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To add to this, in Boston we are seeing a divergence between the condo and single family real estate market. Condo prices are way up, but single family prices

by lumost 5y ago

To add to this, in Boston we are seeing a divergence between the condo and single family real estate market. Condo prices are way up, but single family prices are down. Based on anecdotal experience, I suspect that people who wanted the single family lifestyle are leaving the city whereas those who want the city lifestyle are entering. Remote work means you don't need to choose where you live based on commutes. Similar to the Bay Area, around here there are suburban campuses which are impractical to commute to from the city. I'd be curious of there is a similar effect in SF causing specific single family neighborhoods to empty out.

wahern 5y ago
> I'd be curious of there is a similar effect in SF causing specific single family neighborhoods to empty out. Single-family home prices have been on a tear the past year, and for 2020 prices flattened rather than drop. Condominiums took a huge hit in 2020 and have only recently recovered to their 2019 levels. I don't know if actual families (or couples looking to start a family) are moving into those homes, though.