Monday, July 06, 2009

1850 Lofts Boston

Housing Notes
From Boston Real Estate Observer

"Summary sales statistics at 1850, where units started going Under Agreement in early 2008, include the following.

Units Sold: 21 of 60
Average Sales Price: $351,395
Median Sales Price: $369,000
Average Price per Square Foot: $447

Sales to list price ratios, specifically at new developments, should be taken with a grain of salt, however,”pricing of a new development is more an art than a science,” says John Keith, a local real estate agent. “Unlike other new developments where all the units were listed for sale (in the MLS), here they are wisely releasing them over time, apparently being able to keep the building looking attractive from a price perspective.”"

No comments: