Comments on: Temporary Downgrade of Boston Condos http://bostonrealestateobserver.com/temporary-downgrade-of-boston-condos/ Sat, 07 Apr 2012 00:20:55 +0000 hourly 1 By: Boston Condo Guy http://bostonrealestateobserver.com/temporary-downgrade-of-boston-condos/#comment-167 Boston Condo Guy Sat, 23 Feb 2008 17:41:20 +0000 http://bostonrealestateobserver.com/2007/11/20/temporary-downgrade-of-boston-condos/#comment-167 There's no real silver bullet answer for this, as always, there are a lot of factors that would influence the outcome. However, the existing market would only be significantly impacted (in terms of price appreciation / depreciation) if it could not absorb the capacity that these newer developments create. There will always be people that want to live in the core of downtown, and thus, we're in a situation where the additional inventory will not have a significant impact on condo pricing (outside of the normal appreciation trends that we continue to see in the downtown Boston market). One could debate that there are new condo developments in the core of downtown that are not being absorbed (i.e. units are sitting on the market), but this is more a function of finding a pricing sweet spot for unique properties, rather than not having Buyers interested in living downtown, or even buying downtown for that matter. There’s no real silver bullet answer for this, as always, there are a lot of factors that would influence the outcome. However, the existing market would only be significantly impacted (in terms of price appreciation / depreciation) if it could not absorb the capacity that these newer developments create. There will always be people that want to live in the core of downtown, and thus, we’re in a situation where the additional inventory will not have a significant impact on condo pricing (outside of the normal appreciation trends that we continue to see in the downtown Boston market).

One could debate that there are new condo developments in the core of downtown that are not being absorbed (i.e. units are sitting on the market), but this is more a function of finding a pricing sweet spot for unique properties, rather than not having Buyers interested in living downtown, or even buying downtown for that matter.

]]> By: TonyFromTheBlock http://bostonrealestateobserver.com/temporary-downgrade-of-boston-condos/#comment-168 TonyFromTheBlock Fri, 22 Feb 2008 15:42:59 +0000 http://bostonrealestateobserver.com/2007/11/20/temporary-downgrade-of-boston-condos/#comment-168 How will all these new condos affect the value/market price of condos in the existing, older buildings when the new ones go to market and construction is completed? Will the old condos go up in value because the neighborhood has upgraded? Or will they go down in price because of the greater supply new units and more competition, so to speak? How will all these new condos affect the value/market price of condos in the existing, older buildings when the new ones go to market and construction is completed? Will the old condos go up in value because the neighborhood has upgraded? Or will they go down in price because of the greater supply new units and more competition, so to speak?

]]> By: Anthony Longo http://bostonrealestateobserver.com/temporary-downgrade-of-boston-condos/#comment-166 Anthony Longo Sat, 24 Nov 2007 18:17:53 +0000 http://bostonrealestateobserver.com/2007/11/20/temporary-downgrade-of-boston-condos/#comment-166 <p>Better! Downgrade to many....opportunity and excitement for most (I believe.)</p> Better! Downgrade to many….opportunity and excitement for most (I believe.)

]]> By: John K http://bostonrealestateobserver.com/temporary-downgrade-of-boston-condos/#comment-165 John K Wed, 21 Nov 2007 23:33:32 +0000 http://bostonrealestateobserver.com/2007/11/20/temporary-downgrade-of-boston-condos/#comment-165 <p>I don't know.</p> <p>Also add to the list of nearby condo projects 75 Clarendon Street, the 46-unit building located at ... 75 Clarendon Street. It will be severely impacted by the Columbus Center construction, which is why several of its residents have been so vocal in their opposition to the project (and its funding).</p> <p>Neighbors should also be concerned about groundwater issues. That stretch of Chandler street is notorious for its problems. Will all the new construction make things better ... or worse?</p> I don’t know.

Also add to the list of nearby condo projects 75 Clarendon Street, the 46-unit building located at … 75 Clarendon Street. It will be severely impacted by the Columbus Center construction, which is why several of its residents have been so vocal in their opposition to the project (and its funding).

Neighbors should also be concerned about groundwater issues. That stretch of Chandler street is notorious for its problems. Will all the new construction make things better … or worse?

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