Your personal home-buying schedule doesn’t have to correspond with the Beacon Hill condo market. In fact, buying during the “off season” can yield tremendous advantages.

The “off season” differs depending on your specific location, but always refers to the period of time during a calendar year when both inventory and competition are low. Usually, this corresponds with the weather conditions in a particular area.

If you’re buying a Beacon Hill condo, you may just want to begin looking for your dream home during this period of market inactivity. Here’s why:

There’s Less Competition

During the off season there are typically far fewer active buyers looking for Boston condos for sale, as most buyers prefer to look for homes when the weather is great or their kids are out on summer vacation. If you’re searching during the off season, you won’t feel as much pressure from other buyers looking at the same homes as you.

This gives you plenty of time to tour Beacon Hill condos for sale, think about them, and come to a decision about whether or not you want to put an offer down.

But the Same Great Inventory

While inventory does decrease during the off season, you can still expect to encounter a great selection of homes for sale in your area. Boston condo selling tends to correspond less with the weather or the time of year and more with an individual seller’s situation.

After all, sellers usually have unique reasons (like relocating for work or searching for a bigger home) for selling their home that aren’t related to the weather or the season.

So no matter the time of year, there will always be homes for sale.

You’ve Got More Room for Negotiation

As the buyer, you have the upper hand during the off season. Fewer buyers often mean more desperate or eager sellers. And many times, sellers whose homes didn’t sell during the busier seasons will drop their price to appeal to more buyers.

This eagerness to sell gives your more power in your negotiations. By working with your Realtor, you may be able to get the seller to agree to a lower price, or possibly even some upgrades or repairs.

Your Realtor Won’t Be as Busy

Not that your Realtor shouldn’t always make time for you, but during the hectic busy season, it can be tough! During the off season, real estate agents usually have fewer clients — meaning they have more time to dedicate to you and your needs.

However, when you choose to partner with us, you can expect a superior level of customer service—any time of year. Give us a call today to get started on buying your Beacon Hill dream home.

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John Ford, Broker
realtyford@yahoo.com
Janet Lamb, Vice President
lamb.janet@yahoo.com
Ford Realty
137 Charles Street
Boston, MA 02114
(617) 720-5454 (9:00 – 5:00 EST)
(617) 595-3712 (On Call Broker After Hours)

Beacon Hill Population Demographics

 

Total Population5,075
Male Population2,465
Female Population2,611
Male Population 48.57 %
Female Population 51.45 %
Median Age33
Citizen US Born4,022
Citizen not US Born594
Not Citizen460
Citizen US Born 79.25 %
Citizen not US Born 11.7 %
Not Citizen 9.06 %
Moved from Abroad154
Moved from Same Country626
Moved from Same State407
Moved from Different State392
Same House as Last Year3,472
Moved from Abroad 3.03 %
Moved from Same Country 12.33 %
Moved from Same State 8.02 %
Moved from Different State 7.72 %
Same House as Last Year 68.41 %

Occupational Employment in Beacon Hill

White Collar3,022
Blue Collar69
White Collar59.55 %
Blue Collar1.36 %
Self Employees166
Private Companies2,137
Governmental Workers144
Not for Profit Companies643
Self Employees 3.27 %
Private Companies 42.11 %
Governmental Workers 2.84 %
Not for Profit Companies 12.67 %

Number of Households in Beacon Hill

Total Households2,532
Average People Per Household2
Family Households831
Non-family Households1,701
Non-family Households 16.37 %
Family Households 33.52 %
Households with Children304
Households without Children2,228
Households with Children 5.99 %
Households without Children 43.9 %

Median and Average Income in Beacon Hill

Average Household Income$159,432.38
Median Household Income$107,838.00
People below Poverty Level581
People above Poverty Level4,107

Housing in Beacon Hill

Occupied Housing Units2,532
Owner Occupied859
Renter Occupied1,673
Owner Occupied 16.93 %
Renter Occupied 32.97 %
With Mortgage479
Without Mortgage380
Median Value with Mortgage$698,850.00
Median Value without Mortgage$916,950.00
Median Housing Costs per Month$2,286.00
With Mortgage 9.44 %
Without Mortgage 7.49 %

Beacon Hill Education Statistics

No High School37
Some High School448
Some College339
Associate Degree94
Bachelor’s Degree1,733
Graduate Degree1,764
Never Married2,381
Married1,759
Separated34
Widowed101
Divorced346
Never Married 46.92 %
Married 34.66 %
Separated 0.67 %
Widowed 1.99 %
Divorced 6.82 %

Means of Transport to Work in Beacon Hill

Car566
Bus or TrolleyBus148
Railroad88
Bicycle73
TaxiCab22
Walk1,484

 

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