Luxury condo sales in Back Bay Boston are on track to be ahead of last year. While the overall market is slightly down from last year, sales of condos costing 1 million or more are actually up slightly from last year. Sales between the first of the year and September 1st in the overall market are off 3% from last year during the same time period.  As we being the fall sales market it will be interesting to see if both numbers continue along their current paths or if we’ll see changes big changes in volume estimates.

The negativity about what’s currently going on in the housing market on the nightly news needs to stop! The major problem with it, real estate is local! So, what might be true in Miami isn’t necessarily true in Boston. Take a look at this video to see what’s really going on in Boston’s Back Bay when it comes to housing.

Studio Charts:

1 Bed Charts

2 Bed Charts

3 Bed Plus Charts

The market data makes some interesting points this month. If you live in the Back Bay or South End, you’re seeing a sizable jump in the price/ft. but in Beacon Hill there was a large decrease. So if you were thinking about selling last year but were scared, don’t wait this one out because there are buyers out there and willing to pay more!

Back Bay 2010
3 Condo’s sold
Avg. Sale Price: $2,588,000
Avg. Price/Ft: $985.07

Back Bay 2009
5 Condo’s Sold
Avg. Sale Price: $1,345,900
Avg. Price/Ft: $836.83

Beacon Hill 2010
3 Condo’s Sold
Avg. Sale Price: $1,133,592
Avg. Price/Ft: $697.45

Beacon Hill 2009
3 Condo’s Sold
Avg. Sale Price: $3,483,333
Avg. Price/Ft: 1009.20

South End 2010
9 Condo’s Sold
Avg. Sale Price: $ $668,239
Avg. Price/ft: $618.63

South End 2009
7 Condo’s Sold
Avg. Sale Price: $564,143
Avg. Price/ft: $570.03

The market data speaks for itself here. Condos in Boston’s top neighborhoods are moving and they are moving for more than last year. If you were thinking about selling last year but were scared, don’t wait this one out because there are buyers out there!

Back Bay 2010
15 Condo’s sold
Avg. Sale Price: $1,979,553
Avg. Price/Ft: $1137

Back Bay 2009
7 Condo’s Sold
Avg. Sale Price: $1,255,929
Avg. Price/Ft: $946

Beacon Hill 2010
4 Condo’s Sold
Avg. Sale Price: $453,000
Avg. Price/Ft: $694

Beacon Hill 2009
0 Condo’s Sold

South End 2010
12 Condo’s Sold
Avg. Sale Price: $542,042
Avg. Price/ft: $596

South End 2009
2 Condo’s Sold
Avg. Sale Price: $370,000
Avg. Price/ft: $523

First 10 days of February 2010 market data:

Back Bay 2010
11 Listings Sold
Avg. Sale Price: $1,705,818
Avg. Price/ft: $1,010

Back Bay 2009
3 Listings Sold
Avg. Sale Price: $1,804,632
Avg. Price/ft: $1,115

Beacon Hill 2010
2 Listings Sold
Avg. Sale Price: $393,500
Avg. Price/ft: $766

Beacon Hill 2009
0 Listings Sold
Avg. Sale Price:
Avg. Price/ft:

It would seem that buyers are looking sooner this year than last year. Prices might be down slightly but inventory is moving.

January has come and gone, now it’s time to look back  and see what happened in Back Bay and Beacon Hill sales. It’s looking pretty positive for the most part, but certainly looking better for Back Bay owners than Beacon Hill owners if you need to get your home sold.

Back Bay 2010
23 Condos Sold
Avg. Sale Price: $1,196,326
Avg. Price/ft: $960

Back Bay 2009
10 Condos Sold
Avg. Sale Price: $1,245,050
Avg. Price/ft: $871

Beacon Hill 2010
4 Condos Sold
Avg. Sale Price: $1,358,125
Avg. Price/ft: $1035

Beacon Hill 2009
6 Condos Sold
Avg. Sale Price: $280,500
Avg. Price/ft: $654

Since it’s now 2010 or Twenty Ten, I thought it would be a good idea to see what happened in Boston condo market in the first 10 days of the new decade.

Back Bay Condos:
6 New Listings with (4/6 under $550k)
5 Under Agreement (3/5 over $1 Million)
6 Sold (3/6 under $400k 2/6 over 1.3 Million)

Beacon Hill Condos:
0 New Listings
3 Under Agreement (List Prices from $339k-$1.25 Million)
1 Sold ($827,500)

South End Condos:
2 New Listings ($335k and $699k)
3 Under Agreement (List Prices from $300k to $750k)
1 Sold ($300k)

My Take: Back Bay continues to be where the action is. It’s where the highest number of new homes on the market are located and where the highest priced sales are happening. There are higher priced homes on Beacon Hill than in Back Bay but more of them seem to be selling in Back Bay.