Although the year to date (YTD) Dorcheser inventory is slightly higher than last year, the Dorchester YTD Average sales price is up by 12% and the average days on market went from 122 days to 77 days, a drop of 37%. These numbers clearly indicate signs of a recovery. As the market begins to rebound it has never been more critical for buyers to “get off the fence” and get into the game. Furthermore, it appears that we may have already seen the bottom of theDorchester market. If you are considering buying real estate and are uncertain of when to purchase a home, the time is now. In addition to getting in while the values are low, you can also take advantage of historically low interest rates. The only way to know when we have seen the bottom of the market is when we start to come back up. Again, Dorchester YTD Home values are up 12%. What more can I say.

Dorchester Real Estate Report

As of August 19th 2009, the On-Market inventory In Dorchester has increased. Lets take a look at the numbers:

Total Inventory was 353 on August 19th 2009 and has increased to 393 in 2010 an 11% Increase

The Average Number of Days on Market was 133 Days in 2009 and is now 120 Days a 10% Decrease

The average list price was $296,847.00 and is now $300,445.00 a %12 Increase

It is important to note that the on market inventory for the same time in 2008 was 723. Although the inventory is up from last year, The average number of days On-Market is down 10% and the average list price is up 12%. This numbers indicate that market is getting stronger. Even though the inventory is slightly higher than last year, the average list price has increased and homes are selling quicker. This is a good time to buy as it looks like we may have already hit the bottom In the Dorchester Market.

Check out this Video Tour of 9 O’Donnell Sq done by Robert Nichols, Broker Owner. The Unit was completely gut rehabbed in 2005 and features, Sand Stone Counter Tops, Stainless steel appliance, central AC, New light fixtures, and Hard Wood Floors throughout. This unit has it all!

In July of 2010 there were 58 properties that closed within the month for Dorchester Massachusetts. This is a decrease of 27%, as there were 79 homes that closed in July of 2009.

The Average list price for the homes that closed in Dorchester for July of 2009 was $250,878

The Average list price for the homes that closed in Dorchester for July of 2010 was $238,516

The Average sale price for the homes that closed in Dorchester for July of 2009 was $235,344

The Average sale price for the homes that closed in Dorchester for July of 2010 was $234,400

The Average Market time for the homes that closed in Dorchester in July of 2009 was 111 days.

The Average Market time for the homes that closed in Dorchester July of 2010 was 73 days.

60 homes went under agreement in Dorchester Massachusetts in the month of July 2010. The average list price of the homes that went under agreement was $235,347. The average time on the market for these Dorchester homes was 73 days. That is 34% decrease in the time on market which means that homes are selling faster.

There are currently several new construction properties for sale in Dorchester. Some of the more popular new construction codo complexes are, The Carruth 1910 Dorchester Ave, DNA Lofts 950 Dorchester Ave, and The View at Mt Vernon.

The Carruth has become an instant Dorchester Landmark. The property is located at 1910 Dorcheter Ave. Featuring an exterior brick finish and plenty of floor to ceiling windows, the Carruth provides plenty of lighting to each of its uniquely designed units. The building is also LEED certfied which means that all residents will experience significant savings on utilities. The bulding was completed in 2009 and was designed by the Duffy Design Group and icludes Modern and contemporary finishes throughout.  It is located in the Ashmont Peabody square nneighborhood and is steps to the MBTA Ashmont Train station. The eighborhood also features some of the best restaurants in Dorchester and is very close to the expressway. On the first floor of the Carruth, their are brand new retail shops that make this an even more convenient location. Every unit comes with heated garage parking. To schedule a showing of the Carruth,  contact Robert Nichols by visiting Bentley Real Estate Group

The DNA lofts, located at 950 Dorchester Ave, are Dorcheter’s newest loft condos. Completed in 2008, The DNA lofts are on the South Boston Dorchester line and is located steps from the expressway. The floors plans anre open and the finishes are contemporary and including modern baths and kitchens. Many of the units include bamboo flooring as well. The building also features off street parking and is a stones throw to the JFK/UMAS MBTA station. Area amenities include The South Bay shopping Center, Avenue Grill, and only a 5 minute card ride to downtown. It is loft living at its finest and conveniently located to suit any city dwellers dialyneeds! To schedule a showing of the DNA Lofts contact Robert Nichols by visiting Bentley Real Estate Group

The View At Mount Vernon is located at 28 Mt Vernon Street and is minutes to Down Town Boston. The project is slated to be completed in the fall of 2010 but will include high end modern finishes and can be customized by the buyer of the unit if the offer is placed prior to completion. The Nneighborhood features numerous popular Dorchester restaurants and is with in walking distance to the South bay shopping center. It is also in close vicinity ti the JFK UMASS shopping Center. To schedule a showing or For more information on The View at Mt Vernon, contact Robert Nichols by visiting Bentley Real Estate Group

I am looking forward to bringing you information about all of the New Construction Condos in Dorchester.

Robert Nichols,

During the month of June 2010, Dorchester Homes experienced a healthy increase in sale volume, average sales price and the total value of homes sold, when compared to the sales data in June of 2009. There were a total of 76 Dorchester Homes sold in 2010 and 64 homes sold in 2009. This represents a 19% increase in total volume over 2009. The average sale price was $302,417.00 in 2010 and $255,504.00 in 2009. This represents an18% increase in the average Dorchester home sales price. The total value of all homes sold in Dorchester during June of 2010 was $22,983,691.00 and $16,352,260.00 in 2009. This represents an increase of 41%. That is almost even with the total value in 2008. After seeing the numbers it is clear that Dorchester real estate market is trending upward. The increase can be attributed to several factors including the home buyer tax credit, optimism about the local economy and a decrease in the number of petitions to foreclose.

Contact Bentley Real Estate Group For all of your Dorchester Real Estate Needs.

We Are The Market Experts!

Bentley Real Estate Group 404 Neponset Ave, Dorchester, MA 02122

800.884.9056

www.BentleyREGroup.com