Title /blog/category/market-reports-1/?format=rss A blog feed. en-US Thu, 12 Apr 2018 18:04:42 -0400 Boston Market Update: Aspirational Pricing, Bid Wars & Everything In Between https://www.campionre.com/blog/posts/2018/04/12/boston-market-update-will-the-growth-last/ <p style="text-align: right;"><img src="https://s3.amazonaws.com/files.usmre.com/6119/blog/Campion%20report%20logo.png" style="width: 200px; height: 62px; float: left;" class="featured"></p> <p>&nbsp;</p> <p>&nbsp;</p> <p>Here we will take a closer look at first quarter sales activity in the following neighborhoods:&nbsp;Back Bay, Beacon Hill, Fenway, Midtown, North End, Seaport, South End, Waterfront, West End. Select neighborhoods are reporting record&nbsp;prices,&nbsp;both in terms of selling prices and prices per square foot (largely achieved by the delivery of brand new luxury developments), but a decrease in the overall pace of sales may be a sign that&nbsp;we are heading toward a cooling period&nbsp;from the growth that has dominated the&nbsp;past 6 years or so.&nbsp;</p> <p>Comparing the&nbsp;first quarters of 2018 to 2017 (including all condominium and co-op price points):</p> <ul> <li>the number of&nbsp;<strong>closings was down 10%</strong>&nbsp;from last year</li> <li>the number of properties being put&nbsp;<strong>under agreement&nbsp;was down 16%</strong>&nbsp;from last year</li> </ul> <p>Since 2018&#39;s first quarter saw fewer new listings than both 2017 and 2016,&nbsp;limited inventory is one explanation for&nbsp;the&nbsp;decrease in sales. In a limited inventory market,&nbsp;days on market statistics typically remain low, as has been the case in recent years. But for the properties that have sold in Q1 2018 compared to last year, days on market is actually up over 15%. Now, even with fewer listings to choose from and compete for, buyers are taking more time to watch&nbsp;the market. Whether it is due to&nbsp;expectations of rising interest rates, anxieties over the current political climate, or concerns if we&rsquo;ve already reached a high point in the cyclical nature of the market,&nbsp;Boston&#39;s buyers are increasingly wary of overpaying.&nbsp;</p> <h3>An era of aspirational pricing?&nbsp;</h3> <p>Buyers are especially taking their time in the top of the market, a segment dominated by boutique and large-scale new developments of Boston&rsquo;s recent building boom.&nbsp;&nbsp;In the last few years, developers have been able to command premiums for their product&nbsp;by offering superior product and superior services in high-demand downtown locations (all this in the face of rising construction costs).&nbsp;The term,&nbsp;&ldquo;aspirational pricing,&rdquo;&nbsp;has been gaining ground&nbsp;for&nbsp;listings that have been priced at dramatic premiums above current market conditions. In a softening luxury market, the question stands if the &ldquo;aspirational&rdquo; pricing of developers reflects conditions of the years past more so than the current reality.&nbsp;Some aspirations will continue to be realized -&nbsp;albeit with longer market time -&nbsp;if true value is realized in the location, views, finishes and amenities the&nbsp;property&nbsp;offers.</p> <p>Others will be left to sit on the market.&nbsp;</p> <p>In the first quarter, only seven properties closed above $5million citywide while twenty-six remain active on the market.&nbsp;It took an average of 48 more days for these properties to sell than all others priced&nbsp;below $5million.</p> <p>In other segments of the market, would-be buyers do not have the luxury of being overly price conscious.&nbsp;Specific areas and price points have and will continue to draw&nbsp;<a href="https://www.campionre.com/blog/posts/2018/01/09/over-ask-in-2017-back-bay/">bid wars and over-asks</a>&nbsp;immediately once a property is listed. This is especially the case&nbsp;regarding properties in or below the $1million to $2million range, even more so if they include multiple bedrooms. A common formula stands for these types of properties: list the property mid week; hold open houses and private shows through the weekend; collect bids early in the following week. Because of the intense appeal of Boston among a wide range of clientele &ndash; from suburban empty nesters to young urban professionals to international investors &ndash;&nbsp;this formula is likely to hold.</p> <p>Sources: LINK; MLS</p> Boston Real Estate News Market Reports Thu, 12 Apr 2018 18:04:42 -0400 Average Price Per Square Foot by Neighborhood in Boston https://www.campionre.com/blog/posts/2018/04/12/average-price-per-square-foot-by-neighborhood-in-boston-1/ <p>This snapshot provides&nbsp;average asking prices&nbsp;per square foot in 13 Boston neighborhoods. The prices listed are&nbsp;for the first quarter&nbsp;of 2018, below which are the percent changes from&nbsp;the same period last year.