Boston Seaport Condos for Sale 500k and above. Huge Buyer Rebates
2024 Boston Seaport condo for sale data – scroll down for 2024 listings
Byline – John Ford – Boston Seaport Condo Broker.
Boston Seaport Condos for Sale 500k and above
Purchase a Boston Seaport condo from Ford Realty and we willl provide you with over 50% back on our portion of the broker fee at closing
Sorry we are experiencing system issues. Please try again.
Boston Seaport November 2024 Podcast. It may take few seconds to load. Scroll down for Fall 2024 Seaport condo sales data.
Boston Seaport District Fall 2024 Sales Data
What is the median sales price per sq ft for a Seaport condo? The median price is $1,521.00 per sq ft,
What is the median price for a Boston Seaport condo? The median price for a Boston Seaport condo is $1,193,750
What is the average days on the market for a Boston Seaport condo for sale? 80 days.
The above data is from 4th Q 2024 avail so far
Click here to read- Amusing Stories of the Boston Seaport. All true except for the one’s that aren’t.
Seaport Condos: Number of Units Sold
In the bustling heart of Boston’s most vibrant district, Seaport Condos are making waves in the real estate market. As we chart further along the course of 2024, the marina-side magic these luxurious homes offer have sparked a buying spree like never before. In this article, we dig beneath the figures and explore just how many of these prestigious properties have changed hands in the first half of 2024, providing useful insights to buyers and investors alike with an eye for premium waterfront living.
Seaport Market Overview
The Seaport district has long been acclaimed as a bustling and vibrant neighborhood, attracting residents and visitors alike with its diverse range of amenities, waterfront views, and proximity to the heart of the city. As we delve into the market overview of the Seaport district in the first half of 2024, it becomes evident that this region continues to thrive.
Throughout this period, there was a significant uptick in real estate activity, drawing attention from homebuyers and investors alike. The demand for Seaport condos surged due to a combination of factors, such as the area’s increasing desirability, growth in job opportunities, and overall economic stability.
One contributing factor to the attractiveness of the Seaport district is its thriving tech scene. With numerous technology companies establishing offices in the area, there has been an influx of young professionals looking for housing options within close proximity to their workplaces. This has created a surge in demand for condominiums in the Seaport district.
Another noteworthy aspect driving the market’s boom is the seamless blend of commercial spaces with residential developments. This integration creates a unique living experience where residents can work, dine, shop, and socialize all within walking distance from their homes.
To gain deeper insights into the current market conditions within the bustling Seaport district, it is crucial to explore factors such as pricing trends, inventory levels, and buyer sentiments.
- Based on the data from Massachusetts Association of Realtors, a total of 357 condos were sold in the Seaport district in the first half of 2024 showing a 5% increase compared to the same time frame in 2024.
- The median sales price for condos in Seaport for the first half of 2024 was $1.05 million, representing a rise by 7% from the previous year.
- According to statistics published by the Urban Land Institute Boston, condo sales comprised approximately 39% of all residential property sales in the Seaport district during this period.
Current Market Conditions in the Seaport District
In recent times, prices within the Seaport district have displayed upward momentum, reflecting a strong demand-supply dynamic. Limited inventory combined with high demand has led to an increase in property values. Home prices have appreciated steadily over the first half of 2024, making it an opportune time for sellers looking to capitalize on their investments.
It’s important to note that while this may be favorable for sellers, it presents a unique challenge for buyers looking to enter the market. The surge in demand coupled with limited inventory has led to increased competition among buyers, resulting in multiple offer situations and potentially bidding wars.
Think of it as searching for treasure on a popular beach – the more people looking for that treasure, the harder it becomes to secure it for yourself.
Despite these challenges, there are still opportunities available for prospective buyers who are willing to stay patient and work closely with knowledgeable real estate professionals. Understanding the intricacies of the market and having a well-defined budget and preferred criteria can be crucial in finding success in this competitive landscape.
Furthermore, the Seaport district’s allure is not solely due to its residential offerings. This thriving neighborhood offers an array of cultural attractions, fine dining options, and recreational activities, making it an ideal investment location for individuals seeking a vibrant lifestyle.
For instance, consider a family looking to purchase a condominium in the Seaport district. Not only would they benefit from the prime location and robust property appreciation potential, but they would also have access to world-class museums, waterfront parks, trendy restaurants, and exciting entertainment venues – creating an enriching experience for the entire family.
Number of Seaport Condos Sold in First Half of 2024
The real estate market in the booming neighborhood of Seaport has witnessed a significant surge in demand for its luxurious condominiums. In the first half of 2024, a total of 300 Seaport condos were sold, showcasing a robust and thriving market. This high volume of sales can be attributed to various factors, including desirable amenities, prime location, and an increasing number of individuals seeking upscale living arrangements.
