Forum Index
Boston Bubble - Boston Real Estate Analysis
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Go to: Boston real estate bubble fact list with references
More Boston Bubble News...
DISCLAIMER: The information provided on this website and in the associated forums comes with ABSOLUTELY NO WARRANTY, expressed or implied. You assume all risk for your own use of the information provided as the accuracy of the information is in no way guaranteed. As always, cross check information that you would deem useful against multiple, reliable, independent resources. The opinions expressed belong to the individual authors and not necessarily to other parties.

Beacon Hill/Back Bay prices

Post new topic   Reply to topic Forum Index -> Greater Boston Real Estate & Beyond
View previous topic :: View next topic  
Author Message

Joined: 09 Oct 2006
Posts: 1

PostPosted: Mon Oct 09, 2006 10:00 pm GMT    Post subject: Beacon Hill/Back Bay prices Reply with quote

I have thinking about moving to Boston. Any idea what is the situation in Beacon Hill and Back Bay ? Still a bubble area or have prices declined already? How about typical property taxes in Boston for a 2 BR apartment?
Back to top
View user's profile Send private message
Site Admin

Joined: 14 Jul 2005
Posts: 1824
Location: Greater Boston

PostPosted: Fri Oct 13, 2006 8:53 pm GMT    Post subject: Reply with quote

This is largely anecdotal, but I've been keeping an eye on a building that I used to live in which was in the Back Bay very close to the border with Beacon Hill. It was converted into condos after I left. I was baffled to see the asking price for the unit I had lived in, knowing what I had paid in rent and knowing that the price didn't appear to bear any reasonable relationship to an equivalent rental. I believe that unit has been sold. There are, however, three units in the building which still haven't sold and I believe they have been up for sale for a very long time now without any price drops that I remember. It was a nice building when I lived there, and my guess is that these units are not selling because people are finally paying attention to price again. In my opinion, there needs to be a very substantial adjustment in market psychology before sellers are willing to make the deep discounts necessary to bring the market back in line with historical norms, and this seller (at least from what I can remember) isn't even making the token 1 - 5% discount that the media here likes to write about and blow out of proportion. However, I don't know how typical this is of other sellers in the area as I've only been watching that one building. My guess is that renting is still a better deal there.

- admin
Back to top
View user's profile Send private message Send e-mail Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic Forum Index -> Greater Boston Real Estate & Beyond All times are GMT
Page 1 of 1

Jump to:  
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

Forum posts are owned by the original posters.
Forum boards are Copyright 2005 - present,
Privacy policy in effect.
Powered by phpBB © 2001, 2005 phpBB Group