New Condos in Boston

Despite the recent news of house prices slumping to May 2004 levels, new condos in Boston seem to be faring well. Condo prices actually have risen slightly since March. Luxury condos, in particular, are still being built and sold at healthy levels. And developers aren’t worried as inventory levels indicate good supply and demand.

The development of high-end condos certainly hasn’t slowed, and some of the most popular neighborhoods in Boston for these new condos are Back Bay, Beacon Hill, the North End, the South End, and South Boston. The newest and most extravagant complex, the InterContinental, with views of Boston Harbor has set a new benchmark for luxury in new Boston condos.

The New Boston Condo

Like other markets in the country, such as New York and Chicago, new luxury condos in Boston are routinely offering full-service amenities. Living in a new Boston condo can give you an almost hotel quality-of-life, with valet parking, staffed security systems, a four-star restaurant, and a concierge.

The cost for such luxury in a new Boston condo ranges from $900 to $1600 per square foot. Compare this to the median square foot price in Boston proper of $544. Or consider that outside of downtown new condos in Boston can still be had for an average of $320,000 or even as little as $200,000. It all depends on where you want to live, and what you can afford to live there.

But do remember to factor in the value of living in the heart of such a rich and cultured city as Boston. Imagine being able to walk from your new Boston condo to Boston Common, and skating on the Frog Pond in the winter. Or in the summer, you could stroll along the Charles River Esplanade watching sailboats and college racing crews. And if you work in downtown Boston, don’t forget the priceless hours of commuting time you’d save.

Condo Center can help you start your hunt for a new condo in Boston, today!