The following is Boston Proper condo and real estate sales data for the 30 days ending November 28, 2009 (November 21, 2009) (and November 28, 2008, where possible).
Number of units currently on the market: 946 (966) (N/A)
Average days on market: 155 (152) (N/A)
Median list price: $632,000 ($639,000) (N/A)
Average list price: $1,033,084 ($1,032,970) (N/A)
Price changes: 183, -4.97%, -$40,290.46) (218, -4.88%, -39,305) (N/A)
Expired: 81, average 151 days on market (80, average 144 days on market) (N/A)
Number of units under agreement: 107 (119) (N/A)
Median UAG price: $590,000 ($549,000) (N/A)
Average UAG price: $805,017 ($808,253) (N/A)
Number of units sold (past 30 days): 154 (150) (115)
Average days on market: 112 (114) (104)
Months of supply: 6.14 (6.44) (N/A)
Median close price: $531,250 ($542,250) ($530,100)
Average close price: $731,320 ($747,272) ($638,607)
Original list to close price: 91% (91%) (90%)
Sales velocity: $112,623,344 ($112,090,844) ($73,439,850)
Thoughts: Almost exactly the same as last week; average and median prices and closed sales the same. Under agreements are going down as we enter the last month of the year; this will start to affect the number of closings, which will go down, too. Meanwhile, inventory will most likely drop, too. Big month for closings coming up in December, but will not show up here, most likely, as they are sales in new developments. I’ll cover, in a separate report.
OMG, look how bad last year was at this time!
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 10/28/2009 – 11/28/2009, 10/21/2009 – 11/21/2009, and 10/28/2008 – 11/28/2008.
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 21, 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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