The below stats are in for the last week of sold South End Condos, pulled from the Boston MLS – compared to the previous week’s statistics (in parentheses). The number of South End Condos that sold: 18 (14)
Lowest Price: $310,000 ($279,750)
Median Price: $615,000 ($539,000)
Highest Price: $1,550,000 ($1,095,000)
Average Price: $692,333 ($593,241)
Average Days on Market (DOM): 87 (70)
Sales Price / Listing Price Ratio: 99% (99%)
Start Date: 5/27/2007
End Date: 6/2/2007
Over the past two weeks, there have been 7 condos that have sold above the asking price, while Days of Market is continuing to trend down – a definite sign that the market is getting more competitive for fairly priced properties.