Luxury condos in Boston sell in average of 20 days compared with 167 last year

As a timely response to my post last week  Is the housing recovery really slowing down? the Boston Globe has published an article Boston luxury condo prices soar.

Luxury condos are “flying off the market” according to the Globe article. It cites Millennium Place, which opened last fall, with 256 condos priced from $550,000 to $3.5 million. The last condo sold two weeks ago. Next up, Millennium Tower, which opened its sales registration portal this week.

We are already starting to feel the ripple effect on the North Shore. I had originally thought that it might take until 2o15 for the top end here to see action, but it is starting to happen now, giving rise to the increasing expectation that 2013/14 will see the best bargains at the top end on the North Shore. Buy now!

If you  – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or [email protected].

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty

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