Monday, June 13th, 2011
Check out this market snapshot of the Back Bay for today compared to the same day last year which is a great way to view the health of the Boston Real Estate market health. You will notice a large drop in the amount of Back Bay luxury Real Estate that is currently on the market. The amount of homes that are priced $1.5m or more in the Back Bay of Boston have decreased while homes in the lower priced segment has strengthened with more sales and inventory in the Boston Real Estate Market. Another fun statistic is looking at the total market volume statistic which has decresased by nearly $100 million!
Click Here to View All Back Bay Homes For Sale up to $1m
Click Here to View All Back Bay Homes For Sale up to $1+m
Give Jeffrey Chubb, owner of RE/MAX Select a call at 617-480-2600 or visit him on the web at www.MoveWithChubb.com if you are thinking about buying or selling a home in the Back Bay or the Boston Metro Market.
| |
6/13/2010 |
|
6/13/2011 |
| Price Range |
Number of
Listings |
Avg. Days
on Market |
vs. today |
Number of
Listings |
Avg. Days
on Market |
| Under $50,000 |
- |
- |
|
- |
- |
| $50,000 – $99,999 |
1 |
244 |
|
2 |
100 |
| $100,000 – $149,999 |
1 |
26 |
|
- |
- |
| $150,000 – $199,999 |
1 |
152 |
|
2 |
43 |
| $200,000 – $249,999 |
2 |
64 |
|
4 |
105 |
| $250,000 – $299,999 |
4 |
42 |
|
8 |
136 |
| $300,000 – $349,999 |
16 |
99 |
|
13 |
109 |
| $350,000 – $399,999 |
17 |
110 |
|
21 |
111 |
| $400,000 – $449,999 |
18 |
79 |
|
7 |
157 |
| $450,000 – $499,999 |
21 |
105 |
|
18 |
113 |
| $500,000 – $599,999 |
20 |
112 |
|
20 |
57 |
| $600,000 – $699,999 |
34 |
137 |
|
17 |
167 |
| $700,000 – $799,999 |
17 |
116 |
|
18 |
118 |
| $800,000 – $899,999 |
17 |
141 |
|
20 |
126 |
| $900,000 – $999,999 |
16 |
88 |
|
11 |
117 |
| $1,000,000 – $1,499,999 |
40 |
134 |
|
41 |
115 |
| $1,500,000 – $1,999,999 |
44 |
142 |
|
23 |
210 |
| $2,000,000 – $2,499,999 |
27 |
165 |
|
9 |
111 |
| $2,500,000 – $2,999,999 |
9 |
157 |
|
8 |
176 |
| $3,000,000 – $3,999,999 |
10 |
168 |
|
12 |
192 |
| $4,000,000 – $4,999,999 |
11 |
280 |
|
8 |
423 |
| $5,000,000 – $9,999,999 |
5 |
294 |
|
11 |
169 |
| Over $10,000,000 |
1 |
262 |
|
- |
- |
| Total Properties |
332 |
Avg. 134 |
|
273 |
Avg. 140 |
| Lowest Price: |
$85,000 |
| Median Price: |
$899,000 |
| Highest Price: |
$13,700,000 |
| Average Price: |
$1,375,324 |
| Total Market Volume: |
$456,607,721 |
|
| Lowest Price: |
$77,500 |
| Median Price: |
$850,000 |
| Highest Price: |
$7,950,000 |
| Average Price: |
$1,355,085 |
| Total Market Volume: |
$369,938,234 |
|
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Posted in Real Estate | 1 Comment »
Friday, June 3rd, 2011
The Back Bay Real Estate Market is like the little engine it could. They missed the memo that there are areas in this country that are in a housing recession… Let’s take a look under the hood!
Currently there are 268 condos for sale in the Back Bay of Boston for an average asking price of $1.419m with an average market time of 139 days. This is a major change from last years 322 condos Back Bay condos on the market from last year.
The great news is that while the inventory has decreased, the market activity has stayed the same as we saw 33 homes sell in May of 2011 which was identical to May of last year. The average sales price was $1.021m which was 92.40% of the sellers asking price. We currently have 9.18 months of inventory on the market which is an improvement from last years 10.97 months worth of inventory on the market.
Click Here to View All the Homes For Sale in the Back Bay
If you are thinking about buying or selling a home in the Back Bay, 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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Posted in Real Estate | No Comments »
Avg. Sales Price: 379,000
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