Boston condos and real estate sales report for week ending October 12, 2014

The following is Boston Proper condo and real estate sales data for the month ending October 12 2014, October 14 2013, October 14 2012, (October 7 2012), (October 16 2011), (October 16 2010), and (October 16 2009), where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 241 275 370 (353) (703) (876) (N/A)
Average days on market: 85 77 115 (117) (137) (142) (N/A)
Median list price: $995,000 $1,195,000 $849,000 ($860,000) ($689,000) ($669,000) (N/A)
Average list price: $1,589,010 $1,622,274 $1,303,885 ($1,335,342) ($1,080,072) ($1,082,744) (N/A)

Number of units under currently agreement: 124 146 122 (125) (N/A) (104) (-)

Number of units sold (past 30 days): 96 120 118 (124) (95) (103) (116)
Average days on market: 47 59 79 (75) (104) (105) (113)
Median close price: $815,000 $738,500 $614,883 ($630,000) ($600,000) ($535,000) ($532,500)
Average close price: $1,191,088 $1,054,068, $779,185 ($807,160) ($791,293) ($814,086) ($704,067)
Original list to close price: 99% 98% 95% (95%) (95%) (94%) (94%)
Sales velocity: $114,344,412 $126,488,131 $91,943,850 ($100,087,890) ($75,172,857) ($83,850,854) ($81,671,802)

Thoughts: Rather dull and uneventful market out there. Fewer closings due to low inventory. What are you seeing?

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, 250 Boylston Street Unit 7, The Jardin, Back Bay, Boston, Massachusetts, which recently sold for $9.2 million. Tracy Campion of Campion & Company Fine Homes Real Estate 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 month ending October 6, 2014

The following is Boston Proper condo and real estate sales data for the month ending October 6 2014, October 6 2013, October 7 2012, (September 30 2012), (October 7 2011), (October 9 2010), and (October 9 2009), where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 243 284 353 (357) (N/A) (860) (N/A)
Average days on market: 81 72 117 (115) (N/A) (145) (N/A)
Median list price: $1,050,000 $977,000 $860,000 ($850,000) (N/A) ($669,000) (N/A)
Average list price: $1,677,565 $1,502,487 $1,335,342 ($1,305,632) (N/A) ($1,092,389) (N/A)

Number of units under currently agreement: 140 139 125 (125) (-) (-) (-)

Number of units sold (past 30 days): 101 139 124 (125) (127) (111) (118)
Average days on market: 43 56 75 (70) (104) (117) (106)
Median close price: $825,000 $690,000 $630,000 ($570,000) ($600,000) ($520,000) ($570,000)
Average close price: $1,224,815 $1,005,908 $807,160 ($782,293) ($801,552) ($772,642) ($745,114)
Original list to close price: 98% 98% 95% (96%) (95%) (94%) (94%)
Sales velocity: $123,706,300 $139,821,261 $100,087,890 ($97,786,640) ($101,797,057) ($85,763,229) ($87,923,425)

Thoughts: Well, we’re finally seeing the result of low levels of inventory. While under agreements are about the same as the previous year, number of units sold is down by about a third. Without any new listings, those out there looking to buy will just sit on the sidelines.

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, 88 Beacon Street #3, Beacon Hill, Boston, Massachusetts, which recently sold for $6.5 million. Tracy Campion of Campion & Company Fine Homes Real Estate represented the seller and Ranco & DeAngelo 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 September 21, 2014

The following is Boston Proper condo and real estate sales data for the month ending September 21 2014, September 23 2013, September 23 2012, (September 16 2012), (September 25 2011), (September 25 2010), and (September 25 2009), where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 251 335 368 (365) (705) (890) (N/A)
Average days on market: 80 67 117 (118) (140) (147) (N/A)
Median list price: $949,000 $850,000 $849,500 ($849,000) ($695,000) ($684,000) (N/A)
Average list price: $1,512,280 $1,340,232 $1,289,399 ($1,293,928) ($1,061,075) ($1,094,562) (N/A)

Number of units under currently agreement: 114 108 118 (92) (-) (-) (-)

Number of units sold (past 30 days): 157 195 176 (200) (194) (134) (161)
Average days on market: 45 44 62 (67) (103) (111) (100)
Median close price: $719,000 $600,000 $537,500 ($585,000) ($540,000) ($543,750) ($515,000)
Average close price: $943,803 $852,967 $771,657 ($770,431) ($711,193) ($836,490) ($705,581)
Original list to close price: 99% 99% 96% (96%) (94%) (94%) (93%)
Sales velocity: $148,177,021 $166,328,512 $135,811,703 ($154,365,789) ($133,284,483) ($112,089,674) ($113,598,555)

Thoughts: Number of listings at historic lows. This has led to a lower number of under agreements and closings – if there’s nothing to choose from, you’re not going to buy.