The popularity of Seaport condos can be partly attributed to their attractive features such as scenic water views, state-of-the-art fitness centers, rooftop pools, concierge services, and proximity to trendy restaurants and entertainment venues. These modern amenities coupled with a sense of exclusivity have attracted buyers from diverse backgrounds who are willing to invest in the luxury and convenience offered by these condominiums.
The growing trend among millennials and young professionals to prefer urban living has also contributed to the increased sales. Many people in this demographic value the proximity to city centers and the vibrant lifestyle that Seaport offers. Additionally, the development of tech companies and startups in the area has led to a substantial influx of residents seeking elegant living spaces close to their workplaces.
For instance, imagine Sarah, a young professional working at a nearby startup company. She appreciates the convenience of living just a few steps away from her office while enjoying the vibrant atmosphere and amenities that Seaport has to offer. To her, investing in a Seaport condo is not only an opportunity for luxurious living but also an investment in her desired lifestyle.
Despite the impressive number of units sold, it’s important to note that there may be variations within different price ranges and condo developments within Seaport. The sales data might exhibit fluctuations based on factors such as unit size, location within the building, floor-level, or specific features unique to each property. These variations underscore the importance of conducting thorough market research and consulting with real estate professionals when contemplating a purchase in this competitive market.
Now that we have an understanding of the overall number of Seaport condos sold in the first half of 2024, let’s delve into an intriguing comparison between first-hand and second-hand sales volume.
First-Hand vs Second-Hand Sales Volume
When analyzing the sales dynamics within the Seaport condo market, it’s essential to consider both first-hand (newly constructed) and second-hand (previously owned) units. The distinction between these two categories is crucial as it provides valuable insights into market trends, pricing differentials, and buyer preferences.
First-hand sales volume represents the number of newly constructed condos sold directly from developers or builders. These units often come with the advantage of customization options and access to the latest design trends and technologies. Buyers interested in purchasing a brand-new property in Seaport can choose from a range of floor plans and finishes according to their preferences.
On the other hand, second-hand sales volume refers to condos that have been previously owned and are being resold by individuals in the market. These units may offer unique features or advantages not found in new construction, such as established neighborhood communities or potential cost savings due to depreciation compared to initial sale prices.
Based on recent data, the first-hand sales volume accounted for 60% of the total Seaport condos sold in the first half of 2024, while second-hand sales made up the remaining 40%. This trend indicates that buyers are attracted to both new construction offerings with modern amenities and potential investment opportunities presented by previously owned units.
You can think of first-hand sales as akin to purchasing a new car directly from a dealership – you have the opportunity to select desired specifications and enjoy the excitement of owning something brand-new. Meanwhile, second-hand sales can be compared to buying a used car – you may find unique features, lower prices, or the charm of a previously owned vehicle.
The balance between first-hand and second-hand sales in Seaport showcases a healthy real estate market with diversification and options for potential buyers. Whether individuals are seeking the allure of new construction or the value proposition offered by resales, the Seaport condo market caters to a wide range of preferences and budgets.
Influence of Builder and Developer Inventory on Sales
Luxury condos in Boston’s Seaport | Ford Realty Inc
One significant factor that heavily influences the number of units sold in a seaport condo development is the inventory available from builders and developers. When developers have a substantial inventory, it often works in their favor as they can offer various options to potential buyers. This wide selection provides buyers with the opportunity to choose the most suitable unit based on their preferences, budget, and specific needs. Additionally, having a large inventory means that developers can cater to different price ranges, attracting a diverse range of buyers.
On the other hand, if a builder or developer has limited inventory available, it creates a sense of urgency among the potential buyers. The scarcity of units can ignite competition and lead to faster sales, as buyers are aware that they may miss out on an opportunity if they delay their decision. Limited inventory also gives the impression of exclusivity, which can further drive up demand for these seaport condos.
To illustrate this point further, let’s imagine a scenario where a developer has just released a new phase of seaport condos for sale. If there are plenty of units available within the development, potential buyers will have more options to consider. They’ll be able to compare various floor plans, features, and price points to find the perfect match for their needs. This abundance of choice can attract more interested parties and result in higher overall sales.
On the contrary, if there are only a few remaining units left in a popular seaport condo development with high demand, prospective buyers might feel compelled to act quickly. The fear of missing out on securing a unit in such a sought-after location could push them to make faster purchasing decisions. In this scenario, being proactive becomes crucial since waiting too long could mean losing out on an opportunity altogether.
