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.
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: $788
The List Price to Sale Price also dropped this month. 93.4% is not a bad number, but it is certainly not the kind of numbers I have gotten for my clients. Staging your home for sale and having great Internet marketing is key to getting your home under agreement faster and for more money. If you are experiencing a sluggishness please give me a call for a free analysis with no obligation.
Condominium Expired Listings: 9 Avg. Liv.Area SqFt: 1,077.89 Avg. List$: $656,878 Avg. List$/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
Address: 285 Beacon Street - Unit 3A
City: Boston, Back Bay
Square Feet: 1432
Basement (full, 1/2, finished, unfinished):