You are on page 1of 97

BOSTON

ALLSTON/Brighton
Back Bay
Beacon Hill
Charlestown

CONDO
chinatown/theater district
dorchester
east boston
fenway/kenmore

MARKET
financial district
hyde park
jamaica plain
leather district

2009
mattapan
midtown
north end

YEAR END
roslindale
roxbury
seaport

REPORT
south boston
south end
waterfront
WEST End
West roxbury A DECADE IN REVIEW

CHARLESGATE
REALTYGROUP
boston condo market | forward

Dear Reader,

Thank you for taking the time to review our Boston Condo Market Report.
When Charlesgate Realty Group was founded almost 7 years ago we defined
the following as our vision:

To be the pacesetter within the real estate industry, and within our
community, by empowering consumers to make smart decisions
through education, local expert knowledge, and innovative service.

I thoroughly believe this report exemplifies that vision of education, expertise,


and innovation. Simply put - this is the most comprehensive market report
ever created for the Boston marketplace. All the credit goes to my business
partner, Michael DiMella, who worked tirelessly putting this together. Leverag-
ing his real estate experience, educational background in economics, and on-
going leadership in our local, state, and national Realtor associations, no one
is more qualified to put a report of this depth together. Whether a consumer in
the Boston market or an industry professional, we will all benefit greatly from
this report. On top of Michael’s excellent work I also want to thank Tara Peter-
son, our Marketing and Graphic Design Associate, for all of her great design
work in making the presentation coincide with the caliber of the data therein.

We sincerely hope that anyone who reads this report walks away feeling not
only more informed, but more confident to enter this marketplace, whether it
be as buyer, a seller, or an interested observer. We wish all of our clients, col-
leagues, and friends all the best in 2010 and beyond.

Sincerely,

P.T. Vineburgh
Founding Partner
PART ONE: CITYWIDE MARKET PART FOUR: THE NEIGHBORHOODS
Citywide Market pg. 005 pg. 023 State of the Neighborhoods
pg. 025 In This Section
PART TWO: DOWNTOWN MARKET pg. 026 Allston
Downtown Market pg. 011 pg. 028 Back Bay
pg. 032 Beacon Hill
PART THREE: LUXURY MARKET pg. 036 Brighton
Luxury Market pg. 017 pg. 038 Charlestown
pg. 042 Dorchester
pg. 044 East Boston
pg. 046 Fenway
pg. 050 Hyde Park
pg. 052 Jamaica Plain
pg. 055 Leather District
pg. 059 Mattapan
pg. 061 Midtown
pg. 065 North End
pg. 069 Roslindale
pg. 071 Roxbury
pg. 073 Seaport
pg. 077 South Boston
pg. 081 South End
pg. 085 Waterfront
pg. 089 West End
pg. 093 West Roxbury

