With the first two quarters of 2017 behind us, it is a good time to reflect on the state of the Boston luxury real estate market as we push through the summer doldrums. Speaking generally, we have seen increases in pricing for our primary neighborhoods in the first...
Whether you’re looking to rent or to own, one of the most important decisions you’ll make along the way is the person you’ll select as your real estate advisor. Take some time to vet the luxury real estate agent community in your area—and pay close attention to our...
It's hard to say exactly what's going on right now in the South End but suffice to say it is HOT. As we closed out 2016, signs were suggesting that 2017 might be a year when pricing and demand would level off. The fall market was strong but not wild and with rising...
It was another strong year for Boston luxury real estate in 2016. Here are our year end pricing statistics for the core neighborhoods that we focus on in downtown Boston. Some notes: Every segment of the market that we track was UP during 2016 against 2015. Downtown...
For the TL:DR crowd… We expect mortgage rates to rise through 2017 Tempered by rising mortgage rates, we expect luxury condo prices to increase gently in 2017 (less than 3 percent) in core downtown markets. Demand outpaces supply in our core markets, particularly for...
The residential real estate market is often subject to sweeping, market wide (even state, regional or national) statistics that can be very misleading for local markets. Not to say that broader stats lack all merit, but when our clients are preparing to make...
We ran some data across our core markets this week to see where we stand as we enter the last 6 weeks of 2016. The industry uses a so-called “Inventory” statistic to differentiate between buyers’ markets and sellers’ markets. We appreciate this statistic because, once...
Since January 1, 2016, roughly 60 days ago, 16 condos have sold in the Back Bay and South End between $1 million and $2.5 million. This price range, which is “all the rage” for well to do older millennials (hoping to extend their stay in the city) and baby boomers...
2015 was another banner year in Boston’s core luxury neighborhoods – Back Bay, South End and Beacon Hill. Overall, these markets are up a rather shocking 27 percent since 2011 as the demand for housing units in these areas continues to dramatically outpace the...
In late 2016, Millennium Tower will open to residents ready to occupy 442 condo units spanning 60 vertical floors on Franklin Street in the midst of Downtown Crossing. This date will mark a new era in Boston luxury real estate when Downtown Crossing (aka Midtown) can...
