This is a comparison of number of condo sales within the city of Boston, as recorded by the local Multiple Listing Service (MLSPIN).

2005:

Sales range – # of listings – Avg final sales $ – Avg final list $ – Avg original list $

$350,000 : $399,999 – 484 – $373,311 – $378,947 – $384,675
$450,000 : $499,999 – 255 – $473,795 – $482,658 – $489,671
$500,000 : $599,999 – 305 – $548,160 – $555,477 – $561,414
$600,000 : $699,999 – 216 – $647,192 – $655,087 – $664,964
$1,000,000 : $1,499,999 – 111 – $1,209,820 – $1,253,903 – $1,295,754
$3,000,000 : $3,999,999 – 9 – $3,389,444 – $3,577,333 – $3,756,889
$4,000,000 : $4,999,999 – 2 – $4,204,875 – $4,625,000 – $4,850,000

Total Properties: 4,089
Average days on market: 63
Average final sales price: $440,478
Average final list price: $451,052
Average original list price: $459,328
Average sales price as percentage of original list price: 96%

Median Price: $347,000
Highest Price: $4,400,000
Average Price: $440,478

Total Market Volume: $1,801,115,417

2006:

Sales range – # of listings – Avg final sales $ – Avg final list $ – Avg original list $

$350,000 : $399,999 – 443 – $372,917 – $381,389 – $391,089
$450,000 : $499,999 – 235 – $473,161 – $482,415 – $498,899
$500,000 : $599,999 – 280 – $544,169 – $556,957 – $574,468
$600,000 : $699,999 – 170 – $644,520 – $656,550 – $672,121
$1,000,000 : $1,499,999 – 104 – $1,211,858 – $1,269,192 – $1,314,543
$3,000,000 : $3,999,999 – 6 – $3,542,500 – $3,672,500 – $3,747,500
$4,000,000 : $4,999,999 – 3 – $4,166,667 – $4,533,333 – $4,766,333

Total Properties: 3,692
Average days on market: 97
Average final sales price: $442,680
Average final list price: $458,123
Average original sales price: $472,763
Average sales price as percentage of original list price: 94%

Median Price: $350,000
Highest Price: $4,400,000
Average Price: $442,680

Total Market Volume: $1,634,376,388

*** This data is incomplete. Not all listings are entered into MLS; the only way to get accurate sales data is to pull all new deeds on file at the Suffolk County Registry of Deeds. In addition, MLSPIN gets more popular, each year, as more and more agents move from entering their listings into LINK to MLS. However, the actual number of sales may be higher, because many developers do not enter their listings into MLS. Folio Boston auction sales, for example, are not included in the MLS numbers.

*** MLSPIN tracks any re-listing of properties under new MLS #s, and the trail of MLS #s are followed, so that original price is from the original MLS #, and final sales price is from the last MLS #.

Source: MLSPIN

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