To say that the Boston condo market in Boston Proper favors sellers is an understatement. Despite continued threats of rising interest rates, disappearing tax incentives and overbidding, Boston condo buyers don’t seem to be deterred.
We’re all operating in an undercurrent of low inventory relative to demand. Simply put, there aren’t enough Boston condos at a variety of price points to go around. More people continue moving to the city, and they’d rather own than rent. And to find a Boston condo for under $500,000….Good Luck.
Prospective Boston condo buyers are finding that it’s quite expensive to purchase a condominium especially in the Boston Proper area. The average price of a Boston condo in the first quarter of 2018 was up ten percent from Q1 2017. And the list of neighborhoods in Boston where you can find a two bedroom condo for $800,000 or less has dwindled to a handful (specifically, Allston, Brighton, Charlestown and Fenway).
Contact me to set up an appointment to start your Boston condo rental process.
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