One Size Doesn’t Fit All
Whatever the name, city pied-a-terre abodes do have something in common: They’ve become an important part of luxury tower development strategies in Boston.
Whatever the name, city pied-a-terre abodes do have something in common: They’ve become an important part of luxury tower development strategies in Boston.
Red hot for years, has the Boston luxury condo market finally lost its sizzle? It looks like it – and developers’ ability to offer cash back at closing could be keeping prices from coming down.
Luxury properties offer a barometer for the overall housing market. And rising optimism among luxury buyers could signal an overall thaw. But what do those high-end buyers want?
A residential brokerage claims the developer of the St. Regis Residences Boston owes over $1 million in unpaid commissions from sales that it brokered before being replaced in 2022.
Owners of luxury homes in Boston can take solace in this fact: At least they’re not in San Francisco, even as new data shows the region’s high-end housing market is moving noticeably slower than the rest of the sector.
Half full or half empty? That’s one question to be asked as an assortment of new condo towers compete for buyers and pushes to keep the sales momentum going.
The future of Boston’s office and luxury residential markets can be seen in two new skyscrapers, one just complete, the other starting to rise into the city’s skyline above South Station.
No real estate market is bulletproof. And the condominium market in downtown Boston, dominated as it is by multimillion-dollar luxury sales, is no exception.
A never-occupied condominium near the top of Boston’s One Dalton could set a record sales price at New England’s tallest residential building.