On August 26, 2010 The Clarendon Back Bay recorded their 34th 35th closing. The purchase price was $1,050,000 and included one deeded garage parking space.
This was a 22nd-floor, one-bedroom plus, two-bathroom, 1,134 square foot condo, approximately $925.93 per square foot.
The building is now approximately 33 percent occupied.

According to the Regisrty of Deeds the W sold another condo on August 12, 2010. The unit was 22J, one bedroom, one bath that sold for $750,000.
Total units sold 18 out of 122-unit building.

The following are million dolllar plus condo sales for July 2010:
1. 68 Marlborough #E
List price: $1,099,000 – Sales Price: $1,050,000
Sales date: 7/28/10
2. 160 Commonwealth Ave. #618
List price: $1,119,000 – Sales price: $1,065,000
Sales date: 7/30/10
3. 1 Charles Street #11C
List Price: $1,695,000 – Sales price: $1,535,000
Sales date: 7/30/2010
4. 220 Boylston Stree #1007
List price: $1,295,000 – Sales price: [...]

Click chart to enlarge
Colleen Sullivan has an interesting article in Bankers & Tradesman about how the Massachusetts million dollar-plus home market is heating up. Below are excerpts from Colleen’s article:
Sales at the high end of the market have increased markedly over the past few months, with some Massachusetts towns seeing homes sales in the $1 [...]

Three luxury condos sold at the Clarendon in June 2010.
The Clarendon – 400 Stuart Street #20C
List Price: $1,060,000
Sale Price: $940,000
Sold: 6/22/10
The Clarendon – 400 Stuart Street #17D
List Price: $1,370,000
Sale Price: $1,100,000
Sold: 6/11/10
The Clarendon – 400 Stuart Street #29E
List Price: $3,200,000
Sale Price: $2,975,000
Sold: 6/21/10

The fallout from the Boston W Hotel & Residences’s bankruptcy is not only expanding, it’s getting ugly for the city.
How are they going to untangle this? They’re going to need a legal Houdini or two.
File under: What a mess.

The Boston Herald reported today that the W has come up with a new idea to increase sales. The Hub developers of the W Hotel and Residences are allowing groups to hold parties at no cost in their 20th-floor model units. The move is intended to spur sales of the 123 posh condos, of which [...]

Boston Condo price reductions
$800,000 to $899,999 number of Boston condos on the market: 69
$800,000 to $899,000 number of Boston condos w/ price reductions: 39
$900,000 to $999,999 number of Boston condos on the market: 46
$900,000 tp $999.999 number of Boston condos w/ price reductions: 26
$1,000,000 to $1,200,000 number of condos on the market: 61
$1,200,000 to $1,200,000 [...]

Yesterday, I reported on how the sellers at the Mandarin were in the red with sales this year. But its not all bad news, avg and med sales prices for luxury Boston condos ($800k and above) are exceeding 2008.
1/1/2010 – 6/1/2010
Number of Boston luxury condo sales: 189
Avg Boston luxury condo sales price: $1,766,427
Med Boston [...]

Last month was a tough one for sellers at the Mandarin. Three sales were recorded and all sold below their purchase price in 2008.
May 5, 2010 – The Mandarin C1-PH sold for $9,050,000
Purchased on September 24, 2008 for $10,014,820
May 10, 2010 – The Mandarin 10-B sold for $5,500,000
Purchased on October 1, 2008 for $5,340,860
May [...]