PART FIVE: ABOUT THIS REPORT


pg. 096 About /Contact Information
pg. 097 Spread The Word

table of contents
SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | INTRODuCTION 004
For years I’ve successfully avoided writing an annual report on the Boston condo SOURCE DATA
market. It’s been something I’ve meant to do every year, but maybe I was scared The data used for this analysis comes from our two multiple listing services in Bos-
off by the time commitment, the difficulty in accessing and preparing all the sales ton - Listing Information Network (LINK), which compiles full sales data for the core
data, or creating a way to present the information in an easily to understand man- neighborhoods of Boston from both real estate broker assisted sales and public
ner. But using the “end of the decade” as my impetus, I’ve finally brought myself record closings and MLSpin, the statewide multiple listing service covering most of
to completing the report. And I’m glad I did. I think you’ll find valuable information Massachusetts.
inside - a very thorough review of the Boston condo market from 2000 to 2009.
While I’ve made every effort to ensure the accuracy of the data presented here, I
WHY WRITE THIS? was working with nearly 82,000 rows of sales data from the past 10 years from two
There was no comprehensive source of information on the Boston city market. different multiple listing services. As much as I hate to admit it, whether from the
Sure, you’ll see headlines in the newspapers or on TV about the “Boston real es- source data itself or from my own calculations, there is possibly an error or two in
tate market” but, almost always, the reports don’t actually refer to the Boston city what follows. What I am saying is don’t take this report as gospel and don’t use it
market. From the headlines (and even the content of the stories), it is hard to tell as the sole basis for any decisions you make. For that matter, don’t take any sta-
what market or market segment is really being reported on. Sometimes, “Boston tistics or market news as the final truth. Rely on your own eyes and ears, and get
real estate prices” refer to the Greater Boston area single family prices; other times expert local advice when needed.
“Boston real estate market” refers to prices, or maybe to the number of sales.
Then you have to find what the prices or sales are compared to. The previous AREAS COVERED
month? The previous year? Important facts that are often times not clear. Citywide – Sales in all Boston neighborhoods are included in the “Citywide”
section.
Or, for example, take the widely regarded Case-Schiller price index (a brilliant Luxury – Only sales with a sale price of $1,000,000 or above are included for
methodology for measuring prices, by the way). You’ll see reports on it showing “Luxury” market analysis.
“Boston prices” are up or down. Yet the index measures prices of single family Downtown – Sales in the Back Bay, Beacon Hill, Fenway, Midtown, North End,
homes over a geographic area from Cape Cod all the way into New Hampshire. A South End, West End, and Waterfront neighborhoods are included in the
great regional indicator for sure, but hardly representative of the Boston city market “Downtown” section.
in location or in type of sales - 67% of the Boston city market is condo sales (17% Neighborhoods – Each neighborhood in Boston gets its own individual section as
is single family, and 16% is multifamily). That’s why I use condo sales in this report well.
– they are more representative of the market in Boston in most neighborhoods
(though I may add single family and multi-family supplements in the future).
ENJOY!
I hope you find this information as valuable as I do and that it helps you understand
Even given the fact that many neighborhoods follow citywide trends, one thing
the Boston market better! My plan is to update it every 6 months with the most re-
that stands out and is a continued point of emphasis for me, is how much variation
cent sales data to continue to provide relevant, timely data. You can also get more
there is from neighborhood to neighborhood. With average neighborhood prices
consistent updates on the market by subscribing to my Boston real estate blog at:
in 2009 ranging from $100,000 to over $1,000,000, Boston is very much a city of
http://blog.charlesgaterealty.com.
unique neighborhood markets - there’s really no such thing as the “Boston real
estate market” as this report shows.
And don’t forget to share this report with friends – just use the links at the bottom
of every page to instantly share by email or on Facebook, LinkedIn, and Twitter!
That’s a longwinded way of writing that I am trying to show the Boston city market
Enjoy the report!
and its component segments in a clear, informative way with this report. It only
contains condo sales data from Boston and shows market information over a long
Michael DiMella
enough period of time to build some context around the “point-in time” monthly
Feb 10, 2010
data that usually gets reported.
005

PART ONE:
CITYWIDE
MARKET

in this section:
Citywide Market
boston condo market | CITYWIDE 006

In this
section
: THE cit
ywide M
ARKET

This citywide section examines sales in all Boston neighborhoods. Following,


you’ll find four pages of key market information. The first two pages look at the
market dynamics over time (both the decade and the last three years), while
the last two pages show 2009 in more detail with a breakdown of the market by
bedrooms and by square footage before diving into discount rates and condo fee
analysis. The source of this data is both LINK and MLSpin.

The first page of this section displays the pricing indicators and other key mar-
ket indicators on a grid for the past 3 years and at the beginning of the decade.
Graphs of average pricing and total market volume show changes over time for
pricing and the total condo market size for the entire city.

Page two offers three comparisons showing market changes over time. For each,
there is a 10 year graph showing annual data above and a deeper look at the past
3 years with quarterly numbers displayed directly below. The first graph shows
average prices. The second graph shows the number of sales. The third graph
shows average discount (which is the light blue column measured on the left axis)
and average days on market (the dark blue line measured on the right axis).

Page three displays sales data for 2009, but broken down into bedroom segments
in the top grid and into square footage segments in the bottom grid. This is a
closer look at how the market is performing by size and by bedroom segments and
how those segments contribute to the overall market stats.

Page four offers a quick comparison of all the Boston neighborhoods based on
2009 sales data. The upper left graph displays number of sales for each neighbor-
hood, ranked largest to smallest. The bottom left graph shows average price per
square foot for each neighborhood. On the right side of the page, the top graph
shows average price by neighborhood and the bottom graph shows average dis-
count rate by neighborhood.

