Boston Condominium Report
Annual 2024 + Quarter One 2025
YE 2019 - Q1 2025 | BOSTON MARKET OVERVIEW
TIED TO TRUMP AND GLOBAL MOVES
FINANCIAL THE SLOW BUT SURE DROP IN INTEREST RATES
RAFFLES THE SUCCESS OF RAFFLES AND BOSTON BEING SELECTED AS THE ONLY NORTH AMERICAN CITY FOR HOTEL AND RESIDENCES
BOSTON RESALE MARKET
STRONG IN BOTH LOW MAINTENANCE AND FULL SERVICE VALUES HELD AND NEW RECORD PRICES
$ PER SQ' ($3000 - $4000) TRANCHES
PREDOMINANTLY IN BACK BAY, BEACON HILL, SEAPORT AT PREMIER ADDRESSES THE MANDARIN, CARLTON HOUSE, HADDON HALL, 22 & 50 LIBERTY
TRANSACTIONS, ABSORPTION, AND INVENTORY TIGHT FOR 13 YEARS
BOSTON MARKET HELD THROUGH 3 RECESSIONS
INVENTORY TIGHT BUT RISING PARTICULARLY IN RESALE MARKET EXTENDED PERIOD OF SLOW SALES 2023 | 2024 GENERAL ACTIVITY LOW FOR A PERIOD OF UNCERTAINTY
The Boston Market consists of Back Bay, Bay Village, Beacon Hill, Midtown, Downtown, Charlestown & Navy Yard, Fenway, North End, Seaport, South Boston, South End, West End, Waterfront
Raffles
MARKET TAKES OFF IN SALES AFTER COVID AVERAGE OVERALL 20+ YEARS OF UPWARD PRESSURE ON PRICING
THE UPPER SEGMENT OF THE MARKET PERFORMANCE IS VERY STRONG BY AVERAGE AND MEDIAN.
13 YEARS OF MONTHLY INVENTORY 2013 - 2025
NEVER GETS OVERBUILT AND HOLDS PRICING RESULTING IN NO VOLATILITY
APPROX 20+ YEARS OF TIGHT INVENTORY (YELLOW) 2013 DURING 3 RECESSIONS BUT INVENTORY NEVER GETS OVER BUILT WITH THE EXCEPTION OF 2006 - 2009 THEN INVERTS TO TIGHT INVENTORY AND VERY STRONG MARKET PERFORMANCE
THIS IS ALL SETTING UP FOR A HUGE SPURT WHEN THE FEDERAL RESERVE STARTS CUTTING RATES
The Boston Market consists of Back Bay, Bay Village, Beacon Hill, Midtown, Downtown, Charlestown & Navy Yard, Fenway, North End, Seaport, South Boston, South End, West End, Waterfront
YE2019-Q12025|BOSTONPRICESEGMENTATION
The Boston Market consists of Back Bay, Bay Village, Beacon Hill, Midtown, Downtown, Charlestown & Navy Yard, Fenway, North End, Seaport, South Boston, South End, West End, Waterfront
$0 - $499k 2819.4%2208.4%3619.9%2347.9%1807.8%1697.3%236.8%245.9%
$500k - $999k 145148.7%132850.9%187151.2%140247.6%97242.1%98842.9%13940.9%16941.5%
$1M - $1.499M 55618.7%49318.9%68218.7%57319.5%46520.1%50622.0%11433.5%12530.7%
$1.5M - $1.999M 2428.1%2569.8%2757.5%2468.4%24110.4%26511.5%308.8%4912.0%
$2M - $2.499M 1324.4%1124.3%1584.3%1585.4%1536.6%1084.7%154.4%153.7%
$2.5M - $2.999M 984483.3%693102.6%944672.6%1044903.5%894503.9%833763.6%9342.6%9402.2%
$3M - $9.999M 2187.3%1294.9%2155.9%2287.7%2089.0%1858.0%92.6%102.5% $10M+ 10.3%61.5%
OneDaltonOneDaltonOneDaltonStRegisRafflesRafflesRafflesRaffles Pier4Pier4Pier4OneDaltonWinthropCenterWinthropCenterWinthropCenterWinthropCenter EchelonEchelonEchelonEchelonStRegisStRegisStRegisStRegis 50LibertyOneDaltonOneDaltonOneDaltonOneDalton DATASOURCEDBYLINKand/orMLSPIN
Pandemic
YE2019-YTD2025|BOSTONTRANCHESOVERVIEW
$1,650-$1,999/Sq'10510013915613911734
$2,000-$2,499/Sq'84326961826913
$2,500-$2,999/Sq'4130192454367 $3,000-$3,999/Sq'1814191533225
YE 2019 - 4.20.2025251 180 250 257 317 248 61 Pier4Pier4Pier4StRegisRafflesRafflesRaffles OneDaltonOneDaltonOneDaltonOneDaltonWinthropCenterWinthropCenterWinthropCenter EchelonEchelonEchelonEchelonSt.RegisSt.RegisSt.Regis OneDaltonOneDaltonOneDalton
The Boston Market consists of Back Bay, Bay Village, Beacon Hill, Midtown, Downtown, Charlestown & Navy Yard, Fenway, North End, Seaport, South Boston, South End, West End, Waterfront Haddon Hall: 29 Commonwealth Ave 9 Units Average $ / SQ' = $3,219 Small Boutique, Limited Services, Amenities, Developer Edgerley Family
$1,650-$1,999/Sq'$2,000-$2,499/Sq'$2,500-$2,999/Sq'$3,000-$3,999/Sq'$4,000+/Sq'YE2019-4.20.2025
YE 2024 | NOTABLE MARKET LEADING TRANSACTIONS
Q1 2025 | NOTABLE MARKET LEADING TRANSACTIONS
RANKED
YE 2024 + Q1 2025 |
SALES
Increased transactions due to the "Lease to Buy" strategy units closing
BOULEVARD 10 Year Old Product
Double Loaded Corridors (Limits Views) and Very Different from 55 India
We wanted to watch this development carefully and let them go first and make mistakes
Parking: Onsite but, Residents do not like the carousel parking option
YE 2024 + Q1 2025 | COMPETITIVE UNIT MIX
50
Winthrop Center, The Sudbury, Echelon, Burroughs Wharf, The Archer, Rowes Wharf, Battery Wharf, The Boulevard
YE 2024 - Q1 2025 | 55 INDIA COMPETITIVE SET
