Boston condos and real estate sales report for week ending April 10, 2016

The following is Boston Proper condo and real estate sales data for the month ending April 10 2016 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: 285 243 235 345 (314) 583 (610) (906) (1,251) (N/A)
Average days on market: 92 63 75 73 (81) 115 (111) (124) (111) (N/A)
Median list price: $1,750,000 $1,349,000 $1,000,000 $849,000 ($859,000) $749,900 ($699,000) ($627,000) ($589,000) (N/A)
Average list price: $2,393,078 $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: 179 152 197
Average days on market: 21 34 35

Number of units sold (past 30 days): 93 103 132 118 (115) 129 (100) (107) (114) 97
Average days on market: 61 67 59 48 (47) 134 (137) (131) (123) 127
Median close price: $875,000 $742,000 $647,750 $599,500 ($620,000) $579,000 ($665,000) ($627,600) ($520,000) $500,000
Average close price: $1,187,398 $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: 99% 98% 101% 98% (99%) 94% (94%) (94%) (93%) 93%
Sales velocity: $110,427,996 $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: The higher number of listings on the market right now is because they’re all in the upper price ranges, $1 million and above, which sell slower. Under agreements are higher and days on market lower because of sales in the lower ranges.

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 April 3, 2016

The following is Boston Proper condo and real estate sales data for the months ending April 3 2016 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: 293 202 220 345 (314) 583 (610) (906) (1251) (N/A)
Average days on market: 86 75 76 73 (81) 115 (111) (124) (111) (N/A)
Median list price: $1,698,000 $1,532,500 $1,012,500 $849,000 ($859,000) $749,900 ($699,000) ($627,000) ($589,000) (N/A)
Average list price: $2,319,919 $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: 161 148 169
Average days on market: 36 38 38

Number of units sold (past 30 days): 80 101 121 118 (115) 129 (100) (107) (114) 97
Average days on market: 68 62 66 48 (47) 134 (137) (131) (123) 127
Median close price: $917,000 $742,000 $750,000 $599,500 ($620,000) $579,000 ($665,000) ($627,600) ($520,000) $500,000
Average close price: $1,240,624 $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: 99% 98% 99% 98% (99%) 94% (94%) (94%) (93%) 93%
Sales velocity: $99,249,900 $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: Well, we have more listings than prior years at this time but there’s still the problem of no listings under $500,000 – 12 out of 293 units, less than 5%. I mean, not even studios. Are “starter” homes now $600,000 in Boston Proper?

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 March 27, 2016

The following is Boston Proper condo and real estate sales data for the month ending March 27 2016 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: 244 214 206 314 (329) 610 860 1,157 (N/A)
Average days on market: 100 72 83 81 (79) 111 129 116 (N/A)
Median list price: $1,795,000 $1,507,000 $1,150,000 $859,000 ($879,000) $699,000 $619,000 $594,900 (N/A)
Average list price: $2,447,666 $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: 159 140 149

Number of units sold (past 30 days): 69 73 109 115 (90) 100 97 123 93
Average days on market: 63 69 59 47 (56) 137 123 132 133
Median close price: $875,000 $713,000 $750,000 $620,000 ($593,250) $665,000 $602,500 $530,000 $487,000
Average close price: $1,228,669 $1,013,440 $1,065,483 $899,354 ($973,883) $845,405 $850,157 $779,046 $684,899
Original list to close price: 99% 97% 99% 99% (98%) 94% 94% 93% 93%
Sales velocity: $84,778,150 $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: Only 3% of all listings are under $500,000. Tough situation. Looking forward to spring market.

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 activity – and prices – rise in February 2016

Condominium sales volume in Boston Proper increased in February 2016 when compared to a year earlier, by 28 percent. Meanwhile, median sales price rose 13 percent, with the median-priced condo selling for $812,000. The data from the Warren Group, publisher of Banker & Tradesman.

Median condo prices were up in every neighborhood in the city, in fact.

For the state as a whole, condo sales for the month rose by 22.9 percent with 1,150 condos sold compared with 936 sold in February 2015. This marked the 10th consecutive month of increases in condo sales. Year-to-date, condo sales increased by 26.1 percent to 2,480 condos sold compared with 1,967 in the same time frame last year.

The median condo price in the Bay State decreased by 3.9 percent to $275,250 compared with $286,500 in the same month last year. Year-to-date, condo prices were down 3.2 percent to a median sale price of $285,000 compared with $294,500 in the same time period last year, according to the Warren Group.

Boston condos and real estate sales report for week ending March 13, 2016

The following is Boston Proper condo and real estate sales data for the month ending March 13 2016 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: 259 193 205 317 (308) 581 805 1,103
Average days on market: 90 74 83 85 (91) 121 134 122
Median list price: $1,649,000 $1,699,000 $1,199,000 $879,000 ($829,000) $749,000 $625,000 $599,000
Average list price: $2,284,142 $2,176,828 1,731,670 $1,338,372 ($1,331,651) $1,140,628 $984,279 $990,019

Number of units under agreement: 141 115 138

Number of units sold (past 30 days): 66 70 81 83 (80) 90 70 107
Average days on market: 71 71 56 57 (78) 148 153 151
Median close price: $765,000 $745,800 $794,000 $625,000 ($646,000) $700,000 $593,250 $565,000
Average close price: $1,190,459 $1,022,141 $1,121,530 $998,958 ($1,024,256) $871,721 $845,580 $856,010
Original list to close price: 98% 96% 99% 98% (98%) 94% 93% 94%
Sales velocity: $78,570,320 $71,549,900 $90,843,913 $82,913,500 ($81,940,500) $78,454,888 $59,190,577 $91,593,092

Thoughts: Can’t wait for new listings to hit the market now that Spring is coming!

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.