In preparation for my big appearance in hosting a downtown Boston real estate special on FOX25 this week, I dug into the numbers. What I looked at was some high level overview data on sold data in the downtown Boston real estate marketplace.
Dates: Jan to October 2007 vs. Jan to October 2008.
Neighborhood Spec: Back Bay, Beacon Hill, Charlestown, Leather District, Midtown, North End, South Boston, South End, Waterfront and the West End (a.k.a. downtown Boston)
Source: MLS Pin
This is what it looks like.
Units sold 1,976
Avg DOM 116
Avg Sales Price $617,192
Avg List Price $640,847
Median Price $475,000
Most expensive unit sold $8,250,000
Ratio (list to sales) 97%
Total market volume $1,219,571,510
2008 – (in comparison)
Units Sold 1,764 ( down 11%)
Avg DOM 105 (selling 11 days quicker)
Avg Sales Price $657,815 (sales prices up $17,000)
Avg List Price $684,107 (up 6%)
Median Price $482,250 (up 1.5%)
Most expensive unit sold $8,350,000
Ratio (list to sales) 97% (same)
Total market volume $1,160,385,079 (down 5%)
What does all of this mean? Tune in next week for our special on Fox 25. We will post exact time and date as we here.
Below are the detailed charts for the information above. (Click to enlarge)
2007 MLS Boston Real Estate Sold Data
2008 MLS Boston Real Estate Sold Data
Search All Boston Condos for Sale