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Median Price of a Southie Condo Hits $400K

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, South Boston.

Leave it to Southie to buck some trends. While single-family sales were up in neighborhoods across the region, they were down here more than 15 percent annually in November. Those that were selling, though, were selling for a lot more than what they were selling for in November 2011: The median sales price, for instance, was up 31 percent to $514,250.

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Southie condo sales were up almost twice as much as single-family sales were down, rising 30.9 percent annually in November. Prices, too, were up (the median reached $400,000). And, like with single-families, the inventory of unsold condos was down sharply year-over-year.
· Our Neighborhood Watch archive [Curbed Boston]