The following is Boston Proper condo and real estate sales data for the 30 days ending November 21, 2009 (November 14, 2009) (and November 21, 2008, where possible).
Number of units currently on the market: 966 (971) (N/A)
Average days on market: 152 (149) (N/A)
Median list price: $639,000 ($639,000) (N/A)
Average list price: $1,032,970 ($1,027,112) (N/A)
Price changes: 218, -4.88%, -$39,305) (227, -4.56%, $35,802) (N/A)
Expired: 80, average 144 days on market (77, average 157 days on market) (N/A)
Number of units under agreement: 119 (135) (N/A)
Median UAG price: $549,000 ($599,000) (N/A)
Average UAG price: $808,253 ($974,663) (N/A)
Number of units sold (past 30 days): 150 (121) (113)
Average days on market: 114 (105) (112)
Months of supply: 6.44 (8.02) (N/A)
Median close price: $542,250 ($480,000) ($545,000)
Average close price: $747,272 ($656,486) ($692,112)
Original list to close price: 91% (92%) (91%)
Sales velocity: $112,090,844 ($79,434,796) ($78,208,650)
Thoughts: Average and median prices drop for under agreements due to effect of Bryant condos closing and coming off the books. Sold prices go up for same reason. Current inventory is low – yes, we’re getting to the end of the year but we still have people looking to buy. Pickings are slim, especially in the sub-$800,000 range.
This report includes sales and inventory information for condominiums located in the following downtown Boston neighborhoods: Charlestown, North End, Waterfront, Seaport District, South End, Chinatown, Theater District, Financial District, Leather District, The Fenway, Back Bay, Beacon Hill, West End, and Midtown.
Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc. for the period between 10/21/2009 – 11/21/2009, 10/14/2009 – 11/14/2009, and 10/21/2008 – 11/21/2008.
Photo of my old condo courtesy Sebastian Diesel at LoftsBoston.com
Related posts:
- Boston condo and real estate sales report, November 14, 2009
- Boston condo and real estate sales report, November 28, 2009
- Boston condo and real estate sales report, November 7, 2009
- Boston condo and real estate sales report, December 5, 2009
- Boston condo and real estate sales report, December 28, 2009
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