Coming from our pals over at the Globe, Boston condo sales are up more than 30%!
Adding to evidence that Boston’s downtown condominium market is thawing, sales surged by 30 percent in the second quarter of this year, compared with the same period in 2009, according to data released yesterday.
The number of condos sold was 849, compared with 653 between April and June the year before, according to Listing Information Network, a Boston firm that tracks real estate.
But median selling prices overall slipped by 3.6 percent, to $443,500, in the quarter.
Sales in luxury buildings — defined as those with amenities such as valet and concierge services — increased by 9 percent to 121 sales in the second quarter, compared with the 2009 quarter, according to the data. Prices in the high-end slice of the market also rose, to a median of $665,000. That was 11.8 percent above the median price during the same period last year, when the real estate market was especially grim.
John Ranco, a senior broker at Gibson Sotheby’s International Realty in Boston, said the report corresponds to what he is experiencing in his office. “We’ve seen a loosening up of the higher-end price points,’’ Ranco said. “It was a market that was totally frozen last time last year.’’
Debra Taylor Blair, president of Listing Information Network, said the new data represent the third consecutive quarter of sales growth in the downtown market, which includes the Back Bay, Beacon Hill, the South End, and South Boston. The report does not include sales for Dorchester, Mattapan, or Roxbury.
“I feel that is the magic number that says yes, we are really coming out of the slump,’’ Taylor Blair said of the three straight quarters of improving numbers. It is particularly good news for some of the area’s new luxury developments, which have been saddled with many vacant units over the past several years. Continued…