It’s no secret that the Boston condo for sale market has plenty of inventory right now, especially in large buildings in downtown Boston like Midtown high rise condo buildings. But I’m still seeing some condominiums selling close for even above the list price.
Buyers continue to pay top dollar for remodeled properties with classic architectural styles, and which also include parking and in-unit laundry. Location is key, of course.
That being said, the overbid percentages are fairly low vs what it use to be. The exception are single-family homes in the Boston suburbs where overbidding is still common.
However, it’s probably best to list your condo closer to value these days, especially if you’re in a high rise luxury condo building where there’s a lot of inventory right now. And buyers, when you’re looking for condo possibilities, consider locations outside of the aforementioned hot spots. That’s where you’ll get the best deal