South Boston Multifamily Sales & Rental Market Report
Are you a current or aspiring landlord in Massachusetts? No matter how many years you have in the rental business, fully understanding your local market is one the most important thing you can do to ensure your long-term success. Receiving regular market updates will help you determine when’s it time to buy and when it’s time to sell. It will also allow you to see what your apartments rent for in comparison to your neighbors. Should you be increasing rents? Is now a good time to sell?
Here is South Boston’s multifamily sales and rental market statistics for the last 6 months.
Total Multi-Family Listings SOLD: 24
Average Living Area by Square Feet: 2,958.00
Average Listing Price: $1,308,736
Average DOM (Days on Market): 49.11 Days
Average Sales Price: $1,256,778
Average Rent for 1 Bedroom Units: $2,189
Average Rent for 2 Bedroom Units: $2,828
Average Rent for 3 Bedroom Units: $3,616
Average Rent for 4 Bedroom Units: $4,178
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.