Another great article from Scott Van Voorhis writing for the Banker & Tradesman.

Downtown condo market dead? Not so fast, says top broker Kevin Ahearn, the dean of the downtown condo market, offers an interesting counterpoint to my B&T column this week on the struggles of the downtown condo market.

In my column, I detail the findings of the PrimeTime Urban report, which looked at 13 new downtown luxury condo projects. Sales actually fell in the first half of 2009, to an anemic 1.03 sales per month for each project. Ahearn doesn’t quibble with the sales slowdown, though he notes activity is picking up again. (The study only goes through the first half of the year.)

But he rolls out a barrage of statistics pointing to continued price gains in the luxury market downtown. In particular, Ahearn took a look at four years worth of condo resales at several major downtown projects, including the Ritz Carlton towers, One Charles and the new InterContinental. He came up with 134 resales from 2004 through Wednesday, Sept. 9 Of these, 84.3 percent saw their owners walk away with a gain, 3.7 percent sold for the same price, while just under 12 percent lost money. Of these, just five owners lost 10 percent or more on their resale.

Your thoughts on Scott’s article?

File Under: Hmm….I have to be careful here. How about:
Top dog barks back

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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