stephen mccarthy south boston market update may 2014

2

Click here to load reader

Upload: stephen-mccarthy

Post on 12-May-2015

819 views

Category:

Real Estate


1 download

DESCRIPTION

Analysis of the first 150 sales closed for 2014 on MLS listed in South Boston and the Seaport.

TRANSCRIPT

Page 1: Stephen McCarthy South Boston Market Update May 2014

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

[email protected]

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

Page 2: Stephen McCarthy South Boston Market Update May 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