Price reductions aren’t too common in the go-go market we’re experiencing in Beacon Hill right now. But they do happen occasionally. Savvy buyers know that price-reduced condominiums could be great opportunities to avoid multiple-offer situations and way-over-asking bids. Behind every price reduction is a motivated seller.
Of the 14 Beacon Hill condos available now, only three have had recent price reductions. And two of the 14 active condo listings have increased their list price for 2018.
The average asking price for townhouses in Beacon Hill—including those gorgeous townhouses the neighborhood is justly famous for—was $1,182 a square foot as of January 2018, according to an analysis from real estate research site NeighborhoodX.
That comes from a range of $936 to $2,081 per foot.
For condos, the neighborhood’s average was $1,331 a square foot from a range of $1,068 to $2,615.