September sales dip while median selling prices rise
Median sale prices in the Waterfront/North End neighborhood and the Downtown/Seaport area topped the median selling prices of condominiums in September in the 11 neighborhoods covered by Boston Homes.
The two sections even topped the Back Bay/Midtown district, which usually ranks the highest.
Sales volume in these 11 neighborhoods dropped from 554 in August to 328 in September. A year ago, 277 condos were sold in September.
In a year-over-year comparison, the median selling price rose in seven of the 11 neighborhoods covered by Boston Homes, but in a month-to-month comparison, just four areas saw an increase from August.
The data come from records compiled by the Listing Information Network.
In addition to the Waterfront/North End and the Downtown/Seaport neighborhoods, the other areas covered by Boston Homes are Back Bay/Midtown; Beacon Hill/West End; Charlestown/Navy Yard; Dorchester; East Boston; the Fenway; Jamaica Plain; South Boston and the South End/Bay Village.
The median selling price among the 328 transactions was $429,000, which purchased a one-bedroom, 615-square-foot penthouse at 78 West Concord St. in the South End. A year earlier, the median selling price was $429,174 for a 1,301-square-foot, two-bedroom condo in South Boston at 651 East Second St.
August’s median sale price was $437,500 for a one-bedroom New York-style loft with 858 square feet of space in the Dexter Condominiums at 449-463 Washington St., Downtown.
In September, the highest median selling price was $645,000 in the Downtown/Seaport neighborhood. That was for a 1,398-square-foot unit with one-plus bedrooms in the Channel Center at 25 Channel Center St.
A year earlier, the median selling price was $617,500 for a 1,308-square-foot condo with one-plus bedrooms at the Court Square Press building at 9 West Broadway.
In August, $557,500 was the median selling price for a two-bedroom, 1,210-square-foot condo at the adjacent Macallen Building at 141 Dorchester Ave.
The Waterfront/North End neighborhood saw an increase in the median selling price from a year ago and a month ago. The September median was the $640,000 sale of a one-bedroom, 1,229-square-foot condo at Harbor Towers II, 65 East India Row.
A year earlier, the median was a two-bedroom, 850-square-foot condo at 560 Commercial St. that sold for $525,000. In August, the median’s selling price was $585,000 for a one-bedroom, 875-square-foot condo in Harbor Towers I at 85 East India Row.
A one-bedroom, 779-square-foot unit at 133 Marlborough St. that sold for $550,000 was the median sale in September for the Back Bay/Midtown area. That compares to $735,000 a year earlier for a one-bedroom, 803-square-foot unit at the Ritz Tower II at 2 Avery St. and $685,000 for a one-bedroom, 899-square-foot condo at 9-17 Harcourt St. a month earlier.
The South End’s median selling price in September was $508,000 for a one-bedroom garden-level unit at 3 Claremont Park with 1,038 square feet of living space. A year ago, the median price was $555,555, which purchased a two-bedroom, 826-square-foot condo at 81 Waltham St.
August’s median selling price was $510,000 for a two-bedroom, 990-square-foot condo at 536 Massachusetts Ave.
In South Boston, the median selling price was $425,000 for a two-bedroom, 1,355-square-foot home at 482 East Third St. The median selling price was $395,000 a year earlier for a two-bedroom, 1,416- square-foot condo at 651 East Third St.
Both Beacon Hill and Charlestown saw the median selling price in September increase from a year earlier to $405,000.
Beacon Hill’s median sale was for a one-bedroom, 542-square-foot condo at 27 Bowdoin St. In September 2011, the median selling price was $386,600 for a one-bedroom, 826-square-foot condo at Hawthorne Place. In August, a one-bedroom, 505-square-foot unit at the Lincolnshire at 15 River St. that sold for $499,000 was the median.
Charlestown’s median sale in September was for a three-bedroom, 1,343-square-foot home at 16 Eden St., which sold for $405,000. A year earlier, the median sale was for a two-bedroom, 990-square-foot unit at 24 Lexington St. that sold for $395,000. The sum of $417,000 was the median selling price in August for a two-bedroom, 1,202-square-foot condo at 7 Albion Place.
The next highest median selling price was in the Fenway, increasing from a year ago and a month ago. In September, the median selling price was $370,000 for a two-bedroom, 645-square-foot unit at 12 Stoneholm St. In September 2011 a one-bedroom, 538-square-foot unit at 86 Jersey St. that sold for $309,000 was the median sale. August’s median selling price was $335,000, which purchased a one-bedroom, 646-square-foot unit at 61 Park Dr.
Jamaica Plain’s median selling price was $323,000 in September for a three-bedroom, 1,056-square-foot condo at 17 Glade Ave. In September 2001, the median selling price was $352,000 for a two-bedroom, 1,050-square-foot condo at 56 Green St. August’s median selling price was $345,000 for a two-bedroom, 1,028-square-foot condo at 5 Greenley Place.
A two-bedroom, 979-square-foot condo at 19 Hallam St. that sold for $240,000 was the median sale in Dorchester in September. A year earlier, it was a two-bedroom, 1,273-square-foot unit at 12 Nixon St. that sold for $184,900. In August, the median selling price was $249,900 for a two-bedroom, 1,000-square-foot home at 34 Sudan St.
And, in East Boston, the median selling price was $227,000 for a one-bedroom, 592-square-foot condo at 292 Marginal St. That contrasts with $315,000 for a three-bedroom, 1,254-square-foot unit at 103 Boardman St. a year ago and $240,000 for a two-bedroom, 988-square-foot condo at 118 Princeton St. in August.