This St. Patricks Day, it won't just be glasses of green beer that are being raised high over in South Boston - the price of condos has also risen substantially over the past 6 years.
When working with clients, I always like to look at the prices over a 5-7 year period since that is the typical time that most people spend in a home.
Over the past 6 years the average price of a one-bedroom condo purchased in the January 1 - March 1 timeframe in South Boston (based upon information contained in the MLSPIN system) has risen 8.9%. Back in 2007 the average price was $272K and in 2013 it was $297K.
If you think that is impressive, in the same time period a two-bedroom rose 24% from $392K to $488K.
Thinking about buying a new home in South Boston? Just give me a call at 617 447-0709 or e-mail me at garydwyer@yahoo.com and we can get started right away.
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