It makes sense, the individuals who waited and did not purchase last year are now in the market and with very low inventory they are battling to get into the market
Boston, MA (PRWEB) March 20, 2007
The Boston Real Estate Market is as hot as it has ever been. Sunday open houses have been jam packed and a multitude of 'over asking' offers are creating a buzz in this downtown real estate market.
This past week condoDomain.com, the Boston based Internet marketing firm for condo developer's toured a dozen open houses to witness the commotion. "From new construction condo developments to re-sale open houses, the condo market seems to be back and bigger than ever," noted Anthony Longo, Founder of condoDomain.com. Anthony even joined in on the frenzy and put an offer in on a unit in Boston's South End. However, his $5,000 above asking offer was not good enough and the condo was put under agreement later that day.
This weekend there were numerous reports of condos that went under agreement for above asking in Boston. "It makes sense, the individuals who waited and did not purchase last year are now in the market and with very low inventory they are battling to get into the market" said Longo. condoDomain.com's nationwide network of real estate agents and bloggers also chimed in noting condo markets such as Seattle, San Francisco, Manhattan and Atlanta were experiencing similar trends.
Last week, condoDomain.com put out a report detailing condo buyer demographics in which they had taken a poll on in the previous month. The statistics noted that the average condo buyer was searching for their new condo online. These online condo demographics stated that condominium buyers were young professionals (46%), looking to purchase and move into it the unit as a primary residence (78%), and they want to move into a high-rise (45%) under $450,000 (73%). For more information on this report please visit http://www.condoDomain.com.
condoDomain.com is a privately held, Internet marketing company serving the real estate industry that is dedicated to city living and the condominium lifestyle. Unique to the real estate industry, condoDomain.com is an independent resource, bringing together buyers, brokers and developers of condominiums in one place. Buyers benefit from a comprehensive resource that enables them to research market news, view properties and get relevant information about urban living. Brokers and developers have an additional, premier venue with multimedia options, to promote their properties to a sophisticated, highly targeted audience. condoDomain.com LLC also promotes Internet consulting and advanced Internet marketing initiatives for onsite sales & marketing companies supporting developers nationwide. Visit http://www.condoDomain.com to learn more.
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