Boston Proper Condo Sales Down 16.5%
Comparing the first 3Q’s of 2009 with 2008, Boston Proper condo sales are down 16.5%. However, the 3rd Q of 2009 showed some signs that we might have hit bottom, the number of Boston Proper condo sales were actually up. The 4th Q should be interesting with projected scheduled closing for the W and the Clarendon commencing this month.
The following compares quarterly Boston Proper condo sales of 2008 with 2009:
1st Q 2008
Listings: 422
Avg. $: $747,498
Median $: $519,400
Avg. $/SF: $608
Avg. DOM: 104
1st Q 2009
Listings: 331
Avg. $: $595,247
Median $: $407,500
Avg. $/SF: $524
Avg. DOM: 130
2nd Q 2008
Listings: 863
Avg. $: $651,752
Median $: $483,812
Avg. $/SF: $596
Avg. DOM: 88.5
2nd Q 2009
Listings: 571
Avg. $: $618,166
Median $: $460,000
Avg. $/SF: $574
Avg. DOM: 110
3rd Q 2008
Listings: 865
Avg. $: $836,379.50
Median $: $472,600
Avg. $/SF: $636
Avg. DOM: 95.5
3rd Q 2009
Listings: 891
Avg. $: $589,337
Median $: $434,910
Avg. $/SF: $555
Avg. DOM: 90
What are your thoughts?
Source: Link. Neighborhoods the survey included: Back Bay, Beacon Hill, Charlestown, Fenway, Midtown, North End, Seaport, South Boston, South End, Waterfront, and the West End.
