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The Allston Condo Market Has a Cold

This is Neighborhood Watch, a monthly breakdown from Curbed Boston about what's going on market-wise in key neighborhoods 'round the region (and, for our purposes here, towns and cities are neighborhoods, too—because they almost were, after all). All stats courtesy of William Raveis Real Estate. Next up, Allston.

The single-family market in Allston is slim pickings. There were only seven sales in September (compared to eight in September 2011); and the inventory of available single-families never seems to crest a handful. For what it's worth, then, the sales prices were generally down year-over-year, with the price per square foot by more than 14 percent and the median by nearly 6.
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The wider Boston condo market is undeniably hot—fast sales at higher prices. Allston, specifically, however, appears to be quite cold. Sales were down annually in September as were the median and average sales prices (the former my more than 16 percent). The two silver linings? Inventory was way down and the average sales price per square foot was up significantly. Still, it's not like any Neighborhood Watch we've seen so far this go-round.

· The Fastest Sales in the Hub [Curbed Boston]
· Our Neighborhood Watch archive [Curbed Boston]