There’s no doubt that today’s Beacon Hill condo market is strong, and everything we see right now indicates it is time to sell. Here’s a look at why selling now is likely to drive the greatest return on your largest investment.
Beacon Hill condo values have been appreciating for several years now, growing at a strong, steady, and impressive pace. In fact, the average annual appreciation rate since 2012 has nearly doubled the average rate from the more normal market of the 1990s (think: pre-bubble).
Appreciation, however, is projected to shift back toward normal, meaning Beacon Hill home prices will likely keep climbing over the next few years, but they are not projected to continue to increase at such a high rate.
HERE’S WHAT THAT MEANS FOR HOMEOWNERS:
As noted in the latest Home Price Expectation Survey (HPES) powered by Pulsenomics, experts forecast an average annual appreciation rate closer to 3.2% over the next five years, which is more in line with a historically normal market (3.6%). The good news is, there’s still time to take advantage of the current strength of Beacon Hill home prices by selling your condominium now.
