12 18 14

Page 1

A FREE THURSDAY PUBLICATION

THURSDAY DECEMBER 18, 2014

“For somehow, not only at Christmas, but all the log year through, The joy that you give to others is the joy that comes back to you.” (John Greenleaf Whittier)

SOUTHBOSTONONLINE.COM

2014 Proves Banner Year for Southie Real Estate Boston Tree Lighting

Did you sell a property in South Boston this year? Congratulations! You certainly picked the right year to sell as a lack of available properties in South Boston has continued to contribute to record sale prices in 2014. According to the latest Town Stats figures published by The Warren Group, South Boston properties are hotter than ever. From January-October 2014, the median sale price of single families was $540,500 – up almost 6% from last year’s record numbers. Condos saw an ever bigger jump in 2014, selling for a median price of $481,000 – an 8% jump from last year. Meanwhile, multiunit properties are selling for staggering amounts. Median sale prices for South Boston two families are up to $581,477 while three families are selling for $919,112 – representing percentage increases of 19% and 36% respectively from the same time period in 2013. “They can’t build units fast enough”, said

Jackie Rooney of South Boston’s Rooney Real Estate. “The demand is still greater than the supply, the market is still strong with rates hovering around 4% and sale prices are only going up.” Despite the jump in sale prices, overall sales are actually down in South Boston. Overall single family sales took a 3.6% dip from last year while condos similarly took a 2.5% hit. Two family sales have fallen a precipitous 33% since last year while three family sales are down 5.7% from 2013. This trend looks set to continue as there are only a total 3 single families, 53 condos and 3 multifamily properties currently on the market in South Boston as of December 15. “This is definitely a seller’s market”, said Rooney. “Real estate experts estimate that a healthy buyer’s market should have at least 3 months of available inventory. Right now, in South Boston, we’re only seeing two and a half weeks’ worth of inventory on the market”.

Shop With More Cheer!

Mayor Martin J. Walsh is joined by WCVB-TV’s Anthony Everett, Santa Claus, and some lucky youngsters as they prepare to throw the switch lighting Boston’s official Christmas tree and Boston Common at the City of Boston’s 73rd annual tree lighting celebration on December 4. The event was presented by the Boston Parks and Recreation Department with title sponsor The Province of Nova Scotia, signature sponsors Capital One 360 and Emera Inc., and presenting sponsors Distrigas/GDF SUEZ and Roche Bros.

Shop – Entertain – Travel Apply for yours today at massbaycu.org or at any branch.

Holiday Loans

7.49%

APR*

Fixed Rate

massbaycu.org (617) 269-2700 147 West 4th Street, South Boston

*APR=Annual Percentage Rate. Monthly principal and interest payment per $1,000.00 borrowed for 18 months at 7.49% APR is $58.91. Current Annual Percentage Rates subject to change without notice. Loan amount up to $7,500. Rate is based on credit score. Terms and conditions apply. Federally insured by NCUA

EQUAL HOUSING

OPPORTUNITY


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
12 18 14 by South Boston Online - Issuu