From the Globe:
More evidence that the luxury condo market is holding its own amid a slump elsewhere in real estate: at the new 44 Prince St. development in the North End, Bruins coach Dave Lewis paid $950,000 for a condo with sweeping views of the city. (Lewis came on board with the Bruins over the summer as the team’s 27th coach following 20 years with the Detroit Red Wings.)
[W]hile developers are loathe to break the silence about who buys what in their buildings, Byron Gilchrist, 44 Prince’s developer, did say that of the 55 condos in the building only 11 remain unsold and that prices have been holding. “We haven’t reduced our prices,” said Gilchrist, “we’ve been selling at a rate of about one a month, which is what we expected.”
Yep, I can tell you, for sure. 44 Prince has not reduced their list prices at all. At all.
Wait, did they say list prices, or sales prices?
Hmmm. Whatever. It’s the same thing, right?
Source: Steady at the towers – By Carol Beggy, The Boston Globe