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January 2014 Multi-family Housing Activity Report – Boston, MA Real Estate

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Information about January 2014 Multi-family Housing Activity Report – Boston, MA Real Estate
Real Estate

Published on February 25, 2014

Author: ErikSchubert1

Source: slideshare.net

Description

Here’s January 2014′s Monthly Multi-family Housing Activity Report from the Greater Boston Association of Realtors®.

What Was Going On With Multi-family Housing Activity In January?
(Comparing January 2014 to January 2013)

Closed sales were down -17.96%
Median prices were up +17.1%
Inventory of homes for sale were down -31.5%
Months supply of homes for sale were down -33.8%
Days on market until sale were down -3.7%
Percentage of original list price received were down -0.4%
New Listings were up +13.7%
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5B Multi-Family Housing Activity Report January 2014 Key Metrics Historical Sparklines Jan-2013 128 - 17.9% $468,500 + 17.1% $400,000 $468,500 + 17.1% 326 - 31.5% -- -- -- 1.7 - 33.8% -- -- -- 63 60 - 3.7% 63 60 - 3.7% 97.7% 97.3% - 0.4% 97.7% 97.3% - 0.4% 175 1-2013 156 2.5 1-2012 - 17.9% 476 1-2011 128 $400,000 A count of actual sales that have closed within a given month. +/– 156 Closed Sales Jan-2014 YTD 2013 YTD 2014 +/– 199 + 13.7% 175 199 + 13.7% 1-2014 Median Sales Price The point at which half of the homes sold in a given month were priced higher and one half priced lower, not accounting for seller concessions. 1-2011 1-2012 1-2013 1-2014 Inventory of Homes for Sale The number of properties available for sale in active status at the end of the month. 1-2011 1-2012 1-2013 1-2014 Months Supply of Homes for Sale The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months. 1-2011 1-2012 1-2013 1-2014 Days on Market Until Sale The average number of days between when a property is listed and when an offer is accepted. 1-2011 1-2012 1-2013 1-2014 Pct. of Org. List Price Received The average percentage found when dividing a property's sales price by the original list price, not accounting for seller concessions. 1-2011 1-2012 1-2013 1-2014 New Listings A count of the properties that have been newly listed on the market in a given month. 1-2011 1-2012 1-2013 1-2014 Current as of February 18, 2014. Multi-family activity is comprised of 2-, 3- and 4-family properties only. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.

