Sb market update may 2013 by stephen mc carthy

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South Boston Real Estate Market update for May 2013. Written by Stephen McCarthy, REMAX.

Transcript of Sb market update may 2013 by stephen mc carthy

SELLING THIS SPRING?????

CALL TODAY FOR A CONFIDENTIAL & NO OBLIGATION CONSULTATION

REGARDING YOUR MOST VALUABLE INVESTMENT.

Stephen McCarthy —- REMAX Realty Plus

617-320-7219 —- stephenmccarthy@live.com

REMAX REALTY PLUS

SOUTH BOSTON’S REMAX

LOCATED ON EAST BROADWAY NEXT TO

THE BEER GARDEN.

Stephen McCarthy 617-320-7219

stephenmccarthy@live.com

www.sb02127.com

453532

414361 341

2009 2010 2011 2012 2013

NEW LISTINGS JAN - APRIL

NEW LISTINGS

1st QUARTER NEW LISTING ACTIVITY WAS DOWN 5% BUT DAYS ON MARKET WAS DOWN 60%.

THE SOUTH BOSTON REAL ESTATE MARKET IS MOVING FAST!!!!!!!!!

THIS YEAR MY LISTINGS HAVE SOLD FOR 99% OF THE ASKING PRICE

AND HAVE AVERAGED ONLY 17 DAYS ON MARKET.

121

102114

74

29

2009 2010 2011 2012 2013

DAYS ON MARKET JAN - APRIL

DAYS ON MKT

LIST PRICE UNIT

LIVING

AREA

SALE

DATE DOM MLS # SALE PRICE

PSF

PRICE

% OF

LIST

PRICE

439,000$ 819 East Sixth St 1 1,074 1/31 59 71455968 418,000$ 389$ 95%

439,000$ 4 Mercer St 4 1,416 3/25 117 71451275 432,500$ 305$ 99%

449,000$ 29 Vinton Street 7 1,209 1/4 28 71454038 432,500$ 358$ 96%

439,000$ 563 E 7Th St 1 1,082 2/5 61 71430861 433,000$ 400$ 99%

439,000$ 29 Vinton 2 1,190 4/12 4 71477925 439,000$ 369$ 100%

439,000$ 18 Knowlton St 5 1,043 4/4 0 71483531 439,000$ 421$ 100%

439,000$ 10 Mohawk St 2 1,542 4/23 53 71487953 442,500$ 287$ 101%

499,000$ 141 West Second 105 1,300 2/20 394 71065540 450,000$ 346$ 90%

499,000$ 345 W Broadway 4 1,005 4/1 22 71468045 500,000$ 498$ 100%

509,900$ 208 Bolton St 13 1,277 4/25 12 71490376 508,350$ 398$ 100%

529,000$ 399 W Broadway 4 1,260 4/30 24 71489711 509,000$ 404$ 96%

535,000$ 276 Bowen 3 1,080 2/4 14 71458201 520,000$ 481$ 97%

519,000$ 120 West 7th St 302 1,621 4/29 43 71486781 520,000$ 321$ 100%

539,000$ 248 West Fifth 2 1,269 3/4 51 71459119 525,000$ 414$ 97%

548,900$ 352 K St. 2 1,200 2/15 83 71451331 537,000$ 448$ 98%

549,000$ 203 K Street 1 1,404 1/31 42 71457230 537,500$ 383$ 98%

574,000$ 557 E 4Th St 3 1,500 1/31 49 71453164 541,125$ 361$ 94%

559,000$ 718 East 8th St. 1 1,250 4/29 1 71486140 550,000$ 440$ 98%

599,500$ 129 D 1 1,298 4/17 18 71482142 575,000$ 443$ 96%

579,000$ 104 I St A 1,310 3/1 13 71482334 579,000$ 442$ 100%

599,000$ 129 D St 2 1,430 1/15 49 71437188 587,000$ 410$ 98%

599,000$ 9 W Broadway 306 1,129 3/1 17 71464814 587,500$ 520$ 98%

629,000$ 129 D St 3 1,440 1/15 33 71437199 599,000$ 416$ 95%

599,000$ 9 Broadway 201 1,130 3/29 40 71480920 599,000$ 530$ 100%

655,000$ 606 East 4th St 11 1,196 1/4 73 71422823 630,000$ 527$ 96%

649,000$ 36 A St 2-C 1,370 3/29 54 71323525 630,400$ 460$ 97%

669,000$ 9 Broadway 303 1,288 3/29 27 71480411 680,000$ 528$ 102%

865,000$ 141 Dorchester Ave 317 1,544 3/29 56 71470005 845,000$ 547$ 98%

549,511$ 1,281 51 537,371$ 423$ 98%

Units % Units Sales %

122 80.30% 77.9%

14 9.20% 9.6%

11 7.20% 9.9%

5 3.30% 2.5%

152 100% 100%

SOUTH BOSTON PROPERTY SALES MIX JAN - APRIL 2013

$69,180,575

Property Type

Single Family

Multi-Family

Commercial/Industrial

Condo $53,922,275

$6,623,000

$6,872,500

$1,762,800

ADRESS

AVERAGES

SOUTH BOSTON 2 BEDROOM 2 BATH CONDO SALES WITH ONE PARKING SPACE JAN - APRIL 2013