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…

146 Views, 0 Comments


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…

106 Views, 0 Comments

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…

135 Views, 0 Comments



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. …

113 Views, 0 Comments

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…

89 Views, 0 Comments


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…

160 Views, 0 Comments

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…

159 Views, 0 Comments

Artificial Intelligence (AI) has been arguably the biggest disruptor of our society since the Internet itself.  As real estate professionals, my team and I often get asked about AI and how we feel it will affect real estate.  The 2024 Coldwell Banker Trends report takes a much deeper look into that topic.  

Though it is estimated the AI global market will grow by up to 54% year over year, as it makes information more readily available quicker than ever and especially cuts down on the translation time with international clients, there is no replacement for the human element in real estate.  The report also warns of the danger of trusting the technology too much, as the rise of deep fakes offers the potential for problems that a seasoned agent would…

160 Views, 0 Comments


Boston has no shortage of branded luxury buildings: The Residences at the Four Seasons, the Four Seasons at One Dalton, the Residences at the Ritz-Carlton, the Residences at Raffles Boston, the Residences at the Mandarin Oriental, the Residences at the St. Regis and more.  According to the 2024 Coldwell Banker Trends report, the branded luxury residential market is set to grow by 55% globally by 2026.  There are currently 324 branded luxury new construction projects underway worldwide, including the Ritz-Carlton Residences at South Station Tower, which is scheduled for completion in 2025.  

Worldwide, the Ritz-Carlton and the Four Seasons have the most active projects.  One of the latest trends has been fashion and jewelry houses collaborating…

207 Views, 0 Comments

Inventory in the luxury market increased in Q4 of 2023

One of the defining characteristics of the post-pandemic Greater Boston real estate market has been low inventory.  According to the 2024 Coldwell Banker Trends Report, there are some indicators that this may be changing.  During Q4 of 2023, the amount of new inventory in the luxury market increased compared to the same point the year before:

Luxury single-family home sale prices nationwide also increased by 3.9%.  So while the perception may have been that there was a shift from a seller's market to a buyer's, what the Luxury Institute of Home Marketing found in 2023 from analysis of 126 U.S. metropolitan markets was that 60% of them were still exhibiting signs of sales list-to-price…

125 Views, 0 Comments