&nbsp;</p> <p>For the neighborhoods in this analysis&mdash;which does not include all of the neighborhoods of Boston&mdash;the overall price range&nbsp;for the city through the first 3 months of 2018&nbsp;ranges from $510&nbsp;per square foot in East Boston&nbsp;to $1,528 per square foot in Beacon Hill, where boutique luxury developments have just been completed and are setting records in the neighborhood.</p> <p>Because Boston&#39;s product is very limited, individual buildings can have a large effect on price per square foot statistics. In addition to boutique luxury developments driving numbers in&nbsp;Beacon Hill,&nbsp;the delivery of units at Fifty Liberty in the Seaport has&nbsp;helped to raise average pricing there over 100% from last year&#39;s first quarter.</p> <p><em>Click the below&nbsp;graphic&nbsp;to expand.</em></p> <p><em><a href="https://s3.amazonaws.com/files.usmre.com/6119/blog/boston%20map%20with%20neighborhood%20stats%20q1%202018.jpg" target="_blank"><img alt="" src="https://s3.amazonaws.com/files.usmre.com/6119/blog/boston%20map%20with%20neighborhood%20stats%20q1%202018.jpg" style="width: 800px; height: 580px;" class="featured"></a></em></p> <p><span style="border-top-left-radius: 2px; border-top-right-radius: 2px; border-bottom-right-radius: 2px; border-bottom-left-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font-style: normal; font-variant-caps: normal; font-weight: bold; font-stretch: normal; font-size: 11px; line-height: 20px; font-family: "Helvetica Neue", Helvetica, sans-serif; color: rgb(255, 255, 255); background-image: url(data:image/svg+xml;base64,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); background-size: 14px 14px; background-color: rgb(189, 8, 28); position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; border: none; -webkit-font-smoothing: antialiased; top: 263px; left: 31px; background-position: 3px 50%; background-repeat: no-repeat no-repeat;"> Save</span><span style="border-top-left-radius: 2px; border-top-right-radius: 2px; border-bottom-right-radius: 2px; border-bottom-left-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font-style: normal; font-variant-caps: normal; font-weight: bold; font-stretch: normal; font-size: 11px; line-height: 20px; font-family: "Helvetica Neue", Helvetica, sans-serif; color: rgb(255, 255, 255); background-image: url(data:image/svg+xml;base64,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); background-size: 14px 14px; background-color: rgb(189, 8, 28); position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; border: none; -webkit-font-smoothing: antialiased; top: 263px; left: 31px; background-position: 3px 50%; background-repeat: no-repeat no-repeat;">Save</span></p> Boston Real Estate News Market Reports Thu, 12 Apr 2018 16:04:39 -0400 Top 1st Quarter Condo Sales https://www.campionre.com/blog/posts/2018/04/12/top-1st-quarter-condo-sales/ <h3>Boston&rsquo;s 10 most expensive condominium sales of 2018&#39;s First Quarter</h3> <p>The city&#39;s top condominium sales are spread throughout five neighborhoods&nbsp;and represent a mix of boutique and full-service homes. All properties except Penthouse 2A at the Ritz Carlton and Unit 4 at 301 Berkeley Street&nbsp;are either brand new construction, or were recently built within the last few years.&nbsp;&nbsp;</p> <table cellpadding="0" cellspacing="0"> <tbody> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>Sale Price</b></font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>Address</b></font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>Area</b></font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>Beds</b></font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>Baths</b></font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>SF</b></font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>Closed</b></font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$15,110,000 &nbsp; &nbsp;&nbsp;</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Maison Vernon # PH</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Beacon Hill</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4,025</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">03/29/2018</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$10,200,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72256005/25-beacon-unit-2-boston-ma-02108/" target="_blank">25 Beacon # 2</a>*</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Beacon Hill &nbsp; &nbsp;&nbsp;</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3+ &nbsp; &nbsp; &nbsp;&nbsp;</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3.5 &nbsp; &nbsp; &nbsp;&nbsp;</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4,015 &nbsp; &nbsp;&nbsp;</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">03/16/2018 &nbsp; &nbsp;&nbsp;</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$10,200,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72231523/2-avery-st.-unit-ph-2a-boston-ma-02111/" target="_blank">Ritz Tower II # PH2A</a>*</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Midtown</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">5.