The curious case of disappearing Boston condos has been on the minds of many this year, especially for buyers who are recognizing the lowest inventory?Boston has witnessed since 2004. Even with an ?8.8% tax increase in 2013?that will affect some ?potential sellers, property owners are choosing to keep their homes to themselves. We can?t blame them considering property values are rising again. Even Boston real estate luxury market sales (sales above $1 million) have increased 25% over last year.
With that being said, it?s clearly a seller?s market in Boston right now. Buyers are having to act fast when finding their dream home or investment. With educated buyers and low inventory, the average days on market as of August was 76 days (compared to 71 days in July which was the lowest in 6 1/2 years). Just when you thought you were playing tug-a-war in today?s real estate market, these popular homes only got one day to play. What a tough life!
141 Dorchester Avenue #1006,?South Boston ? Boston, MA
List Price: 399,000
Sold Price: 399,000
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Description:?Spacious studio layout with open concept. Bamboo hardwood flooring throughout. Stainless steel appliances and stone counter tops. Modern baths with stone?counter tops? Washer/dryer in unit. One deeded parking spot included! Building amenities include: 24/7 concierge, gym facility, common bike storage, screening room, and outdoor pool terrace with heated lap pool, BBQs, and free WiFi internet.?804?sq. ft. ($496.27/sq. ft.)
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1576 Commonwealth Avenue #16 ? Brighton, MA
List Price: 135,500
Sold Price: 130,000
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Description:?Sunny top floor studio in great building in Washington Square Condominiums. Freshly painted, shining hardwood floors, ?separate kitchen and bath.?310?sq. ft. ($419.35/sq. ft.)
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483 Beacon Street #46, Back Bay ? Boston, MA
List Price: 375,000
Sold Price: 365,000
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Description:?Amazing corner one bedroom on sunny South East corner with high ceilings, hardwood floors (all newly refinished), new windows in living room, and much more. ?Bathroom with granite wall accents and floor. Elevator building, pet friendly.?475?sq. ft. ($768.42/sq. ft.)
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566 Commonwealth Ave. #804,?Kenmore Square ? Boston, MA
List Price: 199,000
Sold Price: 200,000
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Description:?Bright SW facing large renovated STUDIO in a LUXURY ELEVATOR BLDG in revitalized Kenmore Sq. This updated unit is complete with new hard wood floors, central A/C, with a wall of fl to ceiling windows. Peer into FENWAY PARK from your private balcony. Co-op fee includes RE Taxes, 24/hr concierge, blanket bldg mortgage, cable, heat/hot water, extra?interior maintenance, common laundry. Steps away from restaurants, nightlife, movies, the T, The Esplanade and shopping. Dry cleaning service in bldg.?600?sq. ft. ($333.33/sq. ft.)
See what else is on the market in Kenmore/Fenway right now?
Looking for a deal? Check out Boston Condo?Smart Buys?for this week.? Renting? No worries?The Best Value Rentals?page will do the trick.?
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