It may seem that that Boston has an overabundance of super luxury condos, but the market can actually use every one of them. Buyers coming from everywhere from Boston’s suburbs to China are snapping them up as fast as they’re being built… actually, before they’re even completed. For example, the condos at 22 Liberty at Fan Pier sold out months before it opened, more than 90% of Millennium Tower’s 442 condos have already been reserved by buyers in advance of its summer 2016 opening, and the 180 condos at the new 61-story Four Seasons Private Residences (One Dalton Street) are expected to go fast, too. A record number of Boston condos sold for over $3 million in 2015. With hundreds of multimillion-dollar units expected to close later this year after Millennium Tower opens, that record is more than likely to be broken again in 2016.
Buyers looking in the luxury market are generally smart and business-savvy. Yet, as a Boston realtor, it’s important to know your clients, ask the right questions, understand their unique interests and then provide analysis and guidance to help them make the best-informed real estate decision. Have a look at my viewpoints on Boston’s luxury condo market and the value of deep market insight when guiding high-end buyers in the recent edition Boston Agent Magazine.