Multi-Family Housing Activity Report – 2-Family Properties January 2014 Closed Sales Median Sales Price Days on Market Inventory 1-2013 Acton Arlington Ashland Attleboro Bedford Bellingham Belmont Boston Boxborough Brookline Burlington Cambridge Canton Carlisle Chelsea Concord Dedham Dover Everett Foxborough Framingham Franklin Holliston Hopkinton Hudson Lexington Lincoln Malden Mansfield Marlborough Maynard Medfield Medford Medway Milford Millis Milton Natick Needham Newton 1-2014 +/– 1-2013 1-2014 +/– 1-2013 1-2014 +/– 1-2013 1-2014 +/– 0 5 0 1 0 0 2 33 0 1 0 1 0 0 2 1 0 0 7 0 2 1 0 0 0 0 0 4 0 3 0 0 3 1 0 0 0 0 0 2 0 1 0 1 0 0 1 17 0 2 1 1 0 0 1 0 1 0 2 1 2 1 0 0 0 2 0 4 1 2 2 0 4 0 2 1 0 1 2 6 -- 80.0% -0.0% --- 50.0% - 48.5% -+ 100.0% -0.0% --- 50.0% - 100.0% --- 71.4% -0.0% 0.0% -----0.0% -- 33.3% --+ 33.3% - 100.0% -----+ 200.0% $0 $525,000 $0 $195,000 $0 $0 $607,500 $360,000 $0 $613,000 $0 $595,000 $0 $0 $267,500 $565,000 $0 $0 $303,000 $0 $204,000 $200,000 $0 $0 $0 $0 $0 $392,500 $0 $229,000 $0 $0 $475,000 $220,000 $0 $0 $0 $0 $0 $497,500 $0 $525,000 $0 $277,000 $0 $0 $770,000 $430,000 $0 $1,335,000 $272,500 $1,360,000 $0 $0 $383,000 $0 $350,000 $0 $337,000 $322,880 $308,000 $269,000 $0 $0 $0 $707,413 $0 $377,500 $260,000 $173,400 $270,000 $0 $545,000 $0 $165,000 $140,000 $0 $453,000 $401,250 $754,000 -0.0% -+ 42.1% --+ 26.7% + 19.4% -+ 117.8% -+ 128.6% --+ 43.2% - 100.0% --+ 11.2% -+ 51.0% + 34.5% ------ 3.8% -- 24.3% --+ 14.7% - 100.0% -----+ 51.6% 0 62 0 10 0 0 45 46 0 24 0 27 0 0 33 56 0 0 37 0 29 24 0 0 0 0 0 66 0 119 0 0 30 100 0 0 0 0 0 98 0 41 0 77 0 0 32 40 0 93 100 126 0 0 35 0 8 0 94 86 14 114 0 0 0 158 0 60 11 64 89 0 18 0 281 266 0 5 6 40 -- 33.4% -+ 670.0% --- 28.1% - 13.4% -+ 287.5% -+ 366.7% --+ 6.1% - 100.0% --+ 157.0% -- 50.9% + 375.0% ------ 8.4% -- 46.5% --- 39.3% - 100.0% ------ 59.2% 1 3 2 16 0 1 1 72 0 1 0 2 2 0 12 3 7 0 11 0 6 1 1 0 7 0 0 12 1 5 2 4 5 0 6 0 5 4 1 8 0 5 0 10 1 0 4 43 0 0 0 4 2 0 4 0 2 0 11 1 3 0 0 0 3 0 0 12 1 7 4 1 6 1 4 0 1 3 0 6 - 100.0% + 66.7% - 100.0% - 37.5% -- 100.0% + 300.0% - 40.3% -- 100.0% -+ 100.0% 0.0% -- 66.7% - 100.0% - 71.4% -0.0% -- 50.0% - 100.0% - 100.0% -- 57.1% --0.0% 0.0% + 40.0% + 100.0% - 75.0% + 20.0% -- 33.3% -- 80.0% - 25.0% - 100.0% - 25.0% All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.

Multi-Family Housing Activity Report – 2-Family Properties (cont.) January 2014 Closed Sales Median Sales Price Days on Market Inventory 1-2013 1-2014 +/– 1-2013 1-2014 +/– 1-2013 1-2014 +/– 1-2013 1-2014 +/– Norfolk North Attleboro Norwood Plainville Quincy Revere Saugus Sharon Sherborn Somerville Southborough Stow Sudbury Walpole Waltham Watertown Wayland Wellesley Weston Westwood Winchester Winthrop Woburn Wrentham 0 0 0 0 2 5 0 0 0 9 1 1 0 0 1 2 0 0 0 0 4 1 3 0 0 2 1 1 6 3 1 0 0 6 0 0 0 0 1 1 0 0 0 0 0 1 1 0 ----+ 200.0% - 40.0% ---- 33.3% - 100.0% - 100.0% --0.0% - 50.0% ----- 100.0% 0.0% - 66.7% -- $0 $0 $0 $0 $391,500 $380,000 $0 $0 $0 $500,100 $229,000 $432,500 $0 $0 $440,000 $518,750 $0 $0 $0 $0 $510,000 $389,900 $253,000 $0 $0 $142,500 $294,113 $375,000 $525,000 $365,000 $330,000 $0 $0 $551,500 $0 $0 $0 $0 $510,000 $601,500 $0 $0 $0 $0 $0 $277,000 $365,000 $0 ----+ 34.1% - 3.9% ---+ 10.3% - 100.0% - 100.0% --+ 15.9% + 16.0% ----- 100.0% - 29.0% + 44.3% -- 0 0 0 0 62 155 0 0 0 32 53 294 0 0 12 8 0 0 0 0 121 5 65 0 0 15 42 74 55 133 9 0 0 48 0 0 0 0 68 33 0 0 0 0 0 21 52 0 ----- 11.1% - 14.6% ---+ 53.2% - 100.0% - 100.0% --+ 466.7% + 340.0% ----- 100.0% + 320.0% - 20.4% -- 0 6 5 2 15 24 1 1 0 11 2 0 1 2 8 7 1 0 0 0 0 4 6 1 2 2 2 0 8 21 1 0 0 12 1 0 0 0 4 1 0 0 0 0 2 3 2 0 -- 66.7% - 60.0% - 100.0% - 46.7% - 12.5% 0.0% - 100.0% -+ 9.1% - 50.0% -- 100.0% - 100.0% - 50.0% - 85.7% - 100.0% ----- 25.0% - 66.7% - 100.0% Greater Boston 98 83 -15.3% $392,500 $439,900 +12.1% 58 61 +5.5% 299 200 -33.1% Note: The "Greater Boston" figures are not a compilation or total of the individual areas. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.

