New England Living Winter 2020

Page 140


By Lisa Cavanaugh

COMMITTED TO CITY LIVING Contrary to popular belief, Boston real estate remains strong amid the coronavirus

Written By Lisa Cavanaugh


peculation about real estate trends during Covid-19 have followed a familiar line: everyone is moving out of the city. But, as sales statistics began to eventually demonstrate, that isn’t necessarily the whole story. “We had a period when there was a lot of talk that people were leaving Boston, seeking more space and distance in the suburbs and beyond,” says Ken Tutunjian, branch manager of Coldwell Banker Realty in Boston's Back Bay. “But that was more hype than reality.” Tutunjian said that he saw a different shift that indicated there was just as many buyers as sellers. “I wasn’t sure if that trend would hold, but now months into the pandemic we are seeing better ratios than 2019. The downtown Boston market is experiencing exceptional activity with homes selling in less time and for higher prices.”


N E W E N G L A N D L I V I N G. T V | W I N T E R 2 0 2 0

138-142_Coldwell_NEL20_FW.indd 138

10/20/20 12:31 AM

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.