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4,703</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">02/12/2018</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$6,777,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Millennium Tower # 5102 &nbsp; &nbsp;</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Midtown</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3,172</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">03/14/2018</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$6,461,800</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">50 Liberty # 11B</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Seaport</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">2,083</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">03/21/2018</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$5,600,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Maison Vernon # V</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Beacon Hill</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">2,903</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">03/02/2018</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$5,295,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">50 Liberty # 8B</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Seaport</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">2</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">2.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">2,083</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">03/22/2018</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$4,960,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72207687/301-berkeley-unit-4-boston-ma-02116/" target="_blank">301 Berkeley St # 4</a>*</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Back Bay</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3,550</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">01/24/2018</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$4,843,900</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Pierce Boston # PH 28E</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Fenway</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">2,548</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">03/08/2018</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$4,838,500</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">50 Liberty # 7B</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Seaport</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">2</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">2.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">2,083</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">03/20/2018</font></p> </td> </tr> </tbody> </table> <p>&nbsp;</p> <p>*Indicates&nbsp;sales for which Campion and Company represented the Seller and/or Buyer.&nbsp;</p> <p>Source: LINK</p> Boston Real Estate Boston Real Estate News Luxury Homes & Condos Market Reports Thu, 12 Apr 2018 15:24:49 -0400 Over-Ask in 2017: Back Bay https://www.campionre.com/blog/posts/2018/01/09/over-ask-in-2017-back-bay/ <p>Back Bay remains one of Boston&#39;s most desirable residential neighborhoods, as evidenced by the number of transactions that take place at or above a property&#39;s asking price.</p> <p>On average in Back Bay during 2017....</p> <ul> <li>All studios traded <em>2.3% above asking price</em></li> <li>All 1-bed condos traded&nbsp;<em>0.5%&nbsp;above asking price</em></li> <li>All 2-bed condos traded <em>0.5%&nbsp;below asking price</em></li> <li>All 3-bed condos traded <em>2.5%&nbsp;below asking price</em></li> <li>All 4-plus-bed condos traded <em>6.1%&nbsp;below asking price</em></li> </ul> <p>&nbsp; &nbsp;By price point...</p> <ul> <li>Condos that closed between&nbsp;$500,000 and&nbsp;$1,000,000 traded <em>0.9% above asking price</em></li> <li>Condos that closed between&nbsp;$1,000,000 and&nbsp;$2,000,000 traded <em>1% below asking price</em></li> <li>Condos that closed between&nbsp;$2,000,000 and&nbsp;$3,000,000 traded <em>2.6% below asking price</em></li> <li>Condos that closed between&nbsp;$3,000,000 and&nbsp;$4,000,000 traded <em>2.6% below asking price</em></li> <li>Condos that closed between&nbsp;$4,000,000 and&nbsp;$5,000,000 traded <em>4.8% below asking price</em></li> <li>Condos that closed above&nbsp;$5,000,000&nbsp;traded <em>5.6% below asking price</em></li> </ul> <p>All condo types in Back Bay sold for 99.5% of asking price in an average of 48 days. In 2016, for comparison, condos&nbsp;sold for 98.5% of asking price in an average of 59 days.</p> <p>Multiple offer&nbsp;scenarios and bidding wars are likely to remain a common&nbsp;occurrence for those looking to&nbsp;purchase in Back Bay, particularly for properties in&nbsp;or below the $1M -&nbsp;$2M range.&nbsp;</p> <p>Source: MLS</p> <p>&nbsp;</p> <p><img alt="416 Marlborough Street, Unit 3. Sold over asking price by Campion and Company." src="https://s3.amazonaws.com/files.usmre.com/6119/blog/overask%20by%20campion2.jpg" style="width: 500px; height: 334px;" class="featured"></p> <p><em>416 Marlborough Street, Unit 3. Sold over asking price by Campion and Company.