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Boston High-Rises Are Ripe for Condominium Buyers

Wondering where the motivated sellers are in the Boston condo market?

Check the luxury high-rises and you’ll see slow sales giving developers and owners a wake-up call. According the Listing Information Network (LINK), the first 10 months of 2009 saw 206 condos sales above $1 million in Boston. That same time period in ’08 saw 408 sales.

Boston has also recently been introduced to three new luxury high-rise condo buildings – The W Hotel, 45 Province, and the Clarendon. All of these offer white-gloved service and immensely luxurious living, however, the sales at all three buildings are slow. The total available units for all three buildings give the buyers hunting in this market about 350 to choose from. Most of the action for units in this price range was seen at the recent auction at Bryant on Columbus, where 3 bed condos were sold at dramatically lower prices – as much as 41% off the listing price.

Where does that leave the buyer looking for luxury condos in Boston? In a position to choose from a fantastic array of options.

Interested in touring the luxury condominiums in Boston? – contact Paul Santucci.

Posted at 11/17/2009 02:15 PM by Paul Santucci

Categories: Boston Real Estate, Luxury Condos, Boston Real Estate Deals, Boston Condominiums, Boston Luxury Condos, Back Bay Condo

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