Boston condo comparison
10/23/09 with 10/23/10

 
 10/23/2009
 
 10/23/2010

Price Range
Number of
Listings
Avg. Days
on Market
vs. today
Number of
Listings
Avg. Days
on Market

Under $50,000
10
82
 
8
123

$50,000 – $99,999
43
118
 
20
82

$100,000 – $149,999
48
149
 
52
82

$150,000 – $199,999
135
130
 
122
142

$200,000 – $249,999
153
101
 
194
118

$250,000 – $299,999
217
114
 
266
126

$300,000 – $349,999
187
105
 
225
119

$350,000 – $399,999
195
119
 
188
97

$400,000 – $449,999
126
111
 
129
125

$450,000 – $499,999
129
115
 
114
107

$500,000 – $599,999
154
145
 
145
118

$600,000 – $699,999
126
125
 
109
124

$700,000 – $799,999
77
134
 
63
110

$800,000 – $899,999
53
139
 
61
145

$900,000 – $999,999
45
129
 
29
180

$1,000,000 – $1,499,999
123
136
 
115
139

$1,500,000 – $1,999,999
58
160
 
72
177

$2,000,000 – $2,499,999
31
214
 
24
229

$2,500,000 – $2,999,999
24
323
 
18
141

$3,000,000 – $3,999,999
23
208
 
21
218

$4,000,000 – $4,999,999
14
303
 
11
228

$5,000,000 – [...]

Average days on the market for current listings on MLS:
Back Bay condos – 165.13 days
Beacon Hill condos – 151.35 days
Charlestown condos – 103.77 days
Dorchester condos – 127.64 days
Jamaica Plain condos - 104.56 days
Midtown condos – 153.65 days
South Boston condos – 97.12 days
South End condos – 97.21 days

Redfin looked up the numbers for all Suffolk County sales listings put on the market in 2009, to see how many had sold by August 11, 2010. The answer? 36.1%.
The survey looked at homes that were listed for sale last year in Suffolk County and about 36% of those listings had sold by August 11, [...]

The avg. days on market for Boston condos:
Back Bay Condos – Avg. market time 156.16 days.
Beacon Hill Condos – Avg. market time 152.64 days.
Charlestown Condos – Avg. market time 113.63 days.
South Boston Condos – Avg. market time 103 days.
South End Condos – Avg. market time 99.35 days.

Click chart to enlarge.
Wall Street Journal reports on the outlook of the housing market. Here are few stats regarding Boston:
Months supply of inventory – 6.1
Jobless rate – 8.3%
Loan payments overdue – 8.7%

Boston condo sales inventory per neighborhood:
Back Bay condos
Number of listings 2009 – 238
Number of listings 2010 – 274
Beacon Hill condos
Number of listings 2009 – 79
Number of listings 2010 – 86
Charlestown condos
Number of listings 2009 – 150
Number of listings 2010 – 142
Fenway condos
Number of listings 2009 – 46
Number of listings 2010 – 76
J.P. condos
Number of listings [...]

The number of condos for sale on Feb 26, 2009 – 1,758.
The number of condos for sale on Feb 26, 2010 – 1,826.
So far, no signs of “shawdow inventory” flooding the market.
Source: MLS.

More Boston homes were listed for sale in January compared to the previous month, according to a new report.
Nationwide, January marked the first time in 18 months that more homes were listed for sale compared to the previous month, with an additional 15,000 homes, or a 2.9 percent increase, listed for sale compared to December, [...]

It feels like I’ve been hearing about “shadow inventory” — Boston proper condos that are in foreclosure but haven’t hit the market yet — forever. Yet no flood of foreclosures has yet inundated the market, and as a matter of fact, inventory has been quite scarce lately. Is there anything to this shadow inventory [...]

The following information is from the local MLS database as of January 23, 2010, compared to (January 24, 2009) and (January 26, 2008).
Total # of condos for sale in Boston: 1,548 (1,608) (2,021)
Number of condos sold, past 30 days: 180 (148) (187)
Average days on market, sold units: 131 (110) (115)
Ratio, closing/sales price to list price: [...]