february 2011 market update

2
Prior Current Unit % Prior Current Price % Prior Current % Period Period Change Change Period Period Change Change Period Period Change Allston 72 70 -2 -2.80% $307,500 $238,662 ($68,838) -22.40% 76 69 -9.20% Back Bay 361 447 86 23.80% $682,500 $825,000 $142,500 20.90% 96 109 13.50% Beacon Hill 141 135 -6 -4.30% $543,000 $542,500 ($500) -0.10% 103 97 -5.80% Brighton 245 245 0 0.00% $258,000 $256,000 ($2,000) -0.80% 67 74 10.40% Charlestown 217 225 8 3.70% $402,200 $415,000 $12,800 3.20% 95 98 3.20% Dorchester 364 293 -71 -19.50% $157,250 $173,000 $15,750 10.00% 74 68 -8.10% East Boston 92 48 -44 -47.80% $227,000 $211,000 ($16,000) -7.00% 128 82 -35.90% Hyde Park 30 17 -13 -43.30% $184,500 $169,500 ($15,000) -8.10% 89 115 29.20% Jamaica Plain 324 323 -1 -0.30% $317,950 $325,000 $7,050 2.20% 75 70 -6.70% Mattapan 20 20 0 0.00% $59,000 $61,450 $2,450 4.20% 114 71 -37.70% Mission Hill 10 12 2 20.00% $231,500 $308,000 $76,500 33.00% 56 70 25.00% North End 65 74 9 13.80% $375,000 $344,000 ($31,000) -8.30% 73 111 52.10% Roslindale 127 102 -25 -19.70% $263,500 $273,000 $9,500 3.60% 91 74 -18.70% South Boston 458 478 20 4.40% $345,000 $363,500 $18,500 5.40% 90 85 -5.60% South End 456 502 46 10.10% $545,500 $547,500 $2,000 0.40% 80 81 1.30% The Fenway 104 98 -6 -5.80% $327,500 $296,000 ($31,500) -9.60% 66 67 1.50% Waterfront 102 119 17 16.70% $666,000 $732,000 $66,000 9.90% 123 104 -15.40% West Roxbury 95 68 -27 -28.40% $275,250 $250,000 ($25,250) -9.20% 98 106 8.20% 3283 3276 -7 -0.20% $350,000 $375,000 $25,000 7.10% 89 87 Area CONDO SALES TRENDS BOSTON NEIGHBORHOODS Prior Period: 1/1/09 - 12/31/09 Current Period: 1/1/10 - 12/31/10 Number of Properties Sold Median Sale Price Days on Market 83% 8% 8% 1% 0% South Boston Property Sales Mix 2009 - 2010 Condo Single Family Multi-Family Commercial/Industrial 250 300 350 400 450 January February March April May June July August September October November December SB Single Family and Condo Inventory For Sale 2007 - 2010 2007 2008 2009 2010 The median sale price for a condo in South Boston increased 5.4% in 2010. The number of condos sold in South Boston increased by 4.4% in 2010. According to MLS condos represented 83% of all real estate sold in South Boston in 2009 and 2010 Currently there are 235 single family and condo units listed for sale in SB which is the lowest it has been since January 2009.

Upload: stephen-mccarthy

Post on 12-May-2015

109 views

Category:

Documents


2 download

DESCRIPTION

Stephen McCarthy’s February 2011 02127 real estate overview

TRANSCRIPT

Prior Current Unit % Prior Current Price % Prior Current %

Period Period Change Change Period Period Change Change Period Period ChangeAllston 72 70 -2 -2.80% $307,500 $238,662 ($68,838) -22.40% 76 69 -9.20%

