Jamaica Plain Real Estate Market InSight Report 2010 Q3

Page 1

in sight Jamaica Plain

More for Jamaica Plain

JP’s only village real estate report

FALL 2010

Highest Q3 prices in a decade JP prices skyrocketed to the highest they have been in any other 3rd quarter in the last 10 years. At the same time, we saw the least number of sales of any 3rd quarter in a decade. Why?

At In Realty, we’ve built our success by offering more services, embracing new technology and providing market-leading knowledge and insight. In a market crowded with nationally branded sales mills, our local, boutique approach to customer service is as unique as JP itself. More For Sellers

More For Buyers

More For Renters

More For Owners

-

- Cash back at closing - Intra-market statistics - Paperless transactions - Design consultation

- Credit cards for deposits & fees - Sortable listings - More pictures per listing - More no-fee options

-

Free in-house staging Credit card payments Professional photos Enhanced online listings

Much of the supply was sold before tax-credits expired in June. With less supply, prices went up. More importantly, the lowest interest rates since Eisenhower was President motivated sales in the higher end and pushed up average prices.

Online Reporting Guaranteed postings Enhanced listings Award-winning staff 24-hour on-call service

Sale Prices

Visit us: InRealtyInc.com Call us: 617-265-3500 Number of Sales Dorchester | South End | South Boston | Jamaica Plain | Roslindale | Representing all of Greater Boston

More knowledge. Meet the JP Intra-market Reporting team: Justin Green, Owner/Broker

Ed Desilets, JP/Roslindale Manager

Justin is one of Boston’s leading real estate agents, widely recognized for his use of new technologies and services to assist his clients. Boston Magazine recently named him one of Boston’s Top Ten “Power Brokers.”

Nadine Fallon, Statistical Analyst/Broker

Ed is a well established veteran who specializes in representing the Jamaica Plain and Roslindale markets. With his expertise in these areas, he determined the micro-markets we would feature and cowrites this report.

Prior to her real estate career, Nadine analyzed raw data at a Fortune 500 firm to uncover and report sales trends. Today, she uses her statistical skills to create our Intra-market Reports throughout Greater Boston.

Pond Street, “Moss Hill”

Visit us: InRealtyInc.com Call us: 617-265-3500

Chris Poulos

Dave Gaviglio

Jamie Iacoi

Brian Leverone

TJ Galanos

Director of Boston Sales

Sales & Rentals

Sales & Rentals

Director of Property Management

Rentals

Mike Panagako Eric Gaudet

John Kinney

Marketing Director

Sales & Rentals

Rentals

Dorchester | South End | South Boston | Jamaica Plain | Roslindale | Representing all of Greater Boston


Reporting on sales from July 1st – September 30th

One neighborhood, ten villages “Brookside”

“Parkside” T

Quarterly snapshot:

$217,000

Average:

$451,750

St nd Po

“P

Lowest:

$185,000

Average:

$276,645

St Ce ntr e

e”

Columbus Ave

T

Bussey St

“Forrest Hi Hills” Ave Hyde Pa rk

” ne ur

$422,838

. St ll Hi

Average:

k al

$221,500

o db

Highest: $1,050,000 Lowest:

W

Quarterly snapshot:

17 closed

oo

Secluded and expansive hillside residences, often in the multi-million dollar range, tucked just away from the pond and next to the Arnold Arboritum.

Sales:

Central to center street and well known for its hill-set homes overlooking the Arnold Arboritum.

Quarterly snapshot:

28

“W

Quarterly snapshot:

Quarterly snapshot:

Arnold Arboretum

“Hyde Square” Both flat and hilly residential side streets with all types of homes spill into a vibrant, eclectic neighborhood full of unique restaurants, ethnic markets and a variety of shops.

On one side, Centre Street. On the other, JP’s waterfront on Jamaica Pond complete with boathouse. In between, tree-lined side streets full of beautiful homes in a wide range of values.

Am

an eric

Sales:

3 closed

Highest:

$379,000

Lowest:

$226,000

Average:

$328,000

Sales:

18 closed

Highest

$1,470,000

Lowest:

$193,000

Average:

$608,615

“South Street”

r

$415,000

t nS to or

6 closed

Highest:

T

Franklin Park

Quarterly snapshot:

M

Sales:

203

All and ale St

28

it D rcu Ci

Ar bo rw ay

Quarterly snapshot:

Winding hillside homes and notable landmarks with easy access to the Forrest Hills T and walking trails part of the Forrest Hills Cemetery.

th St

“Forrest Hills”

“Sumner Hill” South St.

s o s l” “M Hil

T

“Sou

Jamaica Hills Pond

o

Just behind Washington Street, tucked in the hills abutting the green space of Franklin Park, offering residents endless trails to roam just outside their doors.

