2014 Brookline, MA Condo Sales Stats

Price Range # of Avg. Days Average Average SP:LP
Listings to Offer Sale Price List Price Ratio
$0 – $49,999 0 0 $0 $0 0
$50,000 – $99,999 0 0 $0 $0 0
$100,000 – $149,999 1 7 $140,000 $159,900 88
$150,000 – $199,999 1 17 $186,000 $189,000 98
$200,000 – $249,999 3 22 $237,500 $245,967 97
$250,000 – $299,999 7 17 $277,786 $286,571 97
$300,000 – $349,999 16 19 $329,968 $331,937 100
$350,000 – $399,999 30 17 $378,383 $376,833 101
$400,000 – $449,999 46 19 $423,724 $414,648 102
$450,000 – $499,999 35 20 $473,929 $461,300 103
$500,000 – $599,999 81 12 $548,815 $531,785 104
$600,000 – $699,999 59 11 $645,286 $613,769 105
$700,000 – $799,999 52 20 $746,965 $724,073 104
$800,000 – $899,999 42 26 $843,831 $823,252 103
$900,000 – $999,999 26 28 $942,154 $930,381 102
$1,000,000 – $1,499,999 63 43 $1,174,815 $1,160,716 102
$1,500,000 – $1,999,999 28 55 $1,647,679 $1,646,154 100
$2,000,000 – $2,499,999 4 55 $2,116,750 $2,028,000 105
$2,500,000 – $2,999,999 1 30 $2,600,000 $2,750,000 95
$3,000,000 – $3,999,999 0 0 $0 $0 0
$4,000,000 – $4,999,999 0 0 $0 $0 0
$5,000,000 – $9,999,999 0 0 $0 $0 0
$10,000,000 – $99,999,999 0 0 $0 $0 0
Total Properties 495 Avg. 23 $743,865 $728,713 103
Lowest Price: $140,000 Median Price: $640,000
Highest Price: $2,600,000 Average Price: $743,865
Total Market Volume: $368,213,122

2012 Brookline Condo Sales

Price Range # of Avg. Days Average Average SP:LP
Listings on Market Sale Price List Price Ratio
$0 – $49,999 1 59 $665 $615,000 0
$50,000 – $99,999 0 0 $0 $0 0
$100,000 – $149,999 0 0 $0 $0 0
$150,000 – $199,999 2 90 $195,000 $204,450 95
$200,000 – $249,999 18 135 $222,774 $231,260 96
$250,000 – $299,999 23 39 $277,986 $282,926 98
$300,000 – $349,999 63 56 $327,327 $334,226 98
$350,000 – $399,999 64 66 $378,108 $387,200 98
$400,000 – $449,999 46 54 $421,934 $431,085 98
$450,000 – $499,999 62 59 $475,334 $482,423 99
$500,000 – $599,999 92 44 $544,760 $550,017 99
$600,000 – $699,999 54 50 $638,367 $644,661 99
$700,000 – $799,999 43 87 $748,408 $755,477 99
$800,000 – $899,999 28 39 $840,998 $851,446 99
$900,000 – $999,999 15 62 $950,600 $977,667 97
$1,000,000 – $1,499,999 42 72 $1,197,100 $1,231,892 97
$1,500,000 – $1,999,999 6 68 $1,709,083 $1,627,000 108
$2,000,000 – $2,499,999 1 111 $2,000,000 $2,195,000 91
$2,500,000 – $2,999,999 0 0 $0 $0 0
$3,000,000 – $3,999,999 0 0 $0 $0 0
$4,000,000 – $4,999,999 0 0 $0 $0 0
$5,000,000 – $9,999,999 0 0 $0 $0 0
$10,000,000 – $99,999,999 0 0 $0 $0 0
Total Properties 560 Avg. 60 $574,295 $584,592 98
Lowest Price: $665 Median Price: $500,000
Highest Price: $2,000,000 Average Price: $574,295

Market cools slightly as we head into the fall sales season

After a blistering market in the Spring, things have cooled a bit.  We are currently seeing fewer multiple offers on Brookline, Brighton, Jamaica Plain, and Newton properties, which is our primary market.  Vanguard agents are seeing less competition among buyers, which is finally allowing just a little breathing room for buyers who like to deliberate.

With Labor Day now behind us, we will see what the fall selling season brings, we may be in for more craziness in the weeks to come.  Stay tuned for further updates!

