BOSTON Q2 - warrenre.com · BOSTON MARKET DATA BY NEIGHBORHOOD Q2 2020 warrenre.com 535 Boylston Street Boston, MA 02116 Smart matters

BOSTON MARKET DATABY NEIGHBORHOOD Q2

2020

w arrenre.com

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

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24

25

26

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

104.02%

$427,141

$501

25

23

$9,824,243

113.33%

.88

30

103.59%

$566,680

$556

24

15

$7,014,847

98.33%

1.02

23

104.34%

$490,900

$657

17

21

$11,900,299

129.17%

.77

23

98.46%

$467,656

$626

37

10

$4,909,000

51.67%

1.94

24

100.98%

$455,146

$633

50

16

$8,882,350

35.9%

2.79

28

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

Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

Q2

warrenre.com

535 Boylston StreetBoston, MA 02116

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YEAR-OVER-YEARQ2:20 vs. Q2:19

+13.09%

+60%

+13 DAYS

+43.81%

-30.5%

+2.56%

PRICESAverage Sale Price

SALESClosed Sales

MARKET TIMEDays On Market

SUPPLYApprox. Months Supply

ABSORPTION RATEApproximate

MEDIAN SALES PRICE NUMBER OF SALESSOUTH END

NEGOTIABILITYListing Discount

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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


95.73%

$1,773,374

$1,158

73

118

$209,258,143

42.86%

2.33

200

97.883%

$1,728,162

$1,217

45

103

$190,597,548

35.04%

2.85

175

99.41%

$1,796,409

$1,264

53

95

$164,175,413

32.66

3.06

156

98.34%

$1,850,462

$1,257

65

104

$186,826,550

22.53%

4.44

193

96.85%

$1,447,901

$1,144

76

50

$72,395,095

20.21%

4.95

119

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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-19.4%

-51.92%

+11 DAYS

+11.49%

-10.3%

-1.51%


SALESClosed Sales




MEDIAN SALES PRICE NUMBER OF SALESBACK BAY


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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

5


BAY VILLAGE MARKET DATA


0%

$0

$0

0

0

$0

0%

0

0

0%

$1,293,800

$0

0

0

$0

41.67%

2.4

2

92.75%

$505,800

$1,039

61

5

$6,469,000

20.56%

3.27

7

103.4%

$0

$416

34

58

$29,336,400

104.44%

.96

60

100.52%

$1,341,500

$1,168

132

4

$5,366,000

36.11%

2.77

3

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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+165.2%

-93.1%

+98 DAYS

+188.5%

-65.43%

-2.78%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

6


BEACON HILLMARKET DATA


98.02%

$1,016,063

$976

37

46

$46,738,899

35.24%

2.84

57

100.12%

$1,402,390

$1,148

67

45

$77,013,445

52.78%

1.89

60

98.95%

$1,926,066

$1,224

64

45

$63,107,550

37.63%

2.66

66

98.58%

$1,711,409

$1,284

51

54

$104,007,582

25.41%

3.94

74

97.41%

$1,168,395

$1,190

58

24

$28,041,499

22.06%

4.53

59

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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-39.34%

-55.5%

+7 DAYS

+14.97%

-13.18%

-1.18%


SALESClosed Sales




MEDIAN SALES PRICE NUMBER OF SALESBACK BAY


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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

7


BRIGHTON MARKET DATA


103.39%

$406,584

$528

21

52

$21,142,400

162.5%

.62

83

105.43%

$596,980

$582

24

72

$31,794,547

123.89%

.81

95

102.15%

$500,694

$699

21

92

$54,922,225

66.93%

1.49

107

99.42%

$441,590

$555

37

62

$31,043,049

51.54%

1.94

107

99.21%

$557,000

$633

19

25

$13,925,000

33.55%

2.98

61

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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+11.25%

