Plenty of inventory for Boston luxury condos
Boston has plenty of inventory for the luxury condo market, especially condominiums priced $2,000,000 and above.
Here are some interesting stats for luxury condos in this market: Average living space is 2,387 square feet, average asking price per square foot is $1,518.00 and average days on the market are 99.48.
My prediction with such a small pool of buyers in this market and a large chunk of inventory prices per square foot will be coming down in the near future.
This is a contrast to the lower end market where there is a large pool of buyers but limited inventory and where bidding wars are now common place.
If you’re in the market to buy or sell a Boston condos please feel free to call us at 617-720-5454