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Closed Units per Quarter
Closed, 1st quarter (final): 2 units.
The average selling price for the 1st quarter 2010 was
96.6% of last asking price.
The average selling price for the 4th quarter was
93.3% of last asking price.
The average selling price for the 3rd quarter was
90.9% of last asking price.
The average selling price for the 2nd quarter was
95.6% of last asking price.
The average selling price for the 1st quarter 2009 was
95.47% of last asking price.
The average selling price for the 4th quarter was
96.53% of last asking price
The average selling price for the 3rd quarter was
97.81% of last asking price
The average selling price for the 2nd quarter was
96.18% of last asking price
The average selling price for the
1st quarter2008 was
96.76% of last asking price .
The average number of days on market for properties
sold in this area for the 4th quarter was 289(!!!!!!!)
The average number of days on market for properties
sold in this area for the 4th quarter was 208(!!)
The average number of days on market for properties
sold in this area for the 3rd quarter was 176.
The average number of days on market for properties
sold in this area for the 2nd quarter was 195.
The average number of days on market for properties
sold in this area for the 1st quarter was 220.
The average number of days on market for properties
sold in this area for the 4th quarter was 181.
The average number of days on market for properties
sold in this area for the 3rd quarter was 71.
The average number of days on market for properties
sold in this area for the 2nd quarter was 54.
The average number of days on market for properties
sold in this area for the 1st quarter was 175
including preconstruction marketing time (121 Beach,
210 South).
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Median Selling Price
1st quarter closed thru 3/31 (final): $458,000 (2
closings)
2nd quarter closed (thru 4/26): $435,000 (2
closings)
In this neighborhood, the amount and type of
inventory available for sale is determined by the
presence of large scale new construction/renovation
projects.
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Number of Available Condominiums
The number of available
condos as of
4/26/10: 19.
Average days on market for available units as of
4/26/10: 55
Availability
in this neighborhood is very dependent upon the
completion of large scale construction and
renovation projects, and to a limited degree, the
resale of those units.
Right now, here, as elsewhere, there is not much
development going on., However, in the future, look for continued development
and additional high end amenities in this
neighborhood.
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Average $ per Square Foot Yearly
Average $/SF for 2009: $401/SF
High $/SF for 2009:
$553/SF for Beach St Lofts 5D, a 1085 SF loft, 1
bath which sold for $599,500.
Highest sale in 2009:
$1,389,000 112 Beach St. #8, a 2823 SF 2+bedroom, 2
bath.
At $489/SF, 2007 was the strongest year on record
for the Leather District,
primarily due to sellouts of large scale projects
such as 210 South Street and sales of the
penthouses at Lafayette Lofts.
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.
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