Do you think a Back Bay luxury townhome is less or more expensive now compared to 2004?  Before you answer, lets 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 

————

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.

Call Now