Ultimately, the availability or scarcity of builder and developer inventory plays a significant role in driving sales for seaport condos. Whether there is a wide range of options or limited availability, buyers’ decisions are often influenced by the perceived value and exclusivity associated with these properties.
Now that we’ve examined the influence of builder and developer inventory on sales, let’s explore the factors that drive buyers towards either a first-hand purchase from the developer or a second-hand purchase from a previous owner.
- The availability or scarcity of builder and developer inventory heavily influences the sales of seaport condos. Having a large inventory provides buyers with more options to choose from, attracting a diverse range of buyers, while limited inventory creates a sense of urgency among potential buyers, igniting competition and driving up demand. The perceived value and exclusivity associated with these properties often influence buyer decisions.
Factors Driving Buyers towards First or Second Hand Purchase
When it comes to purchasing a seaport condo, prospective buyers have two primary options: buying directly from the developer as a first-hand purchase or purchasing from a previous owner as a second-hand purchase. Several factors influence buyers’ preferences and decisions between these two choices.
One significant factor driving buyers towards a first-hand purchase is the allure of brand new units. The appeal of being the first occupant in a pristine, untouched space is undeniable. First-hand purchasers have the opportunity to customize their units according to their preferences and vision. The experience of selecting finishes, fixtures, and other design elements adds an additional layer of excitement and professionalization to the buying process.
On the other hand, factors such as affordability and immediate availability often drive buyers towards second-hand purchases. Second-hand units may come at lower price points compared to newly developed units due to factors like depreciation or market conditions. Additionally, these units are usually ready for immediate occupancy, providing convenience for buyers who prefer to move in without waiting for construction completion.
It’s also worth noting that some buyers are more attracted to established communities with existing amenities and infrastructure offered by second-hand seaport condos. These features can include well-maintained common areas, established security systems, and even established relationships among neighbors. For those seeking stability and an already-established environment, second-hand purchases can offer a sense of belonging right from day one.
To illustrate this further, imagine you are considering purchasing a seaport condo for yourself. You crave the excitement of being the first occupant, envisioning a space tailored to your likes and desires. In this case, a first-hand purchase would be more suitable as it allows you the opportunity to design and create your dream home from scratch.
However, suppose you are looking for a more affordable option or need to move into a new place quickly. In that case, a second-hand purchase would align better with your priorities. This type of purchase gives you immediate access to an established living space without waiting for the development process to complete.
As we can see, several factors influence buyers’ decisions between first and second-hand purchases. Understanding these factors helps individuals make informed choices based on their preferences and unique circumstances.
Boston Seaport Condos for Sale 2024. Buyer Rebate for Seaport Condo Buyers
Dramatic views of the stunning Boston skyline, direct access to a thriving waterfront lifestyle, a vibrant food scene, and top-notch cultural experiences – the Boston Seaport district offers all this and more. However, luxury doesn’t always come cheap. As soaring demand meets finite supply, what does it cost to call this trendy neighborhood ‘home’ in 2023? Dive into our detailed analysis of the average price for a Boston Seaport condo and explore what drives the real estate market in this dynamic area.
What is the average price of a Boston Seaport condo in 2024? The average price of a Boston Seaport condo in 2024 will be between $1.2 million and $1.8 million. However, it’s important to note that this can vary depending on factors such as location, size, and amenities offered by individual units. We recommend speaking with a licensed real estate agent for more personalized information.
Boston Seaport Condo Sales Data for 2024
Seaport condos starting at $500k and up. Our real estate agents are avail to contact 24/7 for the Echelon Seaport condos and St. Regis. Cell/text for an agent at 617-595-3712,
What is the average size of a Boston Seaport Condo?
The average living area for a Boston Seaport condo for sale in 2024 is 1,182 sq. ft.
What is the average list price for a Boston Seaport condo in 2024?
The average list price for a Boston Seaport condo for sale in 2024 is $1,563,00
What is the median sales price for a Boston Seaport condo in 2024?
The median sales price for a Boston Seaport condo in 2024 is $1,505,750 based on MLS sales data
What is the average sales price per sq. ft. for a Boston Seaport condo in 2024?
The average sales price per sq. ft. for a Boston Seaport condo unit in 2024 is $1,651.00.
What is the ratio sales price to list price for a Boston Seaport condo in 2024?
In the 1st Q of 2024 the sales price verse the list price for a Boston Seaport condo was 97.85%
Boston Seaport Condominium Facts
- The Boston Seaport Condos are located in the Seaport District of Boston, Massachusetts.
- The Seaport District is a vibrant waterfront neighborhood with a mix of residential, commercial, and retail spaces.
- The condos are within walking distance of the Financial District, the Boston Convention and Exhibition Center, and the Institute of Contemporary Art.
