July 2023
What to offer?
Knowing how to structure your offer to be competitive in today’s real estate market takes careful consideration. The old adage “real estate is local” is definitely a factor, but price segment is also a facto...
The entry level price for Boston condos hovers around $500,000 -$600,000, with less than 10% of downtown Boston condo sales trading for $500,000 or lower. Year to date 2022, the average Boston condo sale is $1,346,417.
As of 3Q 2022, over ...
Sale Transactions
2022 has been an interesting year so far. The sales transactions have rebounded to pre-pandemic levels, but the number of sales is down from last year due to some new development closings that increased the total number o...
The 2020 condo market in Boston was characterized by unusual patterns of inventory and sales transactions as compared to previous years. The Spring market was interrupted by initial covid lockdowns, buyers and renters left the city to work remo...
By the end of 2Q 2020, Downtown Boston condo sales transactions were down -24% overall from last year (off 350 units). These numbers were not skewed by a new development closing. In fact, this year’s 22 One Dalton closings and 87 Echelon clos...
It’s early to say what effect the covid-19 pandemic will have on Boston’s condominium market, but here’s what we do know:
Sales transactions are down (in most neighborhoods, but not all), but so is inventory (except for the places wh...
The Emergence of Boston's $ 2,500+ PSF Condo Market
In 2019, approximately 2% of Boston condos achieved net sale prices at or above $2,500 per square foot. This is a significant increase over 2018 where the percentage was 0.6%. In gross ...
The Jamaica Plain condo market ended 2019 with sale prices 2% lower than the 2018 sale average. Why the dip? Approximately 20% of the condos that went under contract last year still haven’t closed. 2019 brought a new kind of condo inventory t...
East Boston Condominium Market Update
The East Boston condo market has exploded over the last 5 years. It was a market that went from approximately 100 units per year with an average sales price in the low $300,000s and average net sale ...
Closings at Pier 4 show the demand for luxury, waterfront condos in Boston’s Seaport neighborhood persists.
To date, 83 of the 106 condominiums have closed and recorded. The average gross sale price so far is $3,205,042 with a net aver...