Market Insights
2023 FIRST QUARTER BOSTON
A L ET T ER FROM OUR ChiefExecutiveOfficer
No matter the market, one thing that stays steady is the expertise of our associates.
Throughout my more than 20-year career in the industry, I?ve learned that change in real estate is constant.
Gibson Sotheby?s International Realty was born in 2006, a time when the future of real estate was uncertain, and we grew to become the market leader in spite of that When the pandemic spread to alter nearly every facet of life, helping our clients safely live their best and fullest lives guided everything we did. Today? as interest rates climb and inventory is lacking? we face similar questions: Do we rise to the occasion? Or do we surrender to the challenge?
Our associates are always adapting, persevering, and providing crucial support and compassion to the thousands of people who need to make a move this year. That?s nothing new And in shifting markets, that?s one thing that will never change There has never been a better time to work with a trusted real estate professional,and we?re ready to guide you with the highest levels of experience,stability,and expertise
Colleen Barry, CEO
Gibson Sotheby's International Realty
Nicole Rideout Hartwick Chief Strategy Officer
Gibson Sotheby?s International Realty
Family values and a culture of support are essential to our company ethos
REA D M ORE I N T H E J UN E I SSUE OF RI SM EDI A
Relationshipsareat theveryheart ofourbusiness.Theyalwayshave been,andtheyalwayswillbe.
BackBay
SINGLE FAM ILY
L I ST I N GS TA K EN
Q12023
2 (+100% YOY)
Q12022
1
M EDI A N DAYS ON M A RK ET
Q12023 0 (-100% YOY)
Q12022
199
M EDI A N SA L E PRI CE
Q12023 0 (-100% YOY)
Q12022
$4,075,000
SOL D L I ST I N GS
Q12023 0 (-100% YOY)
Q12022
1
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
1Fairfield Street, Back Bay
Source: MLSpin
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
380 Beacon Street, Unit 1, Back Bay
Source: MLSpin
BackBay
CONDOM INIUM S
L I ST I N GS TA K EN
Q12023
130 (+5% YOY)
Q12022
124
M EDI A N DAYS ON M A RK ET
Q12023
67 (+8% YOY)
Q12022
62
M EDI A N SA L E PRI CE
Q12023
$1,762,000 (+5% YOY)
Q12022
$1,675,000
SOL D L I ST I N GS
Q12023
44 (-41% YOY)
Q12022
75
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
69 Church Street, Unit 3, Bay Village
Source: MLSpin
CONDOM INIUM S
Q12023 0 (-100% YOY) Q12022 4 L I ST I N GS TA K EN Q12023 N/ A Q12022 N/A M EDI A N DAYS ON M A RK ET Q12023 0 (0% YOY) Q12022 0 SOL D L I ST I N GS Q12023 N/ A Q12022 N/A M EDI A N SA L E PRI CE BayVillage
BeaconHill
SINGLE FAM ILY
L I ST I N GS TA K EN
Q12023
8 (-11% YOY)
Q12022
9
M EDI A N DAYS ON M A RK ET
Q12023
65 (-29% YOY)
Q12022
91
M EDI A N SA L E PRI CE
Q12023
$3,675,000 (+15% YOY)
Q12022
$3,197,500
SOL D L I ST I N GS
Q12023
4 (-50% YOY)
Q12022
8
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
62 Mount Vernon Street, Beacon Hill
Source: MLSpin
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
95 Beacon Street, Unit 6, Beacon Hill
Source: MLSpin
BeaconHill
CONDOM INIUM S
L I ST I N GS TA K EN
Q12023
51(-24% YOY)
Q12022
67
M EDI A N DAYS ON M A RK ET
Q12023
40 (-40% YOY)
Q12022
67
M EDI A N SA L E PRI CE
Q12023
$1,062,500 (+25% YOY)
Q12022
$848,875
SOL D L I ST I N GS
Q12023
18 (-25% YOY)
Q12022
24
WhiteGlove
Gibson Sotheby?s International Realty?s White Glove program is designed to provide luxurious and comprehensive home preparation services with professional project management and no upfront costs. White Glove offers our clients value at every stage of the home selling or buying process with an exclusive suite of seamless services powered by Zoom Casa.
Curious to learn more? Contact us today.
