The following is Boston Proper condo and real estate sales data for the week ending April 29 2012, (April 22 2012), (May 1 2011), (May 1 2010), and (May 1 2009) where available. All condominium closings recorded by our local MLS during the past month.
Number of units currently on the market: 637 (617) (938) (1,258) (n/a)
Average days on market: 98 (105) (120) (111) (n/a)
Median list price: $749,000 ($759,000) ($619,000) ($580,000) (n/a)
Average list price: $1,092,945 ($1,099,498) ($962,827) ($955,691) (n/a)
Number of units under agreement: 212 (202) (152) (204) (n/a)
Number of units sold (past 30 days): 154 (123) (126) (120) (110)
Average days on market: 109 (109) (133) (108) (117)
Median close price: $574,750 ($575,000) ($587,500) ($551,000) ($494,500)
Average close price: $804,376 ($843,231) ($795,644) ($831,606) ($681,301)
Original list to close price: 95% (95%) (94%) (94%) (94%)
Sales velocity: $123,873,904 ($103,717,384) ($100,251,193) ($99,792,669) ($74,943,064)
Thoughts: Sales volume increased; we?ll see more closings over the coming six weeks due to the spring market hitting its stride. Half the number of units listed for sale with same number under agreements puts upward pressure on prices!
This report includes sales and inventory information for condominiums located in the following downtown Boston neighborhoods: South End, Back Bay, Beacon Hill, West End, North End, Waterfront, Seaport District, Chinatown, Leather District, Midtown, and Fenway.
Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc.
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