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Average $ per Square Foot Yearly
Average $/SF for 2009:
$422/SF
Top $/SF 2009:
$618/SF at Macallen Building 605, a 655 SF loft that
sold for $405,000
Atelier 505 was the top $/SF building in the South
End, with 10 sales averaging about $976/SF.
High $/SF for 2009:
485 Harrison #601, a
4584 SF 3+ bed/3 ba penthouse with private roofdeck
for $3.725m
Highest price sale 2009:
$2.15m at 25 Channel Center #1003, a 3610 sf
3+bedroom/4 bath unit. Custom designed, balcony,
views.
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
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Condominiums Sold
per Year
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Average $ per square Foot Quarterly
4th quarter thru 12/31 (final): $446/SF
1st
quarter (thru 2/13): $493/SF
The price per
square foot in this area is going to ride partially
upon what kind of units are available, and any
building rehab or construction that is occurring.
In the 3rd quarter of 2008, for example, the first
closings at Allele and FP3 occurred. This is an area
in development.
There are hundreds more units, stores, and
restaurants on the drawing board that will be
marketed and completed within the next 3-5 years in
the Seaport proper..
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Closed Units per Quarter
Closed 4th quarter (final): 27.
That includes 13 units at FP3
Highest price sale 2009:
$2.15m at 25 Channel Center #1003, a 3610 sf
3+bedroom/4 bath unit. Custom designed, balcony,
views.
Highest $ per SF sale 2009:
$618/SF at Macallen Building 605, a 655 SF loft that
sold for $405,000
For the 4th quarter 2009, selling price was an average of
92.3% of asking
For the 3rd quarter 2009, selling price was an average
of 97.11% of asking
For the 2nd quarter 2009, selling price was an average of
94.27% of asking
For the 1st quarter 2009, selling price was an average of
93.6% of asking
For the 4th quarter, selling price was an average of
97.8% of asking
For the 3rd quarter, selling price was an average of
94.98% of asking
For the 2nd quarter, selling price was an average of
96.50% of asking
For the 1st quarter 2008, selling price was an average of
91.33% of asking.
For the
4th quarter 2007, selling price was an average of
93.67% of asking.
Approx. average days on market units closed during
the 4th quarter 2009 was 165.
Obviously, this included preconstruction marketing
time at FP3
Approx. average days on market units closed during
the 3rd quarter 2009 was 136.
Approx. average days on market units closed during
the 2nd quarter 2009 was 345.
This includes some protracted pre-construction
marketing periods.
Approx. average days on market units closed during
the 1st quarter 2009 was 88
Approx. average days on market units closed during
the 4th quarter was 85.
Approx. average days on market units closed during
the 3rd quarter was 95.
Approx. average days on market units closed during
the 2nd quarter was 133.
Approx. average days on market units closed during
the 1st quarter 2008 was 194, includes preconstruction
periods.
Approx. average days on market units closed during
the 4th quarter was 39.
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Median Selling Price
4th quarter thru 12/31 (final): $419,000
1st quarter closed (thru 2/13): $515,000
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Number of Available Condominiums
The number of available
condos as of 2/13/10: 30. This includes
units currently listed in LINK at the Macallen
Building, Court Square Press, Allele, and 36 A
Street, which are, in my humble opinion, really in
South Boston. There are also many more units available
at FP3 on Congress Street, than are currently listed
in the MLS and LINK.
Average days on market for available units as of
2/13/10: 195.
This includes pre construction marketing time for
the units listed at Allele
and FP3 etc.. This number would go up considerably if all the
available units were actually listed.
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Average $ per Square Foot Yearly
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
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