Market Stats Q1 2020 - warrenre.com · BOSTON MARKET DATA BY NEIGHBORHOOD Q1 2020 warrenre.com 535...

BOSTON MARKET DATABY NEIGHBORHOOD Q1

2020

w arrenre.com

535 Boylston St reetBoston, MA 02116 Sm art m at ters.

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Glossary Of Term s

Al lston

Back Bay

Bay Vil lage

Beacon Hil l

Brighton

Charlestow n

Dorchester

Dow ntow n

East Boston

Fenway/ Kenm ore

Jam aica Plain

Mattapan

Mission Hil l

North End

Rosl indale

Roxbury

Seaport

South Boston

South End

Waterfront

West End

West Roxbury

Notes

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CONTENTS

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GLOSSARY OF TERM S

Average Pr ice Per FootThe average price per square foot cost is

com puted by add ing the square foot

cost of each hom e that has sold in an

area and d ivid ing by the num ber of

hom es sold .

Average Sales Pr iceThe average sales price is com puted by

taking the total sales dol lar volum e for

the area and d ivid ing it by the total

t ransact ions.

Average Sales Pr ice vs List Pr iceThe average sales vs l ist p rice is

com puted by f ind ing the d if ference

between al l the l ist ing and sales prices

and then d ivid ing by the num ber of

sales.

Average DOMAverage days on m arket is com puted by

taking the total num ber of days for each

l ist ing before it went pend ing and

d ivid ing by the total num ber of l ist ings.

Tot al Dol lar Volume SoldTotal dol lar volum e sold is com puted by

add ing the sales price of every l ist ing

together during a certain t im e period .

Tot al Transact ionsThe total t ransact ions for a period are

the num ber of l ist ings that t ransferred

ow nership in that area.

Approximat e Absorpt ion Rat eThe absorpt ion rate is the percentage

of current on m arket l ist ings w hich

should sel l over the next m onth. It is

calculated by d ivid ing the average

num ber of hom es sold per m onth by

the total num ber of act ive l ist ings. (The

average num ber of hom es sold per

m onth is calculated by taking the total

num ber of hom es sold over the past 12

m onths and d ivid ing it by 12).

Approximat e M ont hs Invent ory SupplyApproxim ate m onths inventory supp ly

is the num ber of m onths it would take

to sel l the current act ive inventory. It is

com puted by d ivid ing the act ive

l ist ings on a certain date by the

average num ber of hom es sold in a

m onth (The average num ber of hom es

sold per m onth is calculated by taking

the total num ber of hom es sold over

the past 12 m onths and d ivid ing it by

12).

Tot al Number of Uni t s List edThe total num ber of units l isted is the

num ber of l ist ings that went act ive

during the t im e period .

3

ALLSTON MARKET DATA

AVERAGEPRICE PER FOOT

100.24%

$412,360

$460

44

10

$4,123,600

111.11%

.9

16

103.59%

$567,050

$561

36

6

$2,820,499

108.33%

.92

16

99.82%

$410,000

$619

44

8

$4,536,400

76.39%

1.31

44

96.41%

$470,083

$520

77

4

$1,640,000

152.08%

.66

10

98.13%

$500,700

$603

55

10

$5,007,000

59.52%

1.68

19

AVERAGE SALES PRICE

AVERAGE SALES PRICE VS. LIST PRICE

AVERAGE DOM (DAYS ON MARKET)

TOTALTRANSACTIONS

TOTALDOLLAR VOLUME SOLD

APPROXIMATEABSORPTION RATE

APPROXIMATEMONTHS INVENTORY SUPPLY

TOTALNUMBER OF UNITS LISTED

Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

Q1

warrenre.com

535 Boylston StreetBoston, MA 02116

Our expert agents can provide a deeper analysis of this data. Contact our office to

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YEAR-OVER-YEARQ1:20 vs. Q1:19

+22.12%

+150%

-22 DAYS

+154.5%

-60.8%

+1.78%

PRICESAverage Sale Price

SALESClosed Sales

MARKET TIMEDays On Market

SUPPLYApprox. Months Supply

ABSORPTION RATEApproximate

MEDIAN SALES PRICE NUMBER OF SALESSOUTH END

NEGOTIABILITYListing Discount

Smart matters.

