Real Estate News

The latest news about the residential real estate market in Boston and the surrounding areas

WANT A DEAL? FIND A STUDIO IN JAMAICA PLAIN

From Boston Realty Advisors: 

The average listing price in Jamaica Plain in 2018 is $613,000, up 8% since last year. With just 35 listings on the market, and 42 under agreement in March (with the average days-to-offer at 10 days) Jamaica Plain has transitioned into a hotbed for families and young-professionals.

The average sale price in 2018 is over $633,000, but with the large spectrum of pricing, deals still exist.

  • In April, newly renovated 171 South Street Unit 2A sold for $293,000  a steal for a studio with transit access. Within one week, the property had a cash buyer.
  • On the contrary, recently constructed 16 Rockview Street – Unit 16, sold for $1,450,000 in January. This was the most expensive transaction this year.

Today, the average price per square foot is $526, up 7% since 2017. Due to market constraints, average listing prices in June have soared$673,611, indicating the lack of available condos.

 

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