- The condos feature modern amenities such as stainless steel appliances, granite countertops, and hardwood floors.
- The building offers 24-hour concierge services, an on-site fitness center, and a rooftop terrace with views of the harbor.
- The condos are located near a variety of restaurants, bars, and shops.
- The Seaport District is home to a number of tech companies, including Amazon, Microsoft, and Oracle.
- The condos are a short walk from the MBTA Silver Line, which provides easy access to downtown Boston.
- Some of the Seaport complexes feature outdoor and/or indoor pools
- Seaport condos and apartments feature in unit washer/dries (laundry).
- All units have access to high speed elevators
- These Seaport suites feature highly constructed designed bathrooms with high tech features
- Most suite have floor to ceiling windows with water views.
Luxury Living in Boston’s Seaport: A Look at Condo Prices 2024.
It’s no secret that when it comes to luxury living, the Boston Seaport is the premier spot for condo-dwellers in the city. Whether it’s spectacular views of the city skyline, easy access to area amenities, or simply the promise of owning a piece of prime real estate, investing in a condo carries a lot of appeal. But what does it actually cost to live the luxury lifestyle in the Seaport area? Today, we’re diving deep into condo prices in the sought-after Boston Seaport, as well as taking a look at the factors to consider and trends to watch out for. So, buckle up and get ready for an in-depth exploration of luxury living in the Boston Seaport!
Quick Summary
Prices for Boston Seaport condos can vary widely depending on a variety of factors, such as size, location, amenities, and age. A real estate agent or broker is your best resource for detailed pricing information.
The Boston Seaport Real Estate Market
The condo market in Boston’s Seaport district has steadily grown in recent years. While this growth has irrevocably changed the landscape of the district, it offers a variety of attractive options for those looking to invest or buy luxury living space.
Those pro-luxury living in Boston’s Seaport point to the fact that the Seaport District is home to a number of up-and-coming businesses, startups, and walkable neighborhoods. The prices are more than competitive with other neighborhoods and districts across the city, making it a prime location for high-end brokers and real estate investors alike. Moreover, data shows that many people move to the district specifically to benefit from luxury living in an area near employers and educational institutes.
On the other hand, there are those who argue that luxury living can become too expensive for lower income families and individuals. They may be priced out completely due to rapidly increasing condo prices, leading some to worry about gentrification and displacement caused by such growth in luxury condominiums. Moreover, many argue that the condos are often too small for larger families or multiple roommates looking for affordable housing in a reasonably sized luxurious setting.
While these arguments must not be taken lightly, it is clear that there is a healthy market for luxury living thanks to the development of Boston’s Seaport District. Whether or not further investments should be made at this time ultimately depends on the individual investor but it should certainly be noted that there are advantages and disadvantages associated with investing in this area.
As one looks forward, it would be beneficial to explore how exactly luxury living impacts not just Boston’s Seaport District but also its surrounding areas — each with their own unique features and offerings — before transitioning onto what kind of environment luxury living brings about in terms of amenities and lifestyle choices.
Seaport Area Location Features
The Seaport area of Boston boasts an impressive variety of location features that everyone would appreciate. On one hand, residents enjoy the luxuries of living in a vibrant city with easy access to both the downtown area and neighborhood conveniences. For those who work in the Financial District or other parts of Boston, commuting is made easy by convenient public transportation and a short walk or bike ride to the office. In addition, several parks, restaurants, and entertainment venues are located within walking distance making it convenient to partake in hobbies such as jogging, cycling, dining out, or going to the movies.
On the other hand, some may view the congested traffic of a big city as an inconvenience or consider some of their favorite restaurants too far away for regular visits. While these issues can be addressed through proper planning and balanced approach to living in a city environment, they should be viewed as part of the overall experience when considering luxury living in Boston’s Seaport District.
It is clear that people should take into account all of the available amenities nearby while assessing if luxury living in Seaport is right for them. This includes major attractions like Chinatown, The Institute of Contemporary Art, and The Children’s Museum while also accounting for local businesses like bakery’s, coffee shops, and fitness centers providing necessary services to everyday life. Overall, this allows individuals to decide on whether or not they want to relocate to this highly coveted section of Boston and determine whether or not it aligns with their desired lifestyle.
As determining prices for Seaport condos is based off many factors in addition to location features such as amenities and commute ease; understanding how much value these elements hold for each person is essential prior to investing in your future home.
Determining Prices for Seaport Condos
When it comes to the cost of living in the Seaport area, potential buyers understandably have numerous questions. While location is certainly a major factor in determining prices for Seaport condos – and many aspects of the district make it an attractive option as listed in our previous section – there are many other elements that affect the price tag associated with these housing units.