</em></p> Boston Real Estate News Boston Neighborhoods Market Reports Tue, 09 Jan 2018 20:01:05 -0500 Top Townhouse and Single-Family Sales of 2017 https://www.campionre.com/blog/posts/2018/01/03/top-townhouse-and-single-family-sales-of-2017/ <h3>Boston&rsquo;s 10 most expensive townhouse and single-family&nbsp;sales of 2017</h3> <p>Back Bay, Beacon Hill and South End contain the city&#39;s top townhouse and single-family sales. Properties marked with an asterisk (*) represent sales for which Campion and Company represented the Seller and/or Buyer.&nbsp;</p> <table cellpadding="0" cellspacing="0"> <tbody> <tr> <td valign="top"> <p><font color="#000000" face="Calibri"><b>Selling Price &nbsp; &nbsp; &nbsp;&nbsp;</b></font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><b>Address &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</b></font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><b>Area &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</b></font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><b>Beds &nbsp; &nbsp;&nbsp;</b></font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><b>Baths &nbsp; &nbsp;&nbsp;</b></font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><b>SF &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</b></font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><b>Closed &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</b></font></p> </td> </tr> <tr> <td valign="top"> <p><font color="#000000" face="Calibri">$13,000,000</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72184676/197-marlborough-st-boston-ma/" target="_blank">197 Marlborough St</a>*&nbsp;</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">Back Bay</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">5</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">5+</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">7,575</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">11/30/2017</font></p> </td> </tr> <tr> <td valign="top"> <p><font color="#000000" face="Calibri">$8,000,000</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/71968969/6-mount-vernon-place-boston-ma/" target="_blank">6 Mt Vernon Pl</a>*&nbsp;</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">Beacon Hill</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">6+</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">6+</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">7,500</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">09/26/2017</font></p> </td> </tr> <tr> <td valign="top"> <p><font color="#000000" face="Calibri">$7,025,000</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/71968969/6-mount-vernon-place-boston-ma/" target="_blank">22 W Cedar St</a>&nbsp;</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">Beacon Hill</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">5+</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">4.5</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">5,365</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">06/20/2017</font></p> </td> </tr> <tr> <td valign="top"> <p><font color="#000000" face="Calibri">$6,850,000</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72109703/9-walnut-boston-ma/" target="_blank">9 Walnut St</a>&nbsp;</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">Beacon Hill</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">5+</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">4+</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">6,032</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">07/31/2017</font></p> </td> </tr> <tr> <td valign="top"> <p><font color="#000000" face="Calibri">$6,600,000</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72109720/225-beacon-boston-ma/" target="_blank">225 Beacon St</a>*</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">Back Bay</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">5+</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">5+</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">6,383</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">03/21/2017</font></p> </td> </tr> <tr> <td valign="top"> <p><font color="#000000" face="Calibri">$6,000,000</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">144 W Canton St</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">South End</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">3</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">2.5</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">3,078</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">10/16/2017</font></p> </td> </tr> <tr> <td valign="top"> <p><font color="#000000" face="Calibri">$5,890,000</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">43 Chestnut St*</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">Beacon