As Bostonians push through what has now become a hot summer in downtown Boston, FP3, a 92-unit loft-style condo development in the Seaport District recently dropped prices on several units in an effort to continue driving sales.
Earlier this week, two of the six units that represent the Seaport District condo development in MLSpin, one of Boston’s two MLS systems, were lowered in price by approximately 6%. Unit 203, a 659 square foot condo representative of the studio units in the building was lowered to $329,000, and unit 218, a 1,183 square foot unit was reduced to $549,000. These latest price movements bring some units on the lower floors of the development into the $400 price per square foot range.
FP3 has held its certificate of occupancy since late 2008, and Buyers are able to immediately move into units upon purchase. According to LINK, Boston’s second MLS system, 21 of the 92 units in the building have been sold (23%).