The Global Luxury 2024 Mid-Year Report has found, after speaking with hundreds of luxury agents and consumers across the country, that optimism in the market as we move into Q4 and beyond is high.  Across the nation, the optimism is highest in the Northeast with 91.42% of people surveyed expressed this sentiment.  68.6% of agents are predicting prices will remain stable, and 60% are predicting slight increases in inventory - which is on track with how the market has been trending in the first half of 2024.  

Another reason to be optimistic about the market is the rate at which home buyers are paying cash: 32%, which is the highest rate since 2014, according to the National Association of Realtors (NAR).  There has also been a noticeable shift in…

46 Views, 0 Comments

Read Full Post

According to the Global Luxury 2024 Mid-Year Report, Boston was in the top 25 of cities across the nation with the growth percentage in the top 10% of homes sold increasing by 44% from 2020 to 2024.  Among the top 5% of homes, only Miami and Los Angeles had higher growth rates than Boston, which increased by 43.3% during that time.  There is a lot of consumer confidence and optimism among the top agents in the Northeast about the luxury market, particularly in the resilience of high net worth individuals to external economic pressures.  As consumers have adjusted to the new landscape of higher rates and prices, the luxury market in Boston has continued to flourish.

For a copy of the report, give me a call or text at (617) 875-8331 or email me at:…

84 Views, 0 Comments

Read Full Post

Coldwell Banker's Global Luxury Division has released the 2024 Mid-Year Report: Market in Review.  According to the data and research compiled over the last 18 months, the luxury market remains strong with prices and inventory up slightly, but definitively from 2023 to 2024.

With single family homes, the price has been up consistently every month in 2024 compared to the same month in 2023, with inventory increasing as well.  The average days on market is slightly higher at 29 days in 2024 compared to 26 days in 2023.  The trends indicate the single family homes market shifting from a balanced market to more of a seller's market.

The luxury condo market is indicating similar trends, with the price, $/sq ft and inventory levels up from 2023…

87 Views, 0 Comments

Read Full Post



According to Altos Research, the Boston metropolitan area is the most robust in the nation as of February 23, 2024.  It had an Altos Market Action Index Score of 60.59, a full point over the second-highest market in San Francisco.  Altos considers anything over a score of 30 to be a seller's market.  A factor in the state of the Boston housing market is certainly the low inventory: as of February 16, there were 1,753 active single family listings on the market as opposed to 4,537 just 4 years ago in 2020.  You can read more here.

As rates have stabilized and even decreased, more buyers are entering the market.  As this trend continues, the competition will only increase so if you are waiting, you'll be too late.  Thinking of buying, selling or…

187 Views, 0 Comments

Read Full Post


According to Boston Magazine in their annual "Best Places to Live" issue, the prices of housing in Boston have outpaced cumulative inflation rates from 2013-2023.  In East Boston, the difference is staggering: it rose by over 96%.  Owning a home in Boston is one of the best - and safest - ways to build wealth.  This is also a market that held its value during multiple dips in the housing market nationwide.  We all know the biotech and healthcare industries have invested heavily in Boston, with the numerous top-ranked universities in the area providing a large pool of high-end talent to recruit from, and that trend is only going to continue.

I encounter people all the time who wish they had bought before 2013, noticing how prices have gone up…

142 Views, 0 Comments

Read Full Post

As the 2024 market really gets going, we have seen a massive increase of buyer activity all over Massachusetts at all price points.  Bear in mind that in the last 81 years, home prices have only increased 75 times.  That means the market has only depreciated 6 times in 81 years and 4 of those years were during the housing crisis that began in 2008.  All signs indicate a very strong 2024.  Inventory is low, future new construction in the city is low - which is hard to believe after the last 10 years, but the Ritz-Carlton Residences at South Station is the only full-service luxury building currently under construction in the city - transactions were down by 25% in 2023 and the average sales price increased by 17% in 2023.  

If you are a buyer sitting…

174 Views, 0 Comments

Read Full Post



In a recent press release, government-backed corporation Fannie Mae shared their expectation that mortgage rates will drop below 6% in 2024 and the rate environment will be a more balanced one this year instead of the oscillations buyers have come to expect more recently.  With this announcement, a Fannie Mae survey also reported that buyers' optimism levels are the highest they've been in two years.

If you're waiting for rates to come down to make your move, it will be too late by then.  Every buyer is taking this approach and by the time this shift happens, the competition in the homebuying market will only increase - and prices will skyrocket along with it.  Now is the time to buy!  At the end of the day, you're buying a home, not a rate. …

146 Views, 0 Comments

Read Full Post

Boston's Back Bay has several zipcodes, and the 02115 area is mostly known for its hospitals, museums and universities.  But there is also a small group of luxurious and historic residences that have made it the most expensive zipcode in America from a $/sq ft perspective.  The average $/sq ft in 02115 was $2,663.  You can read more about it here.

The housing market in 02115 has been redefined by the opening of the Four Seasons at One Dalton.  There are 174 residences starting on the 24th floor of what has become Boston's tallest residential building.  Residents enjoy the Four Seasons amenities that are second to none and include: 24 hour concierge, doorman, separate owner's entrance, two restaurants including an exclusive owner's lounge on the…

117 Views, 0 Comments

Read Full Post


The number of international buyers purchasing real estate in the top 5% of the market saw an estimated growth of 25% from 2022 to 2023, despite the negative headlines.  The Coldwell Banker 2024 Trends Report research found a different set of circumstances in analyzing the top 5% of homes by price in the U.S. market.  The report notes that international buyers usually pay in cash, and are less affected by the fluctuations of mortgage rates.

The location within the U.S. varies based on the need of the buyer, whether it is purely an investment or if they are searching for a primary residence.  China, Canada and the U.K. remain at the top of the international market:

Boston continues to be a top destination for international buyers.  The…

187 Views, 0 Comments

Read Full Post

HENRYs are High Earners, Not Rich Yet.  Though the phrase goes back to 2003, it has come to describe Gen Xers and millennials who earn over $250,000 per year but just recently reached that threshold and haven't been able to accumulate a sustained track record just yet.  Their average age is 43, and they are expected to hit the luxury housing market within the next 5 years. 

HENRYs tend to favor online shopping, and search for real estate digitally above any other medium.  They also tend to live in major metropolitan areas, such as Boston.

The amount of HENRYs has increased by 13% since 2021, and that rise is expected to continue.  Therefore, the number of luxury homebuyers in the Greater Boston market is also set to increase by that amount…

192 Views, 0 Comments

Read Full Post