This month I will be highlighting year end sales data for the Boston condo market, Back Bay, South Boston, South End, Newton, Winchester, Wellesley, and Weston real estate markets. First up is the South Boston condo sales report.
In summary, average South Boston condos prices were up 4.3%, volume was down 4.5%, and the average days a property was on the market increased 7.3% in 2011. The only interesting number is the average price which was up year over year, and I expect to see that in many Boston suburbs and Boston condo markets.
January 1st - December 31st 2011
Condos Sold - 465
Average Price - $382,283
Avg. Days on Market - 102
January 1st - December 31st 2010
Condos Sold - 487
Average Price - $366,588
Avg. Days on Market - 95