This is the story of the 2013 Boston real estate market. 2013 was a frustrating year for many people looking to purchase real estate in the down town Boston marketplace. The market was flooded with buyers which pushed prices up well over asking.
5. Google Trends searches show which
neighborhoods were the most attractive
South Boston Condos
Charlestown Condos
South End Condos
Back Bay Condos
Beacon Hill Condos
6. With so many bids it’s no surprise that many
homes sold over asking, but the question is just
how many did?
7. Back Bay
41% of condos sold for Asking Price or
above
20% over asking was the maximum
8. Beacon Hill
44% of condos sold for Asking Price or
above
13% over asking was the maximum
9. South End
61% of condos sold for Asking Price or
above
16% over asking was the maximum
13. In 2014 we expect to see the trend continue
through at least the first half of the year.The lack
of major new condo developments in the
downtown area combined with the lack of general
inventory will keep the market extremely
competitive for most of the year.
14. To find out how to beat out the competition in the
Boston real estate market contact us:
Call: 617-449-3642
or
Visit: http://www.backbayrealtygroup.com