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Sellers Need to hear this

I was on a listing appointment yesterday (yes, I do other things than blog) and as we were discussing her property she asked me what I thought it would sell for. I provided her comps and then I told her it would sell for around $375,000.00. She told me that she wanted $450,000 and if I would list her the property for $450,000 she would sign an Exclusive Right to Sell contract. I politely declined to take the listing.

There are presently 19 properties in Beacon Hill on the market for 200 day’s or longer. There are 7 properties on the market for sale 400 day’s or longer. I didn’t want to be part of these statistics. Bottom line, if you list a property for sale, please list it to sell.

Read other posts about: Back Bay Real Estate, Beacon Hill Real Estate, General real estate stories

6 Responses to “Sellers Need to hear this” »»

  1. Comment by Linda | 11/04/08 at 1:19 pm

    Rose colored glasses or not. Boston condo sales will pick up after the election.

  2. Comment by David | 11/04/08 at 1:27 pm

    Like the blog but you should proofread your entries. It should be, ” I provided her comps and then (not than) I told her…” Three entries down it should be, “I hope they’re (not there) right…”
    I know this is nit-picking but It betrays a lack of attention to detail.

  3. Comment by John Ford | 11/04/08 at 1:48 pm

    Thank you

  4. Comment by anon | 11/04/08 at 2:41 pm

    “Rose colored glasses or not. Boston condo sales will pick up after the election.”

    Because all of us prospective buyers have been busy doing nothing but practicing how to spell “Obama”?

  5. Comment by John Keith | 11/04/08 at 3:12 pm

    Your point is well taken, anon, that people can do more than one thing at a time.

    It is true, though, that what people hate most is uncertainty, and at least with the the election behind us, people have one less thing to think about.

    Similar to the stock market, where you may see less volatility, as the exotic securities are priced, sold / resold, thrown away.

  6. Comment by Trutopia | 11/04/08 at 8:56 pm

    I don’t know what the election has to do with the price of real estate in Boston, but if sellers for some reason see the election as some magic turning point and are suddenly willing to be more realistic in their consideration of offers after today, then yes, condo sales should pick up!

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    Boston Back Bay Condos 3rd Q 2011





    Back Bay Condo Sales 3rd Quarter 2011 - 150. Number of Back Bay condo sales in the 3rd Q of 2010 - 126

    Back Bay average condo sales price in the 3rd Q of 2011 - $974,258.00. Back Bay average condo sales price in the 3rd Q of 2010 - $944,320.00

    Back Bay condo 3rd Q 2011 sales price per square foot $736.88 Back Bay condo 3rd Q 2010 sales price per square foot $731.88

    Boston Back Bay condos days on market 3rd Q 2011 - 125 Boston Back Bay condos days on market 3rf Q 2010 - 106 Back Bay condo sales stats Jan - Sept 2011:

    Number of Back Bay Condo sales Jan through Sept - 334

    Avg Back Bay condo sales price - $1, 173,927.00

    Med Back Bay condo sales price - $795,000.00

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    Days on market for Back Bay Condo - 131

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    Back Bay Condo Sales form April 1, 2011 - May 1, 2011 - 27

    Avg. Back Bay condo sales price - $1,324,226.00

    Med. Back Bay condo sales price - $1,210,000.00

    Back Bay condo sales price per square foot - $787.00

    Avg. days on the market for Back Bay condo - 184

    Boston Back Bay condos sold from Jan 1, 2011 - April 28, 2011 - 105.

    Average sales price for a Back Bay condominium in 2011 - $1,317,969.00

    Median sales price for a Back Bay condominium in 2011 - $865,000.00

    Average price per sqaure foot for a Back Bay condo in 2011 - $805.00

    Average days on the market in 2011 for a Back Bay condo - 153

    Back Bay condos/real estate sales for the 1st Quarter of 2011:

    Average Back Bay condo sales price - $1,290,181.00

    Median Back Bay condo sales price - $828,895.00

    Average Back Bay condo sales priec per square foot - $804.00



    Back Bay Condos Sold Jan 1, 2011 - April 16, 2011

    Back Bay condos sales - 97

    Average Back Bay condo price: $1,407,795.00

    Median Back Bay condo sales price: $852,500.00

    Average price per square foot for a Back Bay Condo $863.00

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    Back Bay Condos Sold 2011

    Back Bay condos sold: 50

    Average Back Bay condo sales price:$1,367,003.00

    Median Back Bay condo sales price: $953,750.00

    Average Price per $/SF: $806

    Average days on the market for a Back Bay condo: 124

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    Beacon Hill Condos Sales Stats 2011





    Beacon Hill condos sold form Jan 1, 2011 - April 28, 2011 - 37

    Average Beacon Hill condo sales price - $799,809.00

    Median Beacon Hill condos sales price - $560,000.00

    Average price per square foot for a sold Beacon Hill condo - $704.00

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    Boston Condos Brighton Sales Stats 2011





    Boston Brighton Condo sales - 25

    Brighton condo avg. sales price $259,510

    Brighton condo med. sales price $262,000

    Brighton condo price per sq ft $283.00

    Brighton condo days-on-market 90

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    Charlestown condo sales - 25

    Charlestown average condo - $545,019

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    Average price per sq ft Charlestown condo $458.00

    Average days-on-market 123

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    Fenway Condos Sales Stats 2011







    Fenway Condo Sales 2011

    Fenway condo sales 7

    Average Fenway condo price $292,500

    Median Fenway condo price $282,500

    Fenway price per sq ft $435.00

    Fenway days-on-market 237

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