Issue 2 The Real Estate Insider July 2017 Mid-Year Sales Reports by Marsh Properties on the Boston Real Estate Market - Since 1992

Owner/Brokers Marsh Properties

Since 1990

Tim Marsh Cheryl Marsh

Five-Year Sales Summary Tier-1 Doorman Condominium Sales in Boston

2013 2014 2015 2016 2017 YTD

BUILDING PPSF Sales PPSF Sales PPSF Sales PPSF Sales PPSF Sales

1 Charles $ 880 31 $1,148 21 $1,167 16 $1,164 19 $1,273 5 45 Province $1,043 37 $1,186 30 $1,314 5 $1,207 12 $1,251 2 Atelier 505 $1,094 6 $1,262 3 $1,319 9 $1,425 7 $1,192 4

Battery Wharf $1,024 9 $1,158 14 $1,102 17 $1,330 12 $1,209 6 Belvedere $1,304 1 $1,598 1 $1,367 4 $1,413 3 NA 0 Carlton House $1,308 4 $2,744 1 $3,337 1 $2,047 3 $2,848 1 Clarendon $1,425 22 $1,460 8 $1,655 12 $1,810 7 $1,572 5 Four Seasons $1,333 5 $1,509 7 $1,427 8 $2,012 6 $1,550 1 Grandview $ 768 3 $ 792 3 $ 950 5 $1,379 4 $1,073 2 Heritage $1,467 6 $1,584 5 $2,161 3 $1,775 7 $2,096 3 Intercontinental $ 892 23 $ 974 17 $1,112 12 $1,167 13 $1,139 7 Mandarin (776) $1,766 4 $1,901 6 $2,449 4 $1,909 3 $1,947 2 Mandarin (778) $1,600 17 $1,050 2 $1,696 1 Millennium Place $ 893 169 $ 980 101 $1,203 19 $1,184 41 $1,139 12 Millennium Tower $1,438 428 $1,778 29 Ritz Tower I $1,015 16 $1,087 12 $1,193 18 $1,239 9 $1,235 6 Ritz Tower II $1,186 21 $1,214 21 $1,268 12 $1,228 11 $1,303 7 Rowes Wharf $1,208 3 $1,341 6 $1,509 4 $1,485 5 NA 0 Trinity Place $ 949 6 $1,096 6 $ 993 6 $1,212 5 $1,885 1 Twenty Two Liberty $1,417 104 $1,796 25 $1,872 2 W Boston $1,031 27 $1,127 15 $1,132 22 $1,274 11 $1,197 9

Key PPSF: Average Sale Price per Square Foot. Sales: Number of Sales Closed and Recorded.

Notable 2017 Performances YTD: Most Sales: Millennium Tower (29) Least Sales: Belvedere & Rowes Wharf (0) Highest Bldg. Avg. Sales Price Per SF: Carlton House ($2,848). Lowest Bldg. Avg. Sales Price Per SF: Grandview ($1,073) Highest Sale Price: Millennium Tower #PH4E, 3,435 SF. 3/4.5. ($9,250,000) Highest Sale Price Per SF: The Carlton House #9B, 1,588 SF. 2/2. ($2,848/SF)

BostonLuxuryRealEstate.com

Your new and improved gateway to the Boston Real Estate Market From our web site you can search for any property listed for sale or rent on MLS by any broker in our region simply by clicking on the “Search” tab on our home page. And remember we can show you every one of these properties, so you only have to work with one broker. Watch videos about our latest listings and each major Boston neighborhood. Learn about our services for sellers and buyers and meet our brokers. Subscribe to our Blog, find us on Facebook and Linked-In, follow us on Twitter and read the e-version of this fact-filled newsletter - The Real Estate Insider. Published since 1992, it’s full of in-depth sales and trend analysis, investment opportunities and immediate, if not advance, notice about our new listings as well as significant listings by other brokers.

NOTE: If you would like us to email every issue of this newsletter to you, send your request to info@bostonluxuryrealestate.com or call Tim Marsh at (C) 617-548-7145

Condominium Mid-Year Sales Review Time Frame: January - June Sales: 2016 vs. 2017 Neighborhoods: Back Bay, Beacon Hill, Charlestown, Midtown, North End, Seaport, South Boston, South End & Waterfront. Price Ranges: Less than $1 million. $1-$3 million. Greater than $3 million. Key: # Sales: number of sales that have closed. Avg. PPSF: average sale price per square foot. Avg. DOM: average number of days it took the property to sell and go to record. Information Sources: LINK (Listing Information Network). Marsh Properties research. Less Than $1 Million $1-$3 Million Greater Than $3 Million

