Boston Luxury Inventory Outpacing Nationwide Gains
The Greater Boston luxury homebuyers this spring have more choices than usual, but early hints suggest they may be more resilient in the face of economic uncertainty than their peers.
Boston Luxury Home Values on the Rise
Luxury home values are on the rise in the United States according to new data released from Zillow, particularly in Boston where luxury home values increased 5.8 percent year over year.
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.
With Compass Agents’ Switch, Corcoran Group Gets First Mass. Outpost
New York City luxury brokerage Corcoran Group now has a Massachusetts market presence, thanks to a pair of Compass agents.
Growth in the Luxury Market Is a Positive Indicator for 2024
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?
Boston Luxury Market Listings Up as Sales Tallies Slide
The Greater Boston luxury housing market kept up its weak performance in the third quarter, but now with signs inventory may be on the rise that could reduce support for prices in the sector.
Luxury Brokerages Get Competitors After Market’s Growth Spurt
Familiar brokerage names in Greater Boston’s luxury submarkets are facing new competition and new neighbors in high-profile locations.
Beacon Hill Condo Developer Shifts Exclusive Brokers
Public records show only 35 of The Archer’s 62 units have sold to date. Among the unsold condos: a three-bedroom, 2,800-square-foot penthouse unit with a private terrace.
LandVest to Open Boston Office
Luxury brokerage LandVest, perhaps best known locally for the multi-million-dollar homes its agents regularly sell on Martha’s Vineyard, is trying to break into the Boston luxury market with a new office in Back Bay.
Douglas Elliman Buys Back Bay Brokerage
New York luxury real estate brokerage Douglas Elliman is doubling its footprint in Boston.
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.
Remigration Benefits Battered Downtown Apartments and Condos
The Boston real estate market has been experiencing a wild ride since mid-2020 when COVID-19 appeared on the scene. The speed of the precipitous pricing decline for both urban core rental and for-sale product surpassed even 2008’s historical crash.
The 2020 Turkey Awards: You’re Building What?
While 2020 has been downright disastrous in so many ways, it has truly excelled at delivering a bumper crop of big, fast juicy gobblers to skewer, from doomed projects to idiotic proposals.
Is Boston’s Luxury Boom Over?
For the first time in a generation, the suburbs are hot and the downtown Boston condo market is not, with unsold units piling up and the median sale price dropping. Is it simple caution caused by economic upheaval, or something more?
Caution: Rough Roads Ahead
Cities will always bounce back. But, for now, Massachusetts’ urban economies appear fragile, and the forces that keep them humming are in danger of dissipating.
Will COVID-19 Kill Boston’s Condo Market?
In a time of quarantine, downtowners become envious of those with backyards and uncrowded streets. And so, people ask, will the “new normal” include forsaking cities like Boston to move back to the ‘burbs?
High-End Developers Weigh COVID Containment Plans
The stakes are high for developers who are wrestling with how to make high-density urban living attractive to potential buyers and tenants, amid lingering questions about the length of the pandemic and its effects on the housing market.
