Urban Core Condo Sales Hit Five-Year Low
Condominium sales volume in the Boston urban core dropped to the lowest level in five years as rising mortgage rates favored rentals over home ownership, according to a Boston brokerage.
New Supply Cools Off Boston Rent Increases
Apartment vacancies rose to their highest levels in three years as developers delivered 8,700 units in eastern Massachusetts during the past year.
Boston Luxury Market Listings Up as Sales Tallies Slide
The Greater Boston luxury housing market kept up its weak performance in the third quarter, but now with signs inventory may be on the rise that could reduce support for prices in the sector.
South Station Tower Launches Sales Campaign for Ritz-Carlton Condos
Developers of Boston’s South Station tower have announced the initial pricing for the $870-million tower’s 166 luxury condominium units and the opening of a sales gallery at 711 Atlantic Ave.
One Dalton Developer Brings in New Brokerage
With 17 condominiums lingering unsold since Boston’s One Dalton tower opened in 2019, the building’s developers are switching horses and bringing in a new brokerage to move the units.
Luxury Homes Underperform Amid Boston Tower Openings
Owners of luxury homes in Boston can take solace in this fact: At least they’re not in San Francisco, even as new data shows the region’s high-end housing market is moving noticeably slower than the rest of the sector.
For Renters, the Worst Is Yet to Come
Renters looking for an apartment as Boston’s all-important September lease rollover date approaches face daunting challenges – even by the standards of the region’s typically competitive market.
An Understated Approach Pays Off for Raffles
We sold through more than half of our available inventory within a matter of months after opening our sales gallery. Just one year later, we have sold nearly 80 percent.
Naming Rights for Residences Is the New Normal
From the Seaport to the Back Bay, it might seem like every new condo building going up in Boston has a condo component attached to a well-known luxury brand. And new data shows it’s happening for good reasons.
South Station Tower Project Survived Market Upheaval
As developer Hines begins marketing 166 luxury condominiums, the architect of the 51-story South Station tower surveyed the progress of the firm’s second landmark skyscraper rising along Boston’s Rose Kennedy Greenway.
Hines Names South Station Condo Brand and Brokerage
Developers of the South Station tower have named Ritz-Carlton as the residential brand for 166 luxury condominiums and announced the selection of their interior designer and brokerage.
Sanctions on Russia Won’t Hurt Boston Luxury Real Estate. Here’s Why
Luxury real estate markets in some of America’s most important cities could soon start to feel a pinch from sanctions on Russia’s elite. But not Boston.
Raffles Pre-Sales Brisk Amid Downtown Condo Recovery
Back Bay’s newest high-end residential tower passes a construction milestone this week as Boston condo sales accelerate.
Apartment Rents Shatter All-Time Records
Apartment rents have blasted past pre-COVID levels in Greater Boston as demand returned to both downtown and suburban markets while the new supply pipeline declined.
High-Water Marks for Eastie Condos
East Boston is a neighborhood on the shortlists of condominium shoppers looking for new construction with luxury amenities and arresting skyline views – Seaport District perks at a discount.
Remigration Benefits Battered Downtown Apartments and Condos
The Boston real estate market has been experiencing a wild ride since mid-2020 when COVID-19 appeared on the scene. The speed of the precipitous pricing decline for both urban core rental and for-sale product surpassed even 2008’s historical crash.
Luxury Apartment Glut Starts to Recede
It’s still a renter’s market for luxury apartments in Boston, but it doesn’t look like that’s going to last much longer after five straight months of rent increases
Developer Seeks Condo Switch for Downtown Tower
Developers of a 21-story tower are casting a vote of confidence in Boston’s condo market as they seek a switch to 148 for-sale units at their LaGrange Street project.
Raffles Bets on Rebound in Downtown Luxury Condo Market
After a broad-based dip in Boston’s luxury condo market in 2020, developers of the Raffles Boston Back Bay Hotel & Residences have a brighter post-pandemic outlook for sales of 146 condos at their 35-story tower.
Downtown Apartment Rents Took Biggest Hits in 2020
Apartment rents dropped by double digits in many high-priced Boston neighborhoods in 2020 amid a rate war as tenants opted for suburban locations for savings, according to a new report.
