South End Real Estate Market Report

Page 1

in sight South End

More for the South End.

The South End’s only village real estate report

FALL 2010

Sales slump as prices fall from height This quarter the South End saw the fewest sales of any 3rd quarter in the last 7 years. Prices, too, dipped below last year’s Q3 record high. 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

-

- 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

Why? A drop in new listings – 28 fewer units were listed this quarter – meant buyers had less to buy. Even though less supply meant more demand, fewer sales in the high end pushed the average price down.

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 South End Intra-market Reporting team: Justin Green, Owner & Broker

Chris Poulos, Director of Boston Sales

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

Over a decade, Chris has sold more than $85M of real estate and averaged 30+ transactions per year, making him one of the city’s top agents. With this experience, he now leads others as our Director of Boston Sales.

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.

Massachusetts Avenue, “South End South”

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


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:

13 closed

Highest: $1,400,000 Lowest:

$315,000

Average:

$590,192

“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:

4 closed

Highest: $1,200,000 Lowest:

$475,000

Average:

$753,125

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.

Quarterly snapshot:

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.

Quarterly snapshot:

Sales:

7 closed

Highest: $1,225,000 Lowest:

$209,493

Average:

$792,070

Sales:

22 closed

Highest: $1,895,000 Lowest:

$386,000

Average:

$932,281

“Easties” Quarterly snapshot: Sales:

7 closed

Highest: $1,825,000 Lowest:

$400,000

Average:

$685,321

“The Squares”

Quarterly snapshot: Sales: Lowest:

$219,000

Average:

$781,026

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.

31 closed

Q3 Average Values by Village

Highest: $2,500,000

“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.

Quarterly snapshot:

“Eight Streets” Quarterly snapshot:

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

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.

25 closed

Highest: $1,699,000 Lowest:

$280,000

Average:

$700,970

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.

Sales:

5 closed

Highest:

$640,000

Lowest:

$325,000

Average:

$424,600

Quarterly snapshot: Sales:

18 closed

Highest:

$1,160,00

Lowest:

$320,700

Average:

$577,232

“The Bookend” 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.

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.

Quarterly snapshot: Sales:

5 closed

Highest:

$479,000

Lowest:

$235,000

Average:

$378,000

Visit us: InRealtyInc.com Call us: 617-265-3500 Castle Square, Villa Victoria, Cathedral and the Boston Medical Center campus do not offer for-sale housing options.

Dorchester | South End | South Boston | Jamaica Plain | Roslindale | Representing all of Greater Boston Reporting on sales from July 1st – September 30th

Please recycle.


in sight South End

More for the South End.

The South End’s only village real estate report

FALL 2010

Sales slump as prices fall from height This quarter the South End saw the fewest sales of any 3rd quarter in the last 7 years. Prices, too, dipped below last year’s Q3 record high. 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

-

- 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

Why? A drop in new listings – 28 fewer units were listed this quarter – meant buyers had less to buy. Even though less supply meant more demand, fewer sales in the high end pushed the average price down.

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 South End Intra-market Reporting team: Justin Green, Owner & Broker

Chris Poulos, Director of Boston Sales

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

Over a decade, Chris has sold more than $85M of real estate and averaged 30+ transactions per year, making him one of the city’s top agents. With this experience, he now leads others as our Director of Boston Sales.

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.

Massachusetts Avenue, “South End South”

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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