Boston Real Estate

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Boston condos for sale: Attention sellers appreciation is strong

At the beginning of the year, Boston real estate economists called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that  Boston condo inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

Boston real estate

Boston real estate

This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers AssociationFannie MaeFreddie Mac, the National Association of Realtors, and Zelman & Associates have all adjusted their numbers upward after reviewing first quarter housing data. Here are their original forecasts and their newly updated projections: Even with the increases, the updated projections still don’t reach the above 10% appreciation levels of 2020. However, a jump in the average projection from 5.3% to 7.7% after just one quarter is substantial. Demand will remain strong, so future appreciation will be determined by how quickly listing inventory makes its way to the market.

Boston Real Estate and the Bottom Line

Entering the spring market of 2021, there was some speculation that we might see price appreciation slow dramatically this year. Today, experts believe that won’t be the case. Boston’s downtown real estate values will remain strong throughout the year.

Boston Real Estate

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Beacon Hill Condos for Sale

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There’s no doubt that today’s Boston North End condo market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why selling now is likely to drive the greatest return on your largest investment.

Beacon Hill condos values have been appreciating for several years now, growing at a strong, steady, and impressive pace. In fact, the average annual appreciation rate since 2012 has nearly doubled the average rate from the more normal market of the 1990s (think: pre-bubble).Appreciation, however, is projected to shift back toward normal, meaning home prices will likely keep climbing over the next few years, but they are not projected to continue to increase at such a high rate.

Here’s What That Means for Homeowners:

As noted in the latest Home Price Expectation Survey (HPES) powered by Pulsenomics, experts forecast an average annual appreciation rate closer to 3.2% over the next five years, which is more in line with a historically normal market (3.6%). The good news is, there’s still time to take advantage of the current strength of home prices by selling your Beacon Hill condo now.Looking at the projections as they stand today, 2019 is slated to drive the strongest appreciation as compared to the upcoming few years. With average home prices still on the rise, the pace at which they are predicted to continue increasing will likely soften by 2020.

Bottom Line

If you’re thinking about selling your house, now is a great time to make your move. Don’t get stuck waiting until projected home price appreciation rates potentially re-accelerate again in 2023. You’ll likely earn the greatest return on your investment by selling now before the prices start to normalize next year.

Boston Beacon Hill Condos for Sale

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54 Results
0
Beds
1
Baths
374
SqFt
(8)
 
 
#72887858 | Condo
 
0
Beds
1
Baths
300
SqFt
 
 
#72899373 | Condo
 
1
Beds
1
Baths
402
SqFt
 
 
#72834423 | Condo
 
0
Beds
1
Baths
431
SqFt
 
 
#72829103 | Condo
 
1
Beds
1
Baths
542
SqFt
 
 
#72897043 | Condo
 
1
Beds
1
Baths
470
SqFt
 
 
#72908615 | Condo
 
1
Beds
1
Baths
495
SqFt
 
 
#72908918 | Condo
 
1
Beds
1
Baths
710
SqFt
(20)
 
 
#72870597 | Condo
 
0
Beds
1
Baths
508
SqFt
(13)
 
 
#72901741 | Condo
 
1
Beds
1
Baths
619
SqFt
(11)
 
 
#72818309 | Condo
 
1
Beds
1
Baths
694
SqFt
 
 
#72907632 | Condo
 
1
Beds
1
Baths
590
SqFt
(22)
 
 
#72844619 | Condo
 
1
Beds
1
Baths
519
SqFt
(10)
 
 
#72895300 | Condo
 
2
Beds
1
Baths
657
SqFt
 
 
#72890642 | Condo
 
1
Beds
1
Baths
610
SqFt
 
 
#72851937 | Condo
 
2
Beds
1
Baths
610
SqFt
 
 
#72908921 | Condo
 
1
Beds
1
Baths
600
SqFt
 
 
#72636330 | Condo
 
1
Beds
1
Baths
703
SqFt
 
 
#72895096 | Condo
 
1
Beds
1
Baths
693
SqFt
 
 
#72890282 | Condo
 
2
Beds
1 | 1
Baths
1,100
SqFt
 
 
#72847860 | Condo
 
2
Beds
1
Baths
969
SqFt
(26)
 
 
#72898056 | Condo
 
2
Beds
1
Baths
748
SqFt
 
 
#72908502 | Condo
 
2
Beds
1
Baths
894
SqFt
(20)
 
 
#72890460 | Condo
 
2
Beds
1
Baths
752
SqFt
 
 
#72893507 | Condo
 
© 2021 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.
MLS PIN data last updated at October 18, 2021 11:29 AM ET

Boston North End Condos for Sale

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Boston conods for sale North End
15 Results
1
Beds
1
Baths
438
SqFt
 
 
#72904745 | Condo
 
1
Beds
1
Baths
497
SqFt
(14)
 
 
#72815936 | Condo
 
1
Beds
1
Baths
498
SqFt
 
 
#72904746 | Condo
 
1
Beds
1
Baths
573
SqFt
 
 
#72876843 | Condo
 
1
Beds
1
Baths
683
SqFt
 
 
#72908595 | Condo
 
1
Beds
1
Baths
632
SqFt
Open House: Oct 23, 2021 11:00 AM - 1:00 PM
 
#72905048 | Condo
 
2
Beds
1
Baths
795
SqFt
 
 
#72893122 | Condo
 
2
Beds
1
Baths
690
SqFt
(11)
 
 
#72882662 | Condo
 
2
Beds
1
Baths
728
SqFt
 
 
#72908474 | Condo
 
2
Beds
1
Baths
617
SqFt
 
 
#72892224 | Condo
 
1
Beds
1
Baths
740
SqFt
 
 
#72892447 | Condo
 
2
Beds
1
Baths
746
SqFt
 
 
#72902786 | Condo
 
2
Beds
1
Baths
827
SqFt
 
 
#72904271 | Condo
 
2
Beds
2
Baths
1,038
SqFt
(14)
 
 
#72786580 | Condo
 
3
Beds
2
Baths
1,645
SqFt
(28)
 
 
#72894731 | Condo
 
© 2021 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.
MLS PIN data last updated at October 18, 2021 11:29 AM ET

Beacon Hill apartments for rent just listed

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1 Results
3
Beds
1 | 1
Baths
900
SqFt
 
 
#72904803 | Rental
 
© 2021 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.
MLS PIN data last updated at October 18, 2021 11:29 AM ET