http://bostonrealestateobserver.com/bryant-condo-boston/ Mon, 08 Mar 2010 19:57:07 +0000 hourly 1 http://bostonrealestateobserver.com/bryant-condo-boston/#comment-654 Charles Mon, 15 Feb 2010 20:52:59 +0000 http://bostonrealestateobserver.com/?p=2624#comment-654 Since the auction, only 5 or so additional units have sold, leaving almost half the units in the building still on the market. I think the problem is that the auction gave a pretty clear indication of what the market was willing to pay for this building, yet the developers are still holding firm to pricing that is far in excess of the auction results. The developers did just cut prices on February 10 (in some cases in excess of $100,000), but the pricing is still way above auction. Hard to see why a lot of people are going to step up and pay what the developers are looking for with so many units still available and the potential for further price cuts and another potential auction looming. As an example, around auction, units 601, 602, 604, and 605 sold. All were three bedrooms, and they went for an average of $690/sq foot. Unit 606 is on the market now for $870/sq foot, even after the recent $50,000 price cut. If they lopped another $400,000 off the asking, they'd be in the ballpark. But that's how far off of reality the developers are right now. It's a nice building, but despite what the name suggests, this building is in the South End, and the views are just not that good. Since the auction, only 5 or so additional units have sold, leaving almost half the units in the building still on the market. I think the problem is that the auction gave a pretty clear indication of what the market was willing to pay for this building, yet the developers are still holding firm to pricing that is far in excess of the auction results. The developers did just cut prices on February 10 (in some cases in excess of $100,000), but the pricing is still way above auction. Hard to see why a lot of people are going to step up and pay what the developers are looking for with so many units still available and the potential for further price cuts and another potential auction looming. As an example, around auction, units 601, 602, 604, and 605 sold. All were three bedrooms, and they went for an average of $690/sq foot. Unit 606 is on the market now for $870/sq foot, even after the recent $50,000 price cut. If they lopped another $400,000 off the asking, they’d be in the ballpark. But that’s how far off of reality the developers are right now. It’s a nice building, but despite what the name suggests, this building is in the South End, and the views are just not that good.

]]> http://bostonrealestateobserver.com/bryant-condo-boston/#comment-553 Rich Fri, 09 Oct 2009 20:23:20 +0000 http://bostonrealestateobserver.com/?p=2624#comment-553 The problem with the Bryant is really simple: The units in the building are way over-priced for what they have to offer. In particular, the more expensive upper-floor units only have so-so views from their livings rooms. In all units, the bedrooms look at 131 Dartmouth. Prices need to be lower because of these flaws. The problem with the Bryant is really simple: The units in the building are way over-priced for what they have to offer. In particular, the more expensive upper-floor units only have so-so views from their livings rooms. In all units, the bedrooms look at 131 Dartmouth. Prices need to be lower because of these flaws.

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