The following is Boston Proper condo and real estate sales data for the 30 days ending January 23, 2010 (January 16, 2010) (and January 23, 2009, where possible).
Number of units currently on the market: 793 (777) (N/A)
Average days on market: 160 (163) (N/A)
Median list price: $635,000 ($639,000) (N/A)
Average list price: $1,092,677 ($1,104,290) (N/A)
Price changes: 100, -4.79%, -$37,953.81 (92, -5.19%, -$40,831.64) (N/A)
Expired: 130, average 197 days on market (134, average 206 days on market) (N/A)
Number of units under agreement: 75 (82) (N/A)
Median UAG price: $589,000 ($569,500) (N/A)
Average UAG price: $823,999 ($817,663) (N/A)
Number of units sold (past 30 days): 95 (105) (76)
Average days on market: 163 (162) (108)
Months of supply: 7.40 (7.40) (N/A)
Median close price: $515,000 ($538,750) ($454,500)
Average close price: $768,759 ($692,037) ($700,383)
Original list to close price: 91% (92%) (93%)
Sales velocity: $72,082,091 ($72,663,841) ($53,229,087)
Thoughts: The market is steady but unspectacular. I think we’ll have a pretty good year, all things considered.
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 12/23/2009 – 01/23/2010, 12/16/2009 – 01/16/2010, and 12/23/2008 – 01/23/2009.
Photo of my old condo courtesy Sebastian Diesel at LoftsBoston.com
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