I’m amazed by that, I have to tell you.

I distribute a series of Boston real estate market reports on a weekly basis. They are broken down by ZIP code.

This week’s report on ZIP code 02116 showed something I found startling.

There are 150 condos on the market, currently.

Half of these are listed over $1,000,000.

What do you get for $1,000,000 in the Back Bay (02116 actually straddles the Back Bay and South End, but I’m focused on the Back Bay listings, only, here)?

A 1300-square foot, 2-bedroom, 2-bathroom condo at One Charles, with a parking space included.

Over the past twelve months, there have been at least 160 sales of +$1 million properties in the Back Bay.

Over the past twelve months, there have been at least 50 sales of +$2 million properties in the Back Bay.

There have been more +$2 million sales over the past year than ever before.

There’s around a 1/2 year’s supply of +$1 million properties on the market, currently. I don’t think that’s too excessive, given the number of buyers.

It makes you wonder – should you continue to call $1 million condos “luxury” when they pretty much refer to the standard “typical” Back Bay home?

Here is a copy of the detailed marketing report I distribute weekly to my clients.

If you want to begin receiving it, please contact me about working for you as a buyer’s agent.

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    Updated:  1st Q 2018

Author Profile

John Ford
John Ford

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.


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.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



Surrounding Communities of Boston
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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