South End Boston Real Estate: Market Update 7.21.2010  

Data courtesy of LINK-ONLINE
Click here for more stats and charts from LINK

Condominiums Going Under Agreement  thru 7/15/10  (MLS-PIN)

South End Boston real estate market condos going under agreement

Average $ per square Foot Quarterly

Closed 2nd quarter as of 6/30 (final): $609/SF
Closed 3rd quarter as of 7/21: $550/SF

South End Boston real estate market average $ per square foot quarterly

Closed Condominiums per Quarter
South End Boston real estate market closed condos quarterly

During the 2nd quarter '10, the average selling price was 96.5% of last asking price.
During the 1st quarter '10, the average selling price was 96.5% of last asking price.

During the 4th quarter '09, the average selling price was 94.42% of last asking price.
During the 3rd quarter '09, the average selling price was 97.12% of last asking price.
During the 2nd quarter '09, the average selling price was 97.08% of last asking price.
During the 1st quarter '09, the average selling price was 96.66% of last asking price.
During the 4th quarter '08, the average selling price was 96.9% of last asking price.
During the 3rd quarter, the average selling price was 97.6% of last asking price.
During the 2nd quarter, the average selling price was 97.79% of last asking price.

Units that are finished nicely and represent a good value for the money will still sell close to asking. Units that do not show well, are not located well, are not marketed well, and are priced too high, are still just not selling.


Approx. average days on market units closed during the 2nd quarter 2010: 83
Approx. average days on market units closed during the 1st quarter 2010: 138
Approx. average days on market units closed during the 4th quarter 2009: 110
Approx. average days on market units closed during the 3rd quarter 2009: 87
Approx. average days on market units closed during the 2nd quarter 2009: 90
Approx. average days on market units closed during the 1st quarter 2009: 116
Approx. average days on market units closed during the 4th quarter: 100
Approx. average days on market units closed during the 3rd quarter: 7
2
Approx. average days on market units closed during the 2nd quarter: 70
Approx. average days on market units closed during the 1st quarter: 103
 

Under Agreement Absorption Rate thru 7/15/2010: (MLS-PIN)

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

South End Boston real estate market absorption rate

Number of Available Condominiums

The number of available condos as of 7/21/10: 173.  Relatively tight to moderate.

Average days on market for currently available units as of 7/21/10: 90. South End Boston real estate market available inventory

Median Sale Price
 
2nd quarter thru 6/30 (prelim): $550,000.
3rd quarter
closed thru 7/21: $482,500.
South End Boston real estate market median sale price

Average $ per Square Foot Yearly

Average $/SF for 2009: $584/SF

Top $/SF 2009: $1171/SF for a 1537 SF 2+ bed, 2.5 bath unit at Atelier 505, which sold for about $1.8m.
Atelier 505 was the top $/SF building in the South End, with 10 sales averaging about $976/SF.

The highest price paid for a condominium in the South End in 2009: 485 Harrison #601, a 4584 SF 3+ bed/3 ba penthouse with private roofdeck for $3.725m

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.

South End Boston $ per square foot of condominiums yearly

Condominiums Sold per Year

South End Boston condos sold per year

 

Boston Real Estate. Buyer & seller real estate brokerage & relocation . Full property listing & marketing . Condominiums, brownstones,  & buildings

Boston real estate agent and Boston homes for sale   Purchasing Boston Real Estate  Selling Homes in Boston   Search Boston Homes for Sale   Search Boston Real Estate Boston Open Houses   Contact Me for Boston Real Estate   Boston Real Estate Market Health Update   South End Boston Real Estate Market Update   Back Bay Boston Real Estate Market Update   Beacon Hill Boston Real Estate Market Update   Midtown Boston Real Estate Market Update   Leather District Boston Real Estate Market Update   South Boston Real Estate Market Update   Seaport Boston Real Estate Market Update   Fenway Boston Real Estate Market Update   Luxury & New Construction Boston Homes   Client Testimonials   Best Boston Links   Boston Neighborhoods   About Back Bay Boston   About South End Boston    About Beacon Hill Boston   About Midtown Boston   About Leather District Boston   About Seaport District Boston   About South Boston   About Fenway Boston
 

Boston Luxury Real Estate   Battery Wharf Waterfront Boston   The Bryant on Columbus Back Bay Boston   One Charles Back Bay Boston   45 Province Midtown Boston   The Intercontinental Waterfront Boston   285 Columbus Lofts Back Bay Boston   The Intercontinental Waterfront Boston   Ritz-Carlton Towers Back Bay Boston   700 Harrison South End Boston   The Clarendon Back Bay Boston   Penny Savings Bank South End Boston   700 Harrison South End Boston   FP3 Seaport District Boston   W Boston Residences   360 Newbury Back Bay Boston   D4 South End Boston   Trinity Place Back Bay Boston   Greenway Place Waterfront Boston    Channel Center Seaport District Boston   Otello Leather District Boston   Atelier 505 South End Boston   210 South Street Leather District Boston   Strada 234 North End Boston   The MacAllen Building Seaport Boston   Lafayette Lofts Midtown Boston   The Grandview Back Bay Boston   The Penmark South End Boston
Copyright © 2001 Joseph H. Wolvek  All rights reserved.
Revised: July 28, 2010