stephen mccarthy south boston market update may 2014
DESCRIPTION
Analysis of the first 150 sales closed for 2014 on MLS listed in South Boston and the Seaport.TRANSCRIPT
MAY 2014 MCCARTHY REPORT
BUYING, SELLING OR RENTING PROPERTY IN
SOUTH BOSTON PLEASE CALL ME WHEN YOU ARE
READY TO MAKE THE MOVE!
Stephen McCarthy 617-320-7219
www.sb02127.com
New Listing Asking $579,000
540 East Broadway, Unit 5A
Fifth floor two bedroom two bathroom
home featuring deeded garage parking, in
a very well cared for building with
elevator. Outstanding ocean views from
the homes front balcony and master suite.
Perched high above East Broadway facing
South this home receives excellent
natural light. Call for a tour.
ADDRESS SALE
PRICE
LIVING
AREA
PSF $ PARK-
ING
HIGHEST CONDO SALE 21 Wormwood St #415 $1,649,500 3,009 $548 YES
LOWEST CONDO SALE 1 Telegraph St Unit D $213,500 575 $371 NO
HIGHEST PSF CONDO SALE 346 Congress St Unit 602 1,620,000 1,751 $925 RENTED
DEAL THAT SHAPES THE MAR-
KET - THREE FAM THAT SOLD
NEARLY $200K ABOVE ASKING
716 East Sixth St $1,040,000 3,390 $307 NO
NOTABLE SALES PER MLS SOUTH BOSTON AND SEAPORT JAN 1, 2014 — APRIL 15, 2014
# OF SALES
AVG LIST
PRICE
AVG
LIVING
AREA
AVG
DAYS ON
MKT
AVG SALE
PRICE AVG PSF $
CONDOS 137 571,345$ 1,189 64 565,758$ 484$
MULTI FAM 4 786,750$ 2,765 27.5 830,000$ 307$
SINGLE FAM 9 574,628$ 1,252 61 569,483$ 470$
# OF BEDROOMS # OF SALES
AVG LIST
PRICE
AVG
LIVING
AREA
AVG
DAYS ON
MKT
AVG SALE
PRICE AVG PSF $
STUDIO 3 339,000$ 570 43 328,000$ 566$
ONE BEDROOM 20 449,625$ 836 47 447,525$ 529$
TWO BEDROOM 90 558,122$ 1,141 57 551,921$ 488$
3 BEDROOM 24 751,408$ 1,742 102 745,895$ 421$
NEIGHBORHOOD # OF SALES
AVG LIST
PRICE
AVG
LIVING
AREA
AVG
DAYS ON
MKT
AVG SALE
PRICE AVG PSF $
ANDREW SQUARE 14 477,521$ 1,248 89 466,535$ 394$
BROADWAY STATION 5 785,400$ 1,276 47 761,300$ 593$
EAST SIDE 76 529,139$ 1,128 57 524,105$ 477$
WEST SIDE 31 553,122$ 1,179 76 554,241$ 480$
SEAPORT 11 936,419$ 1,527 45 923,409$ 607$
AVERAGE ASKING PRICE OF $574,628
AVERAGE LIVING AREA OF 1,252 SQUARE FEET
AVERAGE SALE PRICE OF $569,483
OVERALL SELLERS ACHIEVED 99.1% OF ASKING PRICE
AVERAGE $470 PER SQUARE FOOT (PSF)
OF THE 150 CLOSINGS
137 WERE CONDOS 62 WITH PARKING
4 MULTI FAMS 0 WITH PARKING
9 SINGLE FAMS 1 WITH PARKING
PER MLS SINGLE FAM, CONDO AND MULTI FAM CLOSINGS JAN 1, 2014 - APRIL 15, 2014
SALES BY PROPERTY TYPE
CONDO SALES BY BEDROOM COUNT
CONDO SALES BY NEIGHBORHOOD
150 ClOSED SALES LISTED AS SOUTH BOSTON & SEAPORT
137 LISTED AS SOUTH BOSTON
13 LISTED AS SEAPORT
PREPARED BY STEPHEN MCCARTHY
ALL DATA FROM MLS