Boston Real Estate
Do you think a Back Bay luxury townhome is less or more expensive now compared to 2004? Before you answer, let’s look at the sales numbers.
January 1, 2004 – December 31, 2004
Number of Back Bay townhouses that sold – 13
Average Back Bay townhome sales price – $3,542,231.00
Median Back Bay townhome sales price – $2,950,000.00
Average Back Bay townhouse sales price per sq ft – $758.00
Average days-on-market for a Back Bay townhome – 311
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February 14, 2010 – February 14, 2011
Number of Back Bay townhouses that sold – 8
Average Back Bay townhome sales price – $5,070,250.00
Median Back Bay townhome sales price – $3,950,000.00
Average Back Bay townhouse sales price per sq ft – $778.00
Average days-on-market for a Back Bay townhome – 299
Now the drop in sales may have a big impact on the average, median, and price per sq ft increases, but still, it does show how resilient the Back Bay luxury real estate market is.
