Boston Seaport condo market is healthy, little risk of bubble

Are we in a Boston condo for sale housing bubble? It’s a question I’m often asked with Boston downtown condo prices rising and a brisk housing market continuing here in Bosotn. And more importantly, if we are in a bubble, when is it going to pop? The short answer is ‘no,’ we’re not in a bubble. A while ago, I ran across a very interesting report regarding the housing market published by CoreLogic. The article discusses exactly how ‘risk’ of a bubble is measured in the housing market and using their risk factors, I can again say that ‘no’ we are not likely in a Boston condo bubble here in the Boston condo market. And in fact, the article says that the majority of markets in the U.S. are healthy and have relatively low risk. But how do they know?

First – The Boston economy

The analysts look at home prices (such as Boston Seaport District) and whether the trend of prices is long-term sustainable by the local economy, specifically household incomes. The vast majority of citizens budget a big chunk of their monthly income for housing costs – whether they’re renting or own – so as incomes go up, there’s room for housing appreciation as well. However, risk can increase if this balance between incomes and housing costs gets way out of whack. Fortunately in Boston our incomes and job growth are steadily increasing. This is good news for those thinking of buying in the new Boston Seaport District.

Second – Rent vs Owning a Boston condo

Risk is determined by the relationship between the appreciation of home prices and costs to rent. If home prices and rents vary too widely, then you’ll know a correction is on the horizon, because a large difference between the two is not sustainable for the long term. Think of it this way, if home prices increase so greatly that more people would prefer to rent then eventually home prices will have to come down to satisfy what the market demands – more affordable homes.

Third – Boston condo flipping

The CoreLogic analysts look at the number of homes being flipped. If there’s a higher than normal rate of flipping and speculative investment it can falsely inflate housing prices and increase the risk of a bubble.

Fourth, Boston condo mortgage fraud

They also look at mortgage fraud numbers and an unusually high number of mortgage fraud can also signal higher risk for a bubble.

Conclusion

So, as far as the Boston Seaport condo market goes, our risk is low now by all of these measures. In fact, I’m seeing our market tapering off from the frenzied buying season of the past and as I talk to investors they tell me our economy is in good shape with incomes rising and job growth continuing.

If you have been considering selling your Boston Seaport condo, keep in mind that Spring is a great time to list. Please contact me today to find out what your Boston downtown condo is worth and we can talk strategy. I’d love to help you sell your current Boston Seaport condo and find a new one, right here in Boston

Boston Seaport condos for sale

Get new listing alerts delivered to your inbox.
46 Results
3
Beds
3 | 1
Baths
2,553
SqFt
(10)
 
 
#72499357 | Condo
 
3
Beds
5
Baths
4,211
SqFt
(41)
 
 
#72571256 | Condo
 
3
Beds
3 | 1
Baths
2,462
SqFt
(14)
 
 
#72598632 | Condo
 
3
Beds
3 | 1
Baths
2,592
SqFt
(19)
 
 
#72573800 | Condo
 
2
Beds
2 | 1
Baths
1,807
SqFt
(10)
 
 
#72597625 | Condo
 
3
Beds
3 | 1
Baths
2,378
SqFt
(10)
 
 
#72569627 | Condo
 
3
Beds
2 | 1
Baths
1,959
SqFt
(14)
 
 
#72597622 | Condo
 
3
Beds
3 | 1
Baths
1,878
SqFt
(14)
 
 
#72589709 | Condo
 
2
Beds
2 | 1
Baths
1,961
SqFt
(8)
 
 
#72597801 | Condo
 
3
Beds
3 | 1
Baths
1,899
SqFt
(20)
 
 
#72613194 | Condo
 
3
Beds
2 | 1
Baths
1,539
SqFt
(22)
 
 
#72565423 | Condo
 
2
Beds
2 | 1
Baths
1,571
SqFt
(24)
 
 
#72597226 | Condo
 
2
Beds
2 | 1
Baths
1,348
SqFt
(10)
 
 
#72594836 | Condo
 
3
Beds
2 | 1
Baths
2,025
SqFt
(42)
 
 
#72571205 | Condo
 
3
Beds
3
Baths
2,131
SqFt
(12)
 
 
#72612538 | Condo
 
2
Beds
2 | 1
Baths
1,478
SqFt
(11)
 
 
#72550986 | Condo
 
2
Beds
2 | 1
Baths
1,298
SqFt
(17)
 
 
#72562057 | Condo
 
2
Beds
2 | 1
Baths
1,298
SqFt
(17)
 
 
#72613198 | Condo
 
2
Beds
2 | 1
Baths
1,255
SqFt
(20)
 
 
#72617765 | Condo
 
2
Beds
2
Baths
1,064
SqFt
(24)
 
 
#72619115 | Condo
 
2
Beds
2 | 1
Baths
1,483
SqFt
(10)
 
 
#72597283 | Condo
 
2
Beds
2
Baths
1,064
SqFt
(20)
 
 
#72613262 | Condo
 
2
Beds
2
Baths
1,030
SqFt
(19)
 
 
#72613559 | Condo
 
2
Beds
2
Baths
1,200
SqFt
(20)
 
 
#72533992 | Condo
 
© 2020 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
MLS PIN data last updated at February 19, 2020 5:40 PM ET

Boston Seaport Condos for Sale under $1M

View Boston Seaport District condos for sale under $1M

Unlike other Boston condo brokers we give back 50% of our portion of the commission to YOU the buyer.

