With the holidays right around the corner, sales activity for Boston waterfront properties has increased. Not only has this activity been a trend along the Waterfront, November marked the fifth straight month in which home sales have improved nationwide, according to an article in the Boston Globe, December 22, 2011.
Real estate professionals agree that sellers have become more realistic about their Boston luxury condos‘ values. The Boston Globe recently quoted Sheryl Simon, a Principal with Benoit, Mizner, Simon & Co., about this topic: “The sellers have now realized that they are not going to get the prices their neighbors got in 2005, 2006, 2007”. Not only have home sales increased, but cash buyers are up about 30 percent compared to this time last year.
Whether you’re a cash buyer or taking out a mortgage, now is a great time with to buy, with motivated sellers and rates in the low 4’s. Don’t hesitate – contact CL Waterfront Properties today! Happy Holidays!
By: Chris Smith