Boston Condo Market is Going at ‘Full Throttle’

It seems that the Boston condo market is going at ‘full throttle’ again with buyers showing more confidence in the economy, continuing low interest rates and a very tight supply of condos to choose from. Prices and condo sales are no doubt on the upswing again. In August the median price for condos in the Boston area was $380,000, 3.5% higher than during the same month last year. Sales of condos surged 23.1% to 1190 units in August. The condo market is hot in Boston and appears to be getting hotter.

Jamaica Plain had the quickest turn around time and South Boston area sales are continuing to be hot. Most Boston real estate experts agree that the demand is robust because of the fact that money continues to be cheap.

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About Maxwell

MAXWELL@BOSTONLUXE.COM • CELL: (617) 543-7754 • OFFICE: (617) 267-4600 Maxwell Burke began his real estate career nearly 20 years ago doing appraisals with his father in Southern California and Northern Texas. He grew up in a family environment so oriented towards investment and real estate that to call his upbringing entrepreneurial would be a disservice. From his grandfather's multiple developments ranging from British Columbia down into Southern Mexico to his uncle's holdings in Portland, Oregon, Maxwell has been given a view not just of Boston real estate, but of American real estate. Maxwell and Drew Abysalh met in 2009 and increasingly consolidated their business models together culminating in their partnership in 2011. With over 300 real estate deals under his belt ranging from a standard rental to a $1.5 million condo conversion, Maxwell is a tremendous resource to help you realize your real estate dreams. Welcome to Boston Luxe - it's a pleasure to meet you. Google

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