Boston Condos Number of Sales and Sales Prices
First Half – 2000 to 2010
The above graph illustrates how Boston Condos sales go against the grain and stay priced strong even if demand slows down. These stats were comprised using Back Bay, Beacon Hill, South End and Fenway. Notice 2009 where there were only 214 units sold without a lowering of prices.
My opinion is that it would take several years like 2009 for the lack of demand to negatively impact prices to the downside in any significant way.
So my advice without the crystal ball has to be:
If you are waiting for lower prices for Boston Condos, I wish you patience.
Here are the statistics
2010 First half Boston condos sales prices
The average Boston condo sales price – $592,168
377 Sold, average price per square foot: $629
2009 First half Boston condos sales prices
The average Boston condo sales price – $591,289
214 Sold, average price per square foot: $627
2008 First half Boston condos sales prices
The average Boston condo sales price – $592,108
378 Sold, average price per square foot: $492
2007 First half Boston condos sales prices
The average Boston condo sales price – $593,875
368 Sold, average price per square foot: $610
2006 First half Boston condos sales prices
The average Boston condo sales price – $579,413
314 Sold, average list price per square foot: $609
2005 First half Boston condos sales prices
The average Boston condo sales price – $577,597
345 Sold, average price per square foot: $598
2004 First half Boston condos sales prices
The average Boston condo sales price – $573,830
245 Sold, average price per square foot: $545
2003 First half Boston condos sales prices
The average Boston condo sales price – $557,354
156 Sold, average price per square foot: $523
2002 First half Boston condos sales prices
The average Boston condo sales price – $572,042
114 Sold, average price per square foot: $529
2001 First half Boston condos sales prices
The average Boston condo sales price – $555,120
54 Sold, average price per square foot: $493
2000 First half Boston condos sales prices
The average Boston condo sales price – $556,631
35 Sold, average price per square foot: $436
For the sake of manageable numbers I used: Property Type(s): CC , Status: UAG, SLD , Timeframe: 1/1/00 – 7/1/00 Price: Between $400,000 and $900,000, Towns: Boston:Back Bay, MA; Boston:Beacon Hill, MA; Boston:South End, MA; Boston:The Fenway, MA
Written By RE/MAX Destiny Accredited Buyers Agent Jeff Persons
More articles by Jeff:
Dont Just Investigate Your Boston Condo, Investigate The Management Company Too
The Boston Real Estate Market Has NOT Experienced a Recession
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It Doesn’t Surprise Me That Boston Real Estate Prices Are Holding firm
The Best Time to Buy Boston Real Estate in 2010
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Boston Condos Prices Stay Expensive Despite Lower Demand
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