South Boston currently has 267 condos for sale at the end of May 2011 with an average list price of $416,717 and an average market time of 87 days. Last year we had 206 homes for sale with an average asking price of $409,523. The increase in asking price is a positive, but the increase in inventory is a negative that will put downward pressure on home prices.
In May of 2011 we had 36 condos sell for an average sales price of $405,051 which was 96.76% of seller’s asking prices. This is a decrease in the number of condos sold, but increase in the sales price when compared to last year’s numbers of 49 units sold and an average sales price of $341,419. There are currently 10.14 months of inventory on the market compared to last years 6.03 months of inventory. There is a lot of development going on in Southie right now with a lot of opportunity.
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There are currently 27 Single Families for sale for an average list price of $541,959 and a market time of 105 days on the market. We saw 3 Single Family Homes sell for an average price of $375,100 which was 97.60%. Last year we had 6 homes sell for an average sales price of $450,667. There is currently 9.53 months worth of inventory on the market which is an increase from last years 6.6 months.
Click Here to View All South Boston Single Family Homes For Sale
If you are thinking about buying or selling a home in South Boston, then give Jeffrey Chubb of RE/MAX Select a call at 617-480-2600 or visit him on the web at www.MoveWithChubb.com. His expertise is second to none as he is one of the top agents in the state and sells on average a home a week. You won’t be disappointed!
Wondering what your home is worth, then get a Certified Market Analysis dropped into your INBOX today by visiting www.MAPropertyValue.com.
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Avg. Sales Price: 379,000
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