About two months ago, David Bates explained in these webpages just how few Boston condos there were available to buy for under $500,000. The "real inventory" of condos in that price range was, in fact, a paltry 395. It's not much better at the higher-end, with several august members of the Curbed Boston 76 either devoid of any listings or getting there. Over to Kevin Ahearn of brokerage Otis & Ahearn:
There are only 44 resale units in the city's luxury buildings, with no resales or listings available at Trinity, the Belvedere, the Four Seasons and only seven resale units at One Charles. Out of the 44 resale units currently on the market, only three of these properties are priced below $800 per square foot. As Jennifer Athas points out in The Herald, the fall, after the spring, is supposed to be the busiest time in the Greater Boston housing market in terms of deals. The anemic inventory, though, could bring winter pretty early.
· Fewer Homes to Choose From This Fall [Herald]
· The Smallest Boston Real Estate Story [Curbed Boston]
· The Curbed Boston 76: the City's Top Condo Buildings [Curbed Boston]