Hill</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">4</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">4</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">4,290</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">04/28/2017</font></p> </td> </tr> <tr> <td valign="top"> <p><font color="#000000" face="Calibri">$5,750,000</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72147241/78-mount-vernon-street-boston-ma/" target="_blank">78 Mt Vernon St</a>&nbsp;</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">Beacon Hill</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">4+</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">3.5</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">3,750</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">07/24/2017</font></p> </td> </tr> <tr> <td valign="top"> <p><font color="#000000" face="Calibri">$5,325,000</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72165174/29-hereford-boston-ma/" target="_blank">29 Hereford St</a>*</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">Back Bay</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">4</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">4.5</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">3,737</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">07/17/2017</font></p> </td> </tr> <tr> <td valign="top"> <p><font color="#000000" face="Calibri">$5,200,000</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">321 Beacon St</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">Back Bay</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">4</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">3.5</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">4,439</font></p> </td> <td valign="top"> <p><font color="#000000" face="Calibri">02/10/2017</font></p> </td> </tr> </tbody> </table> <p>Source: LINK</p> Boston Real Estate News Market Reports Wed, 03 Jan 2018 15:01:35 -0500 Top Condominium Sales of 2017 https://www.campionre.com/blog/posts/2018/01/03/top-condominium-sales-of-2017/ <h3>Boston&rsquo;s 10 most expensive condominium sales of 2017</h3> <p>The city&#39;s top condominium sales are concentrated within&nbsp;Back Bay, Beacon Hill and Midtown and represent a mix of boutique and full-service homes. All properties except the sale at 25-27 Commonwealth Avenue are either brand new construction, or were recently built within the last few years.&nbsp;&nbsp;</p> <table cellpadding="0" cellspacing="0"> <tbody> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>Selling Price &nbsp; &nbsp; &nbsp;&nbsp;</b></font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>Address &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</b></font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>Area &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</b></font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>Beds &nbsp; &nbsp;&nbsp;</b></font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>Baths &nbsp; &nbsp;</b></font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>SF &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</b></font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><b>Closed &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</b></font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$17,200,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72114201/25-commonwealth-ave-unit-.-boston-ma-02116/" target="_blank">25-27 Commonwealth Ave # 25</a>*&nbsp;</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Back Bay</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4+</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">7,554</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">6/22/17</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$13,540,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">6 Newbury St # 301</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Back Bay</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">6</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">6,095</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">11/15/17</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$11,833,303</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/71976899/25-beacon-unit-ph-boston-ma-02108/" target="_blank">25 Beacon # B/PH</a>*</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Beacon Hill</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4,044</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">9/27/17</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$10,650,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72234742/1-franklin-street-unit-ph-3b-boston-ma-02110/" target="_blank">Millennium Tower # PH3B</a>&nbsp;</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Midtown</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4,110</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">11/30/17</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$9,250,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72059804/1-franklin-street-unit-ph-4e-boston-ma-02110/" target="_blank">Millennium