Of course, I am always happy to answer any questions you may have:


mdimella@charlesgaterealty.com

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | CITYwide 007
2009 brought significant change to the citywide
Boston condo market. The financial meltdown of
late 2008 led to a sharp drop in Boston market ac-
tivity through much of 2009. After the meltdown,
the previously steady downtown and luxury
segments of the market severely constricted in
terms of number of sales, especially in Q1 and Q2
2009. Without those sales (and corresponding
above average sale prices) buoying the citywide
price indicators (average price, average price per
square foot, and median price), they all dropped
substantially in 2009.

Citywide median prices fell 7.9% while the number of sales declined 10.8%. With sales As you can see in the charts, the substantial weakness in 2009 meant prices have clearly
and prices down, total market volume (a measure of the “size” of the market in terms of receded from their peak, but over the decade citywide median prices settled at a modest
total dollar value of all properties sold), fell over 25% citywide. 24% gain (and many of the individual neighborhoods substantially outperformed that
with 17 of 22 neighborhoods seeing median price increases of over 25%). This section
Market indicators (average days on market and discount from list price) were also weaker contains the citywide data in whole plus some neighborhood comparison data for 2009
in 2009. Average days on market was up from 99 in 2008 to 111 in 2009, and average to show the relative differences in the neighborhood markets, but the neighborhood sec-
discount was up to 3.7% from 2.9% in 2008. Both of those indicators weakened over the tions will have much more individual detail.
past 4 years.

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | CITYwidE 008

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | CITYwidE 009

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | CITYwide 010

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
011

PART TWO:
DOWNTOWN
MARKET

in this section:
Downtown Market Overview
(Combined Back Bay, Beacon Hill, Fenway, Midtown,
North End, South End, West End, and Waterfront)
boston condo market | DOWNTOWN 012

In this
section
: THE do
wntow
n market

The downtown market is made up of the Back Bay, Beacon Hill, Fenway, Midtown, blue line (measured on the right axis) shows the percentage of condos that sold
North End, South End, Waterfront, and West End neighborhoods. within that days on market segment.

In this section, you’ll find four pages of key market information. The first two The bottom left graph is very similar to the one above it, except it shows price
pages look at the market dynamics over time (both the decade and the last three range segments rather than days on market segments.
years), while the last two pages show 2009 in more detail with a breakdown of the
market by bedrooms and by square footage before getting into discount rates and On the right side of the page, the top graph shows average condo fee by price
condo fees analysis. The main source of data for this section is LINK. range and the bottom graph displays the average condo fee for full service
buildings (typically newer construction with concierge level services) compared to
The first page will display the average pricing and key market indicators on a grid smaller (typically brownstone type) buildings for a given neighborhood.
for the past 3 years and at the beginning of the decade. Graphs of average pric-
ing and total market volume will show changes over time for pricing and the total Of course, I am always happy to answer any questions you may have:
market size downtown.
mdimella@charlesgaterealty.com
Page two offers three comparison graphs showing market changes over time.
For each graph there is a 10 year graph showing annual data and a closer look at
the past 3 years with quarterly numbers displayed directly below. The first graph
shows average prices. The second graph shows average price per square foot
(the light blue line measured on the left axis) and the number of sales (dark blue
columns measured on the right axis). The third graph shows average discount
(both from original list price and from final list price after all price reductions are
taken) which are the medium and light blue columns measured on the left axis, and
average days on market, the dark blue line measured on the right axis.

Page three displays sales data for 2009, but broken down into bedroom seg-
ments in the top grid and into square footage segments in the bottom grid. This is
a closer look at how the market is performing in different segments and how those
segments may differ from the overall market stats.

Page four also uses 2009 sales data.

The upper left graph displays discount rates (from original price and from final list
price after reductions) shown in the dark blue and medium blue columns measured
on the left axis for every 30 days of market time. This indicates what percentage
was typically negotiated off the list price as days on market increases. The light

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | DOWNTOWN 013
The Downtown market segment has been the
(mostly) stable core of the Boston market. While
the number of sales annually has fallen every year
since 2004, prices have remained remarkably re-
silient, with the median price downtown up 57%
since the beginning of the decade. Compared
to 2008, the 2009 average price fell, but that’s a
bit misleading because 2008 average prices were
driven “artificially” higher by an abnormally large
number of downtown super luxury sales (espe-

cially at the Mandarin Oriental in the Back Bay, which had 47 closings itself in Septem- Median prices in 2009 were up slightly from 2007 although total market volume is down
ber and October of 2008 at an average price of $4.6M – most of the units were presold due to the number of sales continuing to decline. Market indicators - days on market and
prior to completion and therefore had virtually simultaneous closing when the building discount rate – have been up since 2004 clearly showing the downtown market condi-
opened for occupancy). tions weaken even as prices stayed mostly stable even into the economic downturn.

