Urban Boston Condo Prices Edge Higher
Urban Boston condominium sales prices approached $1.3 million in the second quarter as the new supply pipeline declines.
Urban Boston condominium sales prices approached $1.3 million in the second quarter as the new supply pipeline declines.
Experienced agents say there’s a number of possible reasons why more Boston-area single-family listings appear to be hanging around on the market than condos. But one thing is certain: Condos are no longer the affordable option.
The developer behind a project planned for Boston’s most southerly neighborhood is asking city officials for permission to convert the project from a mix of condominiums and rental units to fully rental units.
Downtown Boston’s most-watched development project is set to create a new neighborhood within a single building, as closings of the first condominiums begin in April at Winthrop Center.
A spike in Massachusetts condominium sales prices in October may not be a signal of a flight to affordability so much as be a sign that developments under construction over the last few years are finally coming online.
Luxury real estate markets in some of America’s most important cities could soon start to feel a pinch from sanctions on Russia’s elite. But not Boston.
Back Bay’s newest high-end residential tower passes a construction milestone this week as Boston condo sales accelerate.
The urban condo market may be making a comeback, but only at the lower end of the spectrum. Something else is happening at the top end as supply of luxury units builds up.
Where is the housing market headed? After all the data from the chaotic spring selling season is in, we are left to read the tea leaves and what they might suggest about the fall market’s direction. A few patterns seem to be emerging out of recent market data.
New housing data covering the first seven months of 2021 seems to suggest a shift may be underway in the urban market, while some suburban towns experienced a softening in prices.
After starting out in suburban home construction, J.D. Wild is adding to the multifamily inventory in Boston neighborhoods that are seeing a surge of condominium construction as head of Boston-based Elevated Realty’s development business.
After a broad-based dip in Boston’s luxury condo market in 2020, developers of the Raffles Boston Back Bay Hotel & Residences have a brighter post-pandemic outlook for sales of 146 condos at their 35-story tower.
Even as the state began to slowly ramp up its COVID-19 vaccines last month and an the coming end of the pandemic became a little more believable, many homeowners still were reluctant to list.
Owners of Boston’s Dock Square Garage are switching up their redevelopment plans with a proposed redesign that would increase condo sizes by 64 percent.