Tower # PH4E</a>&nbsp;</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Midtown</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3,435</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">6/22/17</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$9,035,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/71927790/32-derne-st-unit-fifth-floor-boston-ma-02114/" target="_blank">Whitwell, The # 5A</a>&nbsp;</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Beacon Hill</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">6,129</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">2/24/17</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$9,000,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72195098/1-franklin-street-unit-ph-3e-boston-ma-02110/" target="_blank">Millennium Tower # PH3E</a>&nbsp;</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Midtown</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3,435</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">9/15/17</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$9,000,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72147295/448-beacon-unit-8-boston-ma-02115/" target="_blank">448 Beacon St # 8</a>&nbsp;</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Back Bay</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4,069</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4/25/17</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$8,950,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Millennium Tower # PH3A</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Midtown</font></p> </td> <td valign="middle"> <p>&nbsp;</p> </td> <td valign="middle"> <p>&nbsp;</p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">4,172</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">1/12/17</font></p> </td> </tr> <tr> <td valign="middle"> <p><font color="#000000" face="Calibri">$8,850,000</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri"><a href="https://www.campionre.com/listing/72184680/25-beacon-unit-3-boston-ma-02108/"> 25 Beacon # 3</a>*</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">Beacon Hill</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3.5</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">3,583</font></p> </td> <td valign="middle"> <p><font color="#000000" face="Calibri">9/26/17</font></p> </td> </tr> </tbody> </table> <p>*Indicates&nbsp;sales for which Campion and Company represented the Seller and/or Buyer.&nbsp;</p> <p>Source: LINK</p> Boston Real Estate News Market Reports Wed, 03 Jan 2018 15:01:01 -0500 Average Price Per Square Foot by Neighborhood in Boston https://www.campionre.com/blog/posts/2017/12/05/average-price-per-square-foot-by-neighborhood-in-boston/ <p>This snapshot provides&nbsp;average asking prices&nbsp;per square foot in 13 Boston neighborhoods. The prices listed are&nbsp;for the first three quarters of 2017, below which are the percent changes from&nbsp;the same period last year.&nbsp;</p> <p>For the neighborhoods in this analysis&mdash;which does not include all of the neighborhoods of Boston&mdash;the overall price range&nbsp;for the city through September ranges from $488 per square foot in East Boston&nbsp;to $1,219&nbsp;per square foot in Midtown. Because Boston&#39;s product is very limited, individual buildings can have a large effect on price per square foot statistics. In West End, for example, the delivery of units at Forecaster 121 has&nbsp;helped to raise average pricing there over 22%.</p> <p><span style="font-size:11px;"><em>Click the below&nbsp;graphic&nbsp;to expand.</em></span></p> <p><a href="https://s3.amazonaws.com/files.usmre.com/6119/blog/boston%20neighborhood%20PPSF%20thru%20Q3%202017.pdf" target="_blank"><img alt="" class="featured featured featured featured featured" src="https://s3.amazonaws.com/files.usmre.com/6119/blog/boston%20neighborhood%20PPSF%20thru%20Q3%202017.pdf" style="float: left; width: 675px; height: 522px;"></a></p> Boston Real Estate News Market Reports Tue, 05 Dec 2017 19:12:51 -0500 Campion & Company Market Report: 3Q 2017 https://www.campionre.com/blog/posts/2017/10/18/campion-company-market-report-3q-2017/ <h1><em>JUST RELEASED!</em></h1> <p><a href="https://s3.amazonaws.com/files.usmre.com/6119/blog/3Q%202017%20market%20newsletter%20Campion%20and%20Co.pdf" target="_blank"><img alt="" class="featured featured featured featured featured featured featured" src="https://s3.amazonaws.com/files.usmre.com/4965/blog/2017%203Q%20market%20report%20preview.png" style="width: 600px; height: 480px;"></a></p> <p><strong>Q3&nbsp;2017 Condominium Sales Reports for Metro Boston (Back Bay, Beacon Hill, Fenway, Midtown, North End, Seaport, South End, Waterfront and West End)&nbsp;</strong></p> <p><strong>Campion and Company, The Premier Luxury Boston Real Estate Brokerage consistently delivers the most comprehensive and objective market research and insights available.