September proved to be another strong month for condominium sales in Boston with the median sales price going up seven percent since this time last year. The highest boost in property values was evident along Boston’s waterfront. The substantial boost in property values is mainly attributed to transfers in two of the Waterfront’s most luxurious buildings; Burroughs Wharf and the Intercontinental. The Waterfront has seen an astounding 38% increase since the third quarter of last year. New developments throughout the city including Millennium Tower have also had great success with preconstruction sales. According to a recent article roughly 90% of 442 unit complex have been accounted for.
Carmela Laurella marketed and sold every home at Burroughs Wharf in 2015, totaling over $8.5M in sales. Featured in the Boston Globe article highlighting our accomplishments:
“…The price increase was highest in the waterfront neighborhood, boosted by sales in luxury buildings such as Burroughs Wharf and the InterContinental Boston. The median sales price in the neighborhood was $1.1 million, a 38 percent increase from the third quarter last year.”