Press Releases

45 PROVINCE Records 100th Closing With Record Breaking $4m Sale

March 23, 2013

FOR IMMEDIATE RELEASE
March 20, 2013
 
Media Contact:
Shana Mancinho, Regan Communications Group
45 PROVINCE RECORDS 100th CLOSING
WITH RECORD BREAKING $4m SALE 
Recent sales highlight shifting Boston condominium market with high end buyers in Midtown
and continued growth in Midtown luxury condominium market 

(Boston, MA – March 20, 2013) – A record-breaking $4.010M sale at 45 PROVINCE   shows that the Boston residential real estate market in 2013 is not slowing down after exceptional activity in 2012. Particularly in the high-end market, recently released market data shows that sales are up 28% from this time in 2012.

The $4.010m sale at $1285 per square foot, which marks 45 PROVINCE’s 100th closing, already ranks as one of the top five highest condo sales in all of Boston to date for 2013. It is also the number one sale and price per square foot for Midtown in 2013, and the 3rd highest overall sale in Midtown since 2010.   This follows 45 PROVINCE’s December 2012 $3.450m sale, the second highest-grossing sale in Midtown in 2012.

45 PROVINCE is coming off a record year in 2012.   Sales at 45 PROVINCE are already up 80% over this time in2012 and 45 PROVINCE now represents approximately 38% of the entire Midtown $1M+ sales market in 2013,

“We are definitely seeing increased demand among buyer groups for the varied and exclusive homes at 45 PROVINCE, in particular buyers seeking larger city homes,” said Sales Director Wayne Lopez. “As the market continues to strengthen, and as our recent high-end home sales indicate, we are seeing homebuyers taking a more particular interest in luxury homes in Midtown.”

“We are so excited to mark our 100th closing with such a milestone that truly captures the emergence of the Midtown luxury condominium market,” added Audrey Epstein Reny of The Abbey Group, developer of the luxury condominiums at 45 PROVINCE. “While we are now at 80% sold, 45 PROVINCE still has over 28 distinct home plans offering something that meets homebuyer’s needs and diverse lifestyles.” 

 

Go back