As promised here is some additional Boston neighborhood condo sales data, including data from 2006 as well. The annual data is pulled from MLS and details sold properties occurring from January 1st of each year to September 29th of each year. I also added percentage changes in each category both from 2007 to 2008 and from 2006 to 2008.
Note: compared to my last post about this, I also combined North End & Waterfront and Beacon Hill and West End, simply because many condos in those neighborhoods can fall in either in MLS.
I hope this sheds some light on the downtown Boston condo market:
BACK BAY |
2006 | 2007 | 2008 | % change (from '07-'08) | % change (from '06-'08) |
| Units Sold | 316 | 363 | 332 | -8.5% | 5.1% |
| Median Price | $565,000 | $601,500 | $630,000 | 4.7% | 11.5% |
| Days on Market | 104 | 107 | 102 | -4.7% | -1.9% |
| Volume | $258,370,750 | $312,348,530 | $314,595,482 | 0.7% | 21.8% |
BEACON HILL/ WEST END |
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| Units Sold | 158 | 162 | 181 | 11.7% | 14.6% |
| Median Price | $440,000 | $441,000 | $445,000 | 0.9% | 1.1% |
| Days on Market | 99 | 86 | 115 | 33.7% | 16.2% |
| Volume | $84,372,745 | $100,724,010 | $112,356,352 | 11.5% | 33.2% |
SOUTH END |
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| Units Sold | 409 | 492 | 477 | -3.0% | 16.6% |
| Median Price | $499,000 | $550,000 | $560,000 | 1.8% | 12.2% |
| Days on Market | 90 | 103 | 93 | -9.7% | 3.3% |
| Volume | $245,491,774 | $298,760,907 | $308,847,668 | 3.4% | 25.8% |
N END/ WATERFRONT |
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| Units Sold | 163 | 151 | 146 | -3.3% | -10.4% |
| Median Price | $522,464 | $495,000 | $550,000 | 11.1% | 5.3% |
| Days on Market | 310 | 149 | 134 | -10.1% | -56.8% |
| Volume | $98,800,989 | $108,246,508 | $120,031,005 | 10.9% | 21.5% |
More neighborhoods and analysis (mostly uneducated guesswork of course!) to follow....