Location, Location, Location

Downtown Boston is filled with such diversity. There are several  communities that make up the Boston condo market. Each individual sub market performs based on its specific price points and location. I guess it shouldn’t be surprising that performance of high-end product and very average product are continually generalized together. Investors who made bad choices buying average real estate in average locations broke the most basic of all value rules: LOCATION, LOCATION, LOCATION. Investors who made good choices buying quality product in desirable locations “made money” quite well.

 Here in Boston Beacon Hill, we now know that smaller units in quality buildings gain equity at the same rate as the penthouses the Boston Midtown area. Conversely, Penthouses in average buildings had less appreciation at the same rate as tiny studios in Beacon Hill.

The bottom line for Downtown is: Unless you are a buyer looking to purchase in 1 or 2 troubled complexes, sellers are NOT panic selling in Beacon Hill or Boston Midtown. The best complexes Downtown have, and will continue to have strong value. The decision in buying a Downtown home is not solely price driven. Other factors like quality, location, and construction materials mean so much more to the future value of your investment.

Boston condos for sale near Beacon Hill

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