Get new listing alerts delivered to your inbox.
9 Results
1
Beds
1
Baths
1,140
SqFt
(23)
 
 
#72598892 | Condo
 
0
Beds
1
Baths
611
SqFt
(17)
 
 
#72607742 | Condo
 
1
Beds
1
Baths
870
SqFt
(16)
Open House: Feb 22, 2020 1:00 PM - 2:00 PM
 
#72618234 | Condo
 
0
Beds
1
Baths
513
SqFt
(17)
 
 
#72612754 | Condo
 
1
Beds
1
Baths
1,026
SqFt
(12)
 
 
#72580028 | Condo
 
0
Beds
1
Baths
520
SqFt
(17)
 
 
#72617770 | Condo
 
1
Beds
1
Baths
783
SqFt
(23)
 
 
#72616238 | Condo
 
1
Beds
1
Baths
527
SqFt
(6)
 
 
#72616130 | Condo
 
0
Beds
1
Baths
537
SqFt
(10)
 
 
#72474423 | Condo
 
© 2020 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
MLS PIN data last updated at February 19, 2020 5:40 PM ET

Boston Seaport Condos for Sale under $2M

View Boston Seaport District condos for sale under $1M

Unlike other Boston condo brokers we give back 50% of our portion of the commission to YOU the buyer.

Get new listing alerts delivered to your inbox.
28 Results
2
Beds
2 | 1
Baths
1,255
SqFt
(20)
 
 
#72617765 | Condo
 
2
Beds
2
Baths
1,064
SqFt
(24)
 
 
#72619115 | Condo
 
2
Beds
2 | 1
Baths
1,483
SqFt
(10)
 
 
#72597283 | Condo
 
2
Beds
2
Baths
1,064
SqFt
(20)
 
 
#72613262 | Condo
 
2
Beds
2
Baths
1,030
SqFt
(19)
 
 
#72613559 | Condo
 
2
Beds
2
Baths
1,200
SqFt
(20)
 
 
#72533992 | Condo
 
2
Beds
2
Baths
1,024
SqFt
(17)
 
 
#72601272 | Condo
 
2
Beds
2
Baths
1,024
SqFt
(17)
 
 
#72604179 | Condo
 
2
Beds
2 | 1
Baths
2,351
SqFt
(27)
 
 
#72550002 | Condo
 
2
Beds
2
Baths
1,080
SqFt
(19)
 
 
#72576497 | Condo
 
2
Beds
2
Baths
1,156
SqFt
(14)
 
 
#72600285 | Condo
 
1
Beds
1 | 1
Baths
789
SqFt
(19)
 
 
#72601464 | Condo
 
1
Beds
1
Baths
845
SqFt
(17)
 
 
#72612735 | Condo
 
2
Beds
2
Baths
1,546
SqFt
(23)
 
 
#72591130 | Condo
 
1
Beds
1
Baths
800
SqFt
(22)
 
 
#72617764 | Condo
 
1
Beds
1
Baths
858
SqFt
(6)
 
 
#72586132 | Condo
 
1
Beds
1
Baths
691
SqFt
(18)
 
 
#72603819 | Condo
 
1
Beds
1
Baths
651
SqFt
(19)
 
 
#72589737 | Condo
 
1
Beds
1
Baths
670
SqFt
(17)
 
 
#72612734 | Condo
 
1
Beds
1
Baths
1,140
SqFt
(23)
 
 
#72598892 | Condo
 
0
Beds
1
Baths
611
SqFt
(17)
 
 
#72607742 | Condo
 
1
Beds
1
Baths
870
SqFt
(16)
Open House: Feb 22, 2020 1:00 PM - 2:00 PM
 
#72618234 | Condo
 
0
Beds
1
Baths
513
SqFt
(17)
 
 
#72612754 | Condo
 
1
Beds
1
Baths
1,026
SqFt
(12)
 
 
#72580028 | Condo
 
© 2020 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
MLS PIN data last updated at February 19, 2020 5:40 PM ET

Boston Seaport Condos for Sale

Get new listing alerts delivered to your inbox.
46 Results
3
Beds
3 | 1
Baths
2,553
SqFt
(10)
 
