Posted on Sept.5th, 2014
New condominiums available in Boston are significantly in high demand recently. No more sacrificing for the sprawling fixer-upper, or the need to fix the porch. You have the upper hand in choosing the place that will give you and your family comfortable living. Condos are very much ready to use and no need in fixing anything. All you need to do is secure all your personal things.
Thousands of people in Massachusetts are choosing condos over the traditional dwellings. The Massachusetts real estate condos offer less maintenance yet provide more amenities for modern people. With a price gap of only $20, 000 from the stand-alone houses statewide in May, the median-priced condo is $320, 000 compared to a $340,000 house. Aside from the price gap, condos are now more popular and priority of people who are after convenient and comfortable home. If you are not certain yet, you can ask for advice from Massachusetts real estate agent to give you ideas about condo living.
Although condo prices have increased in the first five months this year by 13% compared to the 6% hike for single-family homes according to the Warren Group. With this, there is a 4% decrease in the sales of single-family homes while condos have increased their sales by 9%.
The Boston real estate condo market has been raging even for middle-class incomes. The average price per square foot of $728 set a record of 12% higher than last year of the second quarter according to the Boston data firm called LINK. While the average square-foot price for luxury units increased nearly by 15% that is $1,188.
LINK said that the average cost of a condo in the city core sections last quarter was $851,199. Prices in Boston have gone far beyond the Massachusetts median, leaving many people out of the market. Much of the demand comes from young professionals entering the market and the baby boomers which have sold suburban homes flush in cash.
Chief executive of the Warren Group Timothy Warren said that a lot of people in their 50s or 60s and even older thinks that Boston is fun and inviting and innovative and lively. He also added that people eat out a lot more than they did 25 years ago, and the city has so much going on.
Condos have so much to offer than stand-alone houses like feature pools, gyms, tennis courts, and common areas used for partying. Condos are more likely to be move-in ready than most single-family homes that are available in the market. Gary Rogers, a broke-owner, said that it is easy to maintain the resale value because there’s a lot less maintenance needed for condos that are offered in the Boston real estate market.
These kinds of selling points have proved that it is irresistible to stay in modern-day condos that are immensely available now here in the city. You can also choose for a less stressful living in Clinton, if you do not want the congested ambiance that Boston seems to appear to you. You can even relax more when you opt to stay in a condo while enjoying your retirement from work. Enjoy life in a fun and easy way, condos are now the trend when it comes to happy living.