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. Now up, Charlestown.
Single-family prices were up slightly over 2011 in November (the median was up 2.2 percent to $664,500, for instance, and the average price per square foot 10.2 percent to $370). But sales were way up: 45.1 percent. At the same time, the inventory of unsold homes and the average time it takes to sell a Charlestown home were down; and, like with the North End, there appears to be a disconnect between what buyers will pay and what sellers want. Imagine that.
For Charlestown condos, it's the same trends: sales prices up slightly (the median by 2.4 percent to $430,000), but sales themselves up significantly over 2011 (36.7 percent), and inventory and time on market down. We hereby pronounce the Charlestown real estate market as sound and brisk.
· North End Condos Disappearing, Sellers Thinking Wishfully [Curbed Boston]