Will $1,000 per sq. ft. be the new norm for Boston condos? In a recent article in Boston Magazine it stated that in 2013 only seven percent of Boston condos sold for $1,000 per square foot or higher in Boston hottest neighborhoods.
By 2014 the number of Boston condos that sold for $1,000 per square foot in Boston’s most desirable neighborhoods jumped up to 12%.
But if you think you can save money by moving out to the close neighborhoods outside of Boston, think again. For example the number of condominiums sales below $500,000 in Brookline, Cambridge, and Somerville. In 2013 there were 903 condos that sold for under $500,000, by 2014 that number dropped to 597.
If you’d like more information on the Boston condo market or the Boston suburbs please feel free to call our Beacon Hill real estate office at 617=720-5454 or 617-595-3712.
For more information on how to be a Boston condo owner please contact John Ford at 617-595-3712. You can also email at realtyford@yahoo.com
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For more information please contact one of our on-call agents at 617-595-3712.
Updated: January 2018
