Is The Beacon Hill Boston Condo Market Slowing Down? Boston Condos For Sale Ford Realty

Boston Condos for Sale and Rent

Is the Beacon Hill Boston condo market slowing down?

Home builders nationally are seeing a slowdown in home sales. Locally, the numbers are indicating the our Boston condo for sale market is slowing down in neighborhoods such as Boston Beacon Hill

Boston condos for sale

Updated: Boston Real Estate Blog 2022

Click Here to view: Google Ford Realty Inc Reviews

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

Condos around the Beacon Hill area to rent:

Boston condos for sale near Downtown/Midtown Boston

Back Bay Boston condos
Beacon Hill Boston condos
Charlestown Boston condos
Navy Yard Charlestown Boston condos
Dorchester Boston condos
Fenway Boston condos
Jamaica Plain Boston condos
Leather District Boston condos
Midtown Boston condos
Seaport District Boston condos
South Boston new condos
South End new condos
Waterfront new condos
North End new condos
West End new condos
East Boston condos

Condos around the Midtown area to rent:

Click here: Boston Midtown Condos For Sale.

Is the Beacon Hill Boston condo market slowing down?

Boston Condos for Sale and Rent