As one of the most attractive high rise condo markets across the United States in 2017 -2018, Boston broke many real estate records. According to a recent study presented by Mark Goldman, finance professor major university median home prices and sales activity in 2017 were actually higher than in 2005, the peak year of the U.S. real estate bonanza that went through a major correction in 2008.
Here are six reasons why Boston condo high rise buyers will continue to be attracted to the Boston area in 2108-2019.
1. Condo Prices Are Stabilizing
Boston high rise condos, lofts, condos, and penthouses rose very strongly in value during 2017, but analysts believe 2018 is likely to bring stability to the market. Quite a few downtown homeowners refrained from listing their units in 2017. They will probably list this year and adjust their pricing accordingly to the benefit of prospective buyers.
2. Boston Is a Healthy City
According to a report published by WalletHub, Boston is one of the top healthiest city in the U.S. This determination was based on factors such as the cost of doctor visits, availability of fruits and vegetables, number of public parks and fitness facilities, climate, and exercise frequency among residents.
3. The Biotech Industry Will Continue to Create More Jobs
There is no question that the emerging biotech industry of Boston will continue to expand, Boston is a major technology hub, is very interested in research and business collaboration. City and business leaders have determined their own biotech industry boom needs to expand in a sustainable manner, and they are willing to send some of their project to Boston. The life sciences sector tends to generate many jobs beyond the medical and pharmaceutical fields.
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