South End InSight Report

in sight South End The South End’s only village real estate report Quarter 1, 2010: January 1 - April 1

SPRING 2010

Buyers have returned, sellers are following The South End real estate market is showing strong signs of a recovery in the first quarter of 2010, following a strong decline in 2009.

While average and median sales prices are on the rise, values have still not returned to the highs seen in 2008. Looking beyond the data, there has been renewed optimism and increased activity in the neighborhood. Simply put, the buzz is back.

We saw buyers re-enter the market toward the end of 2009, and in the beginning of 2010, sellers have followed. In fact, the number of homes for sale indowntown Boston just passed the 1,000 unit mark.

This means that owners are more confident that they can find buyers, and buyers are enjoying ample choices this spring.

Median South End sale prices

Total number of South End sales

Visit us: InRealtyInc.com Call us: 617-265-3500 The new Just in Boston Properties

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

One neighborhood, fourteen villages.

“The Golden Triangle” Fronting the Back Bay, this area features some of the highest values in the South End. In addition to brownstones, the housing stock includes some of the South End’s most luxurious new developments.

“SoWa” Quarterly snapshot: Sales:

One of Boston’s greatest urban success stories, the lively and eclectic SoWa loft district arose from a sea of under-utilized and vacant warehouse buildings.

9 closed

Highest: $1,700,000 Lowest:

$435,000

Average:

$856,220

“Columbus North” The streets and housing stock in this village closely mimic those in the Back Bay, with several single family homes nestled among converted condominium brownstones.

“South End Central” The name says it all. This is the heart of the South End, with brick-lined streets and a large collection of quintessential, Victorian South End brownstones.

Sales:

1 closed

Highest:

$765,000

Lowest:

$765,000

Average:

$765,000

This village features direct access to the bustle of Tremont Street’s Restaurant Row, but on quiet, brick-lined streets. Boston Magazine named Waltham Street one of the best streets to live in the state.

Highest:

$820,000

Lowest:

$380,000

Average:

$539,110

Quarterly snapshot: Sales:

9 closed

Highest:

$900,000

Lowest:

$442,000

Average:

$657,960

“Easties” Quarterly snapshot: Sales:

Home to Boston Medical Center, this area features some of the best values in the South End. In addition to a great place to live, the medical students and staff provide a steady pool of renters to investors.

5 closed

Highest:

$737,000

Lowest:

$300,000

Average:

$500,560

“The Squares”

Quarterly snapshot: Sales: Lowest:

$206,000

Average:

$719,870

Quarterly snapshot: Sales:

This village is home to the South End’s most-historic parks – Worcester, Blackstone and Franklin Squares. The Penmark is a new, luxury development that has helped to redefine this historic area.

12 closed

Q1 Average Values by Village

Highest: $1,750,000

“South End South” Similar to South End Central, this is a stable area with potential for long-term growth. The housing stock here provides greater value to buyers and more investment opportunities.

7 closed

“Eight Streets” Quarterly snapshot:

“Columbus South” This village is similar and look and feel to the neighboring streets to the north, yet offer buyers better value for their money.

Quarterly snapshot: Sales:

15 closed

Highest: $1,150,000 Lowest:

$305,000

Average:

$702,880

The South End isn’t one, homogeneous neighborhood – it’s a collection of distinct and unique urban villages. That’s why our proprietary Intra-market Reporting is different than typical real estate reports.

Quarterly snapshot: Sales:

5 closed

Highest: $1,873,000 Lowest:

$327,000

Average:

$575,000

Quarterly snapshot: Sales:

8 closed

Highest:

$770,000

Lowest:

$487,000

Average:

$651,125

“The Bookend”

We look inside each market to uncover the nano-trends that escape broader analysis.

Our agents study buyer patterns within the South End and cross-check these trends with quarterly sales data.

Visit us: InRealtyInc.com Call us: 617-265-3500 The new Just in Boston Properties

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

This village stretches along the southwestern edge of Massachusetts Avenue. Handsome brownstones and larger, Victorian-era apartment houses offer investors and buyers some of the best values in the South End.

Quarterly snapshot: Sales:

7 closed

Highest:

$460,000

Lowest:

$105,000

Average:

$297,060

Castle Square, Villa Victoria, Cathedral and the Boston Medical Center campus do not offer for-sale housing options.

More for the South End.

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 the South End itself.

More For Sellers

More For Buyers

More For Renters

More For Owners

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- 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

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

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

Visit us: InRealtyInc.com Call us: 617-265-3500 The new Just in Boston Properties

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

More knowledge. Meet the South End Intra-market reporting team: Justin Green, Owner & Broker 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”.

John A. Keith, South End Manager John is a well-known expert on downtown real estate, often quoted in national and local media. He currently co-writes the Boston Herald’s “Getting Real” real estate blog, and is a long-time resident of the South End.

Nadine Fallon, Statistical Analyst/Broker 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.