"Highlights: A Back Bay town house sold for $21 million, and an $18.5 million Beacon Street penthouse went under contract so fast it didn't even hit the market. A Marlborough Street brownstone sold for $11.5 million - more than half a million over asking."
"The last quarter did better than the rest of the year. For all these properties to go under contract just before and during Christmas tells me that people were on the sidelines and got tired of waiting; they want to get on with their lives."
"Location, as always, matters. Back Bay, Beacon Hill, and Brattle Street in Cambridge are strongest in the $10 million-plus range - be the property a single-family house, condo in a brownstone, or one in a standout high-rise. In the $10-15 million range, you're not compromising - you're choosing your preferred lifestyle, whether that's full-service building amenities, a private garden in a historic neighborhood, or turnkey modern luxury in a classic setting. Units in One Dalton, Raffles Boston, and Mandarin Oriental are maintaining their prices and doing well."
The holiday season produced notable activity in Boston's luxury market, with several $10 million-plus properties selling or going under contract during December. Transactions included a $21 million Back Bay townhouse, an $18.5 million Beacon Street penthouse that went under contract off-market, and an $11.5 million Marlborough Street brownstone that closed above asking. The final quarter outperformed earlier months as buyers who had been waiting moved to transact. Prime neighborhoods such as Back Bay, Beacon Hill, and Brattle Street in Cambridge dominated the top tier, where buyers prioritize lifestyle, amenities, and turnkey luxury.
Read at Boston.com
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