Back Bay 361 447 86 23.80% $682,500 $825,000 $142,500 20.90% 96 109 13.50%

Beacon Hill 141 135 -6 -4.30% $543,000 $542,500 ($500) -0.10% 103 97 -5.80%

Brighton 245 245 0 0.00% $258,000 $256,000 ($2,000) -0.80% 67 74 10.40%

Charlestown 217 225 8 3.70% $402,200 $415,000 $12,800 3.20% 95 98 3.20%

Dorchester 364 293 -71 -19.50% $157,250 $173,000 $15,750 10.00% 74 68 -8.10%

East Boston 92 48 -44 -47.80% $227,000 $211,000 ($16,000) -7.00% 128 82 -35.90%

Hyde Park 30 17 -13 -43.30% $184,500 $169,500 ($15,000) -8.10% 89 115 29.20%

Jamaica Plain 324 323 -1 -0.30% $317,950 $325,000 $7,050 2.20% 75 70 -6.70%

Mattapan 20 20 0 0.00% $59,000 $61,450 $2,450 4.20% 114 71 -37.70%

Mission Hill 10 12 2 20.00% $231,500 $308,000 $76,500 33.00% 56 70 25.00%

North End 65 74 9 13.80% $375,000 $344,000 ($31,000) -8.30% 73 111 52.10%Roslindale 127 102 -25 -19.70% $263,500 $273,000 $9,500 3.60% 91 74 -18.70%

South Boston 458 478 20 4.40% $345,000 $363,500 $18,500 5.40% 90 85 -5.60%South End 456 502 46 10.10% $545,500 $547,500 $2,000 0.40% 80 81 1.30%

The Fenway 104 98 -6 -5.80% $327,500 $296,000 ($31,500) -9.60% 66 67 1.50%

Waterfront 102 119 17 16.70% $666,000 $732,000 $66,000 9.90% 123 104 -15.40%

West Roxbury 95 68 -27 -28.40% $275,250 $250,000 ($25,250) -9.20% 98 106 8.20%

3283 3276 -7 -0.20% $350,000 $375,000 $25,000 7.10% 89 87

Area

CONDO SALES TRENDS BOSTON NEIGHBORHOODSPrior Period: 1/1/09 - 12/31/09      Current Period: 1/1/10 - 12/31/10

Number of Properties Sold Median Sale Price Days on Market

83%

8%

8%

1% 0%

South Boston Property Sales Mix

2009 - 2010

Condo Single Family

Multi-Family Commercial/Industrial

250

300

350

400

450

Jan

uar

y

Feb

ruar

y

Mar

ch

Ap

ril

May

Jun

e

July

Au

gust

Sep

tem

ber

Oct

ob

er

No

vem

be

r

Dec

emb

er

SB Single Family and Condo Inventory For Sale 2007 - 2010

2007 20082009 2010

The median sale price for a condo in South Boston increased 5.4% in 2010. The number of condos sold in South Boston increased by 4.4% in 2010.

According to MLS condos represented 83% of all

real estate sold in South Boston in 2009 and 2010

Currently there are 235 single family

and condo units listed for

sale in SB which is the lowest it has

been since January 2009.

February 2011 South Boston real estate market overview provided 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 617-320-7219 -- [email protected]

Rentals: Anne Doyle

617-794-2833 -- [email protected]

REMAX 738 East Broadway South Boston, MA 02127

15

25

35

45

55

65

75

85

95

2007 2008 2009 2010

Single Families and Condos Under Agreement by Month Most Buyers buy in the

Spring! In 2010 it was even more so driven by the June

tax credit deadline.

So if most properties go under agreement in April May that means a great

time to list is February and March when buyers start

their search.

Call us today to get started!! Stephen McCarthy

617-320-7219

Tom Shea Loan Originator NMLS # 46464 O (781) 801-1428 C (781) 718-6586 F (781) 719-4242 Email: [email protected] Web: www.polimortgage.com/tomshea

Poli Mortgage Group, Inc. 685 Canton Street Norwood, MA 02062 NMLS #1979 MA Lender and Broker License #MC 1979

For More Information Contact me today at 781-801-1428 or by email at [email protected]

Personalized mortgage program that meets all your financial requirements I will keep you informed throughout the loan process Ask me about a prequalification letter for your mortgage – Know what you can afford before you find your dream home I close loans on time! Poli Mortgage Group, Inc. is a direct lender with in-house processing and underwriting to ensure each and every customer experiences a pleasant and smooth transaction.