Condo Fees in Quincy MA - Edgewater Place, The Falls, Mellon Bray, Louisburg Square

Many condo unit owners question the condo fee and how their fee compares to other complexes in the area. Below is some information pertaining to the condo fee on similar complexes in Quincy. The condo fee for each of the complexes below include only the basic items: master insurance, landscaping, snow removal and water.

Louisburg Square Condo Fees: range from $284-$469. The condo fee averages $0.22 - $0.24 per square foot.

The Falls, located at 200 Falls Blvd. Unique complex, very similar to Louisburg with pool, clubhouse, pet friendly, wood burning fireplaces in every unit and outdoor parking lot: Averages $0.42 - $0.50 per square foot. $324 for a unit with 779 square feet and $575 for a unit with 1205 square feet

15 Bower Rd Condo Fees: This complex is consists of low-rise 3 story buildings and is also a pet friendly complex. $255 for a unit with 1028 square feet. The average condo fee is $0.25 per square foot which is comparable to that of Louisburg.

Edgewater Place located at 133 Commander Shea Blvd – This complex is a high-rise building that offers pool and outdoor parking. Averages $0.41 per square foot. $341 for a unit with 760 square feet.

Mellon Bray, located at 10 Weston Ave Condo Fees: This complex is an old mill that was converted to a condo complex. The complex is well maintained, pet friendly and has covered parking. Averages $0.23 - $0.25 per square foot. $268 for a unit with 1165 square feet.

Louisburg Square Quincy Condo Sales Data

A common topic on everyone’s mind these days is real estate. Talks of a declining market and possible recession has everyone on edge. But what does this mean to homeowners in Louisburg Square? The average sales price of condo units in Louisburg dropped 10% in 2007 from 2006. Research shows that the worst may be behind us, with 2008 sales prices estimated at a 1 - 2% drop from 2007. Buyers have access to a plethora of information through the internet and are well educated on current home values. Sellers have reacted to this by pricing their units slightly lower than years past in order to compete in today’s market. Homeowners that are looking to sell their unit should also take into consideration that on average, the actual sale price of a unit will be 3% - 5% lower than the asking price.

“The market has seen an increase in buyer activity since the beginning of April, which is a positive sign that the market is ready to rebound,” stated by Madelene Semeria resident of Louisburg Square and real estate agent for Century 21 Abigail Adams. Units that are currently on the market are experiencing a market time of 6 months. Sales in Louisburg have been stale over the past few months with the last sale occurring in Dec 2007. In the past three weeks, 2 units in our development have accepted offers to purchase and are scheduled to close by the end of May. Louisburg continues to be a desirable complex and the rest of 2008 looks bright!

Current Sales Data:
Number of Units Currently on the Market: 7
Median List Price for units currently on the market: $323,400

Sales History:
Median Sale Price 2007: $304,750
Median Sale Price 2006: $338,000
Median Sale Price for a 2 BR unit in 2007: $302,500
Median Sale Price for a 2 BR unit in 2006: $336,500
Median Price per Square Foot: $215 - $220

Information Provided By: Madelene Semeria real estate agent for Century 21 Abigail Adams.