) 94% 93% 91% (91%) (92%) 92%
Sales velocity: $65,349,484 $80,426,437 $70,361,600 ($60,534,015) $68,419,088 66,403,260 $50,265,177 ($52,175,810) ($84,766,489) $41,883,917

Thoughts: Just like last week, the lower median close price is a result of sales last year at Millennium Place, where the typical condo sold for ~$1,000,000. There is very little inventory in the sub-$500,000; just 13 out of 180 condos (around 7%). Basically – none.

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.

Above, 270 Clarendon Street #2, Back Bay, Boston, Massachusetts, which recently sold for $3,299,000. Tracy Campion of Campion & Company Fine Homes Real Estate represented the seller and Lucas Garafalo of Keller Williams Realty Boston-Metro represented the buyer.

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

BostonDwells.com – my new Boston condos and real estate website

Hi.

Please check out my new Boston condos and real estate website, BostonDwells.com.

This will have all the content you’re used to seeing from me – news and information about all of the new condo and apartment complexes going up in the city, plus updates on what’s going on with Boston politics and business, all presented with the pithy attitude you’re looking for.