april 2011 south boston market update

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South Boston real estate update April 2011 Edition.

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Page 1: April 2011 South Boston Market Update

APRIL 2011 SOUTH BOSTON REAL

ESTATE MARKET OVERVIEW

COMPLIMENTS TEAM MCCARTHY AT

REMAX REALTY PLUS.

BUYING, SELLING OR RENTING PROPERTY IN

SOUTH BOSTON PLEASE CONSIDER US FOR THIS

IMPORTANT RESPONSIBILITY. Sales:

Stephen McCarthy [email protected]

Rentals: Anne Doyle 617-794-2833 -- [email protected]

Exclusive New Listing April 1st

46 G Street Unit #3

Spectacular corner penthouse unit with

dramatic views and deeded parking.

Over 1,300 sq ft of living space with top of

the line finishes in a sought after location.

Asking $599,000

Stephen McCarthy ~ REMAX Realty Plus ~ 617-320-7219

[email protected] ~ www.sb02127.com

Brick Single Family

94 I Street

Featuring over 2,400 square feet of living

space this charming East Side home

offers a penthouse master suite with

private roof deck overlooking

South Boston and beyond.

4 Bedrooms, 2.5 Baths and fenced yard.

Asking $569,000

Page 2: April 2011 South Boston Market Update

Current MLS inventory for sale at 256 units is only 10 less than Q1 2010.

The number of units newly listed for sale in Q1 2011 is 20% fewer than last year.

77 properties closed in Q1 2011 which is very consistent with 2008 and 2009.

South Boston Condos Sold Q1 2011

Avg List Price $401,000

Avg Sale Price $387,000

Avg Days on Market 146

Avg List Price PSF $366

49% of the South Boston

condo sales recorded by MLS

in Q1 2011 were either

brand new rehab’s or

new construction