CHARLESGATE Blog

Boston condo market update (with highest and lowest sales for September)

Written by Michael DiMella | Oct 15, 2009 4:00:00 AM

I know posting has been a bit slow around these parts lately (sorry!) but I'm working on a few new website enhancements for this site and also for our Boston Apartments site that have been keeping me busy.  I'm planning to get back to a more regular writing schedule over the next few weeks, but in the meantime I'll try to try to keep you updated on the Boston real estate market the best I can - it's a strange market out there right now!  Anyway, here's a quick statistical update for the past month's data:

 

Boston condo market statistics for September 2009

315 Boston condos in total were sold in September 2009 for a total value of $142,587,900 and here's a summary of the market statistics from MLS (with August 2009 stats in italics and September 2008 in parenthesis as comparison):

Number Sold:     315     456     (311)

Average list price:     $477,502     $498,642     ($550,437)

Average sale price:     $452,660     $476,203     ($525,300)

Average discount ratio:     5.2%     4.5%     (4.6%)

Average days on market:     105     106     (98)

Average price per square foot:     $453     $484     ($526)

Total market $ volume:     $142,587,900     $217,148,568     ($163,368,300)

 

Notable Boston condo sales from September 2009

Here are the 5 lowest and highest priced Boston condos sold in September.  I have included a photo, quick specs, and the first line of the description from MLS to provide a little background.

Top 5 Least Expensive Boston condos sold

5 Creston Pk - Unit 3 | Dorchester
3 Bed | 1 Bath

Sale Price: $30,000

Subject to Third Party Approval. Sold "as is". No utilities are on at present time.

 

 

14 Lyndhurst St - Unit 1F | Dorchester
1 Bed | 0 Bath

Sale Price: $44,900

Fannie Mae owned. This unit is under construction. There is no kitchen and no bathroom. This property will not qualify for financing.

 

 

138 Ballou - Unit 3 | Dorchester
2 Bed | 1 Bath
Sale Price: $50,000

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.

 

 

69 Moreland St - Unit U:2
3 Bed | 1 Bath
Sale Price: $58,000

Good sized condo, renovated within the last few years. Own for less than renting!

 

 

 

800 Washington St - Unit 3 | Boston
3 Bed | 1 Bath
Sale Price: $59,900

Third floor condo. Unit is in fair shape but there is NO CONDO ASSOCIATION = NO 6D = CASH DEALS.BANK SALE. SOLD AS IS.

 

 

 

Top 5 Most Expensive Boston condos sold

404 Beacon Street - Unit 4 | Back Bay
3 Bed | 2 Bath
Sale Price: 2,085,000

Luxurious 3bd, 2113 sqft Condo. Entire 4th Floor of a Converted 19th Century Corner Mansion w/Commanding River & City Views.

 

 

134 Beacon - Unit 102 | Back Bay
3 Bed | 3 Bath
Sale Price: $2,500,000

Height of elegance.Superb 2,427 sf parlor duplex (5 unit 2009 renovation) on prime waterside Beacon/Berkeley.

 

 

185 Marlborough - Unit 1 | Back Bay
3 Bed | 3.5 Bath
Sale Price: $2,500,000

Spectacular New Renovation on sunny side Marlborough Street.

 

 

 

 

196 Beacon St - Unit 3 | Back Bay
3 Bed | 3 Bath
Sale Price: $3,000,000

Located in a meticulously renovated 3unit waterside Beacon Bldg centrally located in Back Bay at Clarendon St.

 

 

220 Boylston Street - Unit 1220 | Back Bay
3 Bed | 3 Bath
Sale Price: $3,500,000

At Four Seasons Place. Very rare, front-facing, corner 3 bedroom unit with magnificent views of the Public Garden, down Boylston St and beyond.