A perennial for-sale crunch in the People's Republic fuels a climate of bidding wars and over-asks harsh even by Greater Boston standards.
Prices are expected to start at $600,000, and pre-sales should start soon.
Condo prices all across Boston are skyrocketing as the spring market kicks off. Urban areas, from upscale to affordable, are leading the charge.
Somerville, Jamaica Plain and increasingly upscale Charlestown saw some of the biggest increases as did Brighton, Medford and West Roxbury.
And it’s not just rent prices that are on the rise. Sales are up by double digits in the same areas as well. The median condo price in Massachusetts went up 10% in March, clocking in at $320,000 which is more than the median price of a single-family home ($315,000).
The stunning properties in Beacon Hill have always been the centre of attraction for the housing the housing market in Boston. Recently, a 136 year old townhouse located at 9 Lime St. in Beacon Hill has become available for sale at an asking price of $5,499,000.