Boston condos for sale

Millennials are, without a doubt, the next big thing to happen to the 2019 Boston condo housing market. Though they make up only 14% of the U.S. population, millennials account forBoston, their impact is magnified.

National news sources and real estate organizations alike are calling downtown Boston one of the hottest real estate markets in the country for millennials. That’s good news for sellers, who’re happy to have additional buyers in the pool, and for developers – if they’d ever start building affordable Boston midtown condos for sale.

What, exactly, is a millennial home buyer in Boston looking for in what will likely be their first house?

Boston condos for sale

Ultra-Affordability

Obviously, millennial Boston condo buyers are coming to the table with less cash than their retired counterparts but today’s millennials have unfortunately saved less for a down payment than any other generation in history. That means they’ll be relying on unusual mortgage packages and properties eligible for FHA financing. For private sellers, enticing millennial buyers with options like seller-financing, rent-to-own, and paid closing costs is a worthwhile investment.

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Older Homes

Yes, millennials have a reputation for loving their USB charging outlets and cutting-edge quartz countertops but did you know that statistically, they’re more likely than any other generation to buy an older, previously lived-in home? The biggest factor is affordability. Millennials tend to be on one end of the spectrum or the other: they want lots of space and yard in their first home (they plan to live in it for decades) or they want something small and centrally-located. The ones looking at older homes don’t mind doing renovations but as time turns, millennial renters looking to buy out of Boston Midtown high-end condo style living may be less apt to make aesthetic compromises.

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Walkable Amenities

As we mentioned, millennials in nearly every market say walkability is a huge concern. In Boston, public transportation like the T and the city buses are helping connect far-flung neighborhoods, and public works like bike paths/lanes allow for painless commuting for the eco- and calorie-conscious. But millennials in Beacon Hill want to live, work, and play in an urban setting; they want to be able to walk to shopping, dining, and retail from their homes if possible. That’s why areas like Boston Midtown and downtown Boston are currently such hot rental markets. Sellers who previously may have had trouble unloading a too-close-to-the-road or awakened-by-nightlife property may be in luck with millennial buyers.

Of course, millennial home buyers in Boston want the same things any other cohort of millennials want, too. They love high-tech home features, responsive design, and open floorplans well-suited for entertaining. They like light, great design, and space that can be used to work from home, house a guest, or serve as a playroom.

Are you a millennial looking at houses for sale in Beacon Hill? A professional buyer’s agent with experience in the Boston market can help you make the most of your money. 


Call us today to find out why you should be working with a buyer’s agent…for free.

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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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