The Boston luxury condo market was strong in the fourth quarter, but the single-famoly market showed signs of softening.

A look at sales data from the past quarter is a great indicator of how the 2018 Spring market will do. Here’s how 2018 is stacking up so far:

Boston condo: Buyers embrace overbidding
As stated in one of my earlier posts, 40%  offers submitted were over asking citywide and all indications it will continue into 2018.

This extreme overbidding happened most frequently on Boston condos under $500,000 and those listed  $1,000,000 and above, in neighborhoods like Back Bay, Beacon Hill and Downtown/Midtown.

Boston luxury condos listed for under $2,000,000 often saw extreme overbids in high rise buildings

Fixers were also magnets for overbidders.

Condos:  Longer days on market

Days on market—the period of time it takes for a property to go into contract from the date it’s listed—increased year-over-year from 30 days (4th Q 2016) to 56.75 days (4th Q 2017).

Contact me  to set up an appointment to start your Boston condo buying process.

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For more information please contact one of our on-call agents at 617-595-3712.

Updated: January 2018

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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