March 2013 south boston market update by stephen mc carthy
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South Boston Market Update by Stephen McCarthy at REMAX Realty Plus - A monthly look at what is happen in the South Boston, MA real estate market.
Transcript of March 2013 south boston market update by stephen mc carthy
This chart depicts the num-
ber of South Boston condos
and single families listed for
sale on MLS by month.
Seller’s are starting to list
for Spring but Buyer’s are
acting quickly keeping
inventory low.
If this is going to be your
year to sell I am ready to
help make it happen.
MARCH 2013 MCCARTHY REPORT
BUYING, SELLING OR RENTING PROPERTY
IN SOUTH BOSTON PLEASE CALL ME WHEN
YOU ARE READY TO MAKE THE MOVE!
Stephen McCarthy 617-320-7219
www.sb02127.com
New Listing — 4 Webb Park #1
East Side Gem 2 Bedroom
1 Bath condo featuring gas heat,
central AC, hardwood floors,
spacious rooms, excellent closets
and extra storage in the basement.
Asking $365,000
Pictures and floor plans online at
www.sb02127.com
# Listings DOM # Listings DOM Sales/MonthMonths of
Inventory# Listings DOM # Listings DOM Sales/Month
Months of
Inventory
Back Bay 198 199 91 116 30 6.6 81 102 89 69 29.7 2.7
Beacon Hill 46 178 27 103 8.9 5.2 27 74 39 89 13 2.1
Charlestown 97 133 37 92 12.2 8 34 18 40 60 13.3 2.6
South Boston 175 124 94 91 31 5.6 73 33 81 52 27 2.7South End 128 118 86 88 28.4 4.5 63 64 92 48 30.7 2.1
644 150.4 335 98 22.1 5.98 278 58.2 341 63.6 22.74 2.44
Prior Current Unit % Prior Current Price % Prior Current %
Period Period Change Change Period Period Change Change Period Period Change
Back Bay 93 84 -9 -9.7% $859,000 $899,000 $40,000 4.7% 109 66 -39.4%
Beacon Hill 39 26 -13 -33.3% $580,000 $724,000 $144,000 24.8% 93 95 2.2%
Charlestown 31 39 8 25.8% $459,000 $473,375 $14,375 3.1% 80 51 -36.3%
South Boston 106 86 -20 -18.9% $391,500 $449,000 $57,500 14.7% 91 44 -51.6%South End 100 98 -2 -2.0% $582,000 $595,000 $13,000 2.2% 97 41 -57.7%
369 333 -7.2 -7.6% $574,300 $628,075 $53,775 9.9% 94 59.4 -36.6%
Prior Current Unit % Prior Current Price % Prior Current %
Period Period Change Change Period Period Change Change Period Period Change
Back Bay 91 89 -2 -2.2% $782,500 $980,000 $197,500 25.2% 116 69 -40.5%
Beacon Hill 27 39 12 44.4% $637,000 $688,000 $51,000 8.0% 103 89 -13.6%
Charlestown 37 40 3 8.1% $469,200 $499,000 $29,800 6.4% 92 60 -34.8%
South Boston 94 81 -13 -13.8% $380,000 $430,500 $50,500 13.3% 91 52 -42.9%South End 86 92 6 7.0% $512,500 $644,000 $131,500 25.7% 88 48 -45.5%
335 341 1.2 8.7% $556,240 $648,300 $92,060 15.7% 98 63.6 -35.5%
Inventory Data
Area
SALES TRENDS
Inventory Trends
Prior Period: 12/1/11 - 3/1/12 Current Period: 12/1/12 - 3/1/13
Median Asking Price Days on Market
Area
UNDER AGREEMENT TRENDS
Area
Prior Period: 12/1/11 - 3/1/12 Current Period: 12/1/12 - 3/1/13
Active Listings Sold Listings Inventory Data Active Listings Sold Listings
Number of Properties Sold
Number of Properties U/A
Prior Period: 12/1/11 - 3/1/12 Current Period: 12/1/12 - 3/1/13
Median Sale Price Days on Market
SOUTH BOSTON CONDOS ARE SELLING FASTER FOR MORE MONEY!!!
SOUTH BOSTON CONDO MEDIAN SALE PRICE IS UP 13% SOUTH BOSTON CONDO DAYS ON MARKET IS DOWN 42.9%!!!!!
