The typical home for sale in the Boston metro region in July had been sitting on the market for 65 days ? a little over two months.
So says Realtor.com, which released a market trends report with statistics on homes for sale. These stats were based on a snapshot of the so-called ?market inventory.?
The Boston region median time on the market is?32 days shorter than the nation?s, which is at 97. Several metro areas are at or above 150 days ? five months.
It should be noted that aggregated days on the market figures?may have?several variations. Boston condos and single-family homes are always coming on some lasting one day. Others have been languishing for months. Occasionally years. And the figures don?t necessarily reflect how long the wait has been for condo sellers, since some pull their condominiums off the market and put them back on latter so they can be a?brand-spanking new listing again, at least from the MLS standpoint.
On a related note, Realtor.com stated that the Boston area was the 18th most popular online real estate search in July 2011. Chicago was No. 1, followed by Las Vegas and ? wait ? Detroit. Hard to believe more real estate buyers are looking up Detroit over Boston. It might be due to prices. The typical asking price is $95,000 in Detroit (I actually? thought it would be lower).
But back to days on market: The above stats were existing inventory. For comparison sake, I looked up stats for Boston condos that sold in July 2011, based on MLS. The average condo sold that month took 83 days. For my neighborhood?of Beacon Hill, it was 45 days.
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New Beacon Hill condo
New Beacon Hill condo listing for sale
Offered at: $489,000.00
Two bedroom hardwood floors, laundy in the building, common roof deck.
More information call Linda Mitrano at 617-512-4557.
Classic Beacon Hill Duplex Condo
Including Income producing In-Law Apartment. Two units for the price of one.
Offered at: $879,000.00
Gracious parlor level living area offers open floor plan, fireplace, dining area,revovated kitchen with custom cabinents.
Lower level offers master bedroom with full bath and laundry. Includes a second bedroom with half bath. This unique condo also features a two level In-law apartment with a seperate entry. One car deeded parking space.
More information call Linda Mitrano at 617-512-4557.
Boston neighborhoods
Boston Real Estate / Boston Condos
Click on the links below for Boston condo neighborhood sales listings
Boston Back Bay Condos
Beacon Hill Condos
Boston Charlestown Condos
Fenway Boston Condos
Boston South End Condos
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Back Bay condo sales stats 2nd Q 2011:
Number of Back Bay Condo sales - 125
Avg Back Bay condo sales price - $1,327,464.00
Med Back Bay condo sales price - $830,000.00
Avg price per square foot - $818.00
Days on market for Back Bay Condo - 131
Back Bay Condos - Sales Stats 2011
Back Bay Condo Sales form April 1, 2011 - May 1, 2011 - 27
Avg. Back Bay condo sales price - $1,324,226.00
Med. Back Bay condo sales price - $1,210,000.00
Back Bay condo sales price per square foot - $787.00
Avg. days on the market for Back Bay condo - 184
Boston Back Bay condos sold from Jan 1, 2011 - April 28, 2011 - 105.
Average sales price for a Back Bay condominium in 2011 - $1,317,969.00
Median sales price for a Back Bay condominium in 2011 - $865,000.00
Average price per sqaure foot for a Back Bay condo in 2011 - $805.00
Average days on the market in 2011 for a Back Bay condo - 153
Back Bay condos/real estate sales for the 1st Quarter of 2011:
Average Back Bay condo sales price - $1,290,181.00
Median Back Bay condo sales price - $828,895.00
Average Back Bay condo sales priec per square foot - $804.00
Back Bay Condos Sold Jan 1, 2011 - April 16, 2011
Back Bay condos sales - 97
Average Back Bay condo price: $1,407,795.00
Median Back Bay condo sales price: $852,500.00
Average price per square foot for a Back Bay Condo $863.00
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Back Bay Condos Sold 2011
Back Bay condos sold: 50
Average Back Bay condo sales price:$1,367,003.00
Median Back Bay condo sales price: $953,750.00
Average Price per $/SF: $806
Average days on the market for a Back Bay condo: 124
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Beacon Hill Condos Sales Stats 2011
Beacon Hill condos sold form Jan 1, 2011 - April 28, 2011 - 37
Average Beacon Hill condo sales price - $799,809.00
Median Beacon Hill condos sales price - $560,000.00
Average price per square foot for a sold Beacon Hill condo - $704.00
Average days on the market for a Beacon Hill condo to sell - 165
Beacon Hill condo sales 2011 Jan - Mar
Beacon Hill condos sold
Avg Beacon Hill condo price $823,500.00
Med. Beacon Hill condo price $524,500.00
Avg. price per sq ft. Beacon Hill condo $632.00
Avg. days on market Beacon Hill condo 222
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Boston Condos Brighton Sales Stats 2011
Boston Brighton Condo sales - 25
Brighton condo avg. sales price $259,510
Brighton condo med. sales price $262,000
Brighton condo price per sq ft $283.00
Brighton condo days-on-market 90
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Boston Condos Charlestown - Sales Stats
Charlestown condo sales - 25
Charlestown average condo - $545,019
Charlestown median condo - $470,000
Average price per sq ft Charlestown condo $458.00
Average days-on-market 123
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Fenway Condos Sales Stats 2011
Fenway Condo Sales 2011
Fenway condo sales 7
Average Fenway condo price $292,500
Median Fenway condo price $282,500
Fenway price per sq ft $435.00
Fenway days-on-market 237
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Source: http://www.bostonreb.com/2011/08/boston-real-estate-days-on-market/
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