</strong></p> <h2><a href="https://s3.amazonaws.com/files.usmre.com/4965/blog/3Q%202017%20market%20newsletter%20Campion%20and%20Co.pdf" target="_blank"><strong>Download the 3Q - Boston Market Report Here</strong></a></h2> Boston Real Estate News Campion & Company News Market Reports Wed, 18 Oct 2017 16:10:18 -0400 Campion & Company Market Report: 3Q 2016 https://www.campionre.com/blog/posts/2016/10/19/campion-company-market-report-3q-2016/ <h1 style="text-align: center;"><em>JUST RELEASED!</em></h1> <p style="text-align: center;"><a href="https://s3.amazonaws.com/files.usmre.com/4965/blog/3Q%202016%20Market%20Update%20by%20Campion%20and%20Company.pdf"> <img alt="" class="featured featured featured featured featured" src="https://s3.amazonaws.com/files.usmre.com/4965/blog/3q%20market%20update.png" style="width: 475px; height: 350px;"></a></p> <p><strong>Q3&nbsp;2016 Condominium Sales Reports for Metro Boston (Back Bay, Beacon Hill, Fenway, Midtown, North End, Seaport, South End, Waterfront and West End)&nbsp;</strong></p> <p><strong>Campion and Company, The Premier Luxury Boston Real Estate Brokerage consistently delivers the most comprehensive and objective market research and insights available.</strong></p> <p><strong><u>Key highlights:</u></strong></p> <ul><li>As&nbsp;anticipated, Millennium Tower closings have had a significant effect on Metro Boston&#39;s 3rd Quarter and year-to-date sales.&nbsp;Nearly 90% of the Millennium Tower residences have hit public record,&nbsp;averaging over $1,400 per square foot. <ul><li>Including Millennium Tower:&nbsp;Both average and median sales prices in Boston&#39;s urban core rose nearly 50% above their year-ago levels.</li> <li>Excluding Millennium Tower: Average and median sales prices were up 14% and 12%, respectively.</li> </ul></li> <li>Millennium Tower is just one example of a new building completion that has helped push the number of Metro Boston&nbsp;sales up over 50% over the previous year. Excluding just the Tower, however, sales volume in Boston&#39;s core urban market&nbsp;is down 6%, due to factors such as&nbsp;ongoing inventory constraints and general uncertainty of an election year.</li> <li>Even with election year slow-downs, a robust seller&#39;s market continues,&nbsp;particularly for properties priced below $3M.</li> <li>On average, properties sold between $1M &amp; $2M trade&nbsp;for 99.4% of list price.</li> <li>Luxury properties sold above $3M trade&nbsp;for 93% of list price.</li> </ul><h2 style="text-align: center;"><a href="https://s3.amazonaws.com/files.usmre.com/4965/blog/3Q%202016%20Market%20Update%20by%20Campion%20and%20Company.pdf" target="_blank"><strong>Download the 3Q - Boston Market Report Here</strong></a></h2> <p style="text-align: right;">&nbsp;</p> Boston Real Estate News Campion & Company News Market Reports Wed, 19 Oct 2016 10:00:00 -0400 Campion and Company Market Report: 2Q 2016 https://www.campionre.com/blog/posts/2016/07/21/campion-and-company-market-report-2q-2016/ <p style="text-align: center;"><img alt="" class="featured featured featured featured featured featured featured featured featured featured" src="https://s3.amazonaws.com/files.usmre.com/4965/blog/Campion%20report%20logo.png" style="width: 275px; height: 85px;"></p> <h2 style="text-align: center;">JUST RELEASED!</h2> <p>Q2 2016 Condominium Sales Reports for Metro Boston (Back Bay, Beacon Hill, Fenway, Midtown, North End, Seaport, South End, Waterfront and West End)&nbsp;</p> <p><font color="#1D2129" face="San Francisco, -apple-system, BlinkMacSystemFont, .SFNSText-Regular, sans-serif"> Campion and Company, The Premier Luxury Boston Real Estate Brokerage consistently delivers the most comprehensive and objective market research and insights available.</font></p> <p><strong><u>Key highlights:</u></strong></p> <ul><li>Median sales price this quarter rose 6.5% above its year ago level to reach its second highest in history.</li> <li>Average price per square foot increased&nbsp;5.7% over last year, and 3.1% over this year&rsquo;s first quarter.</li> <li>The numbers of sales is up slightly as inventory levels surpass those of 2015.</li> <li>South End has the highest transaction volume, followed by Back Bay &amp; Midtown.</li> <li>Properties sold between $1M &amp; $2M are trading for 99.6% of list price.</li> <li>Properties sold above $3M are trading&nbsp;for 93% of list price.</li> <li>The overwhelming draw in the market now is toward newer buildings offering one-floor living, elevator access &amp; garage parking.&nbsp;</li> </ul><h2><a href="https://s3.amazonaws.com/files.usmre.com/4965/blog/Boston%202Q%202016%20Market%20Update%20by%20Campion%20and%20Company.pdf"> <strong>Download the 2Q - Boston Market Report Here</strong></a><a href="https://s3.amazonaws.com/files.usmre.com/4965/blog/Boston%202Q%20Market%20Update%20by%20Campion%20and%20Company.pdf">.</a></h2> Boston Real Estate News Campion & Company News Market Reports Thu, 21 Jul 2016 18:07:14 -0400