Boston Back Bay condo sales.
Number of Back Bay condo sales from 1/1/11 – 6/12/11 – 161
Number of Back Bay condo sales from 1/1/10 – 6/12/10 – 189
Median Back Bay condo sales price from 1/1/11 – 6/12/11 – $1,310,572.00
Median Back Bay condo sales price from 1/1/11 – 6/12/10 – $1,340,031.00
Average Back Bay condo sales price per [...]

The cost of street parking in Boston is going up for the first time since the mid-1980s, as the city looks to offset looming federal and state aid cuts.
A total of 7,221 single space meters are operational on Boston’s streets and the 107 multi-space meters in operation accept payments for an additional 820 parking spaces.  [...]

Click chart to enlarge.
Back Bay condo sellers seem to be profiting from “The Great Recession.”
What are your thoughts? Are you suprised by the upward trend on the median Back Bay condo sales price?
File Under: Bradley called it.

According to the BRA web site, the board approved the demolition of 4-6 Newbury Street an existing garage to be replaced with the construction of a 7-story mixed use building: first three floors will be retail and the top four floors will be used for offices and fifteen below grade parking spaces.

According to MLS Back Bay has 83 listings (condos & parking spaces) priced $600,000 or less. Out of the 83 listings 41 have had price reductions.

This will make Bradley’s day. From the Boston Herald.
It’s the ultimate case of “curb appeal.”
An unidentified buyer spent a whopping $300,000 yesterday for a private parking space in Back Bay – the highest price ever paid for a Boston parking spot.
“It’s all a question of supply and demand,” said listing agent Debra Sordillo, who [...]

According to LINK (Multiiple real estate listing service) in Boston metro there were 33 parking spaces that sold in the last 6 months. The avg. sales price was $129,000 and the median sales price $48,000.00. Here is an example of three nighborhoods:
Back Bay Parking – 8 sold, Avg. $149,625.00 / Median $130,000.00
Beacon Hill Parking [...]

   
According to MLS data five parking spaces were sold in the Back Bay.
$57,000.00 – 425 Newbury Street
$60.000.00 – 298 Commonwealth Ave.
$69,000.00 – 74 Commonwealth Ave
$72,000.00 – 416 Commowealth Ave.
$72,000.00 – 425 Commonwealth Ave
How much would you pay for a parking space?
Photo: Flickr, stats from MLS