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Issue 2 The Real Estate Insider July 2016 Mid-Year Sales Reports by Marsh Properties on the Boston Real Estate Market - Since 1992
Owner/Brokers Marsh Properties
Since 1990
Tim Marsh Cheryl Marsh
Five-Year Sales Summary Tier-1 Doorman Condominium Sales in Boston
2012 2013 2014 2015 2016 YTD
BUILDING PPSF Sales PPSF Sales PPSF Sales PPSF Sales PPSF Sales
1 Charles $ 834 17 $ 880 31 $1,148 21 $1,167 16 $1,136 13 45 Province $ 925 36 $1,043 37 $1,186 30 $1,314 5 $1,201 5 Atelier 505 $1,029 7 $1,094 6 $1,262 3 $1,319 9 $1,483 2
Battery Wharf $ 915 23 $1,024 9 $1,158 14 $1,102 17 $1,276 6 Belvedere $1,093 2 $1,304 1 $1,598 1 $1,367 4 $1,413 3 Carlton House $1,441 2 $1,308 4 $2,744 1 $3,337 1 $1,489 1 Clarendon $1,233 20 $1,425 22 $1,460 8 $1,655 12 $1,799 5 Four Seasons $1,102 9 $1,333 5 $1,509 7 $1,427 8 $1,978 3 Grandview $ 861 6 $ 768 3 $ 792 3 $ 950 5 $1,059 2 Heritage $1,200 9 $1,467 6 $1,584 5 $2,161 3 $1,646 5 Intercontinental $ 781 12 $ 892 23 $ 974 17 $1,112 12 $1,118 8 Mandarin (776) $1,450 8 $1,766 4 $1,901 6 $2,449 4 0 Mandarin (778) $1,600 17 0 Millennium Place $ 893 169 $ 980 101 $1,203 19 $1,188 21 Ritz Tower I $ 949 16 $1,015 16 $1,087 12 $1,193 18 $1,395 3 Ritz Tower II $1,029 18 $1,186 21 $1,214 21 $1,268 12 $1,352 6 Rowes Wharf $ 999 6 $1,208 3 $1,341 6 $1,509 4 $1,509 3 Trinity Place $ 958 5 $ 949 6 $1,096 6 $ 993 6 $1,128 2 Twenty Two Liberty $1,417 104 $1,802 22 W Boston $ 935 35 $1,031 27 $1,127 15 $1,132 22 $1,292 6
Key PPSF: Average Sale Price per Square Foot. Sales: Number of Sales Closed and Recorded.
2016 Performance: Most Sales: Twenty Two Liberty (22) Least Sales: Mandarin (0) Highest Bldg. Avg. Sales Price Per SF: Four Seasons ($1,978). Lowest Bldg. Avg. Sales Price Per SF: Grandview ($1,059) Highest Sale Price: Twenty Two Liberty #PH2A, 2,666 SF. 2/2.5. ($7,237,899) Highest Sale Price Per SF: Twenty Two Liberty #PH2A, 2,666 SF. 2/2.5. ($2,715/SF) Lowest Sale Price: Twenty Two Liberty #3G. 1,452 SF, 2/2 ($203,600) Lowest Sale Price Per SF: Twenty Two Liberty #3G. 1,452 SF, 2/2 ($140/SF)
BostonLuxuryRealEstate.com
Your new and improved gateway to the Boston Real Estate Market From our web site you can search for any property listed for sale or rent on MLS by any broker in our region simply by clicking on the “Search” tab on our home page. And remember we can show you every one of these properties, so you only have to work with one broker. Watch videos about our latest listings and each major Boston neighborhood. Learn about our services for sellers and buyers and meet our brokers. Subscribe to our Blog, find us on Facebook and Linked-In, follow us on Twitter and read the e-version of this fact-filled newsletter - The Real Estate Insider. Published since 1992, it’s full of in-depth sales and trend analysis, investment opportunities and immediate, if not advance, notice about our new listings as well as significant listings by other brokers.
NOTE: If you would like us to email every issue of this newsletter to you, send your request to [email protected] or call Tim Marsh at (C) 617-548-7145
Condominium Mid-Year Sales Review Time Frame: January - June Sales: 2015 vs. 2016 Neighborhoods: Back Bay, Beacon Hill, Charlestown, Midtown, North End, Seaport, South Boston, South End & Waterfront. Price Ranges: Less than $1 million. $1-$3 million. Greater than $3 million. Key: # Sales: number of sales that have closed. Avg. PPSF: average sale price per square foot. Avg. DOM: average number of days it took the property to sell and go to record. Information Sources: LINK (Listing Information Network). Marsh Properties research. Less Than $1 Million $1-$3 Million Greater Than $3 Million
Neighborhood Year # Sales Avg. PPSF Avg. DOM # Sales Avg. PPSF Avg. DOM # Sales Avg. PPSF Avg. DOM Back Bay 2015 86 $908 31 73 $1,110 58 24 $1,690 65 2016 113 $946 32 87 $1,148 70 25 $1,670 135
Beacon Hill 2015 63 $856 31 15 $1,023 26 1 $1,179 0 2016 53 $922 27 24 $1,021 64 2 $1,420 169
Charlestown 2015 151 $566 31 13 $ 734 35 NA NA NA 2016 126 $625 38 18 $ 683 41 NA NA NA
Midtown 2015 40 $724 82 37 $1,060 137 8 $1,397 74 2016 48 $783 51 39 $1,141 78 5 $1,503 118
North End 2015 43 $740 48 1 $ 735 0 NA NA NA 2016 31 $789 34 3 $ 933 119 NA NA NA
Seaport 2015 27 $639 45 9 $ 682 47 NA NA NA 2016 24 $729 20 12 $ 948 24 17 $2,032 53
South Boston 2015 291 $530 39 7 $ 640 63 NA NA NA 2016 310 $568 50 33 $ 653 96 NA NA NA
South End 2015 181 $789 43 73 $ 929 44 NA NA NA 2016 209 $808 32 118 $1,017 26 3 $1,218 42
Waterfront 2015 42 $772 41 25 $1,044 88 4 $1,470 94 2016 52 $788 54 22 $1,145 48 2 $1,435 157
Marsh Properties is a local brokerage with a global network.
