Boston Financial District Broadluxe Condo Resale Activity Slows

Stuart St James has released the 2012 Broadluxe Condo Sales Report. The report highlights the fact that while price per square foot in the 44-unit loft style building has gone up over the past year, sales velocity of resale units has gone down.

In 2012, only two units in the Boston Financial District condo development sold, half the total from the previous year. Nonetheless, owners continue to see appreciation in price per square foot, currently at $593 per foot. Based on the results of the 2008 condo auction at Broadluxe, where buyers fetched condos at an average of $496 per square foot, auction buyers have realized an approximate 20% gain on their initial investment.

At present, no units are for sale at Broadluxe, while there is a single unit for rent – see all Broadluxe Boston condos for sale and rent.