Boston Seaport District condo update 2019

Boston Seaport Condos continue to be in great demand. For high rise condo buildings that are newer, most all of them are hitting new all-time highs. Seaport condo buildings built prior to 2017 are hitting new highs,  Continued, historically low interest rates, an ongoing lack of new Boston condos for sale supply and an improving labor market that is finally surpassing an inflection point, coupled with continued, rapidly advancing downtown Boston rental pricing has pushed more and more people to home ownership.  The field is so crowded now that most properties are going under contract at or above list price. Discounts to list price over 3% are increasingly rare and hard to find unless a property has been on the market more than 8 weeks.

Boston Seaport Growth

Boston continues to make the transition to a larger regional hub with the industry, fortune 500 companies, and educational institutions to support the growth. Unfortunately, transportation and mass-transit options continue to lack and lag, in the Seaport Condo area but future plans and referendums should help dispel these concerns.

Conclusion

As the year progresses, I will be watching the Boston Seaport condo market closely. That said, those who sit on the sidelines and continue to spend more more of their income on rent will wait for the next “crash” and may be severely disappointed. Mortgages today are backed by people with real verifiable income. The instruments are not the smoke and mirrors of 10 years ago. The market, population growth, job growth, Movie Industry growth, end slow-but-steady transit growth will likely lead to high prices moving forward. As always myself and my team are here to help those seeking the best options to capitalize on these catalysts.

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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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