Boston High End Condo Analysis

Subject Properties and Amenities

Development# of Sale(6 months)

LEED Certified Valet Pkg

24 Hour Concierge Spa

Fitness Center Pool/Rooftop Clubroom

Restaurant Services

Hotel Services

The Clarendon 23 X X X X X X

45 Province 3 X X X X X X X

The W 11 X X X X X X

Battery Wharf 6 X X X X X X

Intercontinental 8 X X X X X

The Ritz 5 X X X X X X X

Development Address NeighborhoodYear Built

# of Sales (1 year)

Avg Sold Price

AvgSold SF

AvgSold $/SF

Assoc Fee $/SF

1st Sale Date

The Clarendon 400 Stuart Street Back Bay 2008 23 $1,583,630 1401 $1,069 $1.05 12/15/09

45 Province 45 Province St Financial District 2009 16 $1,436,515 n/a n/a $1.03 5/26/09

The W 100 Stuart St Theatre/Midtown 2009 11 $717,611 828 $834 $1.17 12/21/09

Battery Wharf 2-5 Battery Wharf Waterfront 2008 10 $1,482,795 1564 $948 $1.16 8/3/09

Intercontinental 500 Atlantic Ave Waterfront 2006 11 $1,531,955 1656 $925 $1.47 n/a

The Ritz 1 Avery St Midtown 2001 5 $1,653,200 1820 $901 $1.19 n/a

76 $1,400,951 1454 $935 $1.18

Summary (1 year)

Summary (Past 6 months)

Development # of Sales Avg. Sold Price Avg. Sold SF Avg. Sold $/SF

The Clarendon 23 $1,585,630 1401 $1,069

45 Province 3 $854,333 1615 $743

The W 11 $717,611 828 $834

Battery Wharf 6 $1,470,833 1526 $957

Intercontinental 8 $1,502,438 1634 $888

The Ritz 5 $1,653,200 1820 $901

56 $1,297,341 1471 $899

Sale Price Sold Last 6 months Average Sale Price Average Sold $/SF

<500k 6 $378,357 $771

500k-600k 0 n/a n/a

600k-700k 1 $641,000 $854

700k-800k 8 $752,625 $914

800k-900k 4 $848,333 $810

900k-1M 2 $934,000 $774

1M-1.1M 8 $1,064,103 $853

1.1M-1.2M 0 n/a n/a

1.2M-1.3M 3 $1,215,000 $920

1.3M-1.4M 0 n/a n/a

1.4M-1.5M 1 $1,490,000 $917

1.5M-2M 13 $1,735,179 $1,064

2M+ 10 $2,973,125 $1,221

All Prices 56 $1,357,799 $960

Stratified Sold Price Summary (Past 6 months)

roughly

The Clarendon (Past 6 months)

Unit # Floor Sold Price SF Sold $/SF

15B 15 $1,500,000 1229 $1,221

15F 15 $716,000 765 $936

16F 16 $721,000 765 $942

17G 17 $720,000 711 $1,013

18F 18 $700,000 765 $915

16D 16 $1,060,000 1180 $898

18E 18 $1,075,000 1561 $689

18D 18 $1,060,000 1150 $922

16C 16 $1,220,000 1213 $1,006

17C 17 $1,225,000 1213 $1,010

20D 20 $1,765,000 1439 $1,227

15K 15 $780,000 850 $918

20B 20 $1,635,000 1371 $1,193

19A 19 $2,000,000 1782 $1,122

24D 24 $1,612,500 1525 $1,057

18B 18 $1,525,000 1229 $1,241

19C 19 $900,000 1116 $806

23C 23 $1,090,000 1134 $961

26A 26 $3,950,000 2428 $1,627

24E 24 $2,600,000 1957 $1,329

19D 19 $4,750,000 3506 $1,355

19B 19 $1,065,000 1372 $776

28E 28 $2,800,000 1958 $1,430

23 $1,585,630 1401 $1,069

17 Sales in 2010 YTD

45 Province (Past 6 months)

Unit # Floor Sold Price SF Sold $/SF

901 9 $1,200,000 1615 $743

1403 14 $931,000

1207 12 $432,000

3 $854,333 1615 $743

Only 3 sales in the last six months, but 13 sales in the previous six month period.

The W Residences (Past 6 months)

Unit # Floor Sold Price SF Sold $/SF

17I 17 $355,000 507 $700

18H 18 $805,000 1040 $774

17D 17 $710,000 856 $829

19F 19 $750,000 857 $875

18D 18 $400,000 427 $937

18I 18 $370,000 512 $723

19I 19 $410,000 512 $801

19H 19 $850,000 1040 $817

16I 16 $345,000 518 $666

22C/D 22 $1,825,000 1794 $1,017

27H 27 $1,073,720 1040 $1,032

11 $717,611 828 $834

**7 units listed under agreement

Battery Wharf (Past 6 months)

Unit # Floor Sold Price SF Sold $/SF

4402 4 $925,000 1535 $603

3403 3 $1,545,000 1625 $951

3603 3 $2,085,000 1814 $1,149

3606 3 $1,800,000 1487 $1,210

3401 3 $980,000 1072 $914

4403 4 $1,490,000 1624 $917

6 $1,470,833 1526 $957

The Intercontinental (Past 6 months)

Unit # Floor Sold Price SF Sold $/SF

20J 20 $3,200,000 2913 $1,099

14T 14 $336,500 421 $799

18N 18 $2,300,000 2736 $841

16R 16 $708,000 800 $885

19B 19 $1,560,000 1593 $979

21D 21 $2,000,000 2061 $970

21C 21 $890,000 1060 $840

16J 16 $1,025,000 1484 $691

8 $1,502,438 1634 $888

The Ritz (Past 6 months)

Unit # Floor Sold Price SF Sold $/SF

23D 23 $1,800,000 2036 $884

31D 31 $1,825,000 2036 $896

33D 33 $1,900,000 2036 $933

18C 18 $641,000 751 $854

26A 26 $2,100,000 2242 $937

5 $1,653,200 1820 $901

Data and Images provided by MLS (April 2, 2010)