True to form, the Boston luxury condo inventory spiked after the Super Bowl weekend. A total of 17 condominiums hit the downtown Boston market in the last few days, in a variety of price ranges from $700,000 – $3,500,000.
Of course, many “new” offerings weren’t really new—just brought back on at revised prices, with new listing agents, or revised staging.
Given that the most popular price range in the city has been anywhere from $400,000-$800,000 this year, the new inventory in the higher price ranges isn’t helping matters for existing high-end home sellers. Of the 17 condominiums newly listed, 15 were $800,000 or more.
Presently we have 145 Boston luxury condos for sale on the market priced $1,000,000 and above.
But those buyers who have been looking for a little while should revisit condos that were on since the end of 2107. Those Boston condo sellers may be most willing to negotiate, especially as the Spring looms with new inventory coming on the market.
Updated: 1st Quarter 2018