It's the start of a new month, and that means that Curbed Boston's Neighborhood Watch is in full effect. Seventh up (Back Bay, Charlestown, Beacon Hill, Bay Village, South Boston and the North End were covered earlier), an in-depth look at the recent real estate trends in Allston. (All statistics, unless otherwise cited, courtesy of Trulia.)
Average Listing Price
Allston's average listing price cratered in October, dropping in the month's final week over 20 percent to $255,664. That's less than half the $786K average for Boston overall.
Sales Prices
What is going on?! Much, much better news here as the primary barometer for a housing market's pricing health—the median—bounced over 57 percent annually in September to $402,500. And the average sales price per square foot—a flimsier measure given that one or two big deals can skew things—jumped 800 percent(!) to $2,619. (If anyone knows what deal might have spurred this, email tom@curbed.com post-haste!)
Sales
This stat is largely unavailable. Though the median sales price figure was based upon 56 homes sold in September.
Prognosis
Allston is what we'd call a starter neighborhood, one the college kids might make an early go at adulthood in post-graduation. It's housing stock is on the inexpensive side, generally, compared to the rest of the city and its sales figures never that robust. Right now, for instance, according to Trulia, there are five existing homes for sale in the neighborhood. Don't expect too much, and you won't be disappointed.
· 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]
· South Boston Home Sales Booming; Sellers Asking Less [Curbed Boston]
· North End Housing Market Heads South [Curbed Boston]
· Our Allston archive [Curbed Boston]