New Market: March 2013 Update

As the runaway sales market continues it can be useful to stop, take a deep breath, and consider the difference between last year and this year.

In March of 2012 there were 148 condos available for sale in Brookline – on market an average of 60 days.  The median price was $534,000.00

This March there are less than half – only 71 condos available in Brookline, on market an average on 43 days (including a $3million condo on market for 534 days).  The median price is now $565,000.

Reviewing sold properties – in 2012, the average sale price to list price ratio was 98%.  Not quite three months into 2013, the ratio is now 101% – meaning the average sale price is 1% OVER asking…  And that’s just the sales that have closed YTD – only about one third (37) of the 103 condos that have gone under agreement since Jan 1, 2013.  As more sales close, we anticipate that the sale to list price ratio will increase.

For buyers, this info can help inform a winning offer – critical since many home buyers are facing multiple offer situations this year.

If you are considering buying – or selling – contact me for the current market analysis you need to know.

On Market Snapshot – Brookline Condos March 2012 vs 2013

Condo Sales 2012

Condo Sales 2013 YTD

 

Wine and Cheese Party - Nov 2012

Clients and friends mingle at the Wine & Cheese Party

Clients and friends mingle at the Wine & Cheese Party

On Wednesday, November 14th, 2012, the ‘Village Vanguard’ was transformed from Real Estate office to urban hot spot for the first Wine and Cheese Party.

Hosted by Blake Sherwood and Cheryl Snyder, nearly 30 people enjoyed an evening of mingling, wine tasting, and amazing cheese and bread.  This event, a year end thank you for clients and friends, was the first of what we plan will be regular events in the Brookline Village office – bringing people together in a friendly environment to enjoy locally sold food and drinks.  Everyone agreed it was a fun and delicious evening!

John from the Wine Gallery (Cypress & Washington Streets) conducted a fantastic wine tasting, featuring wines from Spain:

http://www.sumarroca.es/eng/Wines-and-Cavas/Whites/Temps-de-Flors

http://www.enyegroup.com/wineries/tempore-wines/vino-de-la-tierra-de-bajo-aragon/bodegas-tempore/esenzia

http://www.sonsierra.com/index.php/

Blake chose a variety of outstanding cheeses from Formaggio Kitchen in Cambridge:

http://www.sellingbrookline.com/wp-content/uploads/2012/11/Cheeses-2012.pdf

Cheryl selected several breads from Clear Flour Bread (Thorndike Street):

http://clearflourbread.com/

Delicious cheese and bread for all to enjoy!

Delicious cheese and bread for all to enjoy!

Boston School of Boabom

As much as Brookline likes to distinguish itself from Boston, we are privileged to be the current home of Boston School of Boabom, the first US School dedicated to Boabom.  Boabom is a unique art of movement & meditation.  First practiced in ancient Tibet, Boabom focuses on relaxation, meditation, breathing, and defense.
Boabom is a non-competitive, non-contact defensive art with two basic forms:
  • gentle Boabom (Seamm-Jasani) is a combination of relaxation and active movements and breathing
  • Boabom (Osseous Boabom) develops fast reactions, speed, agility, balance, concentration, and self-control
Boabom is a great alternative if yoga and/or Pilates aren’t doing it for you anymore.  The classes are taught in a progressive manner, and free intro classes are offered every week.  The teachers and students are welcoming and genuinely interested and supportive.
Located on Harvard Street, above Brookline Lock.
Try a free intro class and see what you think!

http://bostonboabom.com/

Village Green Renewal

Village Green Renewal

Brookline Village, like other parts of Brookline, has a distinct personality. Whereas Coolidge Corner is the retail hub, The Village has a much calmer vibe. For me, the difference is urban versus, well, village!

There are many unique and wonderful shops in The Village – one of my current favorites is Village Green Renewal. Tucked just off Washington Street on Davis Ave, Village Green Renewal embodies Brookline’s love of both past and future. Reduce, reuse, recycle – if you want to find or fix an old hinge or door lock rather than trash and replace it, this is the place to go. Village Green Renewal can repair just about anything – from armoires to light fixtures.

Last year the skilled and dedicated owner, Seth Barrett, carefully mended the broken leg on my great-grandmother’s china doll; said leg had been broken for many years. It is a joy to look at her now, no longer an amputee. Village Green Renewal also offers in-home handyman services.

