Boston Condos for Sale and Apartments for Rent
A conversation about Beacon Hill condos
Many Boston Beacon Hill condo buyers and Beacon apartment renters are wondering what 2022 will bring, and I have a few ideas. I’ve been selling Boston condos for sale and renting Boston Beacon Hill apartments since 2000, and have gotten pretty good at reading that crystal ball all Realtors have.
Boston Condos for Sale
If there’s one phrase that will likely apply to Boston condos for sale and Beacon Hill apartment renters in 2022, it’s this—more of the same.
Beacon Hill Real Estate Inventory
Boston condo for sale inventory will be tight, as always. Some Boston Beacon Hill condominium owners will sell their homes in a bid to cash out, relocate closer to family or for work. But there won’t be sufficient supply to meet all the demand. There will be at least another year of multiple-offer situations, buyers waiving contingencies and overbidding the list prices. And as always (well, it appears that way) Beacon Hill apartment rents will slightly rise after a minor dip in 2021.
Boston Condos for Sale and the Fed
There are rumors that the Fed will be raising interest rates. That might put downward pressure on Boston condo for sale prices if such a hike happens. But the whole supply and demand thing will still be a big factor as well.
I’m thinking that Boston Beacon Hill condo prices could rise in 2022, though not dramatically. The average price for a townhouse and for a condo was in the Q4 2022 , which are pretty high averages in comparison to the rest of the country. Yet I think we can expect values to rise—just not tremendously so.
Beacon Hill Condos and the Bottom Line
And finally, I’m predicting that the Boston suburbs home will continue to rise. I’ve had multiple clients ask me for referrals for agents in Arlington, Lexington, Weston, and Canton over the past week. Most are planning to be work from home indefinitely and are seeking a change in scenery.
Updated: Boston Real Estate Blog 2022
Boston Condos for Sale and Apartments for Rent
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A conversation about Beacon Hill condos:
Yesterday morning I was at a Beacon Hill coffee shop reviewing new Boston condo listings on may laptop. I noticed that the lady next to me was looking at my laptop watching what I was doing. After not too long, she asked me if I was a Beacon Hill real estate agent. I said that I was and then she unloaded with a recent experience she had in buying a condo. The woman, told me she had such a frustrating experience with the agent she had used. To make matters even worse, this agent also happened to be an agent that was referred to her by a friend of hers. As the conversation continued I found out how this agent was referred, it turns out the friend referred her because she was a very honest and polite person. Now I have been in this business for 20 years and the one thing I can say is there are believe it or not, honest and polite people in the Boston real estate business. But, I can also say that many of these polite and honest people are not real estate agents that I would hire. The woman, who will remain anonymous told me that it was very frustrating during the searching period because this agent knew very little about the Boston condo market. She said she spent so much time walking around at on Sundays going to open houses that didn’t meet her needs or wants, this was her first clue that she did not deal with Boston condominiums very often. The second thing that she said was frustrating was that whenever she asked her about the pricing of a condo they looked at, the standard answer was I think its a fair price
PRICING
This is a very typical situation that I see all of the time in the Beacon Hill area. Many buyers may get referred to an agent that a friend suggests maybe an agent they had used or heard about out in the suburbs searching for single-family homes. The Boston Beacon Hill condo market is very different than dealing with homes out in Lexington, MA. I have often written on the importance of working with a specialist in the area you want to buy in. If I were selling a home in Winchester, you can bet that I would want to use an agent that sells there often and knows the pricing and other aspects of selling in that area or at the very least, someone that is good with marketing. Likewise the same applies with Beacon Hill condos and townhomes. I have often said to sellers that a typical agent cannot just flip on a switch and be great at marketing to condo buyers when 99.5% of their time they are marketing to buyers of suburban homes.
KNOWLEDGE
One of the reasons you hire a Beacon Hill real estate broker is for their expertise and knowledge, an agent can be nice, but they also need to have knowledge in the area of where you want to buy a Boston condo. Being nice is fine but when it comes to negotiating, that agent needs to be tough and always put their client’s best interest first. When the time comes for a person to sell their condo, a condo specialist is even more important. Having an agent that is constantly marketing to condo buyers is important. Hiring an agent that spends most of their time marketing to buyers looking in Winchester or Lexington, may not be the best way to go even if that agent is a very nice person.
Question & Answers Regarding Beacon Hill Condo For Sale
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- Beacon Hill condos for sale what is negotiable
- Beacon Hill condos for sale: What it take to get a mortgage.
- Boston Beacon Hill condos for sale. Understand the condo association
- How much do Boston Beacon Hill condos cost?
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Get new listing alerts delivered to your inbox. 53 Results 1
Beds 1 | 1
Baths 954
SqFt #72939811 | Condo 2
Beds 2
Baths 1,706
SqFt Open House: May 22, 2022 2:00 PM - 3:30 PM #72984902 | Condo 2
Beds 2 | 1
Baths 2,856
SqFt #72976178 | Condo © 2022 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, noncommercial use of consumers having a good faith interest in purchasing, leasing, or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. MLS PIN data last updated at May 22, 2022 2:31 PM ET
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, noncommercial use of consumers having a good faith interest in purchasing, leasing, or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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Select us to represent you either as a buyer or seller’s agent and we’ll give back a portion of the sales commission to find a cure for this awful disease.
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Buying a Beacon Hill condo for sale
- Tips on buying a Beacon Hill condo
- Boston Beacon Hill condo buyers how to beat all cash offers
- 5 tips on buying a Beacon Hill condo for sale
- Benefits of buying a Beacon Hill condo
- Design tips for Beacon Hill condo buyers
- Boston Beacon Hill condos for sale 5 must know terms
- The difference between a Beacon Hill condos and a Beacon Hill loft
- Common mistakes when buying a Beacon Hill condo
- Buying a Beacon Hill condo with kids
- Is it time to ditch my Beacon Hill condo agent?
- Beacon Hill condos for sale: Do I need 20% down?
- 3 signs you’re going to buy a Boston Beacon Hill condo
- 6 principles to know when buying a Beacon Hill condo
- How to select a Boston Beacon Hill condo agent
- Boston Beacon Hill condos for sale downpayment
- Boston Beacon Hill condos finance
- Beacon Hill condos for sale what is negotiable
- Beacon Hill condos for sale: What it take to get a mortgage.
- Boston Beacon Hill condos for sale. Understand the condo association
- How much do Boston Beacon Hill condos cost?
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