-59.6%

-18DAYS

+53.6%

-34.9%

-.22%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

8


CHARLESTOWNMARKET DATA


103.37%

$651,728

$616

35

60

$39,103,699

64.94%

1.54

104

102.53%

$809,903

$668

29

65

$50,442,000

81.79%

1.22

103

103.24%

$741,735

$756

30

86

$69,651,667

101.32%

.99

106

99.88%

$776,030

$726

43

68

$50,438,045

52.29%

1.91

127

99.29%

$871,504

$773

27

41

$35,731,684

49.19%

2.03

94

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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+17.5%

-39.71%

-16 DAYS

+6.28%

-5.93%

-.59%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

9


DORCHESTERMARKET DATA


100.44%

$423,568

$350

46

54

$22,872,700

100%

1

58

102.66%

$517,930

$419

20

49

$22,493,899

58.01%

1.72

98

101.24%

$515,878

$425

27

79

$40,916,499

79.01%

1.27

98

99.39%

$459,059

$455

45

125

$64,484,850

44.22%

2.26

192

99.37%

$562,775

$462

38

61

$34,329,329

86.51%

1.16

76

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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+9.09%

-51.2%

-7 DAYS

-48.67%

+95.6%

+1.59%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

10


DOWNTOWN*MARKET DATA


96.24%

$1,362,178

$1,021

55

38

$51,762,800

18.9%

5.29

2

97.09%

$1,614,357

$1,168

64

50

$91,692,299

24.24%

4.12

1

96.79%

$1,488,251

$1,158

93

42

$67,802,999

19.76%

5.06

0

94.57%

$1,833,845

$1,043

101

44

$65,483,073

13.35%

7.49

84

95.78%

$1,258,443

$954

69

25

$31,461,075

13.31%

7.51

55

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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-15.44%

-43.18%

-32 DAYS

+.27%

-.3%

+1.28%


SALESClosed Sales






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


Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

11


EAST BOSTONMARKET DATA


100.73%

$395,421

$404

37

14

$5,535,900

68.52%

1.46

28

100.14%

$517,694

$494

34

53

$23,520,040

54.86%

1.82

64

101.91%

$561,422

$534

52

39

$20,190,099

41.07%

2.43

77

99.37%

$443,774

$593

47

97

$54,457,999

38.51%

2.6

122

99.14%

$580,961

$649

67

26

$15,104,995

15.87%

6.3

70

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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+3.48%

-73.2%

+20 DAYS

+142.3%

-58.79%

-.23%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

12


FENWAY/ KENMOREMARKET DATA


100.67%

$533,786

$729

36

29

$15,479,800

140%

.71

40

101.52%

$706,296

$948

22

45

$33,484,675

93.18%

1.07

54

102.52%

$1,053,514

$1,043

22

26

$18,363,714

31.82%

3.14

54

93.63%

$744,103

$1,046

34

34

$35,819,500

30.77%

3.25

57

99.24%

$652,142

$957

12

7

$4,565,000

27.08%

3.69

43

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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-38.1%

-79.41%

-22 DAYS

+13.54%

-11.99%

+6%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

13


JAMAICA PLAINMARKET DATA


103.22.%

$563,660

$456

39

136

$76,657,818

169.93%

.59

168

104.57%

$656,041

$506

27

113

$68,892,364

138.77%

.72

154

104.9%

$641,778

$537

22

123

$80,693,115

95.34%

1.05

171

102.32%

$609,666

$555

27

102

$65,461,363

51.64%

1.94

179

101.88%

$646,769

$568

27

100

$64,676,925

72.28%

1.38

141

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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+.78%

-1.96%

+0 DAYS

-28.87%

+39.9%

-.43%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

15


MATTAPANMARKET DATA


100%

$185,000

$218

269

1

$185,000

4.17%

24

9

98.18%

$255,000

$126

50

1

$108,000

116.67%

.86

2

103.26%

$465,750

$240

46

2

$510,000

41.67%

.2.4

8

97.64%

$108,000

$340

165

2

$931,500

0%

0

2

101.76%

$317,500

$349

20

2

$635,000

0%

0

4

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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-31.83%

