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Boston condo prices out of control?

Posted by Scott Van Voorhis January 7, 2014 09:26 AM

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Would you pay $2,000 a square foot for a condo? Really is anything worth $2,000 a square foot?

Apparently the owner in waiting of unit 30E atop the new Clarendon thinks so, having put the unit under contract last month.

While the final price won't be out until the closing, the four-bedroom, three and a half bath condo was listed at $4,175,000, or $2,132 a square foot.

That's a shade below this penthouse at 100 Beacon Street, which sold for $2,571 a square foot in 2012. Beacon Hill is a whole other ballgame when it comes to crazy condo prices.

OK, I can remember writing about luxury condo developers in the late 1990s shooting for the $1,000 a square foot mark in the Back Bay. Really, it was a big deal then. Now that number is commonplace.

To put it into context, $2,000 a square foot is about eight to ten times what decent new suburban construction costs.

I am sure the views are great, but that's really outrageous.

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

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Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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