Parris Landing
Parris Landing
Designed by world-renowned design icon Phillippe Starck, Parris Landing is a luxury project located in the Charlestown Navy Yard with beautiful Boston skyline views. With its close proximity to the financial district, you can actually take a water taxi which stops only a few steps from the property. You will be sitting at your desk while your co-workers are sitting in traffic.
Features and Amenities:
- Fitness Center
- Club Room
- Billiards Room
- Business Center
- Outdoor Heated Pool
- Garage Parking
1 Bedrooms from $324,900
2 Bedrooms from $499,900
If you are interested in viewing this property or ones similar, please feel free to contact me!
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Dear Ms. Bostonco:
In this market would you buy a condo or rent? Are prices getting lower in the Condo market? Isn’t there some price point where it just makes more sense to rent until prices come down? And do you think we have hit bottom in this real estate market?
@ grhrothgar –
Thank you for the question. It is definitely a buyer’s market – simply put if you are in a position to buy then you are in a great position. While Back Bay pricing has slightly increased the surrounding areas have slightly decreased. One could attribute this to the recent construction and selling of high priced units in Back Bay’s Mandarin and the upcoming W Hotels.
While prices may be up in the Back Bay the room for negotiation is huge. People are buying units at unheard or prices — which gives me an idea for a feature – steal of the month.
As for pricing falling any lower — How does one predict the bottom? You really can’t. Prices may decrease some but you must also consider what if they do not. What is the cost of waiting?
Study history – look at past trying times and how real estate moved – the depression or even the late 80’s. Investing in real estate is like a roller coaster, its up its down and while you may be able to predict the next turn – one can never be too certain.
Here’s what you ultimately have to consider:
– right now prices are fantastic regardless if they go down a bit more or not.
– if it is a long term investment then in the tradition of real estate prices will increase thus making you a profit.
- the issue with renting is you never own the end product, that is fine with short term since who knows how long the renter will be in the area for.
Personally I would rather put $2500 towards a mortgage on property that I own rather than $2500 towards another persons mortgage and have nothing to show for it at the end.
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