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | DOWNTOWN 014

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | DOWNTOWN 015

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | DOWNTOWN 016

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
017

PART THREE:
LUXURY
MARKET

in this section:
Luxury Market
(Sales of $1,000,000 and above)
boston condo market | luxury 018

In this
section
: the lu
xury market

The luxury market consists of only $1,000,000 and above condo sales from any market market (shown on the light blue line) that those sales made up over the
neighborhood in the city. course of the decade.

In this section, you’ll find three pages of key market information. The first two Of course, I am always happy to answer any questions you may have:
pages look at the market dynamics over time (both the decade and the last three
years), while the last page shows other key market information, including the per- mdimella@charlesgaterealty.com
centage of $1M+ sales and $1000+ per square foot sales compared to the entire
citywide market. The main source for this data is LINK.

The first page displays the pricing indicators and other key market indicators on
a grid for the past 3 years and at the beginning of the decade. Graphs of average
pricing and total market volume show changes over time for pricing and the total
market size in the luxury market.

Page two offers three comparisons showing market changes over time. For each,
there is a 10 year graph showing annual data above and a deeper look at the past
3 years with quarterly numbers displayed directly below. The first graph shows
average prices. The second graph shows average price per square foot (the light
blue line measured on the left axis) and the number of sales (dark blue columns
measured on the right axis). The third graph shows average discount (both from
original list price and from final list price after all price reductions are taken) which
are the medium and light blue columns measured on the left axis, and average
days on market, the dark blue line measured on the right axis.

Page three displays a number of interesting graphs.

The upper left graph displays the annual number of $1M+ sales in the blue col-
umns along with the percentage of the entire citywide market (shown on the light
blue line) that those sales make up over the course of the decade.

The bottom left graph is very similar to the one above it, except it shows 3 years of
quarterly data rather than decade long annual data above.

On the right side of the page, the top graph displays the annual number of $1000+
per square foot sales in the blue columns along with the percentage of the luxury

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | Luxury 019
Over the decade, the median price for the
luxury market has remained fairly flat, with the
exception of 2008, in which prices spiked due
to a large number of $3M+ closings during
quarters 3 and 4 (clearly seen in the total mar-
ket volume graph), mostly in the Mandarin Ori-
ental building in the Back Bay. Median prices
declined a modest 5% overall over the entire
period. However, average price per square foot
has increased over the decade, and in conjunc-
tion with the slight decrease in median prices,

this shows that luxury condos are getting slightly smaller in average size. While pricing
has remained stable (other than the obvious decrease from 2008 to 2009), consider-
able weakness can be seen in 2009 in the number of sales, days on market, and dis-
count rates – all worse than the past few years. With the abundance of new develop-
ment condos priced in the $1M+ price range currently available, it will be interesting to
see if pricing holds steady if there is continued weakness in this segment.

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | Luxury 020

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | Luxury 021

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
022

PART FOUR:
THE
NEIGHBORHOODS

in this section:
Allston
Back Bay
Beacon Hill
Charlestown
Dorchester
East Boston
Fenway/Kenmore
Hyde Park
Jamaica Plain
Leather District
Mattapan
Midtown
North End
Roslindale
Roxbury
Seaport
South Boston
South End
Waterfront
West End
West Roxbury
boston condo market | the neighborhoods 023

state of
the nei
ghborh
oods

As I wrote in the introduction, the citywide market stats don’t tell the whole story. When
examining the neighborhood by neighborhood prices that you’ll see in this section,
the average of the median price changes since 2000 for all the neighborhoods was an
increase of 58.9%. That’s a little confusing, but what it means is that, on average, when
looking at the individual neighborhoods we see a much more substantial price improve-
ment than occurred citywide over the past decade. In fact of the 22 neighborhoods in
this report, 17 saw median price gains of more than 25% over the decade.

