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In the South End, Slim Pickings and Fat Listings

[505 Tremont Street, #402/3, the priciest listing outside of Back Bay and Beacon Hill]

The South End may have the most expensive Boston condo listing outside of Back Bay and Beacon Hill, as well as some of the most expensive recent sales in all of the Hub, but it's inventory of available condos and single-families has dropped. And it's not just because of the temperature.

John Neal of Sprogis and Neale Real Estate tells The Herald the neighborhood's inventory is the lowest it's been since the firm began keeping records:

As of this week, there are only 79 condominiums and six townhouses for sale in the entire neighborhood. In years past, inventory for the South End has approached 400. In the last couple of years, it has dipped below 200, but taking into consideration winter and the holiday season, we have never seen it go below 100 before. The reasons? There's the perennial dearth of new construction, of course, though that is slowly changing. But also, we surmise, the competition from listings in other neighborhoods—simply put, there are a lot of options out there and many fall outside the Hub's Neighborhood of the Year 2011.

· Low Rates, Inventory Heat Up Winter Sales [Herald; not online]
· $1.85M in the South End: a 2-BR at the Atelier 505 [Curbed Boston]
· Catch Nomar Garciaparra, Mia Hamm's Old South End 3-BR [Curbed Boston]
· The Year of the Shovel: Hub Development in 2011 [Curbed Boston]
· Boston's Ultra-Luxury Real Estate: Where and How Much [Curbed Boston]
· The Curbed Boston Cup Neighborhood of the Year: South End! [Curbed Boston]