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South End Condos – Prices are up

back-bay-condo-facts

Now that’s a bold title for a blog post, wouldn’t you say. Just the facts:

8/20/08 – 11/20/08

Number of Boston South End condo sales – 147
Avg. South End condo sales price – $625,000.00
Med. South End condo sales price – $535,000.00
Days on the market – 619

8/20/09 – 11/20/09

Number of Boston South End condo sales – 145
Avg. South End condo sales price – $688,000.00
Med. South End condo sales price – $539,000.00
Days on the market – 603

Well, well, well, what do we have here – Med and avg sales prices are up for South End condos.

File Under: Looking forward to 2010.

Read other posts about: Boston Real Estate

16 Responses to “South End Condos – Prices are up” »»

  1. Comment by condobuyer | 11/21/09 at 10:00 am

    Hey John,

    Are you including the 10+ Bryant auction sales in “south end”?

    Just curiours. Also, days on market looks a little too long…

  2. Comment by Bradley | 11/21/09 at 10:33 am

    Dear me, I’m shocked!

    Simply SHOCKED!!

    *wink*

  3. Comment by Egg Salad | 11/22/09 at 2:19 am

    Hey Bradley,

    How was that hat?

    *wink* *wink*

  4. Comment by John Ford | 11/22/09 at 2:48 am

    Condobuyer, err….LINK did include the Bryant Sales. Three to be exact.

  5. Comment by condobuyer | 11/22/09 at 4:20 am

    Three shouldn’t skew that much. More than 10 had closed by that date though, is LINK slow to catch up?? If all 10/11 are included then it can completely skew it…

  6. Comment by Boston Broker | 11/22/09 at 2:29 pm

    With closings coming up in December for the W and the Clarendon year end sales numbers will look good.

  7. Comment by Mary | 11/23/09 at 3:10 am

    BB,

    What’s with the Clarendon? have they had any sales?

  8. Comment by condobuyer | 11/23/09 at 3:43 am

    I didn’t know that the Clarendon starts closing in Dec?? Is that really the case?

    Overall, I think both W and Clarendon will close about 10-15 in the first 6 weeks. If they close more than 20, it will be a good start relative to other developments. However, it’s what happens after the initial wave of closings that will be watched carefully. 45P closed 12 or 13 in the first month or so and then dropped off completely over time.

  9. Comment by Boston Broker | 11/23/09 at 4:51 am

    Mary, the numbers I’m hearing is about 100 for the Clarendon and 25 for the W. I can’t confirm those numbers, it’s only what I heard on the street.

  10. Comment by John Ford | 11/23/09 at 5:03 am

    Condobuyer, one of my agents has a property under agreement at the Clarendon; in her last conversation with the marketing/sales office, it was stated they’re going to commmence closing in December 2009.

  11. Comment by condobuyer | 11/23/09 at 7:09 am

    OK a “100″ for the Clarendon??? Seriously, whoever said that on the street was probably referring to the total number of Clarendon condos available! I believe there are 104 of them. OR…the breaking news across the country will be that the Clarendon is sold out!

  12. Comment by megan | 11/23/09 at 7:41 am

    lol @ 100 being sold. Yes, Real Estate keeps going up and up and up. Run out and buy one of those four remaining units while you still can!

  13. Comment by John Ford | 11/23/09 at 8:03 am

    Condobuyer, Megan & Mary, it’s my understanding 107 units, and I “heard” approx 30% have sold. I have no further info on the W besides what I reported before that under agreements are above 45P units sold and closings for the W will commence in December.

  14. Comment by condobuyer | 11/23/09 at 8:44 am

    30% of 107 would be about 32…much different from the earlier “100″ heard on the street by someone.

  15. Comment by John Ford | 11/23/09 at 8:51 am

    Condobuyer, agreed BB was way off. However, if the 32 number is correct and lets say the W has rounding it off 20 (I trust Kevin Ahearn when he says he has more under agreement than 45P sold). Total of 52 luxury condos closing in December. Not bad, wouldn’t you agree?

  16. Comment by condobuyer | 11/23/09 at 9:46 am

    John,

    If over 50 close in December, yes that would make it a really good month. It will look great for your yoy comparison this year, but will probably make 2010 December look weak!

    Whether or not that “30+” figure holds is going to be interesting. Also, longer term success depends on the ability to continuously sell a few units a month.

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