42 Chauncy St - Unit 7A Boston, MA : Midtown 02111-2325
List Price: $1,100,000
Territory Rebate: $22,505

Sophisticated loft located in the heart of Midtown in an elevator building. Renovated to exacting standards, this masterpiece features a living room boasting floor to ceiling windows and 17′ ceilings, marble state-of-the-art kitchen, dining area, master bedroom with floor to ceiling custom closets, en suite master bath with Serenity tub and second story loft space featuring media room, office and sleeping alcove. Central air, gas cooking, abundant storage and rental garage parking for 2 cars.

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Listing courtesy of Diane Davidson @ Keller Williams. This property information was gathered from third party sources including the seller and public records and was complied by MLS Property Information Network, Inc. Territory Real Estate, LLC disclaims any and all representations or warranties as to its accuracy.

MLS # 71006929
80 Summer St. - Unit 5 Boston, MA : Financial District 02110
List Price: $649,000
Territory Rebate: $7,985

Amazing, modern, furnished loft, 2 Bedroom, 2 bath. High ceilings,great skylights, hardwood floors. Perfect for Live and Work, equiped wiht high speed internet. No need for a car. live in the hart of Downtown Crossing. Pet Friendly, Huge Kohler Tub. Been owner occupied for 9 years. Close to everything. Live Work Zoning.

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Listing courtesy of Lanie Donlan @ Real Mont RE. This property information was gathered from third party sources including the seller and public records and was complied by MLS Property Information Network, Inc. Territory Real Estate, LLC disclaims any and all representations or warranties as to its accuracy.

199 State St - Unit 702 Boston, MA : Waterfront 02109
List Price: $709,000
Territory Rebate: $12,730

Greenway Place Penthouse Condo overlooking Rose Kennedy Greenway, Columbus Park & The Boston Harbor. Modern building renovated 3 1/2 years ago. Once in a lifetime opportunity to own a stunning duplex corner unit. Unbelievable views, gourmet kitchen, custom built baths, working gas fireplace and modern design elements that compliment the space while honoring & preserving most of the historic elements of this building. Beautiful steel balcony with mohagony detail. Private storage

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Listing courtesy of Herion Karbunara @ H & Co. Real Estate. This property information was gathered from third party sources including the seller and public records and was complied by MLS Property Information Network, Inc. Territory Real Estate, LLC disclaims any and all representations or warranties as to its accuracy.

40-44 Harrison Avenue - Unit 9A Boston : Leather District, MA 02111
List Price: $359,000
Territory Rebate: $3,980

Best new condo value in Midtown Boston. Walking distance to T, Tufts Medical, Financial & Theatre District and South Station. Hand-crafted wood work & granite, hi-end finishing & appliances, One bedroom with huge walk in closet, washer/dryer hook-up, accented with loft size energy efficient aluminum windows and high ceiling.

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Listing courtesy of Judy Song @ Magic Realty Investment Services. This property information was gathered from third party sources including the seller and public records and was complied by MLS Property Information Network, Inc. Territory Real Estate, LLC disclaims any and all representations or warranties as to its accuracy.

199 State Street aka Greenway Place is one of my favorite buildings. The problem is that it hit the market with pricing over $850 per sqft while the Rose Kennedy Greenway was a big dust bowl.

When I first toured the building I thought the prices were high but then I considered that the buliding is new (old building, gut renovated) with quality finishes, a beautiful view and a fantastic location.

Over the next 260 + days I watched the 11 units in the building sit and sit and sit some more. I think the pricing, the lack of parking and the strip of dirt across the street accounted for the delay in sales. Eventually the developer took to renting the units out.

At the end of February the only unit still being offered for sale (Unit 702) incurred the kind of price drop you expect to see from a condo located on the Miami River. The price was changed from $1,400,000 to $844,000, a drop of almost 40%.

Unit 702, a 2 bedroom 1637 sqft condo, now stands at $515 per sqft, a price similar to what you would pay for new construction in Brookline or South Boston (two inferior locations). The Rose Kennedy Greenway is almost complete, it even has grass and a number of trees. Lack of parking is still an issue but there are plenty of rental garages in the area so just add $350 to the $823 condo fee.

