Biggest Discounts June Update

Let’s check in on our stats once again and find out where buyers are currently getting the biggest discounts off asking price. If you are a potential buyer, this will help you to know which neighborhoods may be softer in terms of sale price discounts off list price, and help you know where to look for potential bargains.

In the chart below, we have taken all sales data from last month in Redfin’s Boston service area and sorted it by zip code. We calculated the overall difference between the sale price and the list price. Note that this reflects the final list price, after all price drops in the listing. Any zips with fewer than ten sales are excluded from the top and bottom ten rankings, but interested readers may download the full data summary in Excel format (xls).

For a quick look at where a given zip code is located, just type it into the Redfin search box, or drop by the handy USNaviguide.com zip code map.

Here are the top ten zip codes with the largest overall discount:

boston-sale-to-list-most_2009-05

The overall discount dropped a bit in June from our previous update in April, down to 4.5% from 5.1%. Down in Duxbury (02332) buyers are getting the biggest discounts, knocking nearly 10% off the average list price.

Here are the ten zip codes with the smallest discounts:

boston-sale-to-list-least_2009-05

In the Lowell Highlands (01851) and south Boston just east of the Franklin Park Zoo (02121) sellers are actually getting more than list price on average.

Is the zip code you’re shopping not on either the top 10 or bottom 10? No problem, just download the full rankings in Excel format and hit the “FullSummary” sheet.

Of the 3,008 sales we tracked in the 1-month period, 336 homes sold for 10% or more off the asking price, while 125 homes sold for 5% or more above the asking price.

  • http://www.flickr.com/photos/8686268@N07/ lisi cai

    Sure this data is helpful. But please keep in mind that sellers seems to think the market is coming back (seasonal reasons?) and listed their properties at a higher price. Counting the actual $/sq ft would still be a good way to see how the town is doing.

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    This is create more comfortable for home buyers and home sellers.