There has been substantial weakness in many neighborhoods in the past 3 years, espe-
cially those that were harder hit by foreclosures and bank sales. But there were many
strong performers as well, even in the face of a major economic downturn.

I don’t have commentary for each neighborhood, but instead just present the data for
you. You’ll probably have a particular neighborhood or two that you are more interested
in so I invite you to have a look at how they have performed. One word of warning -
you’ll notice sharp changes in the data over time for some of the neighborhoods, espe-
cially the smaller ones. This is more an indication of a limited number of sales occurring
in that area during a period of time, and depending on the given properties sold at that
time, there could be wild swings compared to previous quarters or years. It’s not really
an indication of the market as a whole (or individual property values) trending up or
down, but just a case of a different type of property selling at that time (possibly a new
development building just coming on line).

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | NEIGHBORHOOD MAP 024

BOSTO 1
4

8
2

20
3
22
14

12
21
15

18
7

19
1. Allston
2. Back Bay
3. Beacon Hill
4. Brighton
17 5. Charlestown
11
6. Dorchester
7. East Boston
6
8. Fenway
9. Financial District
10. Hyde Park
16
11. Jamaica Plain
23 12. Leather District
13
13. Mattapan
14. Midtown
15. North End
16. Roslindale
17. Roxbury
18. Seaport
10 19. South Boston
20. South End
21. Waterfront
22. West End
23. West Roxbury

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | the neighborhoods 025

In this
section
: THE nei
ghborh
oods

In each of the neighborhood sections, you’ll find either two pages or four pages of key The upper left graph displays discount rates for the neighborhood (from original price
market information. For the Back Bay, Beacon Hill, Charlestown, Fenway, Jamaica Plain, and from final list price after reductions) shown in the dark blue and medium blue
Leather District, Midtown, North Edn, Seaport, South Boston, South End, Waterfront, and columns measured on the left axis for every 30 days of market time. This indicates
West End, the main source of data is LINK which had a larger data set so I had more infor- what percentage was typically negotiated off the list price as days on market increas-

NEIGH
mation information to display. For Allston, Brighton, Dorchester, East Boston, Hyde Park, es. The light blue line (measured on the right axis) shows the percentage of condos
Mattapan, Roslindale, Roxbury, and West Roxbury, the main data source was MLSpin, a that sold within that days on market segment.
smaller data set so I could only create the key market graphs to show you.
The bottom left graph is very similar to the one above it, except it shows price range
The first two pages for each neighborhood look at the market dynamics over time (both segments rather than days on market segments.
the decade and the last three years), while the last two pages show 2009 in more detail
with a breakdown of the market by bedrooms and by square footage before getting into On the right side of the page, the top graph shows average condo fee by price range
discount rates and condo fees analysis. and the bottom graph displays the average condo fee for full service buildings (typi-
cally newer construction with concierge level services) compared to smaller (typically
The first page will display the average pricing and key market indicators on a grid for brownstone or smaller mulitfamily type) buildings for a given neighborhood.
the past 3 years and at the beginning of the decade. Graphs of average pricing and total
market volume will show changes over time for pricing and the total market size in the Of course, I am always happy to answer any questions you may have:
particular neighborhood.
mdimella@charlesgaterealty.com
Page two offers three comparison graphs showing market changes over time. For each
graph there is a 10 year graph showing annual data and a closer look at the past 3 years
with quarterly numbers displayed directly below. The first graph shows average prices.
The second graph shows average price per square foot (the light blue line measured on
the left axis) and the number of sales (dark blue columns measured on the right axis).
The third graph shows average discount (both from original list price and from final list
price after all price reductions are taken) which are the medium and light blue columns
measured on the left axis, and average days on market, the dark blue line measured on
the right axis.

Page three displays sales data for 2009, but broken down into bedroom segments in
the top grid and into square footage segments in the bottom grid. This is a closer look at
how the market is performing in different segments and how those segments may differ
from the overall market stats.

The fourth page also contains 2009 sales data.