Source: MLSPin © BHHS Warren Residential. All material presented is intended for information purposes only. This information is believed to be correct but is represented subject to errors, omissions, changes or withdrawal without notice. All property information should be verified by your own attorney, architect, or zoning expert. If your property is currently listed with another real estate broker, please disregard this offer. It is not our intention to solicit.

4

BACK BAYMARKET DATA


96.44%

$1,387,425

$1,070

73

69

$95,732,300

41.36%

2.42

124

96.99%

$1,863,586

$1,185

57

61

$95,112,750

42%

2.38

130

95.72%

$1,447,454

$1,183

80

65

$121,133,122

42.25%

2.37

103

97.88%

$1,559,225

$1,200

62

53

$76,715,080

32.74%

3.05

131

96.23%

$2,268,121

$1,339

74

61

$138,355,400

42.18%

2.37

92

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

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get started.

+56.7%

+15.09%

+12 DAYS

--22.3%

+28.8%

-1.69%


SALESClosed Sales




MEDIAN SALES PRICE NUMBER OF SALESBACK BAY


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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

5


BAY VILLAGE MARKET DATA


90.65%

$443,750

$702

68

2

$887,500

0%

0

0

102.67%

$965,666

$1,038

7

1

$462,000

41.67%

2.4

2

97.71%

$0

$1,097

60

3

$2,897,000

16.67%

6

5

0%

$462,000

$0

00

0

$0

18.33%

5.45

5

98.67%

$1,805,333

$1,194

83

3

$5,415,999

45.83%

2.18

6

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

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get started.

+100%

+100%

+83 DAYS

+100%

+150%

+100%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

6


BEACON HILLMARKET DATA


99.29%

$1,106,358

$963

46

22

$24,339,899

29.49%

3.39

258

97.13%

$2,740,117

$1,134

76

25

$46,191,000

41.99%

2.38

35

109.94%

$1,789,225

$1,488

48

17

$46,582,000

48.19%

2.08

42

98.36%

$1,847,640

$1,239

106

14

$25,049,1550

27.62%

3.62

63

93.32%

$2,260,880

$1,230

73

25

$56,522,000

37.16%

2.69

52

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+26.36%

+78.5%

-33 DAYS

-25.6%

+34.5%

-5.12%


SALESClosed Sales




MEDIAN SALES PRICE NUMBER OF SALESBACK BAY


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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

7


BRIGHTON MARKET DATA


102.06%

$422,300

$525

34

35

$14,780,500

182.58%

.55

44

102.74%

$530,736

$491

26

33

$16,002,899

126.28%

.79

49

102.34%

$545,460

$638

23

50

$26,536,820

103.95%

.96

74

98.79%

$484,936

$585

57

26

$14,181,983

91.3%

1.10

51

98.7%

$577,713

$617

55

37

$21,375,399

86.11%

1.16

56

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

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get started.