0%

-145 DAYS

0%

0%

+4.22%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

16


MISSION HILLMARKET DATA


99.97%

$537,612

$444

13

4

$2,150,450

37.5%

2.67

12

109.84%

$533,595

$444

15

3

$1,584,999

200%

.5

6

106.62%

$787,000

$554

27

8

$4,268,763

27.08%

3.69

6

98.5%

$528,333

$508

82

1

$787,000

25%

4

7

99.75%

$536,600

$506

88

5

$2,683,000

29.17%

3.43

11

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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-31.82%

+400%

+6 DAYS

-14.25%

-14.25%

+1.27%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

17


NORTH ENDMARKET DATA


100.07%

$580,772

$827

34

22

$12,777,000

88.1%

1.14

25

100.94%

$818,900

$859

326

16

$9,445,832

100.94%

1.94

27

101.18%

$705,700

$1,006

24

20

$16,378,000

41.11%

2.43

39

98.8%

$590,364

$927

49

13

$9,175,010

17.74%

5.64

44

96.52%

$641,764

$886

56

17

$10,910,000

29.39%

3.4

36

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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get started.

-9.07%

+30.7%

+7 DAYS

-39.72%

+65.67%

-2.31%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

19


ROSLINDALEMARKET DATA


103.07%

$390,510

$365

40

57

$22,259,075

174.07%

.57

73

106.11%

$502,096

$361

40

41

$18,534,163

185.71%

.54

50

104.01%

$505,800

$406

22

45

$22,592,325

64.47%

1.55

70

103.4%

$452,052

$416

34

58

$29,336,400

104.44%

.96

60

101.82%

$519,639

$449

18

33

$17,148,099

99.31%

1.01

49

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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get started.

+2.74%

-43.1%

-16 DAYS

+5.21%

-4.91%

-1.53%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

19


ROXBURYMARKET DATA


100.52%

$328,431

$272

79

8

$2,627,450

15.91%

6.29

16

100.27%

$436,187

$256

68

12

$3,907,446

33.33%

3

18

100.38%

$486,926

$334

28

13

$5,670,438

17.19%

5.82

27

100.36%

$325,620

$397

49

30

$14,607,795

39.58%

2.53

32

98.55%

$499,026

$476

26

15

$7,485,400

31.94%

3.13

16

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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get started.

+2.49%

-50%

-15 DAYS

+23.72%

-19.3%

-1.81%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

19


SEAPORTMARKET DATA


98.39%

$2,291,932

$1,232

37

14

$32,087,049

44.44%

2.25

24

97.81%

$2,201,830

$865

51

13

$11,942,242

30.88%

3.24

21

99.72%

$2,658,942

$1,322

83

19

$41,834,770

18.45%

5.42

61

99.15%

$918,634

$1,716

24

88

$233,986,983

25.45%

3.78

111

98.55%

$1,826,600

$1,450

49

29

$52,971,422

28.88%

3.46

45

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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-31.3%

-67.05%

+25 DAYS

-8.47%

+9.19%

-.61%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

20


SOUTH BOSTONMARKET DATA


100.98%

$680,254

$596

55

156

$106,119,639

109.19%

.93

204

101.31%

$812,889

$671

31

164

$115,990,536

48.23%

2.07

278

99.51%

$859,749

$711

34

155

$125,997,926

43.45%

2.3

299

99.29%

$707,259

$748

58

185

$159,053,698

37.98%

2.63

323

99.27%

$860,749

$774

50

101

$86,935,680

23.46%

4.26

264

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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get started.

