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For $38m, a Boston penthouse where your neighbor is the sky
Real Estate The newly renovated condominium combines two units and captures views of the city skyline and the Charles River via walls of windows. The 7,848-square-foot home is on the 58th floor. Jack Vatcher The city lights viewed from Unit 5801 and 5802 at 1 Dalton St. in Boston are manufactured constellations beautiful in their own way. This expansive penthouse underwent a renovation the Lagasse Group completed this year, and here, that gorgeous view and the heavens above it take center stage. . – Jack Vatcher The property has five bedrooms, six full baths, two half baths, and a $38,000,000 price tag. Once two units, the property presents one stunning…
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Boston real estate market is ‘overvalued’
Jim Morrison — Boston.com Correspondent May 5, 2022 12:49 pm After two years of pandemic-fueled growth, the Greater Boston real estate market is “overvalued,” according to a report the global property information company CoreLogic released Tuesday. Selma Hepp , the company’s chief economist, said if home prices are growing at a 10 percent-faster pace than local incomes over a period of time, they consider the market overvalued. In March, real estate prices grew 11 percent faster than local incomes, pushing Boston just over the edge. To put it in context, during the summer of 1987, before a significant real estate correction, real estate prices were growing 144 percent faster than…
