I recently wrote an article detailing the results for 2013 Single Family home sales. This article takes a closer look at the condo market over the same time period.
Winthrop condo real estate data for 2013
According to the Greater Boston Real Estate Board, this is how Winthrop made out in the condo market from January through November 2013.
- Closed sales were up 1.8%
- Median price was down 8.8% to $219,000
- Days on market were down 25.9% to 77 days
- List to sold price was up .08% to 94.5%
- New listings were up 17.2% to 109 condo listings
There were more sales that stayed on the market less days and sold for lower prices using data from the same time period in 2012.
After studying the data closer, I noticed that the majority of sales under the median price of $219,000 were located at Governors Park, fixer uppers off Winthrop beach and a few short sales thrown into the mix.
What does this mean?
There is no way to know whether these sales went to an owner occupant or investor but I strongly suspect that we are seeing some investors in the mix. Remember when we all wished we had bought a condo at Governors Park? I am also noticing a lot of construction around town.
Not surprising the majority of condos sold at the higher prices were located at Seal Harbor or Atlantis Marina with 2 properties located in the Winthrop Highlands section of town both with water views. Location!
