Happy New Year! We are still digesting all of the data, but here is a quick look at how Boston’s condo market performed in 2019. Looking at a sample of neighborhoods, average condo sales prices per square foot were slightly below 2018 levels in a number of them. There are certainly areas that experienced growth - for instance, the average condo sale price per square foot in Jamaica Plain was up 2.5% in 2019. At $536.38 per square foot, the average condo sale price in Jamaica Plain is still half as much as Beacon Hill ($1,212.32/SF), Back Bay ($1,247.61) and South End ($1,030.86).
Source: Based on data compiled by MLS Property Information Network, Inc.
The number of sale transactions was lower in many neighborhoods. The number of condo sales in South Boston was down 14%, but South Boston still saw more sales than many other neighborhoods.
Source: Based on data compiled by MLS Property Information Network, Inc.
Check back with us! We continuously review data to help identify trends and potential opportunities!