The perfect storm of events happening right now: if you’re thinking of selling your Boston condo
With the news filled with fear, anxiety and with uncertainty taking place in the Boston real estate market right now, there is a unique opportunity opening up for anyone who’s planning on selling their Beacon Hill home, Seaport condo, or any Boston condo right now. A potential boom in the Boston real estate marketing is materializing, which boils down to an opportunity for sellers
History has shown that real estate has rarely taken a beating during a pandemic and if you’re smart about it, this could put you in a strong position as a Boston real estate seller in a world filled with panic.
Let me explain…
The core principle behind Boston real estate revolves around supply and demand. If we have too many houses for sale and few buyers, then naturally prices will go down. This is the natural fear anyone selling their Boston condo for sale right now is experiencing as Massachusetts has seen unemployment number rising and a halt in the U.S. economy.
But there is another opportunity brewing that doesn’t depend on the average American. But before we share more about that. Take a look at the chart below and notice how home prices were affected by major economic crisis of the past.
Image source: therealestatetrainer.com
The chart above shows us that real estate prices haven’t had a dramatic dip during a crisis. Well, why not?
This is in part due to investors (who aren’t the average American) moving their assets from the stock market which gets hit the hardest into real estate which is much less volatile. This movement of money actually increases the value of the housing market.
Real estate has been one of the safest investments, and some of the wealthiest people in the world know this. Which is why so many local investors transfer cash into Boston real estate during uncertain times.
Other factors, lower interest rates and government assistance has been benefiting the Boston real estate industry, but here’s the unique opportunity to think about selling your Midtown condo, seaport condo or of course your Beacon Hill condominium.
We’re moving into the perfect timing and alignment of events that could increase Boston real estate prices higher than any other time in history!
Simply said. The perfect storm of events are happening right now:
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