Downtown Boston Sees Jump in Condo Sales
The median sale price in 2012 was at a record high, the Globe reports.
The condo market in downtown Boston appears to be buzzing, with the city experiencing a dramatic increase in sales in 2012, according to a report by the Boston Globe.
Nearly 30 percent more condos were sold in the downtown area last year than in 2011—a total of 3,324 homes, according to real estate tracking company LINK. And many of these condos sold for higher prices than before, with a record high median sale price of $501,250, according to the Globe.
The study looks at sales in 12 Boston neighborhoods, including Fenway, Back Bay, Beacon Hill and South Boston.
Though it was not specified in the Globe’s report whether Charlestown was included, the neighborhood has certainly seen its fair share of condo sales, with some sale prices far exceeding the median. For a look back at some of the recent sales, check out Charlestown Patch’s Real Estate page, and look for the “Sold!” column, which runs every Thursday at noon.
As for the most expensive condos in the city, Curbed.com recently published a report on the top 12 condo sales in 2012, with sale prices ranging from $4,500,000 to $10,300,000.