+.12%

+19.35%

-8 DAYS

+61.98%

-38.23%

-.02%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

21


SOUTH END MARKET DATA


101.94%

$1,058,183

$896

32

179

$189,414,855

78.28%

1.28

202

102.16%

$1,218,286

$994

35

157

$171,708,359

54.95%

1.82

221

101.76%

$1,188,197

$1,073

36

187

$227,819,609

66.54%

1.5

230

99.31%

$1,093,683

$1,046

44

124

$147,336,430

53.78%

1.86

167

99.13%

$1,196,907

$1,040

35

80

$95,752,634

16.87%

5.93

255

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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+0.73%

-35.48%

-9 DAYS

+218.8%

-68.6%

-0.18%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

22


WATERFRONTMARKET DATA


97.89%

$1,102,651

$924

57

38

$41,900,738

30.56%

3.27

68

97.53%

$1,235,575

$1,017

56

29

$41,282,999

20.75%

4.82

74

97.39%

$1,526,769

$1,037

68

40

$49,423,000

25.17%

3.97

75

97.25%

$1,423,551

$1,139

82

29

$44,276,312

13.11%

7.63

84

96.43%

$1,220,050

$1,038

81

24

$29,281,200

13.21%

7.57

71

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

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-20.09%

-17.24%

-1 DAYS

-0.79%

+0.76%

-.85%


SALESClosed Sales






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Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

23


WEST ENDMARKET DATA


103.3%

$585,499

$617

29

10

$5,854,999

70.83%

1.41

14

95.91%

$622,083

$660

71

7

$4,626,901

45%

2.22

9

101.01%

$579,888

$687

14

6

$3,732,499

33.33%

3

16

100.75%

$660,985

$633

80

9

$5,219,000

28.57%

3.5

15

97.5%

$658,300

$634

62

5

$3,291,500

42.86%

2.33

10

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

warrenre.com



get started.

+13.52%

-44.4%

-18 DAYS

-33.4%

+50%

-3.23%


SALESClosed Sales






Smart matters.


Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

24


WEST ROXBURYMARKET DATA


100.71%

$389,084

$336

58

29

$11,283,455

202.08%

.49

30

104.31%

$401,343

$364

23

21

$7,676,599

205.56%

.49

32

101.87%

$415,413

$367

21

16

$6,421,500

109.72%

.91

33

101.94%

$365,552

$413

42

23

$9,554,499

87.96%

1.14

42

99.6%

$501,945

$429

50

22

$11,042,799

62.88%

1.59

28

AVERAGE SALES PRICE



TOTALTRANSACTIONS





Q2

warrenre.com



get started.

+20.83%

-4.35%

+8 DAYS

+39.4%

-28.5%

-2.29%


SALESClosed Sales






Smart matters.


Q2:16 Q2:17 Q2:18 Q2:19 Q2:20

25


w arrenre.com


NOTES

Does Seasonal i t y Impact

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

m arket general ly runs f rom early March

through Mem orial Day in May. The Fal l

m arket general ly beg ins af ter Labor Day

and goes through the end of October or

early Novem ber. W hat this m eans is that

we w il l 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 ,

we of ten see large am ounts of c losings

happen in a short period of t im e. This

can dram at ical ly skew the quarterly

m arket stat ist ics for a part icular

neighborhood. W ith that said , there are

also cases w here new construct ion units

were never l isted 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 lower

m arket act ivity m ay see signif icant

variat ions f rom one report to the next

due to the sm al l sam ple size.

W hat is Included in Downt own

Neighborhoods? In order to prevent extrem ely sm al l

sam ple sizes and el im inate a real

estate agent?s sub ject ive choice of

w hich neighborhood to inc lude their

l ist ing on MLSpin in, we?ve com bined

f ive areas into one neighborhood

cal led Dow ntow n. These areas inc lude

any propert ies l isted in Chinatow n,

Faneuil , Financial Distric t , Leather

Distric t , Mid tow n, and the Theatre

Distric t .

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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BOSTON Q2 - warrenre.com · BOSTON MARKET DATA BY NEIGHBORHOOD Q2 2020 warrenre.com 535 Boylston Street Boston, MA 02116 Smart matters