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South Boston Home Sales Booming; Sellers Asking Less

It's the start of a new month, and that means that Curbed Boston's Neighborhood Watch is in full effect. Fifth up (Back Bay, Charlestown, Beacon Hill and Bay Village were covered earlier), an in-depth look at the recent real estate trends in South Boston. (All statistics, unless otherwise cited, courtesy of Trulia.)

Average Listing Price
Southie's average finished October about $9,000 below where it started the month. The $427,005 figure was well below Boston's overall one of $786,000.


Sales Prices
There is relative good news here: The median sales price for a Southie home was up 6.1 percent annually in September to $386,500. The average price per square foot, however, was down a tad to $334. As expected, both were well under what Boston homes overall command.


Sales
Boom! Southie sales were up annually over 35 percent, more than twice the percentage gain of the city.

Prognosis
South Boston is one of the definitional neighborhoods of Boston. (Could you imagine a Real Housewives of Beacon Hill? Shudder!) It's also one of the largest neighborhoods, with a diverse housing stock, one that can be relied upon for steadily higher sales (check out this graph showing sales numbers going back to 2002).


· 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]
· For Bay Village, Tiny Sales and Ginormous Price Moves [Curbed Boston]
· Our South Boston archive [Curbed Boston]