South Boston Market Recap January 2020
                     South Boston Market Recap Janu By: Rooney Real Estate
ary 2020 
We are only one month into calendar 2020, so it is somewhat too 
early to establish year-long trends reliably.
However, Rooney Real Estate’s overall first-month conclusions are 
that South Boston’s residential real estate has shown considerably 
more energy during January 2020 – a trend that we feel began right 
after Christmas.  There are certain quantitative reasons we are 
saying this:  the weather has been measurably warmer than usual 
and despite many predictions to the contrary, interest rates have 
dropped significantly since last fall – from a high of about 4.65% 
back then, to recent individual agreements as low as 3.45%.  A drop 
of over 1% is quite significant over the life of a mortgage.  And 
Consumer Confidence rose to 101.3 – the highest it has been since 
2014.
     
Qualitatively, since year-end greater numbers of viewers have been 
showing up at our open houses in South Boston – perhaps two or 
three times as many as those who came before Christmas, and 
during the fall months of 2019.  And as odd as this may sound, when 
the Patriots aren’t on their way to the Super Bowl, more potential 
buyers spend their January weekends looking at real estate.
The following are our specific comments, as of 
January 31 this year:
Under “Listing Inventory”, the number of Listing Units 
stayed essentially the same, but Median Days on the 
Market dropped sharply – 98 in January 2019, to 51 this 
January (-48%).
Median days on the market for Listing Inventory (units 
that were on the market as of January 31st, 2020) 
dropped significantly to 51 days from 116 days in Dec 
2019. This indicates that some absorption of older 
inventory along with the addition of newer inventory (74 
units).
 
Under Agreement (listing units that went pending) rose 
from 37 last January to 51 this January (+38%) and 
considerably higher than the 15 sale pending units in 
December of 2019.
The following are our specific comments, as of 
January 31 this year:
Inventory at 1.9 months this January, about a third of what it should be, is still very low. Even with all the 
current building taking place in South Boston, the 1.9 inventory means that homes are not being put on the 
market and perhaps are being rented instead.  But currently approved rental unit projects will add more than 
500 units to South Boston stock.  What will this mean as 2020 progresses?
 
Below is a chart comparing the overall statistics from Jan 19' to Jan 20'. One thing to keep in mind is the fact 
month to month is not the greatest comparison of market trends due to the possibility of a high-
end / large development closing in a particular month can skew the statistics.  
The Chart below contains all Single and Mulit-family 
properties that closed in January 2020
Singles
Address Price Date Sqft Lot Size Bed(s) Bath(s) Parking
504 E 3rd St $1,125,000 1/23/20 1,088 1,216 2 1 None
776 E 6th St $845,000 1/23/20 1,562 1,149 3 1 None
Two-family's
Address Price Date Sqft Lot Size Bed(s) Bath(s) Parking
16 Beckler Ave $800,000 1/24/20 1,713 1,029 4 2.5 None
The Chart below contains all Single and Mulit-family 
properties that closed in January 2020
Three-family's
Address Price Date Sqft Lot Size Bed(s) Bath(s) Parking
5 Douglass St $1,740,000 1/31/20 2,418 1,306 6 3 None
11 Carpenter St $1,050,000 1/31/20 2,208 1,730 6 3 None
174 W 7th St $925,000 1/9/20 2,202 1,187 7 3 None
The Chart below contains all Condominiums that 
closed in January 2020.
Address Price Date Sold Sqft Bed(s) Bath(s) Parking Year Built /Converted
14 W Broadway #906 $1,675,000 1/15/20 1,735 2 3 1 Garage 2017
14 W Broadway #907 $1,550,000 1/3/20 1,653 2 2.5 1 Garage 2017
509 E 1st St #7 $1,250,000 1/31/20 1,600 2 2 1 Garage 2018
660 W 7th St #2 $1,120,000 1/30/20 1,668 3 3 None 2019
346-354 Congress St #613 $1,184,000 1/16/20 1,159 2 2 1 Garage 2008
287 Old Colony Ave #5 $1,180,000 1/24/20 2,000 3 2.5 1 Garage 2019
82 G St #1 $1,077,00 1/21/20 1,978 3 2.5 1 off-street 2015
545 E 3rd St #6 $1,100,0000 1/8/20 1,600 3 3 1 Garage 2019
509 E 2nd St #1 $1,100,000 1/27/20 1,685 2 2 2 Garage 2012
141 W 2nd St #206 $1,065,000 1/14/20 1,302 2 2 1 Garage 2010
537 E 1st St #4 $1,045,000 1/17/20 1,358 2 2 1 Garage 2013
225 Dorchester St #14 $1,025,000 1/10/20 2,011 2 2 2 Garage 2016
9 W Broadway #107 $923,000 1/22/20 1,498 2 2 1 Garage 2004
901 E Broadway #1 $890,000 1/14/20 1,410 2 2 2 Garage 2015
170 W Broadway #308 $865,000 1/6/20 1,045 2 2 1 Garage 2017
287 Old Colony Ave #3 $829,000 1/23/20 1,207 2 2 1 Garage 2019
287 Old Colony Ave #1 $799,000 1/17/20 1,226 2 2 1 Garage 2019
527 E Broadway #203 $795,000 1/24/20 1,153 2 2 1 Garage 2019
The Chart below contains all Condominiums that 
closed in January 2020.
 
772 E 6th St #2 $789,000 1/16/20 1,035 2 1 None   2019
9 W Broadway #206 $775,000 1/31/20 1,129 1 2 1 Garage   2004
204 N St #2 $729,000 1/28/20 1,002 2 2 None   2008
5 Mohawk St #3 $700,000 1/31/20 1,034 2 2 None    2015
774 E 7th St #2 $690,000 1/3/20 974 2 2 None  
287 Old Colony Ave #2 $679,000 1/21/20 849 2 2 1 Garage 2019
180 Gold St #5 $665,000 1/21/20 819 2 1 1 Tandem 2013
29 Vinton St #6 $665,000 1/30/20 1,209 2 2 1 off-street 2004
146 M St #1 $660,000 1/16/20 796 2 2 None 2019
315 W 3rd St #2 $628,000 1/31/20 965 2 1 None 2011
486 E 3rd St #12 $559,000 1/29/20 902 2 1 1 off-street 1993
2 Garage 2005
34 Mitchell St #2 $577,500 1/21/20 708 2 1
(tandem)  
772 E 6th St #1 $575,000 1/6/20 883 1 1 None 2019
175 W 7th St #2 $575,000 1/3/20 754 2 1 None 2017
350 W 4th St #410 $560,00 1/17/20 753 2 1 1 off-street 1987
271 K St #3 $486,000 1/23/20 1,288 3 2 None 2000
17 Lennon Ct #17 $438,000 1/10/20 780 2 1 Common 1978
21 Wormwood St #306 $329,000 1/6/20 630 1 1 None 1999
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