John A Keith Real Estate » boston condo sales data

Boston-area condo prices off 1.4% in September: S&P / Case-Shiller

John Keith — Tue, 29 Nov 2011 20:06:50 +0000

The latest S&P / Case Shiller real estate index is out and it shows that the average condominium price in Greater Boston dropped 1.4% in September 2011 when compared to the month earlier.

Condominium prices remain 60% higher than they were in January 2000.

According to S&P / Case-Shiller, condo prices in Greater Boston reached their zenith in October 2005, when prices were up more than 83% since the turn of the century.

The Case-Shiller index includes condo sales throughout the greater Boston area and is from September, so the data is not up to date. Other data collected by the Warren Group show different results.

Boston condo sales report for week ending April 17, 2011

John Keith — Mon, 18 Apr 2011 00:59:19 +0000

The following is Boston Proper condo and real estate sales data for the week ending April 17 2011 (April 10 2011) (and April 17 2010). All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 937 (906) (1291)
Average days on market: 123 (124) (109)
Median list price: $629,000 ($627,000) ($579,000)
Average list price: $969,818 ($979,141) ($955,058)

Number of units under agreement: 152 (147) (186)
Median UAG price: $554,000 ($559,000) ($525,000)
Average UAG price: $705,905 ($739,256) ($718,909)

Number of units sold (past 30 days): 110 (107) (120)
Average days on market: 147 (131) (117)
Median close price: $687,250 ($627,600) ($538,250)
Average close price: $999,638 ($919,952) ($870,655)
Original list to close price: 94% (94%) (94%)
Sales velocity: $109,960,231 ($98,434,831) ($104,478,544)

Thoughts: A pretty quiet week. New listings rose a bit. The average and median prices are up compared to last year, meaning more high-end buyers are back in the 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. for the periods between 03/17/2011-04/17/2011, 03/10/2011-04/10/2011, and 03/17/2010-04/17/2010.

Boston condo sales report for March 20 2011

John Keith — Tue, 22 Mar 2011 03:14:59 +0000

The following is Boston Proper condo and real estate sales data for the week ending March 20, 2011 (March 6, 2011) (and March 20, 2010). All condominium closings recorded by our local MLS during the past month.

Number of units currently on the market: 805 (704) (1103)
Average days on market: 134 (149) (122)
Median list price: $625,000 ($649,000) ($599,000)
Average list price: $984,279 ($1,040,148) ($990,019)

Number of units under agreement: 110 (91) (133)
Median UAG price: $667,000 ($539,000) ($569,000)
Average UAG price: $913,495 ($726,310) ($691,414)

Number of units sold (past 30 days): 70 (62) (107)
Average days on market: 153 (165) (151)
Median close price: $593,250 ($592,450) ($565,000)
Average close price: $845,580 ($810,729) ($856,010)
Original list to close price: 93% (91%) (94%)
Sales velocity: $59,190,577 ($50,265,177) ($91,593,092)

Thoughts: Sorry, I missed a week’s worth of data. As you can see, new listings have gone up during the past two weeks as has under agreements but there are 25% fewer listings today than on this date in 2010. Average and median prices will fluctuate, I bet go lower, during the next four-to-six weeks due to increased activity in the “mid” range ($450,000 – $600,000).

Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc. for the periods between 02/06/2011-03/06/2011, 01/27/2010 -02/27/2011, and 02/06/2010-03/06/2010.

Boston real estate and condo sales report for week ending January 30, 2011

John Keith — Sun, 30 Jan 2011 23:28:44 +0000

The following is Boston Proper condo and real estate sales data for the week ending January 30, 2011 (January 23, 2011) (and January 30, 2010).

Number of units currently on the market: 600 (587) (817)
Average days on market: 167 (169) (157)
Median list price: $674,500 ($669,900) ($615,000)
Average list price: $1,110,902 ($1,105,893) ($1,076,424)

Number of units under agreement: 48 (46) (76)
Median UAG price: $599,950 ($559,500) ($599,500)
Average UAG price: $874,008 ($876,609) ($977,781)

Number of units sold (past 30 days): 71 (74) (91)
Average days on market: 126 (129) (154)
Median close price: $720,000 ($723,500) ($550,000)
Average close price: $985,524 ($1,015,939) ($813,355)
Original list to close price: 90% (90%) (93%)
Sales velocity: $69,972,184 ($75,179,500) ($74,015,290)

Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc. for the periods between 12/30/2010 – 01/30/2011, 12/23/2010 -01/23/2011, and 12/30/2009 -01/30/2010.