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | allston 026

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | allston 027

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | back bay 028

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | Back bay 029

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | Back Bay 030

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | back bay 031

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | BEACON HILL 032

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | beacon hill 033

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | BEACON HILL 034

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | bEACON HILL 035

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | Brighton 036

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | brighton 037

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | CHARLESTOWN 038

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | charlestown 039

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | charlestown 040

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | CHARLESTOWN 041

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | DORCHESTER 042

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | dorchester 043

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | EAST BOSTON 044

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | East Boston 045

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | FENWAY/KENMORE 046

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | FENWAY/KENMORE 047

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | FENWAY/KENMORE 048

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | FENWAY/KENMORE 049

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | HYDE PARK 050

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | HYDE PARK 051

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | JAMAICA PLAIN 052

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | JAMAICA PLAIN 053

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | JAMAICA PLAIN 054

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | leather DISTRICT 055

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | leather DISTRICT 056

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | leather DISTRICT 057

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | leather DISTRICT 058

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | MATTAPAN 059

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | MATTAPAN 060

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | MidTOWN 061

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | midtown 062

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | midtown 063

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | midtown 064

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | NORTH END 065

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | NORTH END 066

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | NORTH END 067

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | NORTH END 068

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | ROSLINDALE 069

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | ROSLINDALE 070

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | ROXBURY 071

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | ROxbury 072

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | SEAPORT 073

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | SEAPORT 074

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | SEAPORT 075

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | SEAPORT 076

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | SOUTH BOSTON 077

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | SOUTH BOSTON 078

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | SOUTH BOSTON 079

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | SOUTH BOSTON 080

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | SOUTH END 081

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | SOUTH END 082

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | SOUTH END 083

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | SOUTH END 084

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | WATERFRONT 085

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | WATERFRONT 086

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | WATERFRONT 087

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | WATERFRONT 088

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | WEST END 089

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | WEST END 090

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | WEST END 091

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | WEST END 092

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | WEST ROXBURY 093

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | WEST ROXBURY 094

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
095

PART FIVE:
ABOUT
THIS
REPORT

in this section:
About
Spread The Word
boston condo market | ABOUT/contact information 096

P
ATE REALTY GROU
ABOUT CHARLESG

Michael is Managing Partner of Charlesgate Realty Group. As an Charlesgate Realty Group is a boutique real estate brokerage
active member of the National Association of Realtors (serving company based in the Back Bay. Creating a unique team based
on the NAR Strategic Planning Committee), a Director of both the business model - led by partners P.T. Vineburgh and Michael
Greater Boston Association of Realtors and Massachusetts Associa- DiMella - has enabled Charlesgate Realty Group to offer a level of
tion of Realtors, he was recently recognized nationally by Realtor service and expert advice that far exceeds that of traditional real
Magazine as a “30 Under 30” Realtor in 2008. Utilizing his M.A. estate firms.
degree in Economics from Boston University, Michael consistently
provides insightful news and analysis of the real estate market Offering not just residential sales brokerage, but also residential
through his blog, 23 Neighborhoods and is often quoted for his leasing brokerage, property management services, relocation
real estate expertise by national and local real estate articles in services, and new development marketing and sales, Charlesgate
publications like The Wall Street Journal, The Boston Globe, Boston Realty Group has become a recognized leader in the Boston real
Business Journal, and Banker & Tradesman. He has also been an estate market since its founding in 2003.
industry speaker at real estate conferences and training seminars.
For continuously updated news and advice on the market visit the
blog - 23 Neighborhoods: A Boston real estate blog at
http://blog.charlesgaterealty.com.

About mic For questions regarding this report or to inquire more about the
hael DIM
ELLA services offered by Charlesgate Realty Group, contact Michael
DiMella at mdimella@charlesgaterealty.com or (857) 383-3113.

Charlesgate Realty Group


867 Boylston Street, Fl 3
Boston, MA 02116
(617) 587-0100

CHARLESGATE
www.charlesgaterealty.com

SHARE
THIS REPORT
f
FACEBOOK TWITTER
in
LINKED IN EMAIL
MORE
INFO
t: 857.383.3113
e: mdimella@charlesgaterealty.com
boston condo market | spread the word 097
Hopefully you found this report informative. Please
spread the word and send it to a friend. Click on one of
hte links below to share. For any questions that you may
have please email me at mdimella@charlesgaterealty.com.

Thanks for reading!

SHARE
THIS REPORT FACEBOOK TWITTER LINKED IN EMAIL

FOR MORE INFO:


t:e: mdimella@charlesgaterealty.com
857.383.3113