Oct
10

Boston Condo Prices Rise Even Higher

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3 Commonwealth Ave the highest price/sqft sale so far in 2013

It’s no secret that the Boston condo market has been on fire this year. Everywhere you look we’re seeing prices increase with each passing sale and multiple offers on any home that’s priced well. While many people aren’t surprised that this is the case in the under $2 million range, they might be surprised to see how well the top end of the real estate spectrum has done in Boston this year.

In 2012 there were 8 condos that sold for more than $5 million and 25% of them were cash deals. In 2013 so far there have been 14 sales and 28% of them have been cash deals. Additionally, there are still another 13 condos in this price point on the market. Those who were sitting on the sidelines during the crisis seem to be back in action as we haven’t seen this level of sales volume in this high a price point in over 10 years.

To view the list condos currently on the market in this price point please click here.

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