Beacon Hill Boston Real Estate Market Update 4/30/08  

Data courtesy of LINK-ONLINE
Click here for more stats and charts from LINK

Average $ per square Foot Quarterly

1st Quarter thru 3/31(PRELIM): $721/SF...

2ndQuarter as of 4/30: $739/SF.

Closed Units per Quarter

Closed, 4th Quarter as of 3/31 (prelim): 37 units.

Under agreement, 2nd quarter as of 4/25: 
2008:  27
2007:  20
2006: 20
2005: 21 (MLS-PIN)
 

During the 4th quarter, selling price was about 94.75% of last asking price.
During the 3rd quarter , selling price was about 96.52% of last asking price.
During the 2nd quarter, it was about 95.04%of last asking.
During the 1st quarter, it was about 93.88%.

The average number of days on market for properties sold during the 1st quarter was 113
The average number of days on market for properties sold 4th quarter 2007 was 118
The average number of days on market for properties sold 3rd quarter was 104. 
During the 2nd quarter, it was 89.

Number of units on the market as of 4/30/08: 91

Average days on market for available properties as of 4/30/08: 124.

Under Agreement Rate thru 4/15/08: (MLS-PIN)

How much of the available inventory goes under agreement each month?

4th quarter (FINAL): $569,500.
1st quarter as of 3/26: $397,500. The average sale price is $784,691....

Average $ per Square Foot Yearly

The actual figures for each unit sold in 2007  range from about $422/SF to about $1483/SF for a  3707 SF 4 bed/3 bath unit unit at 88 Beacon Street sold for $5.5m.

It is important to remember that average $ per SF is really just an index. Value varies greatly according to location, condition, configuration, location in building, parking, condo association factors, etc.