Here is the data for 2007 and 2008, from MLSPIN for sales reported during the first quarter, the past two years. I haven’t analyzed it yet, but what I expect to see is that there were fewer “high-end” properties sold in 2008 vs. 2007, partially reflected in the “average sales price” for first quarter in Boston’s Beacon Hill neighborhood.
What I didn’t mention in my prior post is that, yes, it is definitely not a sign of strength that owners of more expensive properties are not listing their homes for sale. I don’t mean to suggest otherwise. It’s just a fact, they are sitting back and waiting this out. No doubt twirling their pearls as they do.
2008
STREET, ORIGINAL $, LIST $, SALE $, SQUARE FEET, $ PER SQFT, # BEDROOMS, # FULL BATHS, # HALF BATHS, DOM
Joy St,220000,195000,185000,234,790,6,0,1,0,124,,
Revere St.,249000,245000,237500,346,686.42,1,1,0,11,,
Grove St,265000,260000,244000,390,625.64,1,1,0,207,,
Mt. Vernon,269000,269000,255000,324,787.04,0,1,0,16,,
Myrtle Street,280000,280000,272000,380,715.79,1,1,0,57,,
Pinckney,325000,325000,303000,443,683.97,0,1,0,41,,
Garden Street,329000,329000,318000,448,709.82,1,1,0,19,,
Pinckney St,369000,339000,327000,445,734.83,1,1,0,238,,
Revere Street,349000,349000,337750,498,678.21,1,1,0,40,,
Myrtle St,350000,350000,338000,510,662.75,2,1,0,54,,
Anderson Street,319000,319000,345000,520,663.46,2,1,0,7,,
Pinckney St,424900,399999,375000,530,707.55,1,1,0,195,,
Irving St,425000,425000,385000,585,658.12,2,1,0,58,,
River Street,425000,425000,410000,589,696.1,1,1,0,202,,
Beacon St,459000,459000,440000,772,569.95,1,1,0,34,,
Mount Vernon St,537000,519000,470000,668,703.59,1,1,0,611,,
S. Russell Street,514900,489500,475000,853,556.86,2,1,0,209,,
Beacon,529000,529000,512500,806,635.86,1,2,0,57,,
Bowdoin Street,549000,549000,549000,861,637.63,2,2,0,21,,
Myrtle Street,555000,555000,525000,700,750,2,1,0,41,,
Bowdoin St,579000,579000,550000,875,628.57,2,2,0,46,,
Hancock St,589000,575000,561250,852,658.74,1,1,0,151,,
Garden St,699000,615000,590000,950,621.05,2,2,0,480,,
Mount Vernon St,949000,899000,855000,1626,525.83,2,2,1,85,,
Joy Street,940000,940000,940000,1400,671.43,3,2,0,17,,
Chestnut Street,2100000,2100000,1979000,2720,727.57,3,2,1,41,,
Pinckney Street,2600000,2450000,2350000,1905,1233.6,3,2,1,56,,
Pinckney St,2700000,2700000,2700000,2440,1106.56,2,2,1,12,,
2007
STREET, ORIGINAL $, LIST $, SALE $, SQUARE FEET, $ PER SQFT, # BEDROOMS, # FULL BATHS, # HALF BATHS, DOM
West Cedar Street,289000,289000,265000,298,889.26,0,1,0,68,,
Grove St,289000,279000,269000,385,698.7,1,1,0,105,,
Lindall Place,329000,289000,275000,534,514.98,1,1,0,87,,
Phillips Street,299000,310000,299000,520,575,2,1,0,16,,
Pinckney,329500,329500,305000,530,575.47,0,1,0,17,,
Derne,355000,335000,316500,478,662.13,1,1,0,321,,
Phillips St,369000,369000,357500,472,757.42,1,1,0,44,,
Charles Street,399000,399000,360000,480,750,1,1,0,87,,
River,420000,420000,420000,631,665.61,1,1,0,71,,
West Cedar Street,449900,449900,423000,651,649.77,2,1,0,90,,
W Cedar St,449000,449000,442000,651,678.96,2,1,0,27,,
Pinckney,549000,529000,495000,677,731.17,0,1,0,110,,
West Cedar Street,519000,519000,500000,750,666.67,2,1,0,41,,
W Cedar St,529000,539000,518000,755,686.09,2,1,0,25,,
Beacon St,535000,535000,545000,770,707.79,1,1,0,7,,
Mt Vernon,639000,599000,550000,867,634.37,1,1,0,180,,
Hancock St,585000,585000,580000,900,644.44,1,1,0,9,,
Pinckney,679000,679000,615000,1215,506.17,2,2,0,107,,
Joy St,729000,669000,648000,1000,648,2,1,1,218,,
Beacon St,769000,699000,675000,1019,662.41,2,2,0,98,,
Mt Vernon,825000,805000,760000,1136,669.01,2,2,0,137,,
Mt. Vernon Street,850000,795000,765000,1134,674.6,2,2,0,443,,
Beacon Street,1175000,1095000,925000,1485,622.9,2,2,0,99,,
Mount Vernon,1095000,1145000,1062000,1414,751.06,2,2,0,48,,
Chestnut Street,1075000,1075000,1075000,1600,671.88,2,2,1,60,,
Anderson Street,1339000,1280000,1192000,1600,745,3,2,0,240,,
Chestnut Street,2495000,2095000,2082500,2775,750.45,4,4,1,302,,
Beaver Place,4995000,4995000,4700000,4217,1114.54,3,3,1,105,,
Source: MLSPIN, Inc., based on information provided by third-party sources, for the periods 01/01/2007-03/31/2007 and 01/01/2008-03/31/2008.
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