David Bates / December 13, 2015
When a buyer tells me they want to work with me, one of the first things I guide them on–even before showing them a single property–is what to expect when we find the home they love.
I do this because my goal is to always put my clients in a position to get what they want and at the same time always avoid putting them in a position where we find what they want, but they can’t get it.
Experience has taught me that the most important part of this conversation is what happens at offer time. When buyers know in advance what to expect at offer time, they can easily take huge steps toward their goals, which are often to negotiate hard, save money, and beat the competition.
I took a deep dive into the Hub condo sales data and as a result feel that in relation to list prices offer amounts have recently changed and not in a small way. Simply put: I think the data I am about to share shows that we are in the midst of the most competitive market in my 20-plus years as an agent and in the 40-plus year history of the Boston condo market.
If you are thinking about buying a Hub condo, or are an agent helping a Hub condo buyer, this is an easy to read report which breaks down offer competitiveness, offer trends, and highest over ask sales in the most important Hub condo markets, including Back Bay, Beacon Hill, Brighton, Broookline, Cambridge, Charlestown, Dorchester, East Boston, Jamaica Plain, Midtown, Roslindale, Somerville, South Boston, South End and Waterfront.
I hope the report offers you some insight and context as to what is happening in the marekt. Feel free to share it and help another buyer or seller gain insights. If people know what to expect, then they can take powerful steps to reach them.
As always, best of luck reaching your Boston real estate goals. If you ever want to find out how the latest trends are impacting your real estate goals, feel free to call or email me (BatesRealEstateReport@gmail.com).