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Southie's Seaport Crossing Turning Out to Be a Real Bargain

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The dozen condos of Seaport Crossing at 345 D Street in South Boston have been move-in ready since July and sales have been closing since September. While the development dropped with great expectations—and why not, given its location along one of the city's more rapidly changing boulevards—it hasn't quite lived up to the hype. There were five-figure price-chops on several units pretty much from the get-go, and, while some have sold at asking, it looks like a good many are going at steep discounts. Take Unit 8, an 879-square-foot 1-BR, 1.5-BA. It was listed in May for $619,000 and closed right around Thanksgiving for $585,000. Then there's Unit 7 (the interiors from which are pictured here). The 934-square-foot 2-BR, 2-BA with a private deck dropped for $629,000, also back in May, and just closed for $605,000. Keep in mind, too, these closing prices are after earlier price-chops. And in a super-fast Boston condo market. Is a larger tide turning or is Seaport Crossing an outlier?
· Check Out Boston's Best-Selling Condo Buildings Lately [Curbed Boston]
· Connecting Southie—Brought to You by the Letter D [Curbed Boston]
· Not-So-Fast Sales at D Street's Newish Seaport Crossing [Curbed Boston]
· Boston, It's Time to Admit You Have an Inventory Problem [Curbed Boston]