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Boston Back Bay Condominium Housing Report Feb 2012

Larry Lawfer, Realtor®, I.R.E.S.: Real Estate Agent in Weston, MA

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Office: (972) 322-7776

Mobile: (972) 322-7776
Secondary: (781) 235-5590

The Boston Back Bay Condominium Housing Report Feb 2012 includes 210 listings in the Active, Under Agreement, Sold, Expired and Canceled categories. Lots of new listings came on the market to get the Spring season started. The Days on Market are coming down again and the mix is about right with the Active’s slightly longer on the market than the solds. The good news is that the Under Agreement listings are a lower DOM and them means next month the stats for the others should come down as well. Get your Condo priced right, get it staged to sell and get an agent who knows how to promote your property here on line. That is where the buyers are.

Condominium Active Listings: 159 Avg. Liv.Area SqFt: 1,621.70 Avg. List$: $1,781,825 Avg. List$/SqFt: $967 Avg. DOM: 147.53

Condominium Under Agreement Listings: 27 Avg. Liv.Area SqFt: 1,234.30 Avg. List$: $1,051,022 Avg. List$/SqFt: $807 Avg. DOM: 116.33

Condominium Sold Listings: 14 Avg. Liv.Area SqFt: 1,763.14 Avg. List$: $2,267,921 Avg. List$/SqFt: $1,063 Avg. DOM: 140.29 Avg. Sale$: $2,165,714 Avg. Sale$/SqFt: $1,012

Back Bay Condo for sale

We are in the 95%+ range for list price to sale price. This is not too bad. Listing prices are good and since it is still a buyers market with lots of inventory on the market ready for sale this forces the motivated seller to be realistic and take a slightly reduced value. Nothing wrong here. But looking at the expired listings I wonder why the DOM is 88.5. What agent is taking less than a 3 month listing agreement? Why would sellers be so dense to not give a professional a reasonable amount of time to sell a home. I make a 90 day guarantee and even that would be 2 days short of what is happening with the expired’s in Feb. Now that Spring is upon us, the Red Sox are in FL it is time to get this season started.

Condominium Expired Listings: 4 Avg. Liv.Area SqFt: 1,251.50 Avg. List$: $903,500 Avg. List$/SqFt: $724 Avg. DOM: 88.50

Condominium Canceled Listings: 6 Avg. Liv.Area SqFt: 1,370.17 Avg. List$: $1,349,983 Avg. List$/SqFt: $899 Avg. DOM: 198.00

Boston Real Estate Report February 2012

Robert Nichols: Real Estate Agent in Dorchester, MA

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Office: (800) 884-9056 x1

Mobile: (617) 448-5112

Based on the numbers it appears that Boston poised for a recovery. January 2012 saw a 5% decrease in value and a 3% increase volume. In addition Boston inventories are down 17% from a year ago. As volume increases the values will begin to rise. The pressure from low inventories is also pushing buyers to make offers very close to the listing price when the ideal property comes on the market. Buyers are "thirsty" for good deals, so you need to act quickly. This is further shown by looking at 2010 vs. 2011. Volume is slightly down by 6% (hence the low inventory) while values are up 5%.

List in MLS For Free With a Real Estate Consultant

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Office: (800) 884-9056 x1

Mobile: (617) 448-5112

MungoList.com is an innovative real estate listing service that enables you to sell your home for less in commissions and fees, by getting you the maximum exposure for free, and connecting you to a local real estate consultant that can provide real estate services to help you per your request. Here's how it works: As a seller, when you list your home on MungoList.com, your home will then be syndicated to multiple websites including MLS, Realtor.com, Zillow.com, Trulia.com and hundreds of other real estate websites. In addition to providing you with a wide range of exposure, we will also provide you with services to help you sell including a comparative pricing analysis, showing assistance, open house assistance, staging advice, photographing the property and much more. All services are provided at a rate of $50 per hour in Massachusetts. To learn more vist www.Mungolist.com.

295 Beacon Street Boston: New Listing For Sale!

David Laven: Real Estate Agent in Boston, MA

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Mobile: (617) 259-0235

295 Beacon Street Boston Unit 5 is now for sale! This stylish 1 bedroom condo is located in the heart of the Back Bay at the intersection of Beacon Street & Exeter. If you would like to learn more about 295 Beacon please visit the custom built site we made by hand for this listing @ www.295Beacon.com

If you are a seller looking for unique custom built marketing like this please call me, David Laven @ 617-259-0235

Top 10 Back Bay Boston Properties Of The Week!

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Mobile: (617) 259-0235

It's Sunday night so time to share my top 10 Back Bay Boston properties of the week. Please click on the links below to see more info on each of my picks. Also, if you would like more info on Back Bay Boston Real Estate or would like to check out one of these back bay homes please call me at 617-259-0235.

221 Columbus Ave, # 702, Boston, MA