Are you in the market to buy, rent or sell property in South End? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Condos in the area. All these number reflect what’s taken place over the last 6 months.
Total Condos SOLD: 251
Average Living Area by Square Feet: 1,148.33
Average Listing Price: $1,026,012
Average DOM (Days on Market): 36.49
Average Sales Price: $1,040,665
Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email to
Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales
Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will
be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!
Please call us directly at 617-297-8641, for custom reports or questions above the data provided.
How do we determine Value?
Many of our clients question how the value of their home was ascertained. They see various price quotes on Zillow, Public records, assessors office. All of these values are accurate but they serve very different purposes. It is important to understand what each number represents.
Assessed Value: Value determined by local municipality for tax purposes only. You pay property taxes based on this value. It has nothing to do with the resale value of your home.
Appraised Value: An Appraiser is hired to determine value that banks are willing to lend on. Essentially, they want to find similar homes in the area that have sold and how much they sold for. They then compare your home to this home and assess whether your home is worth more or less.
Market Value: What a buyer is willing to pay for the property. It is a combination of Appraised value, inventory, and demand. We understand that if there are several homes on the market listed around $500,000 but none of them are going under contract… these homes are more than a buyer is willing to pay. However, if homes at this price are going under contract within days/weeks, we know that buyers are willing to pay within this price for homes in the area.
Determining the value of a home for Sale is a little more in depth than simply reviewing comparable homes.
If you are interested in finding out the value of your home, please call today to schedule your FREE home value analysis!
617-297-8641 or email us at firstname.lastname@example.orgRead more
Transforming your home to appeal to buyers does not always involve buying new furniture or expensive upgrades. This video shows that it can be as simple as decluttering and allowing natural light to enter. Buyers want to envision themselves in your home so your goal is to keep the room as simple as possible.
Remove personalized items from the walls and tables
Remove throws, blankets, extra “Stuff” from sofas and chairs
Remove electronics that are not pertinent to the space
Have a “catch all” bin to toss all the items you do not have a storage space for currently.
For more tips on how to stage your home on a budget, please feel free to connect with us online at email@example.com or call us at 617-297-8641.