Boston condos and real estate sales report for week ending December 14, 2014

The following is Boston Proper condo and real estate sales data for the month ending December 14 2014, December 15 2013, December 9 2012, (December 16 2012), (December 18 2011), (December 11 2011), (December 18 2010), (December 19 2009), and (December 18 2008) where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 197 203 254 (266) 499 (532) (617) (837) (N/A)
Average days on market: 95 100 132 (130) 157 (154) (173) (155) (N/A)
Median list price: $1,095,000 $1,270,000 $947,000 ($938,250) $749,900 ($764,450) ($689,000) ($639,000) (N/A)
Average list price: $1,766,424 $1,882,609 $1,519,866 ($1,528,593) $1,172,922 ($1,185,186) ($1,133,150) ($1,067,755) (N/A)

Number of units sold (past 30 days): 124 133 133 (132) 119 (110) (135) (133) (151)
Average days on market: 55 46 60 (58) 120 (118) (109) (127) (120)
Median close price: $790,625 $749,000 $749,000 ($727,500) $590,000 ($658,000) ($635,000) ($544,000) ($542,500)
Average close price: $1,035,861 $1,061,020 $964,303 ($983,985) $881,044 ($939,608) ($946,794) ($743,102) ($774,340)
Original list to close price: 98% 98% 95% (95%) 94% (96%) (96%) (92%) (91%)
Sales velocity: $128,446,778 $141,115,621 $128,252,267 ($129,886,009) $104,844,246 (103,356,830) ($127,817,244) ($98,832,520) ($116,925,270)

Thoughts: Very low inventory but total sales for the year reaches the same level as two years ago and is 2nd highest ever due to higher prices.

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, 2 Avery Street #36E (Ritz-Carlton Towers), Midtown, Boston, Massachusetts. Kathleen Cook of Atlantic Assoc. Real Estate represented the seller and Elad Bushari of Bushari Group Real Estate represented the buyer. The home sold for $5,850,000.

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

Boston condos and real estate sales report for December 7, 2014

The following is Boston Proper condo and real estate sales data for the month ending December 7 2014, December 8 2013, December 9 2012, (December 2 2012), (December 11 2011), (December 4 2011), (December 11 2010), (December 12 2009), and (December 12 2008) where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 212 209 266 (275) 532 (555) (651) (847) (N/A)
Average days on market: 92 93 130 (128) 154 (153) (168) (155) (N/A)
Median list price: $1,084,000 $1,249,000 $938,250 ($939,000) $764,450 ($750,000) ($675,000) ($635,000) (N/A)
Average list price: $1,723,564 $1,831,799 $1,528,593 ($1,523,029) $1,185,186 ($1,178,797) ($1,118,000) ($1,054,655) (N/A)

Number of units sold (past 30 days): 113 127 132 (120) 110 (96) (122) (151) (88)
Average days on market: 52 47 58 (72) 118 (121) (119) (120) (108)
Median close price: $781,000 $749,000 $727,500 ($742,500) $658,000 ($652,500) ($661,250) ($542,500) ($500,500)
Average close price: $1,032,712 $1,003,881 $983,985 ($1,067,037) $939,608 ($865,114) ($930,785) ($774,340) ($677,665)
Original list to close price: 98% 99% 95% (95%) 94% (94%) (96%) (91%) (90%)
Sales velocity: $116,696,464 $127,492,944 $129,886,009 ($128,044,406) $103,356,830 ($83,050,930) ($113,555,738) ($116,925,270) ($59,634,560)

Thoughts: Very low inventory, now the “norm” – same as last year.

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 week ending November 30, 2014

The following is Boston Proper condo and real estate sales data for the month ending November 30 2014, December 1 2013, December 2 2012, (November 25 2012), (December 4 2011), (November 27 2011), (December 4 2010), (December 5 2009), and (December 5 2008) where available. All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 204 (wut?) 215 275 (288) 555 (587) (679) (879) (N/A)
Average days on market: 95 91 128 (128) 153 (154) (166) (153) (N/A)
Median list price: $1,134,000 $1,249,000 $939,000 ($899,000) $750,000 ($725,000) ($675,000) ($639,000) (N/A)
Average list price: $1,708,878 $1,784,128 $1,523,029 ($1,411,880) $1,178,797 ($1,136,962) ($1,114,030) ($1,054,209) (N/A)

Number of units sold (past 30 days): 129 108 120 (134) 96 (96) (110) (157) (115)
Average days on market: 53 50 72 (75) 121 (91) (115) (123) (104)
Median close price: $785,000 $655,750 $742,500 ($725,000) $652,500 ($558,750) ($636,500) ($544,000) ($530,100)
Average close price: $1,028,788 $958,478 $1,067,037 ($1,006,369) $865,114 ($814,535) ($944,077) ($780,072) ($638,607)
Original list to close price: 98% 99% 95% (96%) 94% (95%) (94%) (90%) (90%)
Sales velocity: 132,713,614 $103,515,666 $128,044,406 ($134,853,491) $83,050,930 ($78,195,896) ($103,848,475) ($122,471,294) ($73,439,850)($73,439,850)

Thoughts: Inventory level is still stubbornly low.

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 condo sales volume down, prices up in October 2014

October 2014 condo sales volume was down 15.82%, when compared to the month a year earlier, according to data released by the Warren Group. For the Boston Proper neighborhoods, there were 133 condo sales in October 2014 compared to 158 condo sales in October 2013.

Prices, meanwhile, rose by 2.38%. The median price last year was $683,750, rising to $700,000, this year. Prices are up by 14.43%, year to date.

The slowdown in sales and increase in prices were no doubt the result of very low inventory in the downtown Boston neighborhoods.

September 2014 condo sales volume drops slightly; prices jump >20%

September 2014 sales volume was down nominally, when compared to the month a year earlier, according to data released by the Warren Group.

For the Boston Proper neighborhoods, there were 146 condo sales in September compared to 144 condo sales last year; year to date, sales are down 3.86%.

Prices, meanwhile, jumped by more than 22%. The median price last year was $598,250 while this year it rose to $733,500. Prices are up by 17.60, year to date.

The slowdown in sales and increase in prices were no doubt the result of very low inventory in the downtown Boston neighborhoods.

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.