Boston Condos and Real Estate Sales Report for Week Ending April 20, 2014

The following is Boston Proper condo and real estate sales data for the month ending April 20 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.

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Boston condos and real estate sales report for week ending April 13, 2014

The following is Boston Proper condo and real estate sales data for the month ending 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.

Number of units currently on the market: 235 345 (314) 583 (610) (906) (1251) (N/A)
Average days on market: 75 73 (81) 115 (111) (124) (111) (N/A)
Median list price: $1,000,000 $849,000 ($859,000) $749,900 ($699,000) ($627,000) ($589,000) (N/A)
Average list price: $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: 197
Average days on market: 35

Number of units sold (past 30 days): 132 118 (115) 129 (100) (107) (114) 97
Average days on market: 59 48 (47) 134 (137) (131) (123) 127
Median close price: $647,750 $599,500 ($620,000) $579,000 ($665,000) ($627,600) ($520,000) $500,000
Average close price: $1,076,413 $903,071 ($899,354) $780,628 ($845,405) ($919,952) ($780,426) $754,373
Original list to close price: 101% 98% (99%) 94% (94%) (94%) (93%) 93%
Sales velocity: $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: A very busy market with very low inventory means very tight market and multiple offers. Properties are selling for over original list price. Ugh.

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 Sunday Open Houses for April 13, 2014

A complete list of all single-family and condominium homes with open houses scheduled for the weekend of April 14, 2014 in Boston neighborhoods including the South End, Back Bay, Beacon Hill, West End, North End, Waterfront, Rose Kennedy Greenway, Seaport District, Leather District, Chinatown, Downtown Crossing, Bay Village and Fenway.

Please contact me for more details and to inquire about buyer’s agent representation.

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Boston condos for sale and real estate sales report for week ending April 6, 2014

boston_condo_sales_apr_2014

The following is Boston Proper condo and real estate sales data for the months ending 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: 220 345 (314) 583 (610) (906) (1251) (N/A)
Average days on market: 76 73 (81) 115 (111) (124) (111) (N/A)
Median list price: $1,012,500 $849,000 ($859,000) $749,900 ($699,000) ($627,000) ($589,000) (N/A)
Average list price: $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: 169
Average days on market: 38

Number of units sold (past 30 days): 121 118 (115) 129 (100) (107) (114) 97
Average days on market: 66 48 (47) 134 (137) (131) (123) 127
Median close price: $750,000 $599,500 ($620,000) $579,000 ($665,000) ($627,600) ($520,000) $500,000
Average close price: $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%) 94% (94%) (94%) (93%) 93%
Sales velocity: $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 $600,000 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.

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

Boston Sunday Open Houses for the weekend of April 6, 2014

A complete list of all single-family and condominium homes with open houses scheduled for the weekend of April 6, 2014 in Boston Proper neighborhoods including the South End, Back Bay, Beacon Hill, West End, North End, Waterfront, Rose Kennedy Greenway, Downtown Crossing, Seaport District, Leather District, Midtown, Chinatown, Bay Village, and Fenway.

Please contact me for complete details and to inquire about buyer’s agent representation.

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Boston condos and real estate sales report for week ending March 30, 2014

The following is Boston Proper condo and real estate sales data for the month ending 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: 206 314 (329) 610 860 1,157 (N/A)
Average days on market: 83 81 (79) 111 129 116 (N/A)
Median list price: $1,150,000 $859,000 ($879,000) $699,000 $619,000 $594,900 (N/A)
Average list price: $1,790,356 $1,345,382 ($1,324,700) $1,108,708 $966,368 $975,069 (N/A)

Number of units under agreement: 149

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

Thoughts: Disappointed that the number of new listings hasn’t jumped at all during the past few weeks. It’s already April – sellers should be listing now b/c buyers are out in force.

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, 343 Commercial Street #214, Waterfront, Boston, Massachusetts, which recently sold for $2,500,500. Carmela Laurella of CL Waterfront Properties represented both the buyer and the seller.

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

Boston Sunday Open Houses on March 30, 2014

A complete list of all single-family and condominium homes with open houses scheduled during the weekend of March 30, 2014 in Boston Proper neighborhoods including the South End, Back Bay, Beacon Hill, West End, North End, Waterfront, Rose Kennedy Greenway, Downtown Crossing, Seaport District, Leather District, Chinatown, Bay Village, and Fenway.

Please contact me for complete details and to inquire about buyer’s agent representation.

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Boston condo sales volume up 40% in February; prices up 40% as well

February was an unexpectedly busy month for the local real estate market. The Winter months are traditionally slow due to the weather, among other things. (People aren’t going to pull their kids out of a school and relocate halfway through the school year, which is why you see so much activity take place in the spring / summer months.

The Warren Group, publisher of Banker & Tradesman, is out with its February 2014 condo sales report and it shows that Boston had a very strong month. If you were a seller of a condo in Boston, you were probably very happy with the price you got for your home.

Below, sales data for many of Boston’s neighborhoods. The Number of Sales numbers are for February 2013 and February 2014. Positive percentages means an increase between the two time periods. YTD is year to date (Jan 1 – Feb 28) for years 2013 and 2014.

Boston Proper
Number of Sales 62 – 87 +40.32%
YTD Number of Sales 144 193 +34.03%
Median Sale Price $712,500 $1,001,000 +40.49%
YTD Median Sale Price $687,500 $885,000 +28.73%

There’s more to those numbers than what you might think. The reason for the jump in sales and in the median sales price is the result of Millennium Place condo project in Midtown / Downtown Crossing being completed and sales closings taking place (there were closings in January, too, which pumped at those numbers, too).

There were at least 16 condos sold in February at 580 Washington Street, the Millennium Place building, and all were $1 million+; many $1.5 million+. That meant the median price jumped up by 45%. Without those sales, you’d probably see an increase in sales and an increase in sales price anyway, just not as large a jump.

Condo sales increased 40% in Dorchester when comparing February 2013 and February 2014. Prices rose 17%.

Jamaica Plain an increase of 50% in sales but just a 2% increase in median sales price.

Roxbury condo sales were down 37% for the month while prices were down 11%. Roxbury doesn’t have a lot of condos so the numbers can fluctuate widely month to month. Sixteen condos sold in February 2013 but only ten in February 2014.

South Boston had a 69% increase in sales volume while the median price rose 19.51%.