Boston Condo Sales Pick Up
Downtown Sees 30% Increase in Condo Sales
Boston’s downtown condominium market saw sales surging by 30 percent in the second quarter of this 2010 when compared with the same period in 2009, according to data released by Listing Information Network, a Boston firm that tracks real estate. The number of condos sold between April and June of last year was 653, this year it was up to 849 for the second quarter.
Sales in luxury buildings, such as FP3, offering amenities such as valet and concierge services —increased by 9 percent to 121 sales in the second quarter, compared with the 2009 quarter, according to the data.
In a recent Boston Globe report on the downtown Boston condo market, Joseph Laurano, director of operations for developers Berkeley Investments, attributed the recent sales at FP3 to a change in marketing strategy as well as improvements in the economy and continuing low interest rates. “The [FP3] building is now 60 percent sold. Folks on firm financial footing view now as an opportunistic time to purchase urban real estate.’’
If you’ve been thinking about investing in a condo in Boston, why not schedule a tour of FP3 and see what living in Boston’s Fort Point area has to offer! Live in a new Boston development, with luxury amenities close to Boston’s Financial District and waterfront. Boston waterfront condos with FHA approval are hard to find- don’t pass this opportunity up!