Boston, Back Bay, Condominium housing report Nov 2011

Boston, Back Bay, Condominium housing report Nov 2011.  With 226 Condos in the market this month we see that that Days on Market is going up, the average price going up, the average sale price coming down and this is all normal for this time of year.  Seasonally affected sales traditionally go down in November, but will rise a bit in December as people will rush to get in under the tax year.  You can bet the sellers are willing to offer appropriate concessions if buyers are reasonable.  There has been a bit too much unreasonableness out there this year.  While we are in a buyers market it is not a pirate’s market.  You will not be able to steal anything unless it is in horrible condition and it is a For Sale By Owner.

Boston Back Bay Condo for Sale

Condominium Active Listings: 162    Avg. Liv.Area SqFt: 1,617.01     Avg. List$: $1,751,410    Avg. List$/SqFt: $944     Avg. DOM: 168.65   

Condominium Under Agreement Listings: 20    Avg. Liv.Area SqFt: 1,119.95     Avg. List$: $958,090    Avg. List$/SqFt: $794     Avg. DOM: 147.45   

Condominium Sold Listings: 26    Avg. Liv.Area SqFt: 1,249.00     Avg. List$: $1,057,023    Avg. List$/SqFt: $833     Avg. DOM: 152.04    Avg. Sale$: $987,577   Avg. Sale$/SqFt: $788

The List Price to Sale Price also dropped this month.  93.4% is not a bad number, but it is certainly not the kind of numbers I have gotten for my clients.  Staging your home for sale and having great Internet marketing is key to getting your home under agreement faster and for more money.  If you are experiencing a sluggishness please give me a call for a free analysis with no obligation.

Boston Back Bay Condo for Sale

Condominium Expired Listings: 9    Avg. Liv.Area SqFt: 1,077.89     Avg. List$: $656,878    Avg. List$/SqFt: $667     Avg. DOM: 158.00   

Condominium Canceled Listings: 9    Avg. Liv.Area SqFt: 1,043.67     Avg. List$: $776,100    Avg. List$/SqFt: $686     Avg. DOM: 255.22   

Looks like those with cancelled listing held on a bit too long.  If you have a cancelled listing this month you have probably already received a note from me offering my condolences and a free analysis with no obligations.  972-322-7776