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, the condos of the Seaport District (not enough numbers to crunch for single-families, of course).
Sales of Seaport District condos were up 21.9 percent annually in August, even as prices either remained flat or rose slightly (the median was down 0.7 to $585,500 and the average was up 6.5 percent to $688,000). Look a little closer, though, and you'll see that sales were up by a double-digit percentage even as the average asking price for Seaport condo was up 11 percent—in other words, sellers are getting what they want. Inventory, not surprisingly, was way down as was the average time it takes to sell one of these puppies on the waterfront.
· Our Neighborhood Watch archive [Curbed Boston]