Square footage is one of several factors in play when considering the overall cost. As a general rule, larger condo units with more spacious amenities will command higher asking prices than studios or one-bedroom layouts. Additionally, luxurious features – like spectacular views of Boston from high-level condos, modern appliances, sophisticated and stylish décor, gourmet restaurants and high-end retail shops in walking distance – will contribute to the desirability of a particular unit and impact its asking price accordingly. There may also be community amenities to consider, such as shared meeting spaces or fitness centers included in the ownership package that would drive up purchase costs further.
On the flip side, however, those wanting to pay less for a Seaport condo can equally find options available. Condos located toward the outer perimeter of the district still boast similar amenities as their closer-to-the harbor counterparts at lower prices; furthermore, simpler finishes, fixtures or square-footage sizes all contribute to lower asking prices. The same goes for street noise – opting for a quieter street or neighborhood instead of one situated on a bustling avenue can result in greater savings for those searching for an affordable home near the fashionable Seaport district.
At this point, with your real estate insights into luxury living in Boston’s Seaport already primed and educated, there is more work to be had before fully understanding what actually drives ebb and flow of these trendy condominium prices within the sought-after area: How do new development projects come in play? We’ll take a closer look at this topic next as we continue our exploration of living large near Boston’s inner harbor.
- According to Zillow, the median list price for homes in Boston Seaport as of July 2020 is $1,279,500.
- According to Trulia.com, the median sale price for condos in the Boston Seaport area as of July 2020 is $1,098,100.
- According to data from 2019 compiled by NeighborhoodScout.com, one-bedroom condos in the Boston Seaport area have an average purchase price of $919,894.
Effect of Development Projects on Prices
It is clear that development projects in Boston’s Seaport district have a major influence on the prices of condos within the area. Some believe that the influx of new developments puts pressure on condo prices in the area due to increasing demand, while others posit that such projects actually keep prices steady and more reasonable by providing more units to the market.
Supporters of the first viewpoint argue that when new developments push into the already limited space that comprises Boston’s Seaport, it creates an inevitable surge in competition for condos and their existing owners look to take advantage by raising their asking prices. Furthermore, these higher prices are even further inflated as potential buyers look to pay extra for highly sought after waterfront views.
On the other hand, proponents of developing projects claim that not only do these projects bring greater accessibility, but they also provide an array of new units which keeps prices from skyrocketing. In recent years, this has especially been true with proposals such as the iconic “Seaport Square” project which brings thousands of new residential units to a previously mostly-commercial district. Additionally, construction firms have managed to leverage their economies of scale in order to add high-end amenities and features at a much lower price point than what normally would be possible – allowing homebuyers to get more bang for their buck without sacrificing quality or luxury.
Overall, while there is evidence in favor of both sides, it remains unclear exactly how much influence these new developments truly have on condo prices in Boston’s Seaport. With plenty of luxury amenities and developments still coming down the pipeline, it will be interesting to see what impact this has on pricing trends moving forward. That said, no matter the effects of development projects, luxury amenities should always come first when searching for the perfect Seaport condo – something we’ll be taking a closer look at next.
Main Points to Remember
Development projects in Boston’s Seaport district may have an influence on the prices of condos within the area. Supporters of this viewpoint argue that these projects create higher demand, leading to higher prices, while proponents of developing projects claim they provide an array of new units to keep prices reasonable. Ultimately, however, it remains unclear how much influence projects have on condo prices in the area. Luxury amenities should always be kept in mind when searching for a Seaport condo.
Luxury Amenities to Look for in a Seaport Condo
When it comes to luxury living in Boston’s Seaport, finding the right amenities is essential. Depending on where your condo is located, the offering could be vast or quite minimal. For instance, some of the condos in this area offer incredible features such as rooftop terraces with stunning city views, pet friendly spaces for furry family members, and swimming pools exclusive to condo owners. On the other hand, some areas may be lacking when it comes to amenities — only providing shared laundry facilities or a windowless gym.
So what should potential buyers consider when seeking out their perfect condo? One advantage to investing in a property in more established areas are the tried-and-tested amenities offered; some buildings may have been around many years and therefore will have the luxury touches already built in. The downside to this approach is that prices can be high, since these types of buildings often come at a premium price tag. On the other hand, investing in up-and-coming complexes can pose risks but also potentially huge rewards; this is especially true when development projects have pushed up prices in the area, as mentioned previously. Investors who get in early can often benefit from developments which quickly increase the value of their properties — although there are no guarantees!
Ultimately, researching all aspects before investing in a condo is key. This includes availing of current assessment reports that detail the amenities that are actually available, as well as consulting industry experts for advice and opinion on whether investing long-term makes sense — something which should be balanced against financing options and rent versus buy considerations before making a final decision.
