LuxBeat Local Real Estate Professionals discuss rumors, facts and opinions on Luxury Real Estate in Boston, MA and Providence, RI

The prices at the Ritz Carlton in Boston continue to climb.  Sales are being recorded at $1,500+/foot for units on high floors with premium views.  With all the new construction pricing around the city, The Ritz is becoming more and more valuable.  Construction costs have gone through the roof and therefor developers are forced to sell at prices in the $1,000 to $2000+(Mandarin Boston) price range.  This in turn pulls up the pricing in pre existing properties around the city. Condos at 3 Avery, which is the low rise portion of of the Ritz Residences, are also seeing an uptick in pricing and activity.  What was once $600 a foot two years ago is now approaching $800/foot. The best recource to see evidence of this pricing increase is to look at our sales grid.(http://www.luxuryboston.com/Ritz-Carlton-Condos)

In my honest, professional opinion, I see prices for the premium units at The Ritz approaching $2,000/foot in the very near future(2-3 Years).

In the recent weeks I have had the opportunity to preview The Clarendon(<---click to see floorplans and pricing) on the corner of Stuart and Clarendon.  With over 30 floors, this Boston luxury condo and apartment property could prove to be one of the best newly constructed luxury condo buildings in Boston. Along with The Bryant, it is constructed with concrete between each floor.  Although costly to the developer, in the long run, it should prove to be more durable, valuable and sound proof.  The ceiling heights at The Clarendon will be close to 10 feet and units will boast floor to ceiling windows.  Add an Equinox managed gym, a top of the line restaurant and gourmet market this under construction luxury condo and apartment building is 100% worth a look.