The following is from the Boston Business Journal:

Developers who banked on wealthy buyers’ penchant for stainless-steel appliances, granite countertops, club rooms and in-house spa treatments continue to wait out an unfavorable market.

The luxury condo craze is over, at least for the time being, according to real estate experts who said the units are selling slowly, if at all.

According to the Listing Information Network, from January to the end of May, sales of condos in Boston priced over $1 million decreased 58 percent compared with the same period last year. So far this year 97 condos have sold for a median price of $1.5 million compared with 229 condo sales with a median price of $1.6 million last year.

The newest luxury condo building to open in Boston, called 45 Province, has sold 13 of 138 units. The property, which opened earlier this month, features an Exhale spa and gym, a community parlor where residents enjoy complimentary coffee and tea and a screening room for private functions.

My thoughts: For those that may not have seen Condobuyers earlier comments, I thought he/she made an interesting point regarding 45 Province St. In the above article it states that “The newest luxury condo building to open in Boston, called 45 Province has sold 13 out of 138 units.” What’s going on here, the Boston Herald had it at 20% sold.

As condobuyer stated:
In the “July 3rd article in the Herald. Didn’t the 45 Province mgmt say they fudged the 30% figure but in reality they sold 20%. Well…13 of 138 is not even 10%!!!”…..”…did 45 province lie again?”

If anyone knows what’s going on at 45 Province St. Please let us know.

File Under: My mom told me never to lie

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John Ford
John Ford

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.


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.


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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
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