The point is that this is a great deal. The developer (assessor data shows the unit sold in ‘07 for $900,000, does anyone know if this is correct?) has under priced the unit, trying to find the bottom of the market. Once they sell this one you can bet that other 10 units will hit the market at a higher price per square foot.

We believe the best way to predict a market’s future is to examine simple supply and demand statistics. With Mr. Adam Smith as our inspiration we have examined supply and demand for real estate listings in Boston’s sub-neighborhoods.

We looked at single family, multifamily, condo and land listings. To determine supply we measured the number of listings currently on the market. To determine demand we measured the absorption rates (average number of listings sold per month) over the past year. All figures have been rounded off.  Arguably, the higher the supply to demand ratio the more pessimistic one should be about the market’s future.

Allston:
Supply = 51 listings
Demand = absorption rate of 10 per month
Supply / Demand Ratio = 5 months

Back Bay:
Supply = 183 listings
Demand = absorption rate of 37 per month
Supply / Demand Ratio = 5 months

Bay Village:
Supply = 3 listings
Demand = absorption rate of 1 per month
Supply / Demand Ratio = 3 months

Beacon Hill:
Supply = 107 listings
Demand = absorption rate of 14 per month
Supply / Demand Ratio = 8 months

Brighton:
Supply = 144 listings
Demand = absorption rate of 33 per month
Supply / Demand Ratio = 4 months

Charlestown:
Supply = 161 listings
Demand = absorption rate of 30 per month
Supply / Demand Ratio = 5 months

Chinatown:
Supply = 1 listings
Demand = absorption rate of 1/12 per month
Supply / Demand Ratio = 12 months

Dorchester:
Supply = 721 listings
Demand = absorption rate of 60 per month
Supply / Demand Ratio = 12 months

East Boston:
Supply = 259 listings
Demand = absorption rate of 19 per month
Supply / Demand Ratio = 14 months

Financial District:
Supply = 1 listings
Demand = absorption rate of 3/4 per month
Supply / Demand Ratio = 2 months

Fort Hill:
Supply = 19 listings
Demand = absorption rate of 3 per month
Supply / Demand Ratio = 6 months

Hyde Park:
Supply = 166 listings
Demand = absorption rate of 18 per month
Supply / Demand Ratio = 9 months

Jamaica Plain:
Supply = 151 listings
Demand = absorption rate of 44 per month
Supply / Demand Ratio = 3 months

Leather District:
Supply = 18 listings
Demand = absorption rate of 3 per month
Supply / Demand Ratio = 6 months

Mattapan:
Supply = 109 listings
Demand = absorption rate of 7 per month
Supply / Demand Ratio = 16 months

Midtown:
Supply = 32 listings
Demand = absorption rate of 4 per month
Supply / Demand Ratio = 8 months

Mission Hill:
Supply = 8 listings
Demand = absorption rate of 3 per month
Supply / Demand Ratio = 3 months

North End:
Supply = 58 listings
Demand = absorption rate of 8 per month
Supply / Demand Ratio = 7 months

Roslindale:
Supply = 151 listings
Demand = absorption rate of 22 per month
Supply / Demand Ratio = 7 months

Roxbury:
Supply = 132 listings
Demand = absorption rate of 6 per month
Supply / Demand Ratio = 22 months

Seaport District:
Supply = 24 listings
Demand = absorption rate of 4 per month
Supply / Demand Ratio = 6 months

South Boston:
Supply = 271 listings
Demand = absorption rate of 56 per month
Supply / Demand Ratio = 5 months

South End:
Supply = 221 listings
Demand = absorption rate of 54 per month
Supply / Demand Ratio = 4 months

The Fenway:
Supply = 78 listings
Demand = absorption rate of 13 per month
Supply / Demand Ratio = 6 months

Theatre District:
Supply = 0 listings
Demand = absorption rate of 1/12 per month
Supply / Demand Ratio = 0 months

Waterfront:
Supply = 91 listings
Demand = absorption rate of 9 per month
Supply / Demand Ratio = 10 months

West End:
Supply = 23 listings
Demand = absorption rate of 3 per month
Supply / Demand Ratio = 8 months

West Roxbury:
Supply = 121 listings
Demand = absorption rate of 29 per month
Supply / Demand Ratio = 4 months