Photo of my old condo courtesy Sebastian Diesel at LoftsBoston.com

S&P / Case-Shiller report shows steady Boston condo prices

John Keith — Wed, 26 Jan 2011 00:36:02 +0000

The latest S&P / Case-Shiller report is out and it shows Greater Boston condo prices to have stagnated, not going up or down.

The data is from November so it’s a bit out-dated. My best advice is to use this data along with that released by the Warren Group when trying to determine the state of the local real estate market. Warren Group’s data is up-to-date plus it breaks down Boston into neighborhoods, whereas S&P / Case-Shiller is ‘Greater Boston’.

Boston November 2010: 158.97771
Boston November 2009: 158.67839
Boston October 2005: 183.67908
Boston January 2000: 100.00000

Boston increase since January 2000: 58.98%
Boston decrease since October 2005: 13.45%

Boston condo market shows marked improvement in 2010

John Keith — Tue, 25 Jan 2011 18:15:49 +0000

The latest Warren Group real estate report is out. It includes data for December 2010 as well as for the entire 2010 year.

Compared to 2009, the local real estate market improved greatly in 2010. While sales volume is down almost universally (especially since early 2010 numbers were inflated as a result of the federal government’s tax credit program), prices remain high. Stubbornly high, if you’re a buyer but encouraging news if you’re a seller.

Below, a breakdown of Boston condo sales by neighborhood. Two thirds (9 out of 13) neighborhoods saw higher prices in 2010 while Allston, Brighton, East Boston, and West Roxbury were the laggards.

Boston Proper (South End, Back Bay, Beacon Hill, North End, Waterfront, The Fenway, Chinatown, Leather District, Midtown, Bay Village)

2009 sales 1,556
2010 sales 1,595
2009 median $510,000
2010 median $561,000

Allston

2009 sales 108
2010 sales 92
2009 median $296,850
2010 median $250,000

Brighton

2009 sales 269
2010 sales 304
2009 median $267,500
2010 median $246,500

Dorchester

2009 sales 558
2010 sales 515
2009 median $113,350
2010 median $146,500

Mattapan

2009 sales 40
2010 sales 38
2009 median $59,500
2010 median $64,000

Charlestown

2009 sales 246
2010 sales 253
2009 median $407,500
2010 median $420,000

East Boston

2009 sales 118
2010 sales 77
2009 median $219,500
2010 median $212,500

South Boston

2009 sales 534
2010 sales 567
2009 median $340,500
2010 median $364,250

Roxbury

2009 sales 237
2010 sales 242
2009 median $340,000
2010 median $402,000

Jamaica Plain

2009 sales 372
2010 sales 363
2009 median $316,650
2010 median $325,000

Hyde Park

2009 sales 45
2010 sales 46
2009 median $175,000
2010 median $185,000

Roslindale

2009 sales 152
2010 sales 115
2009 median $258,500
2010 median $268,500

West Roxbury

2009 sales 108
2010 sales 76
2009 median $282,450
2010 median $250,000

Boston real estate and condo sales report for week ending January 23, 2011

John Keith — Sun, 23 Jan 2011 23:25:31 +0000

The following is Boston Proper condo and real estate sales data for the week ending January 23, 2011 (January 16, 2011) (and January 23, 2010).

Number of units currently on the market: 587 (554) (793)
Average days on market: 169 (174) (160)
Median list price: $669,900 ($659,500) ($635,000)
Average list price: $1,105,893 ($1,115,584) ($1,092,677)

Number of units under agreement: 46 (49) (75)
Median UAG price: $559,500 ($639,000) ($589,000)
Average UAG price: $876,609 ($1,005,649) ($823,999)

Number of units sold (past 30 days): 74 (102) (95)
Average days on market: 129 (122) (163)
Median close price: $723,500 ($743,750) ($515,000)
Average close price: $1,015,939 ($1,062,860) ($768,759)
Original list to close price: 90% (92%) (91%)
Sales velocity: $75,179,500 ($108,411,676) ($72,082,091)

Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc. for the periods between 12/23/2010 – 01/23/2011, 12/16/2010 -01/16/2011, and 12/23/2009 -01/23/2010.

