Blog :: 05-2021

Supply and Demand in Downtown Boston's Residential Real Estate Market

downtown-supply

Let’s look at the number of downtown Boston condos/homes going under agreement from April 15-May 15 in comparison to the number available at the end of that period (May 15). The chart above illustrates that comparison.

For the purposes of this comparison, core downtown neighborhoods are defined as Back Bay, Beacon Hill, South End, Midtown/Downtown, Seaport, Waterfront, Leather District, Charlestown, South Boston, Fenway, West End, Bay Village, and Chinatown.

The first thing you see is that sales activity in the downtown Boston real estate market is outpacing last year by more than double, as well as outperforming all years since 2016.

The number of listings, however, is up by 38.92% over this time last year. This tells me that despite the increased activity, pricing should still be on the conservative side, marketing has to be top-notch, and the property has to show as well as it possibly can.

If you or someone you know has questions about selling a Boston home or condo, please feel free to call me at 617-584-9790, or send me an email at joe.wolvek@gibsonsir.com.

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    Beyond Boston: Palatial San Francisco Condo with Golden Gate Views $3,575,000

    This palatial 2-story San Francisco condo with Golden Gate Bridge views is listed by Darwin Tejada of my affiliate Sothebys brokerage, Sothebys International Realty San Francisco Brokerage.

    This expansive features two private walkout decks from the top floor of this two-unit Mediterranean building, plus 3 bedrooms, 2 full baths, 2 half baths, sunroom, a spacious family room and two car tandem parking. Originally built in 1926, this home has maintained much original grandeur including palladium windows, high ceilings, intricate period detail and timeless accents throughout. The current owner has redesigned this home to include the finest materials showcasing a glorious kitchen and beautifully remodeled baths. The main level features large scale living and dining rooms, palladium windows, partial views of the Golden Gate Bridge from the living room, magnificent arched doorways, custom lighting and beautiful hardwood floors.

    There are countless more wonderful details, which you can see here with accompanying photos, for 1567 Francisco St, San Francisco, CA.

    I can handle your real estate needs here in Boston as well as globally. If you have questions about buying or selling homes in Boston or beyond, please get in touch. You can call me at 617-584-9790, or email joe.wolvek@gibsonsir.com.

    South End 753 SF 1 bedroom, garage parking in elevator building: $750,000

    www.700harrison513.com. Sunny South End 753 square foot 1 bedroom with full DEEDED GARAGE PARKING space in a recently constructed, professionally-managed, pet-friendly luxury elevator building. Bright open living-dining room has 9+- ft. ceilings, floor-to-ceiling windows with downtown skyline views. Central air, laundry in-unit. Open-plan kitchen has peninsula/breakfast bar with dark granite counters, gas cooking, stainless appliances, and lots of counter and cabinet space. Spacious bedroom with large closet, floor-to-ceiling windows. Large full bath with tub, subway tile surround. Lovely landscaped common patio with seating for dining or lounging. Close to Whole Foods, best South End dining, SOWA artist studios, food-trucks, farmer's markets, BUMC/BU Med/BU Dental. Near I-93, Pike, Silver line. LOW CONDO FEE, strong association and reserves. Theres never been an assessment here! Easy to show. For open houses, please call me at number posted when you arrive at the building, and I will escort you in.

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