Why is the Midtown and Seaport condo market so hot?
Boston Luxury Condos for Sale
Why is the Midtown and Seaport condo market so hot?
Studies after studies have shown that the downtown Boston area is one of the fastest growing in the United States. This is great news for the local economy and for people looking to sell their high rise condo. However, for people looking to buy a Midtown condo or in the Seaport, this can be a problem because condos in those neighborhoods are moving so quickly.
This begs the question: Why is the downtown Boston condominium market so hot? Also, how can you purchase a downtown condo before being listed on Zillow?
To answer the first part of the question:
Why is the downtown condominium market so hot?
Simple answer: Population growth – seems like a pretty simple statistic, but it’s important to know just how many people are moving into the city and where they are living. Population growth can truly be a factor for purchasing of a downtown Boston condo.
Job growth –
Is one of the largest factors that brings people into a city. Downtown Boston has shown positive job growth as of late, so this brings people from other parts of the country to our area (i.e New York).
Businesses moving into the area –
Of course, another factor that goes into this, if new businesses are moving into the city. Boston has done well with that, as new businesses move to the Seaport District (i.e Amazon), it not only brings jobs to the area, but those workers will be looking for apartments or condos in which will obviously impact the market.
How does population affect condos in downtown Boston?
With all of these people moving into the city, it has resulted in a Boston real estate market boom.
The Boston luxury condo market has become very hot, emerging neighborhoods have shown impressive growth such as; Midtown and the Seaport District.
How do you find a condo in downtown Boston condo?
The key part about finding a downtown Boston condo is that doing it by yourself can be tricky. There are many online listings sites such as Zillow, but it can be overwhelming to purchase a Seaport or Midtown condo, find it, and make an offer all on your own. By the time you submit the Offer to the seller, the property can be gone.
Using the Janet Lamb Team website over Zillow, you can find a downtown Boston condo listed in real time that offers detailed descriptions and sales data which can help you be an informed buyer. Thus, submit an offer quickly so you can close on a deal and move into in a Midtown or Seaport condo that matches your needs.
Using someone who specializes in downtown condos, and who knows the Boston real estate market inside and out can help you. If you are seeking to buy or sell a condo in Boston, make sure you contact the Janet Lamb Team at 617-721-9504.