Downtown Boston Estate Market, Then and Now
For the greater downtown Boston real estate metro area Boston condos for sale prices have been increasing across the board. Some Boston North End condos for sale and Boston Midtown luxury properties started to remain on the market for longer periods of time, but most of the residential housing market still increased in value. In 2019, high-end and middle value condos showed a major increase on days-on-market.
What to do if your Boston North End condo is projected to stay on the market longer
First of all, it is important to “read the tea leaves” and recognize the trend in the first paragraph above. The downtown Boston real estate market is not done cooling off. Right now the higher your home price is the more you will see days-on-market increase before the housing market here heats up again. Honestly, the downtown Boston real estate market especially for North End condos could cool off enough in the next few years that even low priced Boston North End condos will see lowering appreciating levels and may even depreciate for a short spell.
So you need to sell. Here’s the plan.
- Are you trying to sell with the right broker? There are more ways to try to sell a Boston North End condo for sale than ever before. Does your home selling partner have the best marketing plan available to reach downtown Boston real estate home buyers, and home buyers from out of state? Does your home selling broker have a wealth of experience? Do they have Google positive reviews?
- You need to play the seasons. There is a good time to sell and a terrible time to sell in Boston. The best time to sell a Boston condos for sale about every year in the downtown Boston is March through May. It is not June, July, or August. I promise you. The second best time to sell a home in our metro area is mid-Sept. through the end of November. The worst time to sell a home is around Christmas. The second worst time to sell a home is in late August. I can give you 10 reasons why from 16 licensed years of selling condos for sale in Beacon Hill, but you’d have to reach out for that full explanation. A lot of our clients will have a plan A and plan B to sell before prices drop even farther. We will try to sell in the prosperous fall season, take it off over Christmas, and hit it again in the spring, the best season to sell a Boston North End condo for sale – with a plan to ensure we are sold before May of 2020. Now that is a long term plan A and plan B and some homes will need a plan like that, while other homes we can sell right away. No problem.
- There are a hundred little things a downtown Boston real estate agent can do to help or hurt your chances to sell. In the worst seasons and in the worst market segments, there may be nothing selling. (Truth is, some small cooled off areas haven’t seen a single sale this year, so give your real estate agent a break!) In hot segments and locations, everything still sells. But in-between those two extremes, what your real estate agent can do for you, will make all the difference.Compared to other parts of downtown Boston, one can still find Boston North End condos for sale for under $1,000 per square ft.Click Here: Boston North End condo sales data
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