Boston City Properties Launches SouthBostonCondos.com

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Boston City Properties, one of the largest independent real estate firms in Boston, launches SouthBostonCondos.com to help buyers find condos in one of the city's hottest real estate markets.

Boston City Properties launches SouthBostonCondos.com to help buyers find condos in South Boston. The website features news on the South Boston real estate market, as well as quarterly sales reports. South Boston still continues to be one of the busiest real estate markets in Boston, and sales are on the rise. On average, 1 to 2 condos sell every day in this historic neighborhood. According to MLS statistics, as of November 2nd 2010, 413 condos have sold in South Boston since January 1st 2010. These numbers are up from 402 sold in the same period last year in 2009. The average list price so far this year has been approximately $377,797. The average sale price has been approximately $365,391. The average market time so far in 2010 has been approximately 98.86 days. The average price per square foot so far in 2010 has been approximately $371. The lowest price unit to sell so far in 2010 has been a $93,840 2 bedroom condo on W. 5th Street. The most expensive condo to sell was an $886,000 2 bedroom condo on Thomas Park. There have been 40 single family homes sold in South Boston so far in 2010, with the average sale price averaging $431,673. The multi-family home sale market is still strong in South Boston with 31 multi-family homes selling so far in 2010. These statistics do not include Boston's booming Seaport District, which are listed separately on MLS statistics. As of November 2nd 2010, 46 condos have sold this year in the Seaport District. The average sale price in the Seaport District in 2010 has been approximately $538,073. The lowest price unit to sell was a $295,000 studio loft on Congress Street. The most expensive unit to sell so far in 2010 was a $1,200,000 2 bedroom loft on Congress Street. The Seaport District is expecting to undergo more redevelopment in the coming years, including the BRA approval of a 6.3 million square-foot development known as "Seaport Square". For more information on South Boston condo news and to view current on market listings, visit http://www.southbostoncondos.com.

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Daniel Amodeo

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