LUX URY B EGI N S WI T H SERVI CE
Charlestown
SINGLE FAM ILY
L I ST I N GS TA K EN
Q12023
17 (-32% YOY)
Q12022 25
M EDI A N DAYS ON M A RK ET
Q12023
12 (-48% YOY)
Q12022 23
M EDI A N SA L E PRI CE
Q12023
$1,690,000 (+29% YOY)
Q12022
$1,308,750
SOL D L I ST I N GS
Q12023 7 (+17% YOY)
Q12022
6
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
42 Green Street, Charlestown
Source: MLSpin
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
42 High Street, Unit 7, Charlestown
Source: MLSpin
Charlestown
CONDOM INIUM S
L I ST I N GS TA K EN
Q12023
39 (-37% YOY)
Q12022
62
M EDI A N DAYS ON M A RK ET
Q12023
41(+52% YOY)
Q12022
27
M EDI A N SA L E PRI CE
Q12023
$931,250 (+14% YOY)
Q12022
$817,500
SOL D L I ST I N GS
Q12023
22 (-21% YOY)
Q12022
28
Dorchester
SINGLE FAM ILY
L I ST I N GS TA K EN
Q12023
13 (-32% YOY)
Q12022 19
M EDI A N DAYS ON M A RK ET
Q12023
28 (+47% YOY)
Q12022
19
M EDI A N SA L E PRI CE
Q12023
$752,500 (+10% YOY)
Q12022
$685,000
SOL D L I ST I N GS
Q12023
10 (+11% YOY)
Q12022 9
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
9 Caspian Way, Dorchester
Source: MLSpin
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
27 Saxton Street, Unit 1, Dorchester
Source: MLSpin
Q12023
Q12023
$589,000
Q12022
$542,500
Q12022
70 (-5% YOY)
74 L I ST I N GS TA K EN
Q12023
Q12022
38 (-21% YOY)
48 M EDI A N DAYS ON M A RK ET
Q12022
YOY)
Q12023 27 (-52%
56 SOL D L I ST I N GS
(+9% YOY)
M EDI A N SA L E PRI CE
Dorchester CONDOM INIUM S
East Boston
SINGLE FAM ILY
L I ST I N GS TA K EN
Q12023
2 (-33% YOY)
Q12022
3
M EDI A N DAYS ON M A RK ET
Q12023
140 (+119% YOY)
Q12022
64
M EDI A N SA L E PRI CE
Q12023
$400,000 (-39% YOY)
Q12022
$656,000
SOL D L I ST I N GS
Q12023
1(-50% YOY)
Q12022
2
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
602 Saratoga Street, East Boston
Source: MLSpin
288 Marginal Street, Unit 4, East Boston
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
Source: MLSpin
East Boston
CONDOM INIUM S
L I ST I N GS TA K EN
Q12023
36 (-57% YOY)
Q12022
83
M EDI A N DAYS ON M A RK ET
Q12023
70 (+37% YOY)
Q12022
51
M EDI A N SA L E PRI CE
Q12023
$584,500 (-5% YOY)
Q12022
$614,000
SOL D L I ST I N GS
Q12023
26 (-37% YOY)
Q12022
41
Midtown
CONDOM INIUM S
L I ST I N GS TA K EN
Q12023
71(+51% YOY)
Q12022
47
M EDI A N DAYS ON M A RK ET
Q12023
110 (+36% YOY)
Q12022
81
M EDI A N SA L E PRI CE
Q12023
$1,500,000 (-7% YOY)
Q12022
$1,605,000
SOL D L I ST I N GS
Q12023
11(-45% YOY)
Q12022
20
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
1Franklin Street, Unit 4906, Midtown
Source: MLSpin
471Hanover Street, Unit 2, North End
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
Source: MLSpin
NorthEnd
CONDOM INIUM S
L I ST I N GS TA K EN
Q12023
19 (-30% YOY)
Q12022
27
M EDI A N DAYS ON M A RK ET
Q12023
23 (-76% YOY)
Q12022
94
M EDI A N SA L E PRI CE
Q12023
$785,000 (+52% YOY)
Q12022
$517,000
SOL D L I ST I N GS
Q12023
11(+57% YOY)
Q12022
7
RealScout
RealScout is the industry's #1collaborative home search app. Our clients rave about this innovative, mobile-friendly search tool! Want to try the future of the home buying search process? Contact our team to get started today.
