UPDATE (JUNE 11, 2009): If your just finding this post, you may also want to check out the Top 5 highest and lowest priced Boston condos sold in May as well. Thanks for reading!
I always find it fascinating to look back at the past month to see what the least expensive and the most expensive condos in Boston were. So I figured I'd post it this month. It really can't tell you much about the market - if it's up, down, or sideways - but the range of properties and pricing within one city and within just a few miles of each other really amazes me for some reason. And it puts some perspective on median or average prices when the range of sales can be so huge....
Before I get to the most and least expensive properties, 216 Boston condos were sold in April 2009 and here's a quick summary of the numbers from MLS:
Average list price: $453,668
Average sale price: $435,240 (for a 4.1% discount ratio)
Average days on market: 126
Average price per square foot: $408
Now here are the properties at the bottom and the top of price range in the Boston real estate market. I've included basic specs, a photo, and the first line of the property description from MLS to add a little detail.
Top 5 Least Expensive Boston Condos:
35 Harwood St - Unit 3
2 bed/1 bath condo in Dorchester
Sale Price: $25,000
Third floor condo. Needs some cosmetics and updates.
34 Melbourne St. Unit 2
3 bed/0 bath condo in Dorchester
Sale Price: $26,000
Uninhabitable corporate owned condominium unit in an uninhabitable 3 unit shell.
8 Beethoven - Unit 2
1 bed/1 bath condo in Roxbury
Sale Price: $30,000
A nice 1 bedroom condo. Hardwood floors throughout.
8 Beethoven - Unit 3R
1 bed/1 bath condo in Roxbury
Sale Price: $32,900
Nice attached condo unit in 6 family.Hardwood floors and new windows!
67 Maywood St - Unit 2
3 bed/2 bath condo in Roxbury
Sale Price: $36,000
Bright and sunny spacious condo in good condition close to all area amenities!
The Top 5 Most Expensive Boston Condos:
360 Marlborough St. - Unit 1
3 bed/2.5 bath condo in Back Bay
Sale Price: $1,200,000
Superbly renovated 2 bedroom with office area, 2.5 bath home.
250 Boylston Street - Unit 3B
2 bed/2.5 bath condo in Back Bay
Sale Price: $1,625,000
Rare opportunity to own a two plus bedroom in The Le Jardin.
27 Braddock Park - Unit 1
3 bed/3.5 bath condo in South End
Sale Price: $2,232,000
Wonderful Parlor Triplex by noted South End developer.
228 Marlborough Street - Unit 1
3 bed/3.5 bath condo in Back Bay
Sale Price: $2,550,000
Magnificent 3 bedroom ideally located on quiet Marlborough Street in 1879 townhouse.
96 Beacon Street - Unit PH
3 bed/3.5 bath condo in Beacon Hill
Sale Price: $9,290,000
Built during the gilded era, this classic building is undergoing a complete renovation.
So there you have it - in one month, condos in Boston ranging from $25,000 (94% below the average) all the way to $9,290,000 (a whopping 2034% over the average) were sold. Remarkable - the actual distance between the low and high priced condos is under 5 miles but seemingly worlds apart.
What are your thoughts? Comment below!
2009 Boston Condo Market Report
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