“Pondside”

Forrest Hills St.

Lowest:

si nd

ory St

$565,000

Am

4 closed

Highest:

Sales:

” de

T

t on es ” gl re “ E qua S

Quarterly snapshot:

Jamaica Pond

y Jamaica Wa

Francis Parkam Dr

“Egleston Square” Bordering Roxbury and close to the South End, a neighborhood of diverse shops and some more affordable real estate options.

T

Perkin s St

ok sid

$384,132

ro

Average:

“P ar ks id e

$107,000

“B

Lowest:

“Hyde Square”

as hi ng to nS t.

$650,000

S. Huntington Ave

19 closed

Highest:

W

Sales:

He ath St

Cen tre St

Beautiful hilly area dotted with side street shops, walking distance to the T and home to many artists.

y Hw ion Leg

Sales:

11 closed

Highest:

$515,000

Lowest:

$239,000

Average:

$368,456

“Sumner Hill” A winding hill rich with a diversity of architectural gems in the middle of JP itself and central to everything it has to offer.

Quarterly snapshot: Sales:

9 closed

Highest: $1,300,000 Lowest:

$220,000

Average:

$513,322

Q3 Average Values by Market

“Moss Hill”

“Woodbourne” Sales:

6 closed

Highest: $1,190,000 Lowest:

$474,000

Average:

$798,500

JP isn’t one homogeneous neighborhood – it’s a collection of many unique villages, each with their own distinct feel, and their own sales trends.

A more suburban setting of mostly single family homes and condos for those that want to get away from it all and still be right there.

Quarterly snapshot: Sales:

9 closed

Highest:

$760,000

Lowest:

$260,000

Average:

$386,828

Our proprietary Intra-market Reporting is different than typical real estate reports. We look inside each market to uncover the nano-trends that escape broader analysis.

Visit us: InRealtyInc.com Call us: 617-265-3500 Please recycle.

Dorchester | South End | South Boston | Jamaica Plain | Roslindale | Representing all of Greater Boston


in sight Jamaica Plain

More for Jamaica Plain

JP’s only village real estate report

FALL 2010

Highest Q3 prices in a decade JP prices skyrocketed to the highest they have been in any other 3rd quarter in the last 10 years. At the same time, we saw the least number of sales of any 3rd quarter in a decade. Why?

At In Realty, we’ve built our success by offering more services, embracing new technology and providing market-leading knowledge and insight. In a market crowded with nationally branded sales mills, our local, boutique approach to customer service is as unique as JP itself. More For Sellers

More For Buyers

More For Renters

More For Owners

-

- Cash back at closing - Intra-market statistics - Paperless transactions - Design consultation

- Credit cards for deposits & fees - Sortable listings - More pictures per listing - More no-fee options

-

Free in-house staging Credit card payments Professional photos Enhanced online listings

Much of the supply was sold before tax-credits expired in June. With less supply, prices went up. More importantly, the lowest interest rates since Eisenhower was President motivated sales in the higher end and pushed up average prices.

Online Reporting Guaranteed postings Enhanced listings Award-winning staff 24-hour on-call service

Sale Prices

Visit us: InRealtyInc.com Call us: 617-265-3500 Number of Sales Dorchester | South End | South Boston | Jamaica Plain | Roslindale | Representing all of Greater Boston

More knowledge. Meet the JP Intra-market Reporting team: Justin Green, Owner/Broker

Ed Desilets, JP/Roslindale Manager

Justin is one of Boston’s leading real estate agents, widely recognized for his use of new technologies and services to assist his clients. Boston Magazine recently named him one of Boston’s Top Ten “Power Brokers.”

Nadine Fallon, Statistical Analyst/Broker

Ed is a well established veteran who specializes in representing the Jamaica Plain and Roslindale markets. With his expertise in these areas, he determined the micro-markets we would feature and cowrites this report.

Prior to her real estate career, Nadine analyzed raw data at a Fortune 500 firm to uncover and report sales trends. Today, she uses her statistical skills to create our Intra-market Reports throughout Greater Boston.

Pond Street, “Moss Hill”

Visit us: InRealtyInc.com Call us: 617-265-3500

Chris Poulos

Dave Gaviglio

Jamie Iacoi

Brian Leverone

TJ Galanos

Director of Boston Sales

Sales & Rentals

Sales & Rentals

Director of Property Management

Rentals

Mike Panagako Eric Gaudet

John Kinney

Marketing Director

Sales & Rentals

Rentals

Dorchester | South End | South Boston | Jamaica Plain | Roslindale | Representing all of Greater Boston


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