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About Michael....

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My name is Michael DiMella, and I am Managing Partner of Charlesgate Realty Group in Boston's Back Bay.  In this blog, I hope to give you an insider's take on the Boston real estate market, all the facts, rumors, helpful advice, and anything relevant to real estate in Boston.  Hopefully you will be informed and entertained.

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The Top 5 highest and lowest priced Boston condos sold in April

 

UPDATE (JUNE 11, 2009): If your just finding this post, you may also want to check out the Top 5 highest and lowest priced Boston condos sold in May as well.  Thanks for reading!

 

I always find it fascinating to look back at the past month to see what the least expensive and the most expensive condos in Boston were.  So I figured I'd post it this month.  It really can't tell you much about the market - if it's up, down, or sideways - but the range of properties and pricing within one city and within just a few miles of each other really amazes me for some reason.  And it puts some perspective on median or average prices when the range of sales can be so huge....

Before I get to the most and least expensive properties, 216 Boston condos were sold in April 2009 and here's a quick summary of the numbers from MLS:

Average list price: $453,668

Average sale price: $435,240 (for a 4.1% discount ratio)

Average days on market: 126

Average price per square foot: $408

 

Now here are the properties at the bottom and the top of price range in the Boston real estate market.  I've included basic specs, a photo, and the first line of the property description from MLS to add a little detail.

Top 5 Least Expensive Boston Condos:

dorchester condo35 Harwood St - Unit 3
2 bed/1 bath condo in Dorchester
Sale Price: $25,000


Third floor condo. Needs some cosmetics and updates.

 

 

 

 

 

 

 

35 melbourne st. dorchester condo

34 Melbourne St. Unit 2
3 bed/0 bath condo in Dorchester
Sale Price: $26,000

Uninhabitable corporate owned condominium unit in an uninhabitable 3 unit shell.

 

 

 

 

roxbury condo 8 Beethoven - Unit 2
1 bed/1 bath condo in Roxbury
Sale Price: $30,000


A nice 1 bedroom condo. Hardwood floors throughout.

 

 

 

 roxbury condo

8 Beethoven - Unit 3R
1 bed/1 bath condo in Roxbury
Sale Price: $32,900


Nice attached condo unit in 6 family.Hardwood floors and new windows!

 

 

maywood st roxbury condo67 Maywood St - Unit 2
3 bed/2 bath condo in Roxbury
Sale Price: $36,000


Bright and sunny spacious condo in good condition close to all area amenities!


 


 

 

The Top 5 Most Expensive Boston Condos:

marlborough street back bay condo

 

360 Marlborough St. - Unit 1
3 bed/2.5 bath condo in Back Bay

Sale Price: $1,200,000

Superbly renovated 2 bedroom with office area, 2.5 bath home.

 

 

 


boylston street back bay condo250 Boylston Street - Unit 3B
2 bed/2.5 bath condo in Back Bay
Sale Price: $1,625,000

Rare opportunity to own a two plus bedroom in The Le Jardin.


 


 


braddock park south end condo27 Braddock Park - Unit 1
3 bed/3.5 bath condo in South End
Sale Price: $2,232,000

Wonderful Parlor Triplex by noted South End developer.

 

 



marlboro street back bay condo228 Marlborough Street - Unit 1
3 bed/3.5 bath condo in Back Bay
Sale Price: $2,550,000

Magnificent 3 bedroom ideally located on quiet Marlborough Street in 1879 townhouse.

 

 

 

beacon street beacon hill condo 96 Beacon Street - Unit PH
3 bed/3.5 bath condo in Beacon Hill
Sale Price: $9,290,000

Built during the gilded era, this classic building is undergoing a complete renovation.

 

 

So there you have it - in one month, condos in Boston ranging from $25,000 (94% below the average) all the way to $9,290,000 (a whopping 2034% over the average) were sold.  Remarkable - the actual distance between the low and high priced condos is under 5 miles but seemingly worlds apart. 

 

What are your thoughts?  Comment below!



2009 Boston Condo Market Report

2009 Boston condo market report

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Comments

WoW!!! This just shows how MICRO LOCAL real estate is, and how much disparity there can be in the "market" at the same time in such close proximity. This is truly one of the most, if not the most, important concept for consumers to grasp. I was talking to one of my close friends the other night who is a very smart guy (less his decision on who he befriends). I asked him if he was reading our blog and what he thought. He said his number one take away is realizing how "micro local" real estate is, especially here in Boston....He credits the blog for fully grasping that concept, and he is right. And as much as it pains me to do, I must give credit where cerdit is due. So, "very, very nice work Michael..."
Posted @ Saturday, May 02, 2009 8:46 AM by P.T. Vineburgh
I don't think you should include the second condo. Since the building does not have an OP. It might be a steal at 26,000 but I wonder how much it will cost to get the building habitable. And, do all 3 units have to be torn down to the studs before anyone can live there? I wonder if like many other abandoned buildings, it has been stripped of all wiring and plumbing?
Posted @ Saturday, May 02, 2009 10:51 AM by Jan D - fibrowitch
"3 bed/0 bath" ???
Posted @ Saturday, May 02, 2009 11:02 AM by Ron Newman
PT - Thank you for your comments, I'm glad the info here has been useful! I appreciate it! 
 
 
 
Jan - It's an interesting thought, but I decided just to take the lowest sales no matter the condition of the property. Unfortunately that condo (and the other units in the building need extensive rehab before being live-able again, but it was an actual sale so I included it. 
 
 
 
Ron - It was listed as 3 bed/0 bath, I believe because the property was basically gutted of all plumbing, so there was technically no bathroom. 
 
 
 
Thanks for reading and commenting!
Posted @ Saturday, May 02, 2009 3:14 PM by Michael DiMella
A range of 94% below to 2034% above average, all within 5 miles? And a shell-sans-bath sold for more than a same-area livable unit? Perhaps having freely available listings data won't put (most) real estate licensees out of business after all.
Posted @ Thursday, May 21, 2009 10:17 AM by RealtyLee
It's amazing isn't it? And the distance from the highest one to say the Maywood St unit ($36,000) is only about 3 miles! Raw data (and listings) are valuable, of course, but there is so much variation in real estate markets (even street to street) that local experience and proper analysis of the data is certainly vital.
Posted @ Thursday, May 21, 2009 10:42 AM by Michael DiMella
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