BOSTON CONDO MARKET IN PROPERTY CRAZE

The Boston Condo Market has gotten on a huge rebound over the previous couple of weeks. Downtown singapore new launch preview supply prices have actually dropped dramatically as well as rates are still climbing up. Many Boston condos that we have been tracking over the past few weeks have went under contract at full or over asking price showing the stability & possible frenzy in the 2007 Boston realty market.



Last week most of us check out the realty frenzy taking place in Manhattan right now. Is it the purchasers that have been waiting for the bubble to burst over the past 18 months and now are encountered to purchase currently or rent for another year? Is it the reduced rate of interest that are still energetic in our market? Exactly what is creating this new revival of the Boston real estate market?

New condominium developments in Boston are additionally on the hot seat. With even more jobs showing up this reveals the lack of high-end condo residential properties or full service apartments. We rejoice to see even more of this sort of apartment building being built as it is the wave of the future. The Back Bay, Sign Hill, Brighton Allston, Charlestown, Chinatown, Fenway, Leather Area, Midtown, North End, Port, South Boston, South End, Waterside as well as the West End in Boston are all hot and also downtown Boston will certainly continuously expand.

Not surprising, some immediate residential areas like Brookline, Newton, Medford & Quincy are likewise noticing this fad. Traditionally these markets don’t cater to the complete young expert, nevertheless, we are seeing all new types of deluxe condo properties popping up around the skirts of Boston additionally.