The Boston Beacon Hill condo market has slowed down, especially in the condos priced over $1m. Are there deals to be had moving forward? I thinks so.
Everyone always wants the best value when they are buying a Beacon Hill condo and in this market.
Can you find a good deal on a Beacon Hill condo?
When something is priced right, you will most likely not get a “deal” on that Beacon HIll condo as it will most likely sell in a reasonable timeframe. Where will you get a deal? You will find your best deals on BeaconHill condos that were originally overpriced. In the Beacon Hill condo market this usually happens for one of two reasons. First, there are some agents who “Buy” listings. In other words, they tell the seller a higher price than the true value in order to get a listing over a competing agent. You have heard me say it before and I will say it again, this is a bad way of doing business that certain agents use and in the end, it hurts sellers. After sitting on the market with no offers and no showings, the listing agent tells the seller they need to drop the price. ( Usually down to where it should have been priced!) Usually, and unfortunately, the seller will keep that agent even though he or she told them they would sell it at the higher price.
The second reason they are overpriced is the agent is not experienced in an area or type of sale. I see it often in the condo markets where an agent just does not understand condo pricing.
How to find a good deal on a Beacon Hill condo
Now, back to finding deals in the market. What happens often in this type of market is an overpriced home will sit on the market and go through several price reductions, often blowing right through the floor of where it should have been priced originally.
No matter what your price point is, remember, there are Beacon Hill condos out there that are overpriced. Keep an eye on these units and when the time is right, go in and make a low offer and you just might get a great deal.
For those of you who already own a Beacon HIll condo and are thinking about selling, please use this as an education to the negative effects of overpricing.
The Beacon Hill condo Market
Number of Beacon Hill condos for sale – 26
Average days on the market – 163
Boston condos for sale near Beacon Hill
Back Bay Boston condos for sale
Beacon Hill Boston condos for sale
Charlestown Boston condos for sale
Navy Yard Charlestown Boston condos
Dorchester Boston condos for sale
Fenway Boston condos for sale
Jamaica Plain Boston condos for sale
Leather District Boston condos for sale
Midtown/Downtown Boston condos for sale
Seaport District Boston condos for sale
South Boston condos for sale
South End Boston condos for sale
Waterfront condos for sale
North End condos for sale
West End condos for sale
East Boston condos for sale
Condos around the Beacon Hill area to rent:
Back Bay area condos for rent
Beacon Hill area condos for rent
Charlestown area condos for rent
Navy Yard Charlestown area condos for rent
Dorchester area condos for rent
Fenway area condos for rent
Jamaica Plain area condos for rent
Leather District area condos for rent
Midtown area condos for rent
Seaport District area condos for rent
South Boston area condos for rent
South End area condos for rent
Waterfront area condos for rent
North End area condos for rent
West End area condos for rent
East Boston area condos for rent