One-bedroom condos generally have a smaller buyer pool in Boston. Empty nesters, investors, single people or couples are typical buyers, with the latter two groups being first-time buyers looking to get their foot in the homeownership door.
But there’s certainly a strong market for a one bedroom, especially if it’s in a prime location and has all the amenities. I’ve been watching this segment of the market for a while now, and I was not surprised to find that prices are climbing for one bedrooms; in some cases, buyers are getting into extreme overbidding at very high price points.
That buyer joins a club of elite one-bedroom condo homeowners who have paid more than $1.000,000 for theri condos, with the most expensive being $4,500,000 sold in 2014 at 2 Commonwealth Avenue, Back Bay.
What drives buyers to pay a premium for a one bedroom? The triggers are location, views, appealing architecture, high-end remodeling, new construction, and elevator.
Boston 1 bedroom luxury condos for sale:
Back Bay 1 Bedroom condos
Beacon Hill 1 bedroom condos
Charlestown 1 bedroom condos
Waterfront 1 bedroom condos
Seport District 1 bedroom Condos
Updated: 1st Quarter 2018
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