We would be honored to sell your property or assist you with your next purchase.
Tim Marsh, Cheryl Marsh, Meryl Beckingham and Carol Hodges
Brokers of fine properties in Boston’s premier downtown neighborhoods and surrounding communities since 1984.
Marsh Properties Local Brokerage w Global Network
30 Newbury St., 3rd flr., Boston, MA 02116 (B) 617-716-0240 (e-fax) 617-507-8006 Website: BostonLuxuryRealEstate.com Members: NABB, BHCA & Friends of the Public Garden
Ê Principal Broker: Cheryl Marsh (email): [email protected] (C) 617-797-5781 Ê Principal Broker: Tim Marsh (email): [email protected] (C) 617-548-7145
Ê Boston/New York Sales Agent: Meryl Beckingham (email): [email protected] (C) 617-834-3402 Ê Boston/Rhode Island Sales Agent: Carol Hodges (email): [email protected] (C) 617-266-7999
Single Family Home YTD 2016 Sales Review
Neighborhoods: Back Bay, Beacon Hill and the South End. Information Sources: LINK (Listing Information Network). Marsh Properties research.
Address Sale Price Sale Price/SF Square Feet Condition Beds/Baths Outdoor Space Parking
Back Bay 407 Beacon St. $4,750,000 $ 881 5,391 PR 6+/3.5 Garden, Patio 2-Outdoor
# Sales: 1 Average Sale Price: $4,750,000 Average Sale Price/SF: $881 Average Days On Market: 227 Beacon Hill 1 Pinckney St. $1,150,000 $1,160 991 AC 1+/2 None No 21 Pinckney St. $1,975,000 $1,048 1,884 PR 3/3 Garden No 70 Myrtle St. $2,150,000 $ 777 2,768 UK 4/3 UK No 104 Chestnut St. $2,280,000 $ 934 2,442 UK 3/2 UK No 100 Revere St. $2,341,700 $1,029 2,726 R 4/2.5 Garden No 94 Pinckney St. $3,050,000 $ 763 4,000 AC 5/4.5 Garden 1-Outdoor 68 Pinckney St. $3,250,000 $ 855 3,799 R 5+/3.5 Deck, Garden No 7 W. Cedar St. $3,450,000 $1,084 3,184 UK 4/4 UK No 7 W. Hill Pl. $3,500,000 $ 916 3,820 R 4/4 Garden 1-Outdoor 22 Charles River Sq. $3,950,000 $1,007 3,924 R 4+/4.5 Deck 1-Outdoor 9 Lime St. $4,975,000 $1,459 3,410 R 4/3.5 Deck, Garden No 60 Chestnut St. $5,000,000 $1,523 3,282 R 4+/4.5 Deck 2-Outdoor
# Sales: 12 Average Sale Price: $3,089,308 Average Sale Price/SF: $1,046 Average Days On Market: 81
South End 3 Haven St. $1,333,125 $ 917 1,454 R 2+/2 Deck, Garden No 28 Melrose St. $1,350,000 $ 657 2,055 UK 4/1 UK No 40 Melrose St. $1,650,000 $ 985 1,675 R 2+/2.5 Deck, Patio No 14 Rutland St. $2,025,000 $ 954 2,123 R 3/2.5 Patio 1-Garage 39 Greenwich Pk. $2,050,000 $ 758 2,704 UK 4/3 UK UK 1 Lawrence St. $2,280,000 $1,051 2,170 UK 4/2.5 UK No 11-A Taylor St. $2,400,000 $1,215 1,975 R 3/2.5 Deck, Patio No 32 Clarendon St. $2,500,000 $1,069 2,338 R 3/2.5 Deck, Garden, Patio No 196 W. Springfield $2,725,000 $ 651 4,188 R 4+/3 No 2-Outdoor 17 Lawrence St. $2,759,000 $1,082 2,541 R 4+/2.5 Deck, Patio No 46 Appleton St. $3,012,000 $ 803 3,751 R 5/3.5 Deck, Patio No 161 W. Newton St. $3,225,000 $ 880 3,663 R 5/4 Deck, Balcony 2-Outdoor 17 Bond St. $3,450,000 $1,232 2,800 R 3/3.5 Deck No 109 Appleton St. $3,550,000 $1,014 3,500 R 4/4.5 Deck, Garden No 113 Pembroke St. $3,631,875 $ 801 4,537 R 5/5.5 Deck 2-Outdoor 154 W. Brookline $3,750,000 $ 972 3,858 R 4/4 Balcony, Patio 2-Outdoor 31 Cumberland St. $3,800,000 $1,078 3,524 R 3+/3.5 Decks, Patio 1-Garage 13 Rutland Sq. $4,200,000 $1,043 4,025 R 4/3.5 Patio 2-Outdoor
# Sales: 18 Average Sale Price: $2,760,111 Average Sale Price/SF: $954 Average Days On Market: 113 Key: AC (Average Condition) UR (Unrenovated) PR (Partially Renovated) R (Renovated) UK (Unknown) Land (Empty Lot)
