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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 Q1 2023 versus Q1 2022:
The Number of SOLD listings decreased by 34% to 21 properties with a top sale of $7.95 million at 22 W Cedar St in Boston.
The Average Sales Price decreased by 1% to $1.81 million moving the Average Price Per Square Foot up to $1163 per square foot.
The inventory of properties available for sale as measured in months supply increased by 61% to 3.63 months worth of properties for sale.
The average 30 year fixed mortgage rate increased to 4.73% according to Bank Rate.com
If you’re thinking about buying or selling residential real estate now or in the near future, it’s important to seek the guidance and advice of a professional real estate agent.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate
Market Update.
Beacon Hill
Average Sales Price
Q1 2022 – $1841180.16
Q1 2023 – $1813778.33
decreased by 1%
Average Days On Market
Q1 2022 – 82
Q1 2023 – 63
decreased by 23%
Average Sale Price Per Square Foot
Q1 2022 – $1125.53
Q1 2023 – $1163.44
increased by 3%
Sale to List Price Ratio
Q1 2022 – 96.41%
Q1 2023 – 96.56%
had no change with
Number of Sold Listings
Q1 2022 – 32
Q1 2023 – 21
decreased by 34%
Months Supply of Inventory
Q1 2022 – 2.25
Q1 2023 – 3.63
increased by 61%
Mortgage Rate
Q1 2022 – 6.48%
Q1 2023 – 4.73%
37% increased
Top 10 Sales
- $7950000 22 W Cedar St Boston, MA
- $4375000 62 Mount Vernon Boston, MA
- $3350000 32 Derne St #3A Boston, MA
- $3250000 63 Mount Vernon Street #6 Boston, MA
- $2975000 13 Anderson Boston, MA
- $1761000 3 Walnut Street #1 Boston, MA
- $1600000 23 South Russell St Boston, MA
- $1600000 79 Myrtle St #4 Boston, MA
- $1525250 40 Joy St #2 Boston, MA
- $1330000 61 Beacon St #3 Boston, MA
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