Luxury Housing Market on the Rise

Filed under: Boston Luxury Real Estate Market, Boston Real Estate Market, Boston Waterfront Real Estate Market, Luxury Real Estate. By

Rowes Wharf

Rowes Wharf

The luxury real estate market has been booming over the past year and the positive momentum has no signs of letting up. The $800,000 to $1.5M price range has contributed to more growth in the market place than any other price point. Sales from $750,000 to $1,000,000 have increased nearly 40% from one year ago and homes over $1,000,000 have increased over 25%. A large contributor to the success of the luxury market is due to it being easier for buyers to obtain jumbo mortgages. Values of properties have also been on the rise due to a large volume of ready and willing buyers accompanied with historically low inventory. The current inventory levels are the sparsest the country has seen in over fourteen years causing many competitively priced homes to sell in bidding wars. This past January marks the 20th straight month of positive growth in the real estate economy nationwide and is only showing signs of continuing. To get information about how to buy or sell in this highly competitive market contact one of the real estate specialists at CL Waterfront Properties, LLC.

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