Boston, Back Bay Condominium Market Report 2013

Boston, Back Bay Condominium Market Report 2013 had 652 houses that were on the market, sold, expired or canceled in 2013. This is enough condominiums in Back Bay for everyone to find and secure a great place to live in this wonderful and historic area of Boston. The Back Bay has held it’s values and has gained in some areas of the community. Filled with sports stars, celebrities, industry titans, students and regular families Boston’s Back Bay is a place you can find your Boston Area Move In Home. Take a look at these amazing numbers. Back Bay Condo for Sale Marlborough St on the right

Condominium Active Listings: 53    Avg. Liv.Area SqFt: 2,080.02     Avg. List$: $3,140,640    Avg. List$/SqFt: $1,319     Avg. DOM: 118.49

Condominium Under Agreement Listings: 25    Avg. Liv.Area SqFt: 1,645.00     Avg. List$: $2,024,712    Avg. List$/SqFt: $1,049     Avg. DOM: 66.80

Condominium Sold Listings: 474    Avg. Liv.Area SqFt: 1,260.25     Avg. List$: $1,271,435    Avg. List$/SqFt: $912     Avg. DOM: 58.71    Avg. Sale$: $1,227,562   Avg. Sale$/SqFt: $892

That is almost 500 condo’s sold in the Back Bay in a year. The were sold on average of less than 2 months. This is wonderful if you are planning to sell now that the Spring market is beginning to rumble.  A savvy Seller would want to be out in front of the Spring glut of homes if they wanted to get more attention.  More attention to your home brings more buyers and consequently more offers.  You want to be in a situation where you have more offers because that means you will get more money.  Be in front of this game and give me a call. 617 774 8292.  I can get it done faster and for more money, my statistics prove that. If your condo has been on the market for more than 90 days you are either overpriced or working with the wrong agent. There is no other explanation.

Condominium Expired Listings: 53    Avg. Liv.Area SqFt: 1,470.79     Avg. List$: $1,579,723    Avg. List$/SqFt: $1,008     Avg. DOM: 131.45

Condominium Canceled Listings: 47    Avg. Liv.Area SqFt: 1,721.89     Avg. List$: $1,919,517    Avg. List$/SqFt: $992     Avg. DOM: 115.21

So 100 condos went off the market and they were on there enough time to sell if they were marketed and priced correctly.  Not all agents are created equal. Look for the statistics of sales because all agents, well, mostly all agents talk a good game. The truly good agents prove they have game.