Beacon Hill Boston Real Estate Market Update 7.22.10  

Data courtesy of LINK-ONLINE
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Average $ per Square Foot Quarterly
2nd quarter thru 6/30 (3Q final) : $720/sf
3rd quarter thru 7/21 : $697/sf

Closed Units per Quarter

Closed, 2nd Quarter (3Q final): 46 units.
 

During the 2nd '10 quarter, average selling price was about 96.1% of last asking price.
During the 1st '10 quarter, average selling price was about 94.2% of last asking price.
During the 4th '09 quarter, selling price was about 91.3% of last asking price.
During the 3rd '09 quarter, selling price was about 94.6% of last asking price.
During the 2nd '09 quarter, selling price was about 97.4% of last asking price.
During the 1st '09 quarter, selling price was about 96.3% of last asking price.
During the 4th quarter '08, selling price was about 93.5% of last asking price.
During the 3rd quarter, selling price was about 94.8% of last asking price.
During the 2nd quarter, selling price was about 95.78% of last asking price.

The average number of days on market for properties sold during the 2nd quarter 2010 was 67
The average number of days on market for properties sold during the 1st quarter 2010 was 160
The average number of days on market for properties sold during the 4th quarter 2009 was 167
The average number of days on market for properties sold during the 3rd quarter 2009 was 110
The average number of days on market for properties sold during the 2nd quarter 2009 was 106
The average number of days on market for properties sold during the 1st quarter 2009 was 166
The average number of days on market for properties sold during the 4th quarter 2008 was 98
The average number of days on market for properties sold during the 3rd quarter was 113
The average number of days on market for properties sold during the 2nd quarter was 86

Number of units on the market as of 7/21/10: 79. 

Average days on market for available properties as of 7/21/10: 130

Under Agreement Absorption Rate thru 7/15/10: (MLS-PIN)

How much of the available inventory goes under agreement each month?

Average $ per Square Foot Yearly

Average $/SF for 2009: $707/SF

High $/SF for 2009: $1,666$ per SF for 96 Beacon Street #PH, a 5641 SF 4+ bed 4.5 bath unit, which sold for $9,399,673m..

Highest sale in 2009: The Riverside (132 Beacon Street #PH) 5058 SF 4 bed 4.5 bath penthouse sold for $6.527m

It is important to remember that average $ per SF is really just an index. Value varies greatly according to location, condition, configuration, location in building, parking, condo association factors, etc.