The following is Boston Proper condo and real estate sales data for the week ending August 21 2011 (August 7 2011) (and August 21 2010). All condominium closings recorded by our local MLS during the past month.
Number of units currently on the market: 724 (784) (856)
Average days on market: 138 (129) (150)
Median list price: $689,000 ($665,000) ($649,950)
Average list price: $1,077,498 ($1,043,869) ($1,078,847)
Number of units sold (past 30 days): 173 (165) (145)
Average days on market: 94 (99) (107)
Median close price: $490,000 ($502,500) ($570,000)
Average close price: $682,401 ($732,530) ($764,481)
Original list to close price: 94% (94%) (94%)
Sales velocity: $118,055,415 ($120,867,519) ($110,849,694)
Thoughts: On-markets listings have longer days on market because no new listings are coming on, this being the end of summer. Last summer?s closings are lower than this year because sales last year were bunched up in June/July following the expiration of the federal tax credit program in April. So, sales this year look higher than normal.
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. for the periods between 07/21/2011-08/21/2011, 07/07/2011-08/07/2011, and 07/21/2010-08/21/2010.
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