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Downtown condo prices now averaging near $1 million each

The first two sentences say it all:

The price of living in the heart of Boston is fast approaching an average of $1 million, as condominium sales sizzle and values surge.

Condominium sales in downtown Boston and surrounding sections — including Beacon Hill, the Back Bay, and the South End — jumped more than 17 percent in the first three months of the year, compared with the same time last year, according to LINK, a company that tracks sales in a dozen central city neighborhoods.

One Response to Downtown condo prices now averaging near $1 million each

  • great article but prices for standalone homes soared by a stunning 19.2 per cent in the past year. By comparison, condo prices were flat, up 0.2 per cent, to an average of $386,874. These two markets appear to be diverging completely, with warnings of overbuilding in the condo market and warnings of a shortage of standalone homes