Boston’s Last Call for New Luxury Product
Nearing completion on Fan Pier, the One Harbor Shore condominium tower touts “the final opportunity to own a piece of Boston’s premier waterfront” to prospective buyers. It’s not wrong.
Why the Eastern Mass. Spring Luxury Market is Moving at Two Speeds
The Greater Boston luxury market’s fundamentals remain strong, while a looming supply cliff downtown and changing demographics in the suburbs open new opportunities.
The Boston Luxury Condo Market’s Big Cooldown
Hot it is not. In fact, stone cold might be a more apt descriptor of downtown Boston’s once sizzling multimillion-dollar luxury condominium scene.
Mass. Condo Market Shows Signs of Softening Amid ‘Peak Uncertainty’
The Massachusetts condo market appears to be softening. Blame buyers’ economic worries and sellers trying to beat a potential downturn.
Luxury Market Takes a Breather
Boston’s luxury multifamily market is showing signs of a slowdown, and it is unlikely things like luxe amenities will move the needle in generating more sales.
Is Limited Inventory Masking Weak Demand?
It’s been my view that limited inventory has been masking weak underlying demand. Even in communities where inventory is still constrained, the near-term inventory trends are sharply higher.
Condo Construction Slowdown Points to Price Hikes
The Greater Boston luxury real estate market has experienced an “attitude adjustment” during the past year and a half thanks to high interest rates, lack of product and buyers unwilling to move.
Greater Boston Luxury Listings on the Rise
Numbers of new listings at the very high end of the Greater Boston home-sale market are on the rise, even as sales totals lagged in the market’s traditional downtown-area core in the first quarter.
Boston’s Luxury Condo Market Still Cold
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.
Three Myths About the Luxury Residential Market
Firm pricing can’t be explained away by supply and demand dynamics. Rising inventory and declining sales suggest weaker prices. So, what’s going on? I suspect that the answer lies in marketing myths.
Slowdown Ahead for Downtown Condos?
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.
With First Republic, Boston Luxury Buyers Lost Popular Source of Financing
First Republic Bank was the dominant force financing Boston’s luxury real estate scene in the last 10 years, and its sudden failure is leaving questions lingering in the air.
Condo Price Spike More Anomaly than Trend – for Now
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.
Green Sometimes Raises Red Flags When It’s Cash
Roughly 1.21 million residential real estate sales were likely processed without any money laundering reporting. FinCEN wants to put a dent in that figure, and has named Boston as a region of concern.
Boston’s Luxury Market Returns
Pauline Bennett has a good perch to watch the urban luxury market grow as Coldwell Banker’s New England regional president. A recent company report recently named Boston as one of the top destinations for luxury homebuyers nationwide.
Webinar: What’s Next for Luxury Development?
Did you miss Banker & Tradesman’s June 28, 2021 webinar on the pandemic’s impact on luxury living in Boston and beyond? Catch up on what experts from The Collaborative Cos., the Noannet Group and CBT Architects have to say about the future of luxury development.
Downtown Residential Market Shows Resilience
The resiliency of the downtown Boston residential condominium market is currently evidencing itself, despite the devastation caused by the global pandemic and has again marched forward through a recession.
