What’s the Market Reports of CRP condos?
A look at the five-year historical data shown on this page clearly indicates that the future indeed looks bright for condo values at CRP. Over the past five years, values for all unit types increased year-to-year. The only exception in the five-year period was in 2006 when two-bedroom units experienced a slight decline in value. Contributing factors were the emergence of competing communities offering condo conversions fitting the same price range as CRP two bedrooms: In 2005/6, Regatta Riverview in East Cambridge, 1/4 mile away, and Parris Landing in Charlestown put approximately 300 two bedroom condos on the market. These units were completely absorbed in 15 months. Now, when in 2006 CRP two bedrooms were slow to sell, all that were then on the market have sold.

CRP is a niche community. It has distinct reasons for being and among those reasons is that it serves the medical and financial communities as well as those discerning people who love living in the city but want the sense of living in a park. There is no property other than CRP where residents can live affordably within five minutes of either industry as well as avail themselves of the closely accessible beautiful parklands. These facts, coupled with the limited number of CRP condos which change hands every year, combine to support an increased demand for a limited supply. Niche properties historically benefit most in strong markets and suffer least in declining markets.

Additionally, construction of new rental buildings is breathing new life into CRP and into the entire West End. With new residential construction comes new infrastructure and several new consumer oriented establishments have already been planned and permitted. It is the beginning of a new era in Boston’s West End.

At the end of the day, high demand, low supply, close proximity to work a 'big bang for the per-square-foot buck,' along with numerous lifestyle amenities will continue to lift out Charles River Park values for the foreseeable future.

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Is buying in CRP a good investment?

A review of the MARKET REPORTS article on this site provides evidence of sustained price appreciation over the past five years and projects continued price over the foreseeable future. Anytime there is high demand, low supply and desirability of locale, prices rise. This is the case at CRP. If you are a resident owner, you want to buy into a property that has staying power over the long term and CRP has proved it has staying power.

Another example that CRP condos make very good investments is the fact that in the Hawthorne Place Association, almost 67% are owner occupied. This means 33% are owned by investors. In the Whittier Place Association, the percentage of owner occupants is 76% and 24% are owned by investors.

Even garage parking spaces at CRP are good investments. Purchasing a space for the average selling price of $50,000 yields about a 5% annual Return On Investment. ($50,000 acquisition cost. Rent $300 per month less $90 monthly garage fee = net monthly income of $210 x 12 months = $2750 per year = 5.5% ROI). Not bad and no landlord calls at 3:00 in the morning with a plumbing problem!

Also noteworthy is that CRP maintenance is available 24 x 7 providing absentee investor/owners with onsite resolution of unit issues. Additionally, we offer absentee landlords rental and property management services.

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For Sale

	2 Hawthorne Place 7H- 1BR,1BA	$372,000	899 sq ft
	Spacious & beatifully maintainted 1BR home. Move right in!
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	6 Whittier Place 10N- 2BR/2BA	$559,000	1205 sq ft
	Spectacular ! Gorgeous Renovations - Hardwood floors , stanless appliances, closets by design
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	6 Whittier Place 9J- 1BR, 1BA	$376,000	895 sq ft
	Enjoy both garden and city skyline Views of The Zakim Bridge and The Custom House Tower from this sun splashed, 895 square foot, 1 bed with home office alcove.
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	9 Hawthorne Place 7A- 1BR, 1BA	$408,900	942 sq ft
	Come enjoy the West End at its finest!
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	8 Whittier Place 23F- 1BR/1BA	$399,900	908 sq ft
	23rd floor quiet 1 Bedroom Unit with enclosed finished balcony.
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	8 Whittier Place 4J- 1BR, 1BA	$410,000	942 sq ft
	The largest one bedroom floor plan in Whittier Place.
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	6/8 Whittier garage parking space #79	$43,000
	Garage parking space available for sale at 6/8 Whittier
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	8 Whittier Place 21D- 1BR/1BA	$399,000	942 sq ft
	Seldom available high floor one bedroom D unit, with east exposure overlooking lush gardens and courtyard.
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	6/8 Whittier Place garage parking space #23	$43,000
	1 garage parking space available to purchase
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	6/8 Whittier Garage parking space #52	$43,000
	Garage parking space located at 6/8 Whittier Place
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