Of the 11 condominium units listed in MLS at or above $10 million, many are seeking record high prices. We don’t see them as record nice properties. More importantly, we see meaningfully more attractive properties at substantially lower prices. …
Category: Seaport
In our mid-year review (see here), we highlighted three high-profile new developments that will be ready for delivery in late this year and early 2023. The St. Regis (Seaport – 114 units), Winthrop Center (Downtown – 314 units), and Raffles (Back Bay – 146 units). Collectively, there are about 574 brand spanking new units hitting the market all at once – or what we refer to as “The 600” (yes, we’re rounding up). …
As we close out the first half of 2022, the Batterymarch Back Bay Index© (BBBI) registered a year-to-date price gain of 8.9% on a 31% decline in transaction volume. This compares to a modest 2.6% price gain on a 24% increase in transaction volume for calendar year 2021. For more on the BBBI and our methodology see here. …
Good views are universally at the top of most buyers’ wish lists. Views are especially important with high-end urban property. Everyone wants to look out over something pleasant - water, distant skyline, or green space. If you’ve got good views, chances are pretty good that you’ll also get good natural “light and air,” critical components of luxury property. Views shouldn’t be taken for granted, and with all of the construction projects in the City, many people are learning this lesson …
