Boston luxury condo home prices
Where Are Boston Condo Prices Heading in The Next 5 Years?
In Boston, many real estate conversations center on the Boston luxury condo market and where prices may be heading.
Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.
The results of their latest survey:
Home values will appreciate by 5.0% over the course of 2017, 4.0% in 2018, 3.2% in 2019, 3.0% in 2020, and 3.0% in 2021. That means the average annual appreciation will be 3.64% over the next 5 years.
Boston luxury condos for sale
The prediction for cumulative appreciation increased from 17.8% to 18.4% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.7%.
Boston luxury condos for sale
Bottom Line
Here at Ford Realty, we understant that individual opinions make headlines. We believe this survey is a fairer depiction of future values.
For more information on the Boston luxury condo market please call Robert Veek at 617-720-5454.
Updated: 1st Quarter 2018