Boston’s Busiest and Most Sure-Fired Sale Addresses
David Bates / December 6, 2012-6:00 pm
Recently, I reviewed the listing and sales activity of “The Curbed 76,” the city’s top condo buildings. I looked at the previous 12-months and concerned myself with listings that had come off the market and either sold or failed to sell. I paid no attention to listings that were on the market or under agreement. Nonetheless, what I discovered were some of Boston’s busiest condominium listing addresses as well as a few of Boston’s most sure-fire sale addresses.
Check it out.
- 110 Stuart Street, Back Bay – The W – 46 Listings/33 Sales – 72% Sales Ratio : Described in the listings as an “iconic glass tower and Boston’s newest premier residential address” this development–which fought off bankruptcy–offers hotel services.
- 42 Eighth Street, Charlestown Navy Yard –Parris Landing — 44 Listing/34 Sales – 77% Sales Ratio: Developed in 2005, the re-invented Navy Yard building featured designs by famed Phillip Starck and offered buyers the opportunity to do customize their finishes.
- 141 Dorchester, Seaport District –The Macallen building– 43 Listings/35 Sales – 81% Sales Ratio: Perhaps, the most visible and distinctive looking modern development in Boston became the city’s first “green” residential building when it was completed in 2007.
- 45 Province, Beacon Hill/Midtown – 33 Listing – 30 Sales – 91% Sales Ratio: This 137 unit development came to market in 2009 and was described in the original listings as “Boston’s most vibrant and elegant urban community.”
- 85 East India, Waterfront – Harbor Towers – 30 Listings – 24 Sales – 80% Sales Ratio: One of Boston’s most loved, hated and assessed addresses. (note: 65 East India the other tower which comprises Harbor Towers had an additional 14 listings and 11 sales).
Most Reliable Sale Addresses:
- 8 Whittier Place, West End – 12 Listings/12 Sales — 100% Sales Ratio: Best known for Boston’s most memorable real estate marketing phrase: “If you lived here, you’d be home now,” the high sale for the previous 12 months,–a renovated 2BR/2BA on the 19th floor– sold for $574,500 in April.
- 9 Hawthorne Place, West End – 9 Listings /9 Sales — 100% Sales Ratio: Located walking distance to MGH, Government Center, and the Financial District, the Charles River Esplanade, the building sold large studios (636 sf) , oversized one bedrooms (879-941 SF), and ample sized 2BR/2BA units, all at a modest average of $415 a square foot.
- 285 Columbus Avenue, Back Bay – 8 Listings/8 Sales – 100% Sales Ratio: Located near the Back Bay/South End line, loft style units with “European inspired design.” In the last 12 months, seven two beds sold. The first two to close took over a year of market time to find buyers, none the last five sales however needed more than 54 days to do the same.
- 505 Tremont, South End – Atelier 505 — 8 Listings/ 8 Sales — 100% Sales Ratio: Designed by world renowned architects, this building is one of the most prestigious in the South End. A “trapezoidal shaped 2+ bedroom” recently closed for over $1.4 million.
- 300 Boylston, Back Bay – Heritage on the Garden- 4 Listings/ 4 Sales — 100% Sales Ratio: Built in 1988, many of the condominiums in this full-service building overlook the public garden; a rear facing studio which didn’t have such idyllic views sold in May for the asking price of $759,000.
(Listing and Sale Source: Analysis of Greater Boston MLSPIN SOLD, CAN, EXP, and WDN categoriesd between the dates 11/27/11-11/26/12)