
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.
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.
Some of Boston’s western suburbs and other parts of Massachusetts appear to be resisting last year’s national trend of rising luxury-home prices. And part of that could be due to the homes that were never offered for sale in the first place.
The developer of the St. Regis Residences in Boston’s Seaport District received a $240 million mortgage from a company that developed the nearby Echelon Seaport complex.