Photo of my old condo courtesy Sebastian Diesel at LoftsBoston.com

Boston real estate and condo sales report for week ending 01/16/2011

John Keith — Sun, 16 Jan 2011 17:21:37 +0000

The following is Boston Proper condo and real estate sales data for the week ending January 16, 2011 (January 9, 2011) (and January 16, 2010).

** 2010 average and median prices are skewed by The Bryant closings recorded in December. **

Number of units currently on the market: 554 (529) (754)
Average days on market: 174 (179) (170)
Median list price: $659,500 ($659,000) ($635,000)
Average list price: $1,115,584 ($1,134,636) ($1,099,683)

Number of units under agreement: 49 (52) (81)
Median UAG price: $639,000 ($779,950) ($629,000)
Average UAG price: $1,005,649 ($1,014,400) ($893,040)

Number of units sold (past 30 days): 102 (116) (112)
Average days on market: 122 (127) (139)
Median close price: $743,750 ($705,500) ($550,000)
Average close price: $1,062,860 ($1,050,290) ($739,588)
Original list to close price: 92% (92%) (92%)
Sales velocity: $108,411,676 ($121,833,622) ($82,833,840)

Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc. for the periods between 12/16/2010 – 01/16/2011, 12/09/2010 -01/09/2011, and 12/16/2009 -01/16/2010.

Photo of my old condo courtesy Sebastian Diesel at LoftsBoston.com

Boston real estate and condo sales report for week ending 01/09/2011

John Keith — Mon, 10 Jan 2011 00:49:18 +0000

The following is Boston Proper condo and real estate sales data for the week ending January 9, 2011 (January 2, 2011) (and January 9, 2010).

** 2010 average and median prices are skewed by The Bryant closings recorded in December. **

Number of units currently on the market: 529 (476) (754)
Average days on market: 179 (175) (170)
Median list price: $659,000 ($669,000) ($635,000)
Average list price: $1,134,636 ($1,153,939) ($1,099,683)

Number of units under agreement: 52 (58) (81)
Median UAG price: $779,950 ($692,000) ($629,000)
Average UAG price: $1,014,400 ($947,359) ($893,040)

Number of units sold (past 30 days): 116 (122) (112)
Average days on market: 127 (144) (139)
Median close price: $705,500 ($652,500) ($550,000)
Average close price: $1,050,290 ($970,030) ($739,588)
Original list to close price: 92% (95%) (92%)
Sales velocity: $121,833,622 ($118,343,670) ($82,833,840)

Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc. for the periods between 12/09/2010 – 01/09/2011, 12/02/2010 -01/02/2011, and 12/09/2009 -01/09/2010.

Photo of my old condo courtesy Sebastian Diesel at LoftsBoston.com

Boston real estate and condo sales report for week ending 01/02/2011

John Keith — Sun, 02 Jan 2011 21:32:47 +0000

The following is Boston Proper condo and real estate sales data for the week ending January 2, 2010 (December 25, 2010) (and January 2, 2009).

** 2010 average and median prices are skewed by The Bryant closings recorded in December. **

Number of units currently on the market: 476 (580) (712)
Average days on market: 175 (177) (166)
Median list price: $669,000 ($695,000) ($629,000)
Average list price: $1,153,939 ($1,142,041) ($1,1101,400)

Number of units under agreement: 58 (71) (96)
Median UAG price: $692,000 ($685,000) ($632,000)
Average UAG price: $947,359 ($1,052,732) ($889,791)

Number of units sold (past 30 days): 122 (141) (130)
Average days on market: 144 (107) (138)
Median close price: $652,500 ($635,000) ($561,500)
Average close price: $970,030 ($952,533) ($750,632)
Original list to close price: 95% (95%) (92%)
Sales velocity: $118,343,670 ($134,307,171) ($97,582,095)

Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc. for the periods between 12/02/2010 – 01/02/2011, 11/25/2010 – 12/25/2010, and 12/02/2009 -01/02/2010.

Photo of my old condo courtesy Sebastian Diesel at LoftsBoston.com