The Real Deal New York

National Market Report: Boston’s booming condo market, Chicago’s flight to the suburbs … & more

February 11, 2016 05:35PM
By Farah Halime

Fallon Co.’s luxury condo project, 22 Liberty, has sold 102 units at a median price of $2.8 million

Fallon Co.’s luxury condo project, 22 Liberty, has sold 102 units at a median price of $2.8 million

From the February issue: The condo market in Boston reached record highs in 2015. The median price for condos in nine downtown neighborhoods, along with South Boston and Charlestown, rose nearly 10 percent to $680,000, according to real estate data firm LINK Smart. Meanwhile, prices for luxury condos rose roughly 20 percent to a median of roughly $1.8 million — an equivalent of nearly $1,200 per square foot. “It’s almost as though we’re approaching Manhattan prices,” Debra Taylor Blair, president of LINK, told the Boston Globe. “Demand for urban living is high.” [more]

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