Presenting 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, Jamaica Plain.
Jamaica Plain's single-families are apparently flying off the shelves (much like condos in the North End, for instance). Sales were up 51.1 percent annually in August, and, at the same time, the inventory of available homes dipped 4.5 percent. Both happened as prices climbed, the median sales price in particular up 15.5 percent annually to $557,450.
For condos, it was much of the same: Sales were up 26.9 percent annually and inventory was down a whopping 31.7 percent. Prices, meantime, were essentially flat year over year, with the average sales price for a JP condo up 1.9 percent to $362,384 and the median up 2.5 percent to $332,000.
· North End Condos Practically Flying Off the Shelves Now [Curbed Boston]
· Our Neighborhood Watch archive [Curbed Boston]