The following information is from the local MLS database, as of May 31, 2008, compared to (May 24, 2008) (and June 2, 2007 – where available).

Total # of condos for sale in the city of Boston: 2,542 (2,537) (2,643)
Average # of days on market: 121 (120) (112)

Number of condos sold (closed) over past 30 days: 422 (370) (460)
Average days on market, sold units: 92 (100) (110)
Ratio, closing (sales) price to original (list) price: 94% (94%) (94%)

Median close price, 2008: $375,500
Median close price, 2007: $385,000

Average close price, 2008: $500,882
Average close price, 2007: $507,332

Number of properties going under agreement, last 30 days: 445 (498) (538)
Average days on market: 96 (97) (N/A)

Velocity: $211,372,141 ($192,198,796) ($233,372,986)
(Velocity is the # of units sold during last 30 days multiplied by the $ amount)

Total Market Value, condos for sale: $1,531,659,902 ($1,536,710,850) (N/A)

My thoughts: Big jump in closings, which is what happened last year this week, as well. Will drop off, now. For the first time in memory, average and median prices dropped below last year’s numbers. Anomaly or signs of a long-term trend, I don’t know.

Based on information provided to and compiled by the Multiple Listing Service Property Information Network, Inc. covering the period 4/30/2008 through 5/31/2008, and the period 5/2/2007 – 6/2/2007.

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Condos around Boston to buy or rent

Condos around Boston to buy:

Back Bay area new condos for sale
Beacon Hill area new condos for sale
Charlestown area new condos for sale
Navy Yard Chalrestown area new condos for sale
Dorchester area new condos for sale
Fenway area new condos for sale
Jamaica Plain new condos for sale
Leather District new condso for sale
Midtown area new condos fro sale
Seaport District area new condos for sale
South Boston new condos for sale
South End new condos for sale
Waterfront new condos for sale
North End area new condos for sale
West End area new condso for sale
East Boston area new condos for sale

Condos around Boston to rent:

Back Bay area condos for rent
Beacon Hill area condos for rent
Charlestown area condos for rent
Navy Yard Charlestown area condos for rent
Dorchester area condos for rent
Fenway area condos for rent
Jamaica Plain area condos for rent
Leather District area condos for rent
Midtown area condos for rent
Seaport District area condos for rent
South Boston area condos for rent
South End area condos for rent
Waterfront area condos for rent
North End area condos for rent
West End area condos for rent
East Boston area condos for rent

Updated 2018

 

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