FI N D A H OM E YOU LOVE WI T H
Seaport
CONDOM INIUM S
L I ST I N GS TA K EN
Q12023
68 (-8% YOY)
Q12022
74
M EDI A N DAYS ON M A RK ET
Q12023
27 (-33% YOY)
Q12022
40
M EDI A N SA L E PRI CE
Q12023
$1,400,000 (+2% YOY)
Q12022
$1,375,000
SOL D L I ST I N GS
Q12023
11(-78% YOY)
Q12022
49
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
500 Atlantic Avenue, Unit 16K, Seaport
Source: MLSpin
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
W 3rd Street, South Boston
112
Source: MLSpin
SouthBoston
SINGLE FAM ILY
L I ST I N GS TA K EN
Q12023
16 (+7% YOY)
Q12022
15
M EDI A N DAYS ON M A RK ET
Q12023
69 (-6% YOY)
Q12022
73
M EDI A N SA L E PRI CE
Q12023
$775,000 (-4% YOY)
Q12022
$810,000
SOL D L I ST I N GS
Q12023
7 (-22% YOY)
Q12022 9
SouthBoston
CONDOM INIUM S
L I ST I N GS TA K EN
Q12023
128 (-23% YOY)
Q12022
167
M EDI A N DAYS ON M A RK ET
Q12023
55 (+41% YOY)
Q12022
39
M EDI A N SA L E PRI CE
Q12023
$790,500 (-3% YOY)
Q12022
$817,500
SOL D L I ST I N GS
Q12023
64 (-24% YOY)
Q12022
84
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
141Dorchester Avenue, Unit 102, South Boston
Source: MLSpin
371Shawmut Avenue, South End
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
Source: MLSpin
SouthEnd
SINGLE FAM ILY
L I ST I N GS TA K EN
Q12023
12 (+100% YOY)
Q12022
6
M EDI A N DAYS ON M A RK ET
Q12023
89 (-37% YOY)
Q12022
141
M EDI A N SA L E PRI CE
Q12023
$5,772,500 (+52% YOY)
Q12022
$3,806,250
SOL D L I ST I N GS
Q12023
2 (0% YOY)
Q12022
2
SouthEnd
CONDOM INIUM S
L I ST I N GS TA K EN
Q12023
145 (-51% YOY)
Q12022
295
M EDI A N DAYS ON M A RK ET
Q12023
44 (+33% YOY)
Q12022
33
M EDI A N SA L E PRI CE
Q12023
$1,150,000 (+24% YOY)
Q12022
$930,000
SOL D L I ST I N GS
Q12023
64 (-34% YOY)
Q12022 97
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
201W Brookline Street, Unit 202, South End
Source: MLSpin
2 0 2 3 | 1ST QUA RT ER M A RK ET I N SI GH TS
39 Commercial Wharf, Unit 8, Waterfront
Source: MLSpin
Waterfront
CONDOM INIUM S
L I ST I N GS TA K EN
Q12023
52 (+2% YOY)
Q12022
51
M EDI A N DAYS ON M A RK ET
Q12023
52 (+18% YOY)
Q12022
44
M EDI A N SA L E PRI CE
Q12023
$1,425,000 (+48% YOY)
Q12022
$965,000
SOL D L I ST I N GS
Q12023
13 (-48% YOY)
Q12022
25
DI SCOVER T H E EASE OF
Deposit Link
DepositLink is a simple, secure and efficient way for real estate companies and escrow holders to collect earnest money deposits and commissions electronically through the ACH network.
DepositLink is a Game Changer
- With Same Day ACH,payments clear in less than 24 hours
- Safely request deposits and commissions from anywhere
- Securely connect to more than 16,000 banks and credit unions nationwide
- Unique workflows and reporting for sales and rentals
- Divide payments among multiple buyers or tenants
- Track the status of transfers in real-time with your phone
- Issue refunds and co-broke payments electronically in seconds
Security is Our #1Priority
- We NEVERsave or store any banking info
- Clients?contact information is NEVERshared
- Bank-level 256-bit key data encryption
- Two-factor authentication login
- 2-step identity and account verification
Lookingformoreinsights?Contact ourteam.
Arlington
1010 Massachusetts Avenue
Arlington,MA 02476
781648 3500
Back Bay
277 Dartmouth Street
Boston,MA 02116
617.375.6900
Beacon Hill
66 Beacon Street Boston,MA 02108
857310 5628
Brewster
2404 Main Street
Brewster,MA 02631
508 896 5000
Cambridge
1008 Massachusetts Avenue
Cambridge,MA 02138
617945 9161
1762 Massachusetts Avenue Cambridge,MA 02140
617864 9779
Charlestown
20 City Square
Charlestown,MA 02129
617.242.4222
Chatham 409 Main Street
Chatham,MA 02633
508 945 0000
Cohasset
1South Main Street
Cohasset,MA 02025
781.383.8835
Dennis
563 Route 6A
Dennis,MA 02638
508 385 4944
Harwich Port
587 Route 28
Harwich Port,MA 02646
508 432 6100
Hingham
15 Shipyard Drive 1A
Hingham, MA 02043
781749 8833
Manchester-by-the-Sea
21Central Street
Manchester,MA 01944
987526 0243
Needham
936 Great Plain Avenue
Needham, MA 02492
781444 8383
Newburyport
19 Green Street
Newburyport,MA 01950
978 255 3569
North End | Waterfront
2 Baldwin Place
Boston,MA 02109
6172271000
Orleans
6 Route 6A
Orleans,MA 02653
508 255 6000
Provincetown
168 Commercial Street
Provincetown, MA 02657
508 4872430
Savin Hill
119 Savin Hill Avenue
Boston,MA 02125
617825 0800
South Boston
141Dorchester Avenue,#R102
Boston,MA 02127
617482 9200
South Dartmouth 384 Elm Street
South Dartmouth, MA 02748 781.749.8833
South End 556 Tremont Street
Boston,MA 02118
617426 6900
Sudbury
420A Boston Post Road
Sudbury,MA 01776
978 443 8484
Wellesley 54 Central Street
Wellesley,MA 02482
7812378181
Weston 544 Boston Post Road
Weston,MA 02493
781894 8282
Westwood 745 High Street
Westwood,MA 02090
781329 8008
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