---
title: DiMella Discusses Rising Condo Prices with Boston.com
description: Where are condo prices rising fastest in Greater Boston? Michael DiMella shares his insight into the market.
---

[CHARLESGATE Blog ](https://www.charlesgate.com/blog)

# [DiMella Discusses Rising Condo Prices with Boston.com](https://www.charlesgate.com/blog/2016/02/14/dimella-discusses-rising-condo-prices-with-boston-com)

 Written by [Michael DiMella](https://www.charlesgate.com/blog/author/michael-dimella) | Feb 14, 2016 5:00:00 AM

[Michael DiMella](https://charlesgaterealty.com/about/michael-dimella/), managing partner at Charlesgate, recently spoke to [Boston.com](http://www.boston.com/real-estate/news/2016/02/05/where-condo-prices-are-rising-fastest-greater-boston) about the rising condo prices in Greater Boston. Working with buyers, sellers, and investors throughout Boston’s many [neighborhoods](https://charlesgaterealty.com/boston-neighborhoods/), he has firsthand knowledge of where the market is going. The median condo price in downtown Boston neighborhoods hit $775,000 by the end of last year and new development should make this number even higher as we go through 2016.

As DiMella points out, demand is still strong even as prices rise in most areas. “Bidding wars have moderated a little, but we saw 35-40% of Boston city neighborhood condos sold last year go over asking price,” noted Michael. Neighborhoods such as South End which have seen a flurry of new developments like [The Lucas](http://info.charlesgaterealty.com/the-lucas) have seen sales increases of 27%.

[Read entire article](http://www.boston.com/real-estate/news/2016/02/05/where-condo-prices-are-rising-fastest-greater-boston) to find out where condo prices are going in other neighborhoods. You can also download out monthly market stat report which outlines a variety of stats like price, days on market, and other key factors of Greater Boston neighborhoods.

<http://cta-redirect.hubspot.com/cta/redirect/949/fd90e970-5522-420b-9381-167a5217d779>

[View full post](https://www.charlesgate.com/blog/2016/02/14/dimella-discusses-rising-condo-prices-with-boston-com)

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