It's the start of a new month, and that means that Curbed Boston's Neighborhood Watch is in full effect. Fourth up (Back Bay, Charlestown and Beacon Hill were first, second and third), an in-depth look at the recent real estate trends in Bay Village. (All statistics, unless otherwise cited, courtesy of Trulia.)
Average Listing Price
It finished about $18,000 over what it started October as. At $642,066, however, it's well below Boston's overall average listing price of $786,000.
Bay Village is tiny town—the smallest neighborhood that the City of Boston actually recognizes (handy neighborhood map here from Menino's people). So we wouldn't read too much into the wide fluctuations in prices, given that one or two deals can really skew things. Still, if you're a completist, here are the stats: The median sales price for the neighborhood was down 31 percent annually in September to $725,000; the average sales price per square foot was up for the same period 27.1 percent to $558. The former is higher than the Boston median, the latter is lower than the Boston average.
The number of Bay Village home sales was up 600 percent annually in September, with a grand total of seven for the month (we told you it was tiny).
Let's face it: size matters. The dense, delineated real estate world of Bay Village should see its prices jump up and down through the autumn and winter; and its sales remain small in number.
· Charlestown Sales Jump As Prices Hold Ever So Steady [Curbed Boston]
· Back Bay Prices, Sales Up; Tom Brady Not Hurting Things [Curbed Boston]
· In Beacon Hill, Wide Gulf Between Askings and Takings [Curbed Boston]