From fixing loose towel rods to hanging shelves and shades, they can help with household projects big and small. So don’t throw it away – bring it to Village Green Renewal and let them make it all better for you!

http://www.greenbrookline.com/index.html

2011 Brookline Condo Sales

Here are 2011 sales statistics for all condos sold in Brookline for 2011.

Price Range # of
Listings
Avg. Days
on Market
Average
Sale Price
Average
List Price
SP:LP
Ratio
$150,000 – $199,999 6 59 $186,667 $201,233 93
$200,000 – $249,999 17 82 $221,029 $229,064 97
$250,000 – $299,999 29 80 $279,820 $291,596 96
$300,000 – $349,999 54 80 $327,906 $340,622 96
$350,000 – $399,999 44 79 $374,432 $386,182 97
$400,000 – $449,999 54 85 $422,167 $434,621 97
$450,000 – $499,999 39 61 $476,095 $489,382 97
$500,000 – $599,999 66 64 $544,807 $554,962 98
$600,000 – $699,999 59 53 $650,284 $663,397 98
$700,000 – $799,999 32 52 $743,675 $761,966 98
$800,000 – $899,999 26 110 $850,606 $876,408 97
$900,000 – $999,999 12 113 $951,817 $974,833 98
$1,000,000 – $1,499,999 28 104 $1,208,086 $1,232,746 98
$1,500,000 – $1,999,999 7 98 $1,690,214 $1,849,720 92
Total Properties 473 Avg. 75 $562,063 $578,434 97
Lowest Price: $175,000 Median Price: $490,000
Highest Price: $1,900,000 Average Price: $562,063
Total Market Volume: $265,856,012

2012 Brookline Sales Statistics

The following are real estate sales stats for all properties sold in Brookline for 2011 (according to MLS), showing the number of listings sold in each price range, average days on market, average sale price and average listing price.

The column labeled “SP:LP” shows the average listing-to-sale price ratios in percentage terms.

Note that this chart includes condos, single families, and multi family properties.

Price Range # of
Listings
Avg. Days
on Market
Average
Sale Price
Average
List Price
SP:LP
Ratio
$150,000 – $199,999 6 59 $186,667 $201,233 93
$200,000 – $249,999 18 83 $221,806 $231,616 96
$250,000 – $299,999 29 80 $279,820 $291,596 96
$300,000 – $349,999 54 80 $327,906 $340,622 96
$350,000 – $399,999 44 79 $374,432 $386,182 97
$400,000 – $449,999 56 87 $422,964 $435,885 97
$450,000 – $499,999 39 61 $476,095 $489,382 97
$500,000 – $599,999 82 84 $545,666 $560,005 98
$600,000 – $699,999 71 62 $649,074 $664,128 98
$700,000 – $799,999 46 60 $743,172 $764,474 97
$800,000 – $899,999 39 114 $845,655 $871,297 97
$900,000 – $999,999 27 87 $943,993 $977,889 97
$1,000,000 – $1,499,999 85 109 $1,219,722 $1,272,562 96
$1,500,000 – $1,999,999 31 102 $1,715,571 $1,803,672 96
$2,000,000 – $2,499,999 15 127 $2,234,900 $2,360,400 95
$2,500,000 – $2,999,999 7 159 $2,711,696 $2,784,714 98
$3,000,000 – $3,999,999 5 337 $3,319,400 $3,676,000 91
$4,000,000 – $4,999,999 4 187 $4,656,250 $4,924,950 95
Total Properties 658 Avg. 88 $786,827 $818,233 97
Lowest Price: $175,000 Median Price: $600,000
Highest Price: $4,900,000 Average Price: $786,827
Total Market Volume: $517,732,462

June Market Snapshot

Brookline Village

Market Snapshot

Total Properties Listed: 12

Month-Over-Month Change: -36.84%

Average List Price: $355,990

Month-Over-Month Change: -13.02%

Median List Price: $362,000

Month-Over-Month Change: -2.69%
Typical Property

Condo
1.9 Bedrooms
1.3 Baths
$355,990 Average List Price
$395/SqFt Average Price per SqFt.

Average Price by Bedrooms:

1 Bedroom:   $262,000
2 Bedrooms: $380,128
3 Bedrooms: $375,000
4 Bedrooms: N/A
5 Bedrooms: N/A