Cameron Sperance Boston.com correspondent February 10, 2021 11:37 am
It’s a little too easy for some to say the luxury real estate market is taking a pandemic plunge: Bidding wars are now more of a thing in the suburbs than in the city. Developer Millennium Partners Boston significantly downsized the residential component of its Winthrop Center tower, slated to be the Financial District’s tallest, to include apartments instead of condos as a result of financing that nearly collapsed last year.
But Boston real estate circles still see plenty of runway in the upper stratosphere of home prices.
Just a few blocks from the Winthrop Center construction site, Houston-based developer Hines is underway with a mixed-use tower over South Station slated to arrive in late 2024 with a high-end housing component. Developers are also constructing luxury condo developments tied to the St. Regis and Raffles hotel brands in the Seaport and Back Bay, respectively. Both projects are exp
Pandemic fuels housing boom across state
Pandemic fuels housing boom across state
A small raised ranch-style house at 16 Ridgeland Road in Wallingford that was listed at $249,900 recently sold for $265,000. Photos by Dave Zajac, Record-Journal Advertisement
This house at 53 Timberlea Drive in Meriden that was listed at $169,900 recently sold for $180,000 in late November.
February 05, 2021 07:41PM By Mary Ellen Godin, Record-Journal staff
A small raised ranch on Ridgeland Road in Wallingford that listed at $249,900 and sold for $265,00 is just one example of housing demand that started in 2020 and continued into this year.
âAs soon as I get a listing, I get four to eight bids,â said Joe Criscuolo, owner of The Home Store in Wallingford, who sold the home in October. âItâs a great time to be a seller, but also itâs a great time to be a buyer with interest rates as low as they are.â
Cameron Sperance Boston.com correspondent February 3, 2021 5:00 pm
Amazon’s plan to add 3,000 jobs in yet another Seaport office tower is a gift for more than the struggling Boston office sector.
Boston may have lost out on the race for the Seattle-based tech giant’s second headquarters in 2018, but Amazon continues to deliver plenty of consolation prizes to local developers. WS Development is already underway with one Amazon building slated to employ 2,000 in the Seaport, and an additional 3,000 employees are now planned for a second tower next door.
It is certainly a boost to office development at a time when uncertainty clouds what the future workplace looks like, but residential developers also have reason to rejoice.
‘Things went gangbusters’: Connecticut housing market soared in second half of 2020
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Homes for sale in the Compo Beach area Thursday December 3, 2020, in Westport, Conn. In a projected seller s market for 2021, few sellers nationally will do better than those in the Greenwich-Bridgeport corridor according to Realtor.com, which is projecting a 7.8 percent increase in home prices amid a continued flight to the suburbs even as vaccines arrive.
Photo: Erik Trautmann / Hearst Connecticut Media
Sales and the median sale price of single-family homes in Connecticut surged in 2020, despite a slump in the second quarter when COVID-19’s economic impact began hitting the state and nation.