By: Don Allan, Agent Relations Manager
During the six months we have spent here at Brownstone Insurance as Agent Relations Managers, something has become very apparent to us -- the size of the condo market here in the city is growing at a staggering rate.
"What housing crisis? Boston’s condominium market soared in the first five months of the year, rising 22 percent compared to a year ago, fueled by a frenzy of sales in Jamaica Plain, South Boston and the downtown neighborhoods, according to The Warren Group," explained Thomas Grillo of the Boston Business Journal.
The city's condo market has been growing in this manner since the turn in the early 80's and because of the high demand to live in the city, many new condo developments continue to be built and old buildings converted.
This is also true of the rental market, as Boston is not far behind some of the country’s most expensive cities to live in, such as San Francisco, L.A. and of course Manhattan. I personally have been researching South Boston for the last six weeks and found that listings come off the market as fast as they are added. Most aren’t listed longer than a day or two.
So with all this activity in our own backyard, who is taking advantage of the insurance needs? It’s no coincidence that Brownstone is celebrating its 30th year as the top contender for your condo markets. We have the products and the experience to assist you and your clients just as fast as this market is moving.