Neighborhood Year # Sales Avg. PPSF PPSF % +/- # Sales Avg. PPSF PPSF %+/- # Sales Avg. PPSF PPSF %+/- Back Bay 2016 113 $ 946 87 $1,148 25 $1,670 2017 98 $1,018 é7.6% 76 $1,195 é4.1% 30 $1,702 é1.9%

Beacon Hill 2016 53 $ 922 24 $1,021 2 $1,420 2017 43 $1,006 é9.1% 34 $1,128 é10.5% 12 $1,659 é16.8%

Charlestown 2016 126 $ 625 18 $ 683 NA NA NA 2017 134 $ 663 é6% 18 $ 679 ê.6% 1 $2,061 NA

Midtown 2016 48 $ 783 39 $1,141 5 $1,503 2017 37 $ 829 é5.9% 45 $1,282 é12.4% 18 $1,898 é26.3%

North End 2016 31 $ 789 3 $ 933 NA NA NA 2017 30 $ 810 é2.7% 3 $ 959 é2.8% NA NA NA

Seaport 2016 24 $ 729 12 $ 948 17 $2,032 2017 30 $ 768 é5.3% 8 $ 875 ê7.7% 1 $2,449 é20.5%

South Boston 2016 310 $ 568 33 $ 653 NA NA NA 2017 333 $ 640 é12.7% 32 $ 672 é2.9% NA NA NA

South End 2016 209 $ 808 118 $1,017 3 $1,218 2017 176 $ 889 é10% 113 $1,068 é5% 4 $2,072 é70%

Waterfront 2016 52 $ 788 22 $1,145 2 $1,435 2017 30 $ 838 é6.3% 34 $1,058 ê7.6% 2 $1,682 é17.2%

Marsh Properties is a local brokerage with a global network. We would be honored to sell your property or assist you with your next purchase.

Tim Marsh, Cheryl Marsh,

Carol Hodges and our new team member - Allan Hodges

Brokers of fine properties in Boston’s premier downtown neighborhoods and surrounding communities since 1984.

Marsh Properties

Local Brokerage w Global Network 30 Newbury St., 3rd flr., Boston, MA 02116 (B) 617-716-0240 (e-fax) 617-507-8006

Website: BostonLuxuryRealEstate.com Members: NABB, BHCA & Friends of the Public Garden Ê Principal Broker: Cheryl Marsh (email): Cheryl@BostonLuxuryRealEstate.com (C) 617-797-5781 Ê Principal Broker: Tim Marsh (email): Tim@BostonLuxuryRealEstate.com (C) 617-548-7145

Ê Boston/Rhode Island Sales Agent: Carol Hodges (email): Carol@BostonLuxuryRealEstate.com (C) 617-266-7999 Ê Boston/Rhode Island Sales Agent: Allan Hodges (email): Allan@BostonLuxuryRealEstate.com (C) 617-686-3106

The Best Time of Year to Sell?

A five-year analysis of quarterly condominium and cooperative sales uncovered some interesting data. The Back Bay and Waterfront sales data below exemplify trends across all the major downtown neighborhoods. The “Spring Market”, April 1st – June 30th, has long been considered the premier selling season. Sellers flood the market with inventory knowing the buyers will be out in droves. These buyers want to be in their new home by the time summer rolls around, have kids settled in time for the next school year or simply want to get the “purchase project” off their plate. And what property doesn’t look its best at this time of year; the grey of winter gives way to the longer, brighter days and the blooming flowers and trees! All true but hold on there. The Summer Market, July 1st – September 30th, is very strong competition! In fact, these two quarters take turns recording the most sales eclipsing sales in the 1st and 4th quarters.

Neighborhood Year Q1 Sales Q2 Sales Q3 Sales Q4 Sales

Back Bay 2012 79 (14%) 172 (30%) 180 (31%) 145 (25%) 2013 85 (17%) 139 (27%) 176 (34%) 112 (22%) 2014 74 (14%) 143 (33%) 129 (29%) 94 (21%) 2015 53 (12%) 143 (33%) 137 (31%) 102 (23%) 2016 93 (20%) 130 (28%) 128 (27%) 117 (25%) 2017 77 126

Waterfront 2012 27 (15%) 56 (31%) 56 (31%) 40 (22%) 2013 16 (9%) 58 (34%) 55 (32%) 41 (24%) 2014 33 (21%) 37 (24%) 47 (31%) 36 (24%) 2015 34 (22%) 44 (28%) 47 (30%) 31 (20%) 2016 32 (21%) 43 (28%) 51 (33%) 29 (18%) 2017 25 41

Referrals

We’re proud to announce that 82% of our Sellers and Buyers have been referrals!

We thank you for these clients and customers as they have been the life-blood of our business for 33 years.

Please consider referring your colleagues, friends and family members to Marsh Properties. We will provide them with the same high level of professionalism, discretion, knowledge, service and success you’ve come to expect from us over the years.