Financing Options and Rent Versus Buy Considerations
When determining the best way to purchase a luxury condo in Boston’s Seaport, potential buyers should consider financing options as well as rent vs. buy considerations. Financing options, like home loans or HELOCs, can help to secure ownership of the condo while allowing buyers to fully enjoy the amenities and benefits of living in the Seaport. Renting is certainly an option, and renters can still enjoy upscale services, but they may not get the same benefits when it comes to long-term equity or appreciation. Although there are risks associated with buying—including unforeseen expenses like upkeep or repairs—there can be benefits to owning a property outright; such as significantly lower monthly payments than renting and the opportunity for significant capital appreciation over the years.
As with any decision that affects your financial future, it’s important to carefully consider all aspects before making a commitment. Ultimately, it will come down to what fits best within your current budget and long-term investment plan. Now that you understand more about luxury living in Boston’s Seaport area and have familiarized yourself with available amenities to look for in a condo unit, it’s time to take a closer look at current prices throughout the Seaport area.
What are Current Prices in the Seaport Area?
When looking at current prices for luxury condo units in Boston’s Seaport, there are two main points to consider: the buyer’s budget and their desired area. These two factors can drastically increase or decrease the price of a condo. For example, choosing a unit in the heart of the Seaport may cost more than an adjacent neighborhood while still providing comparable amenities. On average, most experienced buyers and real estate agents believe that one-bedroom condos are within the range of $700,000 – $1 million dollars. While this is expensive by most standards, it is seen as reasonable given the high number of recreational activities, world-class dining opportunities, diverse culture, and nightlife in the area. However, some first-time buyers disagree with this assessment and state that such prices are overpriced for what they get, though no hard evidence has been provided to back up this claim.
Overall, it is important to note that prices can vary widely depending on location and other variables. As previously discussed, buyers should carefully analyze their budget, wants and needs before making a purchase decision in this area. The key takeaway is that there can be good deals and bad deals depending on how good one’s research is. With that said, investors have recently begun noticing big potential in the Seaport Area given its many advantages compared to other parts of Boston and beyond. This provides investors with an opportunity to cash in if they conduct smart due diligence while also enjoying all of the perks that come with living/investing in an affluent city like Boston.
Investors Find Big Potential in the Seaport Area
The luxury living in Boston’s Seaport area has a lot of potential for investors, as the prices of condos are currently quite attractive. Preliminary evidence around current condo prices shows that costs for these units can range anywhere from 500k to 1 million dollars, with median price points falling somewhere in between those two numbers. Further research into those specific areas reveals that the values of the condos increase year over year and could potentially give investors the opportunity to make a sizable return.
On one hand, investors may think twice about taking their chances on this neighborhood due to its young age compared to other established zones in Boston; however, on the other hand, there are countless reasons why it should still be viewed favorably. This rapidly growing area has all the amenities anyone could expect of a local luxury market – high-end retail outlets, delicious seafood restaurants, impressive housing developments, and open public spaces which provide excellent views of the Atlantic Ocean. Additionally, its close proximity to downtown Boston and Logan Airport gives it additional appeal and accessibility. Factors like these increase the chances of finding individuals or families looking to invest in property in this highly demanded area.
Overall, the potential returns expected from an investment such as this could certainly yield desirable results if chosen wisely. Though it is always important for any investor to do their due diligence beforehand, it is likely that many will see that Boston’s Seaport area has much to offer in terms of ROI (return on investment), given its strong economic foundation and prime location.
Answers to Common Questions with Explanations
What amenities does the Seaport area offer to condo owners?
The Seaport area of Boston offers several amenities to condo owners, including many recreational opportunities. There are a variety of restaurants, shops and cafes within the neighborhood. Additionally, there is the waterfront promenade, which features bike paths and an array of parks and plazas with beautiful views of the harbor. The nearby Institute of Contemporary Art is also a popular attraction. With so much to do, it’s no wonder that condo prices in this area remain high.
What factors determine the price of a condo in the Seaport area?
The price of a condo in the Seaport area is determined by a variety of factors, including size, location, amenities, and age. The size of the unit is one of the most important criteria when it comes to pricing. Larger units will generally cost more than smaller ones. Location also plays an important role; for instance, an apartment closer to popular attractions may command a higher price because of its proximity to desirable spots. Apartments with more desirable amenities or features are also likely to come with a high price tag. Finally, older condos may be priced lower than newer developments due to their age. All these factors can affect the final price tag of a condo in the Seaport area.
What range of prices can be expected for condos in the Seaport area?
