2012 may south boston market update for web

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May 2012 South Boston Market Update

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Page 1: 2012 May South Boston Market Update For Web

MAY 2012 MCCARTHY REPORT

BUYING, SELLING OR RENTING PROPERTY

IN SOUTH BOSTON PLEASE CONSIDER US

FOR THIS IMPORTANT RESPONSIBILITY.

Stephen McCarthy 617-320-7219

[email protected]

Anne Doyle 617-794-2833

[email protected]

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

Page 2: 2012 May South Boston Market Update For Web

# 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