Your personal home-buying schedule doesn’t have to correspond with the Beacon Hill condo market. In fact, buying during the “off season” can yield tremendous advantages.
The “off season” differs depending on your specific location, but always refers to the period of time during a calendar year when both inventory and competition are low. Usually, this corresponds with the weather conditions in a particular area.
If you’re buying a Beacon Hill condo, you may just want to begin looking for your dream home during this period of market inactivity. Here’s why:
There’s Less Competition
During the off season there are typically far fewer active buyers looking for Boston condos for sale, as most buyers prefer to look for homes when the weather is great or their kids are out on summer vacation. If you’re searching during the off season, you won’t feel as much pressure from other buyers looking at the same homes as you.
This gives you plenty of time to tour Beacon Hill condos for sale, think about them, and come to a decision about whether or not you want to put an offer down.
But the Same Great Inventory
While inventory does decrease during the off season, you can still expect to encounter a great selection of homes for sale in your area. Boston condo selling tends to correspond less with the weather or the time of year and more with an individual seller’s situation.
After all, sellers usually have unique reasons (like relocating for work or searching for a bigger home) for selling their home that aren’t related to the weather or the season.
So no matter the time of year, there will always be homes for sale.
You’ve Got More Room for Negotiation
As the buyer, you have the upper hand during the off season. Fewer buyers often mean more desperate or eager sellers. And many times, sellers whose homes didn’t sell during the busier seasons will drop their price to appeal to more buyers.
This eagerness to sell gives your more power in your negotiations. By working with your Realtor, you may be able to get the seller to agree to a lower price, or possibly even some upgrades or repairs.
Your Realtor Won’t Be as Busy
Not that your Realtor shouldn’t always make time for you, but during the hectic busy season, it can be tough! During the off season, real estate agents usually have fewer clients — meaning they have more time to dedicate to you and your needs.
However, when you choose to partner with us, you can expect a superior level of customer service—any time of year. Give us a call today to get started on buying your Beacon Hill dream home.
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Contact me to find out more about this property or to set up an appointment to see it.
John Ford, Broker
realtyford@yahoo.com
Janet Lamb, Vice President
lamb.janet@yahoo.com
Ford Realty
137 Charles Street
Boston, MA 02114
(617) 720-5454 (9:00 – 5:00 EST)
(617) 595-3712 (On Call Broker After Hours)
Beacon Hill Population Demographics
Total Population | 5,075 |
Male Population | 2,465 |
Female Population | 2,611 |
Median Age | 33 |
Citizen US Born | 4,022 |
Citizen not US Born | 594 |
Not Citizen | 460 |
Moved from Abroad | 154 |
Moved from Same Country | 626 |
Moved from Same State | 407 |
Moved from Different State | 392 |
Same House as Last Year | 3,472 |
Occupational Employment in Beacon Hill
White Collar | 3,022 |
Blue Collar | 69 |
Self Employees | 166 |
Private Companies | 2,137 |
Governmental Workers | 144 |
Not for Profit Companies | 643 |
Number of Households in Beacon Hill
Total Households | 2,532 |
Average People Per Household | 2 |
Family Households | 831 |
Non-family Households | 1,701 |
Households with Children | 304 |
Households without Children | 2,228 |
Median and Average Income in Beacon Hill
Average Household Income | $159,432.38 |
Median Household Income | $107,838.00 |
People below Poverty Level | 581 |
People above Poverty Level | 4,107 |
Housing in Beacon Hill
Occupied Housing Units | 2,532 |
Owner Occupied | 859 |
Renter Occupied | 1,673 |
With Mortgage | 479 |
Without Mortgage | 380 |
Median Value with Mortgage | $698,850.00 |
Median Value without Mortgage | $916,950.00 |
Median Housing Costs per Month | $2,286.00 |
Beacon Hill Education Statistics
No High School | 37 |
Some High School | 448 |
Some College | 339 |
Associate Degree | 94 |
Bachelor’s Degree | 1,733 |
Graduate Degree | 1,764 |
Never Married | 2,381 |
Married | 1,759 |
Separated | 34 |
Widowed | 101 |
Divorced | 346 |
Means of Transport to Work in Beacon Hill
Car | 566 |
Bus or TrolleyBus | 148 |
Railroad | 88 |
Bicycle | 73 |
TaxiCab | 22 |
Walk | 1,484 |
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