Similar to how I wrote about the Boston real estate market in April and May (sorry - I skipped June), here are the Top 5 highest and lowest priced Boston condos sold in July.
The price range is always astounding to me - this month the highest priced condo in Boston sold for 100 times more than the lowest priced condo. And these two properties are only a hair over 2 miles away from each other - easily walkable. Two miles and 100x the price. Amazing. And this is even a smaller price range difference than in either May or April!
Boston condo market statistics for July 2009
Before I get to the most and least expensive properties,
464 Boston condos in total were sold in July 2009 for a total value of $200,795,740 and here's a quick summary of the market statistics from MLS
(with June stats in parenthesis as comparison):
Number Sold: 464 (411)
Average list price: $449,546 ($486,463)
Average sale price: $432,749 ($464,784)
Average discount ratio: 3.7% (4.5%)
Average days on market: 95 (89)
Average price per square foot: $444 ($465)
Total market $ volume: $200,795,740 ($191,026,021)
Top 5 Least Expensive Boston condos sold in July 2009
Here are the 5 lowest price condos sold in Boston in May. I have included a photo, quick specs, and the first line of the description from MLS to provide a little background.
37-39 Folsom St - Unit 6
Dorchester
3 Bed | 1 Bath
Sale Price: $29,000
Bank Owned condominium. Investor Alert. Building in need of extensive repairs. No Condo Association.
247 WASHINGTON ST - Unit 1
Dorchester
1 Bed | 1 Bath
Sale Price: $30,000
This cozy first floor level unit is located on the bus line with easy access to shopping and so much more, bring your offer.
15 Boyden St - Unit 4
Boston
2 Bed | 1 Bath
Sale Price: $35,000
Please be advised that this property is listed post-foreclosure, and therefore caution should be exercised by brokers and their clients during any entry and inspection of the premises.
21 Bicknell St - Unit 1
Dorchester
3 Bed | 1 Bath
Sale Price: $37,900
Good Location near public transportation. Offer, pre-approval and/or proof of funds copy of earnest money deposit check, name, email and contact information for the buyers, buyers broker, buyers attorney and mortgage broker on the over cover sheet.
37-39 Folsom - Unit 5
Dorchester
2 Bed | 1 Bath
Sale Price: $39,000
Please be advised that this property is listed post-foreclosure, and therefore caution should be exercised by brokers and their clients during any entry and inspection of the premises.
Top 5 Most Expensive Boston condos sold in July 2009
228 West Canton St - Unit 1
Boston: South End Condo
3 Bed | 3.5 Bath
Sale Price: $1,875,000
Dramatic Parlor, Street and Garden Triplex offers 3+ bedrooms, 3.5 baths, deck off kitchen, private rear patio and 2 direct access deeded parking spaces.
776 Boylston Street - Unit E11E
Boston: Back Bay Condo
2 Bed | 2.5 Bath
Sale Price: $2,500,000
Five star living at the Mandarin Oriental w/full hotel services incl resident access to a lavish spa, wellness center, yoga/meditation, & Middle Eastern inspired Hammam.
96 Beacon Street - Unit 2
Boston: Beacon Hill Condo
3 Bed | 3.5 Bath
Sale Price: $2,650,000
Recently completed! Exceptional 3 bedroom duplex with private terrace and courtyard.
68 Beacon Street - Unit 7W
Boston: Beacon Hill Condo
3 Bed | 3 Bath
Sale Price: $2,695,000
Elegant, sun filled, seventh floor cooperative apartment in a distinctive corner, doorman building.
303 Columbus Ave - Unit PH1001
Boston: South End Condo
3 Bed | 2 Bath
Sale Price: $2,975,000
The Bryant on Columbus, an intimate enclave of 50 homes in a fabulous location, between Clarendon & Dartmouth Sts.
That's it for this month's edition of "perspective" on the Boston real estate market. As usual, amazing variation in Boston condos over just a few miles. If you have any questions about the market, just contact me and ask away!
What do you think of the difference in Boston condo prices? Comment below!
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