More condo sales data, 2004-2007
Here is more sales data for 04/01 - 07/01, for the four years, 2004 - 2007.
Whereas the other data (below) covers just the downtown Boston real estate market, this data includes all reported sales in ALL Boston neighborhoods, but only includes one-bedroom units.
(The reason I only did the three months from 04/01 - 07/01 is that the data is from LINK and they truncate the results if there are more than 600 sales … which there were, during the entire year, each year.)
2007, 308 units, average $402,588, median $380,000, $565/SF, 73 average days on market
2006, 349 units, average $407,570, median $396,000, $585/SF, 62 average days on market
2005, 416 units, average $403,347, median $388,000, $586/SF, 52 average days on market
2004, 421 units, average $377,020, median $359,000, $534/SF, 62 average days on market
As you can see, there has been a big drop in volume (25%). This, as much as anything, is probably due to two things: lack of new development closings, and the exit in the market of first-time homebuyers, this year, due to market uncertainty. (For example, 2005 & 2006 had a lot of closings at 15 North Beacon, which raised the #s, that spring.)
Source: Listing Information Network, Inc.
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