Here are 5 benefits of buying downtown Boston real estate. Before I jump into them here is some good news for Midtown condo buyers, median prices have stabilized after years of steady increases, and lower interest rates are making things easier and more affordable for mortgage applicants. While these two factors are certainly encouraging for Midtown condo hunters looking for deals in downtown Boston, the downtown Boston real estate staff at Ford Realty offer even more reasons to sign a purchase contract now.

1. High Rental Prices

If you’re familiar with the “renting versus buying” debate, you probably know there will never be a definitive resolution. The Boston real estate economy is too complex and dynamic for a simple answer. Certain factors must be taken into consideration, particularly with regard to rental demand. In recent years, downtown Boston has ranked as one of the most expensive housing markets for renters, thus making it more attractive for buyers. Combining this factor with lower mortgage interest rates makes it easy to determine that for many people, purchasing a Boston midtown condo is a better financial option than renting.

2. More Amenities

In an effort to attract Boston condo buyers in a highly competitive market, Midtown condo developers have been focusing on providing top-notch amenities. For example, many Boston high rise condo residents have access to a 24-hour fitness center that competes with upscale membership gyms in downtown Boston, and this amenity is augmented by underground parking, an upscale clubhouse with a kitchen, swimming pool, spa, and even a private decks

3. Robust Job Market

According to the United States Bureau of Labor Statistics, the July 2019 unemployment rate in Boston was just 3 percent, lower than both the state and national averages.

4. High Quality of Life

For homebuyers who plan on settling in downtown Boston, quality of life should be the most important reason. According to U.S. News and World Report, Boston is one of the top 40 best places to live for American families. When compared to other large metropolitan areas, Boston ranks near the top in terms of quality of life.

5. Better Market for Investors

All property owners are real estate investors at heart. When you purchase a Boston midtown condo, you’ll benefit from the dynamics of the current housing market, which include high demand and greater property value appreciation. Keep in mind downtown Boston attracts retirees, families, single professionals, and seasonal residents alike. They all like the high quality of life plus the convenience of living in a city blessed with great weather and a strong economy. These factors will be in your favor when you decide to list or rent your condo in the future.

Boston real estate buyers have a wealth of fantastic options when it comes to finding the ideal condo in the downtown area of America’s Finest City. If you need help choosing among the wide variety of amazing downtown Boston condos for sale, call Ford Realty at 617-595-3712. We’ll help you find the home that’s just right for you and your family. Give us a call today.

Boston Midtown condos for sale


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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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