Boston condos for sale: How low inventory impacts Boston condo prices

As we enter into the summer months, one thing remains the same from the spring market and that is low Boston condo inventory. As new listings come on the market, and they will, those searching for a new Boston condo to buy will want to react fairly quickly as there are more buyers than there are condos for sale, especially under %500,000. If you are looking to sell, not a bad time to push price a little, not much, but can’t hurt to push it a bit. Last Sunday I went to an open house the listing was a beautiful upper floor unit with sweeping views of the Boston skyline Stand at the windows in your living room and you feel like you are on top of the Boston skyline As I viewed the condo, my first thought was that I wish I had a client with me as I felt it might be under priced. I’m sure by the time you read this Boston Real Estate Blog post the unit has several strong offers.

If you are looking to sell your Boston condominium in the near future, be aware of current inventory levels this is so important. While comps will give you a good starting point, placing your Boston condo in a side by side comparison with every condo in the price range is more important. Right now, for example, there are only 17 Boston condos in downtown  priced in the $500,000 and below range. Does this strategy of pushing the price work? You bet it does! You may have to also sell the appraiser on your pricing, but a good agent should be able to justify his pricing.

Conclusion:

Low Boston inventory has a big impact on Boston condo pricing, regardless of what the comps say.

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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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