CONTINUED HOT BOSTON CONDO MARKET

According to the Multiple Listing Service (MLS), Boston Condo sales continued at a record pace during the first half of the year, with several different neighborhoods taking the lead as sales prices increased. Brighton had the hottest sales in the $236K – $283K range with 44 sales, Jamaica Plain had 42 sales in the  $330K – $380K range, South Boston had 48 sales in the $493K – $580K range, and the South End had 69 sales in the  $740K – $1.125 range. Back Bay recorded 84 sales that exceeded $1.125M in price. fenway1

Many factors were considered however it appears that when buyers cannot find a home in a particular price range, it is not uncommon for the buyer to consider moving up and spending more, even if it’s in a different neighborhood.
Many Boston real estate professionals agree that most buyers will spend more if the buying opportunity is good, no matter what the neighborhood.

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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