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, 20 Rowes Wharf #310, Waterfront, Boston, Massachusetts, which recently sold for $3,100,000. Carmela Laurella of CL Waterfront Properties represented the seller. Tracy Campion of Campion & Company Fine Homes Real Estate 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 September 14, 2014

The following is Boston Proper condo and real estate sales data for the month ending September 14 2014, September 16 2013, September 16 2012, (September 9 2012), (September 18 2011), (September 18 2010), and (September 18 2009), where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 238 325 365 (371) (697) (841) (N/A)
Average days on market: 80 70 118 (121) (134) (153) (N/A)
Median list price: $899,250 $875,000 $849,000 ($849,000) ($695,000) ($654,000) (N/A)
Average list price: $1,466,889 $1,387,736 $1,293,928 ($1,305,230) ($1,077,764) ($1,087,021) (N/A)

Number of units under currently agreement: 108 90 103 (92) (-) (-) (-)

Number of units sold (past 30 days): 170 191 200 (218) (194) (165) (181)
Average days on market: 49 50 67 (73) (104) (111) (96)
Median close price: $703,500 $600,000 $545,500 ($555,175) ($540,000) ($570,000) ($534,000)
Average close price: $920,596 $857,213 $771,829 ($858,289) ($711,193) ($752,501) ($693,687)
Original list to close price: 99% 99% 96% (96%) (94%) (93%) (93%)
Sales velocity: $156,501,404 $163,727,689 $154,365,789 ($187,107,044) ($137,971,426) ($124,162,644) ($125,593,480)

Thoughts: Although the number of listings has gone up a bit during the past week, we are still at historic lows. Owners just don’t seem to want to sell their homes these days.

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, 183 Commonwealth Ave #D, Back Bay, Boston, Massachusetts, which recently sold for $3,100,000. Craig Lake of Luxury Residential Group was the listing agent. Maureen O’Hara of Coldwell Banker represented the buyer.

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

Beacon Hill Condo for Sale – 36 Myrtle Street #8, $574,000

36 Myrtle Street - for sale

I have a new listing.

This is a two-bedroom, one-bathroom home with approximately 668-square feet of space, located on the top of Beacon Hill. With four-sided exposure, it receives a lot of light and is quite airy. The bedrooms are each large enough for queen-sized beds. The kitchen has an island, plenty of cupboard space and is large enough for a kitchen table. There is a dishwasher and disposal. There is a gas stove and oven. Hardwood floors throughout.

There is shared laundry in the basement and a private storage bin (approximately 5′ high, 4.5′ deep, and 4′ wide). The Myrtle Street Playground is next door. Parking in the area available by permit. A short-walk to the Whole Foods on Cambridge Street and to the Red Line at Charles Street and the Red and Green lines at Park Street.

36 Myrtle Street, #8 Listing Sheet

Boston condos and real estate sales report for week ending September 7, 2014

The following is Boston Proper condo and real estate sales data for the month ending September 7, 2014, September 9 2013, September 9 2012, (September 2 2012), (September 9 2011), (September 11 2010), and (September 11 2009), where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 218 301 371 (352) (N/A) (857) (N/A)
Average days on market: 93 73 121 (125) (N/A) (145) (N/A)
Median list price: $949,000 $850,000 $849,000 ($877,000) (N/A) ($655,000) (N/A)
Average list price: $1,610,971 $1,390,955 $1,305,230 ($1,318,616) (N/A) ($1,062,720) (N/A)

Number of units under currently agreement: 102 90 92 (91) (-) (74) (-)