 
#72499357 | Condo
 
3
Beds
5
Baths
4,211
SqFt
(41)
 
 
#72571256 | Condo
 
3
Beds
3 | 1
Baths
2,462
SqFt
(14)
 
 
#72598632 | Condo
 
3
Beds
3 | 1
Baths
2,592
SqFt
(19)
 
 
#72573800 | Condo
 
2
Beds
2 | 1
Baths
1,807
SqFt
(10)
 
 
#72597625 | Condo
 
3
Beds
3 | 1
Baths
2,378
SqFt
(10)
 
 
#72569627 | Condo
 
3
Beds
2 | 1
Baths
1,959
SqFt
(14)
 
 
#72597622 | Condo
 
3
Beds
3 | 1
Baths
1,878
SqFt
(14)
 
 
#72589709 | Condo
 
2
Beds
2 | 1
Baths
1,961
SqFt
(8)
 
 
#72597801 | Condo
 
3
Beds
3 | 1
Baths
1,899
SqFt
(20)
 
 
#72613194 | Condo
 
3
Beds
2 | 1
Baths
1,539
SqFt
(22)
 
 
#72565423 | Condo
 
2
Beds
2 | 1
Baths
1,571
SqFt
(24)
 
 
#72597226 | Condo
 
2
Beds
2 | 1
Baths
1,348
SqFt
(10)
 
 
#72594836 | Condo
 
3
Beds
2 | 1
Baths
2,025
SqFt
(42)
 
 
#72571205 | Condo
 
3
Beds
3
Baths
2,131
SqFt
(12)
 
 
#72612538 | Condo
 
2
Beds
2 | 1
Baths
1,478
SqFt
(11)
 
 
#72550986 | Condo
 
2
Beds
2 | 1
Baths
1,298
SqFt
(17)
 
 
#72562057 | Condo
 
2
Beds
2 | 1
Baths
1,298
SqFt
(17)
 
 
#72613198 | Condo
 
2
Beds
2 | 1
Baths
1,255
SqFt
(20)
 
 
#72617765 | Condo
 
2
Beds
2
Baths
1,064
SqFt
(24)
 
 
#72619115 | Condo
 
2
Beds
2 | 1
Baths
1,483
SqFt
(10)
 
 
#72597283 | Condo
 
2
Beds
2
Baths
1,064
SqFt
(20)
 
 
#72613262 | Condo
 
2
Beds
2
Baths
1,030
SqFt
(19)
 
 
#72613559 | Condo
 
2
Beds
2
Baths
1,200
SqFt
(20)
 
 
#72533992 | Condo
 
© 2020 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
MLS PIN data last updated at February 19, 2020 5:40 PM ET

Boston Seaport Condos for Rent

Get new listing alerts delivered to your inbox.
20 Results
3
Beds
3 | 1
Baths
2,700
SqFt
(19)
 
 
#72546124 | Rental
 
3
Beds
2 | 1
Baths
1,909
SqFt
(28)
 
 
#72534644 | Rental
 
2
Beds
2 | 1
Baths
1,811
SqFt
(20)
 
 
#72551759 | Rental
 
3
Beds
2 | 1
Baths
2,025
SqFt
(25)
 
 
#72536391 | Rental
 
2
Beds
2
Baths
1,075
SqFt
(20)
 
 
#72615875 | Rental
 
2
Beds
2
Baths
1,068
SqFt
(20)
 
 
#72619345 | Rental
 
1
Beds
1
Baths
519
SqFt
(13)
 
 
#72613179 | Rental
 
2
Beds
2 | 1
Baths
1,359
SqFt
(15)
 
 
#72620534 | Rental
 
1
Beds
1
Baths
696
SqFt
(35)
 
 
#72601085 | Rental
 
1
Beds
1
Baths
651
SqFt
(19)
 
 
#72612057 | Rental
 
2
Beds
2
Baths
1,719
SqFt
(19)
 
 
#72620112 | Rental
 
1
Beds
1
Baths
651
SqFt
(19)
 
 
#72601643 | Rental
 
2
Beds
1
Baths
1,497
SqFt
(9)
 
 
#72576539 | Rental
 
2
Beds
2
Baths
1,019
SqFt
(8)
 
 
#72620036 | Rental
 
1
Beds
1
Baths
696
SqFt
(29)
 
 
#72620632 | Rental
 
1
Beds
1
Baths
1,008
SqFt
(12)
 
 
#72597575 | Rental
 
0
Beds
1
Baths
525
SqFt
(13)
 
 
#72616472 | Rental
 
0
Beds
1
Baths
446
SqFt
(16)
 
 
#72607762 | Rental
 
1
Beds
1
Baths
1,021
SqFt
(9)
 
 
#72615830 | Rental
 
0
Beds
1
Baths
660
SqFt
(8)
 
 
#72599489 | Rental
 
© 2020 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
MLS PIN data last updated at February 19, 2020 5:40 PM ET