The high end of the real estate market appears to be softening throughout the country—or sellers are overreaching on their initial list prices, and coming back down to earth after their properties fail to sell quickly.
However, the same does not appear to be happening in the Boston downtown real estate market.
A quick look at the latest Boston luxury condos for sales definitely supports a luxury market is holding strong. As of today’s date only two condos priced $1,000,000 or over have had a price reduction of late. Neither one was a dramatic decrease, the first one is in Back Bay at 81 Marlborough St original price $1,249,900 now $1,195,000 the second one is in Midtown 1 Franklin St original asking price $2,125,000 now $2,075,000.