Multi-Family Housing Activity Report – 3-Family Properties January 2014 Closed Sales Median Sales Price Days on Market Inventory 1-2013 Acton Arlington Ashland Attleboro Bedford Bellingham Belmont Boston Boxborough Brookline Burlington Cambridge Canton Carlisle Chelsea Concord Dedham Dover Everett Foxborough Framingham Franklin Holliston Hopkinton Hudson Lexington Lincoln Malden Mansfield Marlborough Maynard Medfield Medford Medway Milford Millis Milton Natick Needham Newton 1-2014 +/– 1-2013 1-2014 +/– 1-2013 1-2014 +/– 1-2013 1-2014 +/– 0 0 0 3 0 0 0 31 0 0 0 3 0 0 3 0 0 0 3 0 0 0 0 0 0 0 0 0 0 0 0 0 2 0 1 0 0 0 0 1 0 1 0 0 0 0 0 18 0 1 0 1 0 0 4 0 0 0 2 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 ---- 100.0% ---- 41.9% ---- 66.7% --+ 33.3% ---- 33.3% -------------- 100.0% -- 100.0% ----- 100.0% $0 $0 $0 $229,500 $0 $0 $0 $400,000 $0 $0 $0 $940,000 $0 $0 $355,000 $0 $0 $0 $413,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $490,000 $0 $239,000 $0 $0 $0 $0 $890,000 $0 $685,000 $0 $0 $0 $0 $0 $480,000 $0 $1,360,000 $0 $860,000 $0 $0 $368,000 $0 $0 $0 $472,500 $0 $0 $0 $0 $0 $352,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $490,000 $0 $0 $0 ---- 100.0% ---+ 20.0% ---- 8.5% --+ 3.7% ---+ 14.4% -------------- 100.0% -- 100.0% ----- 100.0% 0 0 0 20 0 0 0 64 0 0 0 43 0 0 9 0 0 0 39 0 0 0 0 0 0 0 0 0 0 0 0 0 71 0 160 0 0 0 0 46 0 43 0 0 0 0 0 54 0 9 0 8 0 0 39 0 0 0 91 0 0 0 0 0 110 0 0 0 0 0 0 0 0 0 0 0 145 0 0 0 ---- 100.0% ---- 15.5% ---- 81.3% --+ 336.1% ---+ 132.1% -------------- 100.0% -- 100.0% ----- 100.0% 0 0 4 7 0 0 0 70 0 2 0 4 0 0 5 0 0 0 10 0 4 1 1 0 3 1 0 3 1 3 0 0 1 0 3 0 0 0 0 1 0 0 0 6 0 1 0 59 0 0 0 1 1 0 3 0 0 0 3 1 1 0 0 0 0 1 0 4 2 4 0 0 1 0 0 0 0 0 0 0 --- 100.0% - 14.3% ---- 15.7% -- 100.0% -- 75.0% --- 40.0% ---- 70.0% -- 75.0% - 100.0% - 100.0% -- 100.0% 0.0% -+ 33.3% + 100.0% + 33.3% --0.0% -- 100.0% ----- 100.0% All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.