+5.91%

+42.31%

-2 DAYS

+5.45%

-5.68%

-0.09%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

8


CHARLESTOWNMARKET DATA


100.58%

$638,090

$608

49

33

$21,057,000

115.2%

.87

59

100.30%

$725,209

$653

53

42

$27,487,590

96.59%

1.04

70

101.21%

$756,336

$709

30

29

$21,031,087

216.67%

.46

52

99.83%

$654,466

$709

53

44

$33,278,824

82.33%

1.21

66

99.54%

$820,687

$751

48

24

$19,696,500

85.53%

1.17

46

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+8.51%

-45.4%

-5 DAYS

-3.31%

+3.89%

-.29%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

9


DORCHESTERMARKET DATA


99.16%

$363,518

$293

58

24

$8,724,449

83.8%

1.19

61

99.94%

$523,378

$349

49

51

$21,297,500

110.71%

.9

50

100.46%

$482,538

$409

50

64

$33,496,200

104.63%

.96

72

97.96%

$417,598

$430

66

49

$23,644,400

43.41%

2.3

88

1001.5%

$565,232

$443

62

43

$24,304,998

79.17%

1.26

72

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+17.14%

-12.24%

-4 DAYS

-45.22%

+82.38%

+2.24%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

10


DOWNTOWN*MARKET DATA


96.99%

$1,331,939

$933

114

26

$34,630,437

20.3%

4.93

1

96.07%

$1,841,115

$1,277

113

33

$63,704,329

25.74%

3.89

4

95.73%

$1,522,014

$1,159

131

26

$47,868,999

29.72%

3.37

1

95.83%

$1,930,434

$1,080

80

23

$35,006,330

13.82%

7.24

59

94.45%

$2,207,722

$1,245

155

18

$39,738,999

23.86%

4.19

43

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+45.05%

-21.74%

+75 DAYS

-42.13%

+72.6%

+1.44%


SALESClosed Sales






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*Downtown includes Chinatown, Faneuil Hall, Financial District, Leather District, Midtown, and Theater District.


Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

11


EAST BOSTONMARKET DATA


99.75%

$324,466

$337

83

15

$4,867,000

88.1%

1.14

20

99.27%

$445,401

$455

59

44

$20,541,773

58.82%

1.7

55

99.72%

$531,407

$465

68

26

$11,580,442

180.95%

.55

26

98.82%

$466,858

$560

51

39

$20,724,894

36.87%

2.71

85

98.71%

$563,194

$642

82

14

$7,884,727

31.62%

3.16

55

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+5.98%

-64.1%

+31 DAYS

+16.61%

-32.9%

-.11%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

12


FENWAY/ KENMOREMARKET DATA


101.78%

$463,076

$837

14

13

$6,019,999

66.67%

1.5

27

100%

$710,416

$903

24

35

$24,220,950

126.19%

.79

51

99.99%

$578,818

$976

36

12

$8,525,000

126.19%

.79

51

100.06%

$692,027

$870

69

11

$6,366,999

30.8%

3.25

38

97.73%

$756,437

$916

61

16

$12,103,000

145.83%

.69

28

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+30.69%

+45.45%

-8 DAYS

-78.7%

+373.4%

-2.33%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

13


JAMAICA PLAINMARKET DATA


100.22%

$539,981

$443

56

60

$32,398,900

98.5%

1.02

110

102.46%

$611,720

$483

33

61

$36,840,399

130%

.75

95

101.39%

$611,785

$504

31

69

$42,208,717

194.79%

.51

98

100.81%

$603,940

$505

50

47

$28,753,927

90.66%

1.1

93

99.78%

$694,767

$597

63

106

$73,645,333

158.33%

.63

91

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+13.56%

+125.5%

+13 DAYS

-42.73%

+74.6%

-1.03%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

15


MATTAPANMARKET DATA


0%

$0

$0

0

0

$0

33.33%

3

1

100%

$275,000

$247

50

7

$1,730,999

116.67%

.86

3

98.34%

$12,000

$233

64

3

$825,000

75%

1.33

3

8.57%

$247,285

$14

108

1

$12,000

0%

0

1

107.2%

$402,000

$343

18

1

$402,000

58.33%

1.71

3

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+3250%

0%

-90 DAYS

+100%

+100%

+1150%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

16


MISSION HILLMARKET DATA


100.42%

$366,949

$341

20

2

$733,898

8.33%

12

17

100.34%

$0

$545

94

1

$585,000

400%

.25

3

0%

$590,500

$0

0

0

$0

38.33%

3

10

103.6%

$585,000

$490

19

2

$1,181,000

52.76%

1.89

6

95.6%

$650,000

$421

35

1

$650,000

16.67%

6

8

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+10.08%

-50%

+16 DAYS

+217.4%

-68.42%

-7.72%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

17


NORTH ENDMARKET DATA


98.97%

$668,227

$717

52

11

$7,350,499

73.96%

1.35

31

98.8%

$700,147

$776

38

7

$5,696,000

50.69%

1.97

23

99.23%

$649,050

$1,035

45

17

$11,902,500

73.96%

1.35

26

98.39%

$813,714

$897

62

10

$6,490,500

43.45%

2.3

22

96.38%

$88,166

$871

56

12

$8,258,000

56.48%

`.77

27

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+6.03%

+20%

-6 DAYS

-23.04%

+29.9%

-2.04%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

19


ROSLINDALEMARKET DATA


100.09%

$375,956

$335

73

32

$12,030,609

95.56%

1.05

60

101.77%

$492,913

$359

56

18

$6,933,299

285%

.35

31

101.4%

$479,708

$399

26

22

$10,844,100

236.67%

.42

45

100.02%

$385,183

$430

52

36

$17,269,499

104.17%

.96

36

100.79%

$498,019

$435

43

32

$15,936,638

175%

.57

49

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+3.82%

-11.1%

-9 DAYS

-40.63%

+67.9%

+.77%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

19


ROXBURYMARKET DATA


97.53%

$319,803

$224

79

7

$2,238,624

19.05%

5.25

11

98%

$474,285

$283

75

7

$3,165,000

51.39%

1.95

12

92.33%

$422,000

$327

84

7

$3,319,999

64.58%

1.55

13

100.05%

$452,142

$360

95

9

$3,798,000

87.5%

1.14

17

102.03%

$362,972

$308

48

9

$3,266,751

58.33%

1.71

25

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

-13.99%

+0%

-47 DAYS

+50%

-33.34%

+1.98%


SALESClosed Sales






Smart matters.


Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

19


SEAPORTMARKET DATA


99.77%

$1,791,281

$1,079

40

8

$14,330,250

48.96%

2.04

27

99.23%

$1,989,252

$804

78

3

$22,435,000

27.08%

3.69

26

98.71%

$1,127,375

$1,125

70

20

$39,785,047

25.93%

3.86

19

98.61%

$811,666

$991

68

20

$22,547,500

13.95%

7.17

64

99.81%

$1,988,500

$1,616

54

56

$111,356,005

42.92%

2.33

58

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+76.3%

+180%

-14 DAYS

-67.5%

+207.6%

+1.21%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

20


SOUTH BOSTONMARKET DATA


99.53%

$645,359

$578

52

103

$66,472,066

103.13%

.97

149

98.4%

$818,676

$642

58

96

$63,300,836

79.46%

1.26

188

99.04%

$790,095

$697

45

85

$69,587,514

69.07%

1.45

193

98.82%

$659,383

$723

54

97

$76,639,219

60.37%

1.66

139

97.08%

$897,548

$743

89

90

$80,779,352

55.84%

1.79

185

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+13.6%

-7.22%

+35 DAYS

+7.83%

-7.5%

-1.77%


SALESClosed Sales






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Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

21


SOUTH END MARKET DATA


99.79%

$1,009,744

$857

53

78

$78,760,081

81.29%

1.23

157

100.4%

$1,444,192

$949

56

72

$81,526,062

71.36%

1.4

132

98.58%

$1,296,483

$993

52

58

$83,763,178

76.44%

1.31

122

97.36%

$1,132,306

$992

66

62

$80,381,955

69.44%

1.44

127

97.56%

$1,295,541

$1,005

80

44

$57,003,807

44.79%

2.23

137

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

-.07%

-29.03%

+14 DAYS

+54.86%

-35.5%

+.2%


SALESClosed Sales






Smart matters.


Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

22


WATERFRONTMARKET DATA


93.84%

$1,138,990

$920

76

26

$29,613,749

34.6%

2.89

54

97.38%

$1,120,593

$978

79

27

$36,490,194

39.94%

2.5

55

97.08%

$1,663,436

$935

116

29

$32,497,199

28.75%

3.48

51

97.38%

$1,351,488

$1,093

75

25

$41,585,900

21.6%

4.63

64

96.38%

$1,329,202

$1,038

116

22

$29,242,457

21.48%

4.66

58

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

-20.09%

-12%

+41 DAYS

+.65%

-.56%

+1.03%


SALESClosed Sales






Smart matters.


Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

23


WEST ENDMARKET DATA


100.45%

$583,935

$608

39

6

$3,503,613

72.92%

1.37

9

98.25%

$605,895

$582

45

5

$2,639,900

40.28%

2.48

7

102.21%

$478,333

$623

72

9

$5,453,055

40.28%

2.48

7

98.42%

$527,980

$619

79

3

$1,434,999

25%

4

8

99.7%

$555,580

$619

80

12

$6,666,966

66.67%

1.5

12

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+16.15%

+300%

+1 DAYS

-62.5%

+166.6%

+1.3%


SALESClosed Sales






Smart matters.


Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

24


WEST ROXBURYMARKET DATA


98.45%

$361,469

$335

56

20

$7,229,399

94.79%

1.055

18

99.75%

$425,692

$366

42

15

$6,050,100

118.06%

.85

21

100.22%

$441,353

$424

35

13

$5,534,000

140%

.71

20

98.73%

$403,340

$354

62

16

$7,061,650

92.86%

1.08

20

99.87%

$632,638

$499

40

18

$11,387,500

92.86%

1.08

21

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q1

warrenre.com



get started.

+43.34%

+12.5%

-18 DAYS

+0%

+0%

=1.15%


SALESClosed Sales






Smart matters.


Q1:16 Q1:17 Q1:18 Q1:19 Q1:20

25


w arrenre.com

535 Boylston StreetBoston, MA 02116 Sm art m atters.

NOTES

Does Seasonalit y Impact

Quar t er ly Repor t s?Depend ing on the w eather, the spring

m arket generally runs from early March

through Mem orial Day in May. The Fall

m arket generally beg ins after Labor Day

and goes through the end of October or

early Novem ber. W hat this m eans is that

w e w ill see a larger am ount of c losed

sales volum e in Q2 and Q3 vs. Q1 and Q4.

Do Closings in New Development s

Impact Quar t er ly Repor t s?W hen a new developm ent is com pleted ,

w e often see large am ounts of c losings

happen in a short period of tim e. This can

dram atically skew the quarterly m arket

statistics for a particular neighborhood.

W ith that said , there are also cases w here

new construction units w ere never listed

on MLS and therefore don?t show up in

the report.

Does Sample Size Impact

Quar t er ly Repor t s?Certain neighborhoods w ith low er

m arket activity m ay see significant

variations from one report to the next

due to the sm all sam ple size.

W hat is Included in Dow nt ow n

Neighborhoods? In order to prevent extrem ely sm all

sam ple sizes and elim inate a real estate

agent?s sub jective choice of w hich

neighborhood to include their listing on

MLSpin in, w e?ve com bined five areas

into one neighborhood called

Dow ntow n. These areas include any

properties listed in Chinatow n, Faneuil,

Financial District, Leather District,

M id tow n, and the Theatre District.

26

w arrenre.com


© BHHS Warren Resident ial . Al l m aterial p resented is intended for inform at ion purposes only. This inform at ion is bel ieved to be correct but is represented sub ject to errors, om issions, changes or w ithd rawal w ithout not ice. Al l p roperty inform at ion should be verif ied by your ow n at torney, architect , or zoning expert . If your p roperty is current ly l isted w ith another real estate b roker, p lease d isregard this of fer. It is not our intent ion to sol ic it .

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