The following is Boston Proper condo and real estate sales data for the 30 days ending March 13, 2010 (March 6, 2010) (and March 13, 2009, where possible).
Number of units currently on the market: 1,052 (990) (N/A)
Average days on market: 126 (129) (N/A)
Median list price: $589,000 ($589,000) (N/A)
Average list price: $996,765 ($1,010,028) (N/A)
Price changes: 173, -5.23%, -$38,460.70 (161, -5.73%, -$47,783.24) (N/A)
Expired: 37, average 144 days on market (38, average 148 days on market) (N/A)
Number of units under agreement: 127 (135) (N/A)
Median UAG price: $529,000 ($549,000) (N/A)
Average UAG price: $737,424 ($749,776) (N/A)
Number of units sold (past 30 days): 101 (87) (51)
Average days on market: 149 (143) (161)
Months of supply: 10.42 (11.38) (N/A)
Median close price: $580,000 ($630,000) ($535,000)
Average close price: $927,618 ($996,095) ($720,712)
Original list to close price: 93% (93%) (92%)
Sales velocity: $93,689,387 ($86,660,288) ($36,756,325)
Thoughts: While sales popped due to properties going under agreement after the turn of the new year, new under agreements remain stubbornly low. Months of supply increases, as a result. I feel a surge of activity but at this point, it’s all on the sellers’ side.
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 02/13/2010 – 03/13/2010, 02/06/2010 – 03/06/2010, and 02/13/2009 – 03/13/2009.
Photo of my old condo courtesy Sebastian Diesel at LoftsBoston.com
Related posts:
- Boston condos and real estate sales report for March 27, 2010
- Boston condos and real estate sales report, March 20, 2010
- Boston condo and real estate sales report, March 6, 2010
- Boston real estate and condo sales report for the week of August 28, 2010
- Boston condo and real estate sales report, February 27, 2010
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