The range of expected prices for condos in the Seaport area depends heavily on a variety of factors, including location, size, amenities, and age of the building. Generally speaking, you can expect to pay anywhere from $500K to upwards of $2M+ for a luxury condo in the Seaport area. The price will usually increase dramatically if the condo is located near popular destinations or features desirable amenities like rooftop decks, fitness centers, and private garages. The age of the building can also have a big impact on price—older buildings may be cheaper than newer ones because they may require more renovations or repairs. Ultimately, there is no one-size-fits-all answer for how much a condo in Boston’s Seaport will cost.
Seaport condo questions
How Seaport questions and details
1. Boston Seaport condos for sale are located in the Seaport District of Boston, Massachusetts.
2. The Seaport District is one of the most sought-after neighborhoods in Boston, with its close proximity to the waterfront, restaurants, and shops.
3. The condos for sale in the Seaport District range from studio apartments to three-bedroom units, with prices ranging from $500,000 to $2 million.
4. The condos in the Seaport District offer stunning views of the harbor, the downtown skyline, and the surrounding area.
5. The condos for sale in the Seaport District feature modern amenities such as high-end appliances, hardwood floors, and granite countertops.
6. The condos for sale in the Seaport District are located within walking distance of the Financial District, the South End, and the North End.
Boston Seaport Condos for Sale 2024. Buyer Rebate
Looking to buy a Boston Seaport Condo 2024
If you’re looking for a Boston Seaport condo for sale $500k and up, view these listings below
Looking to buy a Boston Seaport Condo this Fall of 2023? These numbers may shock you! Boston’s Seaport was one of the hottest districts in Boston. While many industries have moved to this exciting area, it has also attracted numerous developers which have completed or are in the process of finishing luxurious homes that are available for sale. But the latest sales data may shock you.
Boston Seaport condos for Sale data 2nd Q 2022
Average sales price 2nd Q 2022 – $2,110,630.00 up from $2,104,969 from 2nd Q 2021.
Updated: Boston Real Estate Blog 2024
Boston Seaport condo sales data 1st Q 2021:
Average sales price 1st Q 2021 – Down 8.1%
Average cost per sq./ft. – Down 6.2%
Number of closings 1st Q 2021 – Down 35.2%
What is the average sales price of a Boston Seaport condo 2nd Q 2021? Hint, prices are going down.
The once-hot smooth sailing Boston Seaport condo sales market is losing wind from its sales in the first quarter of 2021:
Boston Seaport Condo Sales 1st Q 2021 – $1,566,00 avg. sales price
Boston Seaport Condo Sales 4th Q 2020 – $1,615,646 avg. sales price
Boston Seaport Condo Sales 3rd Q 2020 – $1,768,428 avg. sales price
Boston Seaport Condo Sales 2nd Q 2020 – $1,650,161 avg. sale price
Boston Seaport Condo Sales 1st Q 2020 – $1,692,328 avg. sales price
Boston Seaport Condo Closings Down 1st Q 2021
The number of Boston Seaport condo closings are down in the 1st Q of 2021 by over 35%:
The number of Boston Seaport condo closings 1st Q 2021 – 57
The number of Boston Seaport condo closings 2nd Q 2020 – 48
The number of Boston Seaport condo closings 3rd Q 2020 – 56
The number of Boston Seaport condo closings 4th Q 2020 – 40
The number of Boston Seaport condo closings 1st Q 2021 – 88
How many Boston Seaport condos sold in the first 6 months of 2021?
In the first 6 months of 2021, 107 condos were sold in the Boston Seaport District.
Why Boston Seaport Condos Can be Great Investments
Whether you’re buying a family condo, a holiday home, or an investment property, you’re most likely thinking about its value now and into the future. This train of thought may even play a part in which property you buy and where it’s located.
However, if you’re not quite sure where to begin on your downtown Boston condo purchasing journey and you want to make a wise investment decision, consider starting with Boston Seaport properties. There are many surprising reasons why they can be worth your while.
A Boston Seaport Condo Provide Great Returns
Out of the many benefits of living on the Boston Seaport, one of the biggest is the potential for investment returns. Even if you don’t plan on selling your new Seaport property for some time, it can give you a lot of confidence to know that you likely won’t lose money when the time comes to put the Boston condo for sale on the market.
According to some sources, waterfront properties have appreciated more than several others in recent years. Even when the Boston real estate market is at its slowest, they tend to maintain their value at a bare minimum. In part, this may be a case of basic economics. There’s a limited supply of waterfront properties, so there’s likely to be high demand.
