My Boston high rise luxury condo isn't selling

portland home is not selling — Boston luxury high rise condos

Since 2012 and until 2017 the Boston luxury condo high rise market has been booming. Most would say that in 2018 the Boston luxury condo market is slowing down. The luxury real estate market is cooling off fast, in many areas and housing types (but not all). Read this article to find out what is really happening in the real estate market and finally what you can do to sell your Boston cond now.

Boston Luxury Market is Cooling Fast

Right now if you are trying to sell a Boston Luxury Home or a condo or townhome, you are in the hardest hit portion of the Boston real estate market. Luxury home inventory is up. There are numerous active luxury condos for sale in Boston over 1,000,000. We like to see a 50/50 ratio in active to pending sales, or the number of current actives to match current pendings. A real estate market is humming along if say there are 75 active homes for sale and 75 pending, or 25 active and 75 pending,

Should I sell now?

Um, yeah. If you think it is tough to sell now, just wait. First thing to know if you are having trouble selling your house now is that as far as the real estate market goes in Boston, it is not expected to get better moving forward (for the next few years), it is expected to get worse. So unless you can ride it out (which by all means go ahead and ride it out if you can, real estate is an amazing long-term investment) sell sooner rather than later.

How can I improve my chances to sell?

I’ve already worked my way through a difficult recession and I’m prepared to see it through another (it shouldn’t be nearly as bad this time around for a number of reasons). The marketing for your home must be knowledgeable of the market with internet exposure is a MUST, open houses still work, and much, much more. However, nothing will have a bigger impact on your sale than the price. Even if you have a golden Boston real estate agent, the best agent in the whole world, if your price is too high for the housing market, it will not sell. This is the 21st century and housing market data is free and abundant.Boston high rise condo buyers have access to information they never had before. It is practically unheard of for a buyer to get “talked into” an overpriced listing. The Boston condo price must be market friendly. With the correct price and a strong marketing effort, you can sell a home in ANY real estate market. Let us know if we can help you today.