The Boston condo market continues to grow stronger. According to a July 24, 2012 Boston Globe article condo sales have jumped an astonishing 29% since this time last year and the median sales price has seen a 6% increase. Consumer confidence has been regained in the market place and many buyers are beginning to re-enter the market taking advantage of low interest rates.
The Waterfront market alone has shown record setting growth over the past year with a 21% increase in median sales prices and a 4.82% increase in price per square foot. CL Waterfront Properties, LLC president, Carmela Laurella, was quoted in the Globe article saying;
“We have more demand than we have property to sell…We can barely list anything without it going under [a purchase agreement] within a couple of weeks.”
Courtesy of CL Waterfront Properties. www.wpboston.com