sellingyourbostoncondo

Sales Activity and Inventory in Bostons Downtown Residential Real Estate Market

The chart above illustrates a comparison between the number of core downtown Boston condos and homes going under agreement from June 15-July 15 to the number available at the end of that period (July 15).

For the purposes of this comparison, core downtown neighborhoods are defined as Back Bay, Beacon Hill, South End, Midtown/Downtown, Seaport, Waterfront, Leather District, Charlestown, South Boston, Fenway, West End, Bay Village, and Chinatown.

Sales activity in the downtown Boston real estate market in that time frame is up by 12.02% from last year at that time.

Up until about 4 weeks ago condo and home listings were also outpacing last year, however they've been decreasing and are now down by 25.05% from last year at this time. Still, we have about 2.17 months of inventory. Despite the increased sales activity, pricing should still be on the conservative side, marketing has to be top-notch, and the property should show as well as it possibly can.

If you or someone you know has questions about selling a Boston home or condo, please feel free to call me at 617-584-9790, or send me an email at joe.wolvek@gibsonsir.com.

 

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    Supply and Demand in Downtown Bostons Residential Real Estate Market

    Lets look at the number of downtown Boston condos/homes going under agreement from March 1-31 in comparison to the number available at the end of that period (March 31). The chart above illustrates that comparison.

    For the purposes of this comparison, core downtown neighborhoods as defined as Back Bay, Beacon Hill, South End, Midtown/Downtown, Seaport, Waterfront, Leather District, Charlestown, South Boston, Fenway, West End, Bay Village, and Chinatown.

    The first thing you see is that sales activity in the downtown Boston real estate market is outpacing last year, and outperforming all years since 2016.

    The number of listings in downtown Boston, however, is up by 39.74% over this time last year. What does that mean? It means that despite an increase in activity, pricing should be on the conservative side, marketing has to be top-notch, and the property has to show as well as it possibly can.

    The biggest driver of salability seems to be location, which is no big surprise. In general, the well-located properties are still going quickly.

    If you or someone you know has questions about selling a Boston home or condo, please feel free to call me at 617-584-9790, or send me an email at joe.wolvek@gibsonsir.com.


      Comments

      1. No comments. Be the first to comment.

      Supply and Demand in Downtown Boston's Residential Real Estate Market

      downtown-supply

      Let’s look at the number of downtown Boston condos/homes going under agreement from March 1-31 in comparison to the number available at the end of that period (March 31). The chart above illustrates that comparison.

      For the purposes of this comparison, core downtown neighborhoods as defined as Back Bay, Beacon Hill, South End, Midtown/Downtown, Seaport, Waterfront, Leather District, Charlestown, South Boston, Fenway, West End, Bay Village, and Chinatown.

      The first thing you see is that sales activity in the downtown Boston real estate market is outpacing last year, and outperforming all years since 2016.

      The number of listings in downtown Boston, however, is up by 39.74% over this time last year. What does that mean? It means that despite an increase in activity, pricing should be on the conservative side, marketing has to be top-notch, and the property has to show as well as it possibly can.

      The biggest driver of salability seems to be location, which is no big surprise. In general, the well-located properties are still going quickly.

      If you or someone you know has questions about selling a Boston home or condo, please feel free to call me at 617-584-9790, or send me an email at joe.wolvek@gibsonsir.com.

        Comments

        1. No comments. Be the first to comment.

        Supply and Demand in Downtown Boston's Residential Real Estate Market

        downtown-supply

        Let’s look at the number of downtown Boston condos/homes going under agreement from April 15-May 15 in comparison to the number available at the end of that period (May 15). The chart above illustrates that comparison.

        For the purposes of this comparison, core downtown neighborhoods are defined as Back Bay, Beacon Hill, South End, Midtown/Downtown, Seaport, Waterfront, Leather District, Charlestown, South Boston, Fenway, West End, Bay Village, and Chinatown.

        The first thing you see is that sales activity in the downtown Boston real estate market is outpacing last year by more than double, as well as outperforming all years since 2016.

        The number of listings, however, is up by 38.92% over this time last year. This tells me that despite the increased activity, pricing should still be on the conservative side, marketing has to be top-notch, and the property has to show as well as it possibly can.

        If you or someone you know has questions about selling a Boston home or condo, please feel free to call me at 617-584-9790, or send me an email at joe.wolvek@gibsonsir.com.

          Comments

          1. No comments. Be the first to comment.

          Sales Activity and Inventory in Boston's Downtown Residential Real Estate Market

          downtown-supply

          The chart above illustrates a comparison between the number of core downtown Boston condos and homes going under agreement from June 15-July 15 to the number available at the end of that period (July 15).

          For the purposes of this comparison, core downtown neighborhoods are defined as Back Bay, Beacon Hill, South End, Midtown/Downtown, Seaport, Waterfront, Leather District, Charlestown, South Boston, Fenway, West End, Bay Village, and Chinatown.

          Sales activity in the downtown Boston real estate market in that time frame is up by 12.02% from last year at that time.

          Up until about 4 weeks ago condo and home listings were also outpacing last year, however they've been decreasing and are now down by 25.05% from last year at this time. Still, we have about 2.17 months of inventory. Despite the increased sales activity, pricing should still be on the conservative side, marketing has to be top-notch, and the property should show as well as it possibly can.

          If you or someone you know has questions about selling a Boston home or condo, please feel free to call me at 617-584-9790, or send me an email at joe.wolvek@gibsonsir.com.

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