The following is Boston Proper condo and real estate sales data for the 30 days ending March 6, 2010 (February 27, 2010) (and March 6, 2009, where possible).
Number of units currently on the market: 990 (939) (N/A)
Average days on market: 129 (136) (N/A)
Median list price: $589,000 ($595,000) (N/A)
Average list price: $1,010,028 ($1,036,364) (N/A)
Price changes: 161, -5.73%, -$47,783.24 (155, – 6.42, -$56,791.93) (N/A)
Expired: 38, average 148 days on market (49, average 140 days on market) (N/A)
Number of units under agreement: 135 (125) (N/A)
Median UAG price: $549,000 ($559,000) (N/A)
Average UAG price: $749,776 ($800,045) (N/A)
Number of units sold (past 30 days): 87 (96) (51)
Average days on market: 143 (122) (164)
Months of supply: 11.38 (9.78) (N/A)
Median close price: $630,000 ($577,500) ($570,000)
Average close price: $996,095 ($882,984) ($821,253)
Original list to close price: 93% (92%) (92%)
Sales velocity: $86,660,288 ($84,766,489) ($41,883,917)
Thoughts: Buyer activity has not picked up, yet. New listings continue to multiply, daily. There will be lots of window shopping during the coming weeks.
This report includes sales and inventory information for condominiums located in the following downtown Boston neighborhoods: Back Bay, Beacon Hill, Charlestown, Financial District, Leather District, Midtown, North End, Seaport District, South End, The Fenway, Theatre District, Waterfront, West End, Chinatown, Faneuil Hall , Kenmore Square.
Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc. for the period between 02/06/2010 – 03/06/2010, 01/27/2010 – 02/27/2010, and 02/06/2009 – 03/06/2009.
Photo of my old condo courtesy Sebastian Diesel at LoftsBoston.com
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