Over Asking: The story of the 2013 Boston Real Estate Market
-
date post
14-Sep-2014 -
Category
Real Estate
-
view
111 -
download
0
description
Transcript of Over Asking: The story of the 2013 Boston Real Estate Market
![Page 1: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/1.jpg)
Over AskingThe Story of the 2013 Boston Real Estate Market
![Page 2: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/2.jpg)
2013 was a rough year for those shopping for a condo in Boston
![Page 3: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/3.jpg)
Buyers came out of the wood work and packed open houses all over town
![Page 4: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/4.jpg)
Multiple offers were everywhere
![Page 5: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/5.jpg)
Google Trends searches show which neighborhoods were the most attractive
South Boston CondosCharlestown CondosSouth End Condos
Back Bay CondosBeacon Hill Condos
![Page 6: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/6.jpg)
With so many bids it’s no surprise that many homes sold over asking, but the question is just
how many did?
![Page 7: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/7.jpg)
Back Bay
41% of condos sold for Asking Price or above
20% over asking was the maximum
![Page 8: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/8.jpg)
Beacon Hill
44% of condos sold for Asking Price or above
13% over asking was the maximum
![Page 9: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/9.jpg)
South End
61% of condos sold for Asking Price or above
16% over asking was the maximum
![Page 10: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/10.jpg)
Charlestown
59% of condos sold for Asking Price or above
13% over asking was the maximum
![Page 11: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/11.jpg)
South Boston
55% of condos sold for Asking Price or above
13% over asking was the maximum
![Page 12: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/12.jpg)
What to expect in 2014?
![Page 13: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/13.jpg)
In 2014 we expect to see the trend continue through at least the first half of the year. The lack
of major new condo developments in the downtown area combined with the lack of general
inventory will keep the market extremely competitive for most of the year.
![Page 14: Over Asking: The story of the 2013 Boston Real Estate Market](https://reader034.fdocuments.in/reader034/viewer/2022051411/54160be78d7f72336c8b494f/html5/thumbnails/14.jpg)
To find out how to beat out the competition in the Boston real estate market contact us:
Call: 617-449-3642
or
Visit: http://www.backbayrealtygroup.com