See photos and updates from listings directly in your feed
Share your favorite listings with friends and family
Save your search and get new listings directly in your mailbox before everybody else
Welcome to The Griffin Real Estate Market Update.
If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.
According to MLSPIN, the marketplace for Beacon Hill residential properties, here’s what happened in Q3 2022 versus Q3 2021:
The Number of SOLD listings decreased by 29% to 40 properties with a top sale of $13 million at 5 Louisburg Square in Boston.
The Average Sales Price increased by 14% to $2.32 million moving the Average Price Per Square Foot up to $1235 per square foot.
The inventory of properties available for sale as measured in months supply increased by 15% to 3.92 months worth of properties for sale.
The average 30 year fixed mortgage rate increased to 3.05% according to Bank Rate.com.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Beacon Hill
Average Sales Price
Q3 2021 – $2028873.66
Q3 2022 – $2319215
increased by 14%
Average Days On Market
Q3 2021 – 53
Q3 2022 – 50
decreased by 6%
Average Sale Price Per Square Foot
Q3 2021 – $1217.51
Q3 2022 – $1234.51
increased by 1%
Sale to List Price Ratio
Q3 2021 – 97.25%
Q3 2022 – 96.87%
had no change with
Number of Sold Listings
Q3 2021 – 56
Q3 2022 – 40
decreased by 29%
Months Supply of Inventory
Q3 2021 – 3.4
Q3 2022 – 3.92
increased by 15%
Mortgage Rate
Q3 2021 – 6.73%
Q3 2022 – 3.05%
121% increased
Top 10 Sales
- $13000000 5 Louisburg Square Boston, MA
- $7750000 98 Mount Vernon Street Boston, MA
- $6900000 88 Beacon Street #3 Boston, MA
- $5800000 54 Pinckney St Boston, MA
- $5700000 10 West Cedar Street Boston, MA
- $3900000 71 Mount Vernon Street #3-#5 Boston, MA
- $3850000 68 Pinckney St Boston, MA
- $3850000 20 Charles River Square Boston, MA
- $3600000 88 Chestnut Street Boston, MA
- $2940000 86 Myrtle St Boston, MA
GRAB OUR FREE COURSES
6 Steps To Home Buyer Success – http://griffinbuyercourse.com 7 Steps To Home Seller Plan – http://griffinsellercourse.com 8 Steps To Agent Success – http://griffinagentcourse.com
