Beacon Hill Seller’s Market
For the last three or four years, it has unquestionably been a “Seller’s market” in the Boston Beacon Hill condo market, values have have dramatically increased since 2007 and banks are lending at all-time low interest rates. New programs like FHA have made it easier than ever for first time home buyers to enter the Downtown Boston condos market, even with less than ideal credit.
Beacon Hill Condos 2019
Fast forward to February 2019, and what we’re left with is less than 15 Beacon Hill condominiums for sale. When Beacon Hill homes do come on the market, they are quickly moved upon and now more than ever, especially under $1M price range. So what should you do? First you need to enlist the help of a seasoned Beacon Hill Real Estate Professional to help you with the process. It’s not uncommon to see a condominium hit the market and receive multiple offers within the first weeks under $1M. With no new inventory likely scheduled in Jan or Feb, we don’t see any reason why this upward trend won’t continue. Bottom line, while the low interest rates and still (for now) low prices signal good buying conditions, it is no longer a “buyer’s market.” If you are still on the fence about purchasing your first home in Downtown Boston I’d recommend making the move soon.
Some steps to get started:
- Talk to a local real estate professional for advice specific to the neighborhood that you want to move into.
- Contact a loan representative for a pre-qualification to find out your purchasing power.
- Research you neighborhood’s most recent comps
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.
Charles River Park
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.
Ford Realty Inc
137 Charles Street
Boston, Ma 02114