Multi-Family Housing Activity Report – 3-Family Properties (cont.) January 2014 Closed Sales Median Sales Price Days on Market Inventory 1-2013 1-2014 +/– 1-2013 1-2014 +/– 1-2013 1-2014 +/– 1-2013 1-2014 +/– Norfolk North Attleboro Norwood Plainville Quincy Revere Saugus Sharon Sherborn Somerville Southborough Stow Sudbury Walpole Waltham Watertown Wayland Wellesley Weston Westwood Winchester Winthrop Woburn Wrentham 0 1 0 0 2 0 0 0 0 2 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 --100.0% ---50.0% ----+50.0% ------------100.0% --- $0 $261,000 $0 $0 $466,500 $0 $0 $0 $0 $617,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $400,000 $0 $0 $0 $0 $0 $0 $638,000 $415,000 $0 $0 $0 $855,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 --100.0% --+36.8% ----+38.5% ------------100.0% --- 0 253 0 0 10 0 0 0 0 117 0 0 0 0 0 0 0 0 0 0 0 26 0 0 0 0 0 0 83 26 0 0 0 54 0 0 0 0 0 0 0 0 0 0 0 0 0 0 --100.0% --+730.0% -----54.1% ------------100.0% --- 0 2 1 0 4 4 0 0 0 4 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 6 0 0 1 3 1 0 0 2 0 0 0 0 1 0 1 0 0 0 0 2 0 0 -+200.0% -100.0% --75.0% -25.0% ----50.0% ----100.0% --100.0% --100.0% ------100.0% Greater Boston 53 34 -35.8% $405,000 $482,500 +19.1% 60 56 -7.5% 143 105 -26.6% Note: The "Greater Boston" figures are not a compilation or total of the individual areas. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.

Multi-Family Housing Activity Report – 4-Family Properties January 2014 Closed Sales Median Sales Price Days on Market Inventory 1-2013 Acton Arlington Ashland Attleboro Bedford Bellingham Belmont Boston Boxborough Brookline Burlington Cambridge Canton Carlisle Chelsea Concord Dedham Dover Everett Foxborough Framingham Franklin Holliston Hopkinton Hudson Lexington Lincoln Malden Mansfield Marlborough Maynard Medfield Medford Medway Milford Millis Milton Natick Needham Newton 1-2014 +/– 1-2013 1-2014 +/– 1-2013 1-2014 +/– 1-2013 1-2014 +/– 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 0 0 0 0 0 0 1 0 0 0 2 0 0 0 0 0 0 0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 -------+ 100.0% -- 100.0% ------------- 100.0% ------------------ $0 $0 $0 $0 $0 $0 $0 $400,000 $0 $1,850,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $363,750 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $965,000 $0 $0 $0 $0 $0 $0 $610,000 $0 $0 $0 $447,500 $0 $0 $0 $0 $0 $0 $0 $0 $590,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 -------+ 141.3% -- 100.0% ------------- 100.0% ------------------ 0 0 0 0 0 0 0 92 0 55 0 0 0 0 0 0 0 0 0 0 0 0 194 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 69 0 0 0 0 0 0 62 0 0 0 58 0 0 0 0 0 0 0 0 19 0 0 0 0 0 0 0 0 0 0 0 0 -------- 25.0% -- 100.0% ------------- 100.0% ------------------ 1 0 0 3 0 0 0 8 0 1 0 2 0 0 0 0 0 0 1 0 1 0 3 0 0 0 0 0 0 2 0 1 0 0 1 0 0 0 0 1 0 0 0 2 0 0 0 6 0 0 0 0 0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 - 100.0% --- 33.3% ---- 25.0% -- 100.0% -- 100.0% ------- 100.0% -- 100.0% -- 100.0% ------- 50.0% -- 100.0% --- 100.0% ----- 100.0% All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.

Multi-Family Housing Activity Report – 4-Family Properties (cont.) January 2014 Closed Sales Median Sales Price Days on Market Inventory 1-2013 1-2014 +/– 1-2013 1-2014 +/– 1-2013 1-2014 +/– 1-2013 1-2014 +/– Norfolk North Attleboro Norwood Plainville Quincy Revere Saugus Sharon Sherborn Somerville Southborough Stow Sudbury Walpole Waltham Watertown Wayland Wellesley Weston Westwood Winchester Winthrop Woburn Wrentham 0 0 0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ----0.0% -------------------- $0 $0 $0 $0 $432,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $548,438 $423,150 $0 $0 $0 $499,900 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ----+27.0% -------------------- 0 0 0 0 288 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22 293 0 0 0 78 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -----92.3% -------------------- 0 1 0 2 1 2 0 0 0 2 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 2 1 0 1 1 0 0 0 0 0 0 0 0 3 1 0 0 0 0 0 0 0 0 -+100.0% --100.0% 0.0% -50.0% ----100.0% ------------100.0% --- Greater Boston 5 11 +120.0% $400,000 $550,000 +37.5% 183 70 -61.9% 34 21 -38.2% Note: The "Greater Boston" figures are not a compilation or total of the individual areas. All data from MLS Property Information Network, Inc. Provided by Greater Boston Association of REALTORS®. Powered by 10K Research and Marketing.

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