Number of units sold (past 30 days): 157 201 218 (183) (221) (169) (200)
Average days on market: 47 49 73 (73) (98) (106) (90)
Median close price: $719,000 $600,000 $555,175 ($590,000) ($535,000) ($555,000) ($536,500)
Average close price: $956,602 $834,612 $858,289 ($869,684) ($697,298) ($751,336) ($693,310)
Original list to close price: 99% 99% 96% (96%) (95%) (94%) (94%)
Sales velocity: $150,186,591 $167,757,106 $187,107,044 ($159,152,244) ($154,102,772) ($126,975,766) ($138,661,905)

Thoughts: The Labor Day holiday was “early” this year – and it appears it had an effect on sales activity. Hardly any new listings, reflected in the low number on the market as well as the lengthy “days on market” number. Presumably, things will pick up.

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.

Boston condos and real estate sales report for month ending August 31, 2014

The following is Boston Proper condo and real estate sales data for the month ending September 2 2013, (September 2 2012), (August 26 2012), (September 2 2011), (September 2 2010), and (September 2 2009), where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 203 270 (352) (399) (N/A) (N/A) (N/A)
Average days on market: 104 84 (125) (118) (N/A) (N/A) (N/A)
Median list price: $1,095,000 $867,500 ($877,000) ($825,000) (N/A) (N/A) (N/A)
Average list price: $1,690,358 $1,432,295 ($1,318,616) ($1,235,215) (N/A) (N/A) (N/A)

Number of units under currently agreement: 98 94 (91) (125) (-) (-) (-)

Number of units sold (past 30 days): 171 182 (183) (194) (215) (190) (207)
Average days on market: 42 48 (73) (74) (98) (111) (99)
Median close price: $740,000 $609,500 ($590,000) ($574,500) ($528,000) ($586,250) ($540,000)
Average close price: $1,023,008 $830,790 ($869,684) ($833,892) ($704,286) ($795,461) ($705,778)
Original list to close price: 99% 99% (96%) (96%) (94%) (93%) (94%)
Sales velocity: $174,934,306 $151,203,849 ($159,152,244) ($161,774,969) ($151,421,472) ($151,137,631) ($146,096,043)

Thoughts: Welcome fall market, 2014!

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.

Boston condos and real estate sales report for month ending July 13, 2014

The following is Boston Proper condo and real estate sales data for the month ending July 14 2014, July 7 2014, May 25 2014, May 18 2014, May 25 2013, May 20 2012, (May 6 2012), (May 22 2011), (May 22 2010), and (May 22 2009) where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 257 228 250 279 n/a 604 (637) (982) (1,136) (n/a)
Average days on market: 75 81 79 68 n/a 100 (96) (122) (115) (n/a)
Median list price: $999,000 $1,174,000 $1,087,000 $950,000 n/a $749,000 ($749,000) ($639,000) ($632,500) (n/a)
Average list price: $1,624,669 $1,766,872 $1,618,202 $1,571,094 n/a $1,095,540 ($1,091,948) ($1,000,713) ($1,016,294) (n/a)

Number of units under agreement: 137 155 193 165 n/a 218 (190) (169) (176) (n/a)

Number of units sold (past 30 days): 185 182 136 138 164 158 (155) (156) (145) (109)
Average days on market: 36 33 46 40 53 105 (107) (90) (105) (90)
Median close price: $696,000 $720,000 $767,000 $668,000 $651,000 $605,000 ($605,000) ($530,750) ($554,775) ($510,000)
Average close price: $924,709 $961,501 $1,147,550 $1,140,206 $863,921 $764,283 ($847,371) ($697,083) ($686,044) ($686,044)
Original list to close price: 100% 101% 99% 99% 98 96% (96%) (94%) (95%) (95%)
Sales velocity: $171,071,255 $174,993,205 $156,066,758 $157,348,458 $141,683,076 $120,756,756 ($131,342,560) ($108,745,020) ($121,782,515) ($74,778,801)

Thoughts: Things are remaining super-heated even now that we’re in mid-summer.

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, 20 Gloucester Street #4, Back Bay, Boston, Massachusetts. Joe Wolvek of Gibson Sotheby’s Inernational Realty was the listing agent and Sherry Walker of William Raveis Real Estate was the buyer’s agent.

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