2012 may south boston market update for web
DESCRIPTION
May 2012 South Boston Market UpdateTRANSCRIPT
MAY 2012 MCCARTHY REPORT
BUYING, SELLING OR RENTING PROPERTY
IN SOUTH BOSTON PLEASE CONSIDER US
FOR THIS IMPORTANT RESPONSIBILITY.
Stephen McCarthy 617-320-7219
Anne Doyle 617-794-2833
NEW LISTING
WESTSIDE PENTHOUSE HOME.
2 BEDROOMS, 2.5 BATHS
BEAUTIFUL VIEWS FROM THE
PRIVATE ROOF DECK. EXCELLENT
CEILING HEIGHT, VERY BRIGHT.
OPEN LAYOUT FEATURING
SPACIOUS LIVING ROOM AND
DINING AREA. ASKING $499K
CALL STEPHEN MCCARTHY TODAY FOR A PROFESSIONAL
MARKETING PLAN DESIGNED TO SELL YOUR PROPERTY.
For Sale Inventory is Low Spring sales have been very strong
# Listings DOM # Listings DOM Sales/MonthMonths of
Inventory# Listings DOM # Listings DOM Sales/Month
Months of
Inventory
Back Bay 265 204 97 128 24.3 10.9 194 104 117 108 29 6.7
Beacon Hill 92 173 43 114 10.8 8.5 72 74 41 78 10.2 7.1
Charlestown 161 132 55 100 13.8 11.7 116 80 50 79 12.4 9.4
North End 54 204 19 128 4.8 11.3 31 49 16 82 4 7.8
South Boston 269 136 104 105 26 10.3 141 73 129 78 32 4.4South End 248 137 101 88 25.3 9.8 147 62 126 87 31.2 4.7
1089 164 419 111 104.8 10.4 701 74 479 85 118.8 5.9
Prior Current Unit % Prior Current Price % Prior Current %
Period Period Change Change Period Period Change Change Period Period Change
Back Bay 122 163 41 33.60% $845,000 $800,000 ($45,000) -5.30% 121 98 -19.00%
Beacon Hill 61 53 -8 -13.10% $549,900 $520,000 ($29,900) -5.40% 81 70 -13.60%
Charlestown 74 81 7 9.50% $432,000 $449,900 $17,900 4.10% 77 68 -11.70%
North End 17 28 11 64.70% $359,000 $363,250 $4,250 1.20% 132 73 -44.70%
South Boston 147 213 66 44.90% $418,500 $409,000 ($9,500) -2.30% 95 72 -24.20%South End 143 193 50 35.00% $615,000 $589,000 ($26,000) -4.20% 63 60 -4.80%
564 731 167 29.60% $517,000 $525,000 $8,000 1.50% 95 74 -22.10%
Prior Current Unit % Prior Current Price % Prior Current %
Period Period Change Change Period Period Change Change Period Period Change
Back Bay 97 117 20 20.60% $897,000 $842,500 ($54,500) -6.10% 128 108 -15.60%
Beacon Hill 43 41 -2 -4.70% $520,560 $549,000 $28,440 5.50% 114 78 -31.60%
Charlestown 55 50 -5 -9.10% $421,000 $435,500 $14,500 3.40% 100 79 -21.00%
North End 19 16 -3 -15.80% $378,000 $328,500 ($49,500) -13.10% 128 82 -35.90%
South Boston 104 129 25 24.00% $393,750 $393,000 ($750) -0.20% 105 78 -25.70%South End 101 126 25 24.80% $607,500 $570,000 ($37,500) -6.20% 88 87 -1.10%
419 479 60 14.30% $505,000 $510,000 $5,000 1.00% 111 86 -22.50%
Number of Properties Sold
Number of Properties U/A
Prior Period: 1/1/11 - 5/1/11 Current Period: 1/1/12 - 5/1/12
Median Sale Price Days on Market
Area
SALES TRENDS
Inventory Trends
Prior Period: 1/1/11 - 5/1/11 Current Period: 1/1/12 - 5/1/12
Median Asking Price Days on Market
Area
UNDER AGREEMENT TRENDS
Area
Prior Period: 1/1/11 - 5/1/11 (4.0 months / 120 days) Current Period: 1/1/12 - 5/1/12 (4.0 months / 121 days)
Active Listings Sold Listings Inventory Data Active Listings Sold Listings Inventory Data