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...
Whoa. Well, the first real spring-like day has hit Boston and the buzz that we expected from the a week of increased inventory is evident on the streets. Seems like every other person I walked by had a property brochure in their hands. I expect tomorrow to be even...
