clock menu more-arrow no yes

Filed under:

Are Big Price-Drops a New Trend in Boston's Luxury Sales?

New, 2 comments


It's not necessarily that luxury properties in Boston are moving only after big price-chops toward the very end of a listing's shelf life. That has been a recurring feature since time immemorial. It's that it seems to be happening a lot lately. A lot. The latest case in point: the trade of the 2,292-square-foot townhouse at 22 Appleton Street in the South End. The hot-tub-crowned brick beaut dropped on the sales market back in June for $2,395,000 and quickly found a buyer. But! To haul it over that finish line, the price had to come down. Twenty-two Appleton in the end traded for an even $2,200,000. That is $195K off the asking price and the latest Boston luxury dwelling to close only after such a price-drop. It's almost as if the housing market in general is cooling. Thoughts? Anecdotes?
· South End's Hot-Tub-Crowned 22 Appleton Hits the Market [Curbed Boston]
· That Snazzy Penthouse K at 128 Beacon Street Sells Quickly [Curbed Boston]
· View-tastic Charlestown TH Trades After Huge Price-Chop [Curbed Boston]
· 3 Signs Greater Boston's Housing Market Is Actually Cooling [Curbed Boston]