BOSTON CONDOMINIUM MARKET IN PROPERTY CRAZE

The Boston Apartment Market has been on a mega rebound over the past couple of weeks. Midtown developer launch discount supply prices have actually gone down substantially and costs are still climbing. Many Boston condos that we have been tracking over the previous few weeks have went under contract at complete or over asking rate revealing the stability & feasible craze in the 2007 Boston real estate market.



Last week we all read about the property frenzy taking place in Manhattan today. Is it the customers that have been waiting on the bubble to ruptured over the previous 18 months and also currently are dealt with to buy currently or lease for another year? Is it the reduced interest rates that are still active in our industry? Exactly what is causing this brand-new revival of the Boston property market?

New condominium developments in Boston are also on the hot seat. With even more projects turning up this reveals the lack of luxury apartment buildings or complete apartments. We rejoice to see more of this type of condominium residential or commercial property being constructed as it is the wave of the future. The Back Bay, Sign Hillside, Brighton Allston, Charlestown, Chinatown, Fenway, Natural Leather Area, Midtown, North End, Port, South Boston, South End, Waterside and the West End in Boston are all warm and downtown Boston will certainly remain to flourish.

Not unusual, some immediate residential areas like Brookline, Newton, Medford & Quincy are likewise detecting this trend. Commonly these markets don’t deal with the complete young specialist, nonetheless, we are seeing all brand-new types of high-end condo buildings turning up around the skirts of Boston likewise.