Boston Seaport Home Rental
Selling your new Boston luxury Seaport property for a profit may not even be on your mind, but there is still money to be made while it’s under your ownership. If you purchased it as a holiday home for your family to enjoy at certain times of the year, you could rent it out as a short-term vacation home when you’re not using it.
There is potential for you to earn several hundreds of dollars each night, and all because people want to experience living on the Boston Harbor for themselves.
Full-Time Rental
It’s not very often that you come across properties for rent in desirable waterfront locations. If you have purchased such a property as a sound investment, renting it out full-time may be an excellent way to earn a steady income.
You might have heard many tenant horror stories, but the weekly asking price may help you secure only the best tenants. What’s more, a tenant can look after your investment rather than you having to pay someone to mow lawns, tend to gardens, and keep it looking lived in.
Vacation Savings
Even if you haven’t yet decided if now is the right time to invest in real estate, there can be one way to make it seem like a desirable option sooner rather than later. Take note of how much you spend on your average family vacation.
The cost of one night of accommodation can sometimes be more than what you pay on your mortgage in a week. If you have pets, as most Americans do, you also often have to pay someone to care for them since many hotels and motels have no-pet policies.
When you factor in travel costs, hotel cleaning fees, and set times of the day you have to arrive and leave by, you’ll soon see why investing in a waterfront property is worth your effort.
Out of all investment types, real estate is one of the soundest options. If you want to maximize your profit potential as much as possible, it might be time to talk to a realtor about potential waterfront properties that suit your needs.
Available at The Echelon
Echelon Seaport is a luxury high-rise building located on Seaport Blvd with some units with Harbor Views. Finishes include white oak floors throughout, open kitchen with custom Italian cabinetry, Thermador integrated appliances, and spa-like marble bath. 2 levels of spectacular retail and restaurants paired with over 50,000 sq ft of indoor and outdoor residential amenities. With a focus on innovation and wellness, Echelon Seaport residents enjoy 1 indoor and 2 outdoor pools as well as state of the art fitness facilities including an indoor sports court, golf sim, and yoga studio. The Club Level features a fireplace lounge, private dining room, and outdoor terraces with grill stations and fire pits all designed to be an extension of your home. Residents will enjoy services including 24/7 concierge, doormen, and 24/7 Valet Parking. Ready for Occupancy.
Echelon Seaport Condos for Sale in 2024
What do you get when you build tastefully appointed living with every luxury imaginable right in the center of world-class dining and nightlife?
Located at 133 Seaport Blvd., it offers one, two, and three-bedroom units with stunning views. In just the past six months, 17 units have gone under contract at an average price of $2,284,000 ($1,768 per square foot). One-bedroom units averaged 700-800 square feet while two and three-bedroom units averaged 2,100-2,600 square feet.
Echelon Condo Amenities
The Echelon features 50,000 square feet of amenities such as three swimming pools, a golf simulator, a basketball court, a wellness center, and private spa rooms. In addition, temperature-controlled wine storage, private and al fresco dining, and social lounges overlooking manicured gardens offer you and your guests the ultimate experience in luxury entertaining. And for your furry family member, the Echelon offers an on-site dog run and pet spa.
And if all of this was not enough, residents of the Echelon have exclusive use of the Echelon Life App which offers “global luxury lifestyle management and concierge service that can accommodate your needs. Call the valet for your car, make a restaurant reservation, or book a private jet to Nantucket (or Paris). All in the palm of your hand.”
Click Here to view: Google Ford Realty Inc Reviews
The Evolution of the Boston Seaport District
Call our Boston Seaport Condo Sales Agent
Janet Lamb Seaport Broker
24 hr cell/text on cal agent 617-595-3712
Ford Realty – Boston Real Estate Google Reviews 2000 – 2024
Back to Boston condos for sale homepage
The Problem
Looking to move closer to family, two empty-nesters swapped their New Hampshire digs for a 2,100-square-foot Seaport condo. But while the unit’s covetable location and unrivaled views of Boston Harbor were exactly what they were looking for, the living area’s contemporary finishes (think: high-gloss, lacquered cabinetry and snow-white walls) didn’t align with their traditional tastes.
The Solution
To meld their classic style with the home’s ultramodern feel, interior designer Paula Daher softened the space with warm accents. In the dining area, for instance, she dressed up a blank wall with panels of white oak. “In a contemporary building, you want to bring in natural elements so the space feels more grounded,” Daher says. The pieces frame a geometric Harlequin wallcovering, which creates a focal point above the new channeled banquette and custom dining table.
Boston Condos for Sale Search
Byline – John Ford – Boston Seaport Condo Broker.
Ford Realty Inc., Boston Real Estate for Sale
Click to View Google Review
Updated: Boston Real Estate 2024
Peace be with you
______________
