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Archive for April, 2005


How Not to Behave at an Open House

Great story about open house
disasters.  I haven’t heard many shocking stories about open houses in Boston, but I’ll see
what I can find out.
By Teri Karush Rogers, New York
Times

As
some brokers see it, displaced anxiety or even rage is causing a higher proportion of buyers -
battered by high prices, low inventory and jugular bidding wars – to [...]



For sale by owner: A dangerous way to do business especially with a psycho broker

This is an adorable story about a real estate agent who went nuts on a
prospective client, while checking out his for-sale-by-owner at an open
house.
From Property Grunt

The
couple advertised the open house, and Gia Wang, an agent with Prudential Douglas Elliman, was one
of several brokers who showed up to look at the apartment. It is common for [...]



New York’s Real Estate Know-It-All

Sh-h-h-h – don’t tell anyone about
this story, lest they get any ideas of creating a real estate blog, here in
Boston.

New York’s
Real Estate Know-It-AllBy Jesse Hempel, Business Week

Lockhart Steele’s Curbed.com blog is a magnet for anyone looking
for the lowdown on the industry’s Gotham gossip
Brokers might tell you
about the two-bedroom co-op boasting panoramic city views from Lower [...]



Home Starts fall an alarming 17.6%

Everyone was up in arms about this,
yesterday.  I think all of the reporters miss an important point (although I haven’t thought
this through, yet) – How is a lower number of home starts a "good" thing?  There are
so many buyers waiting to buy, right now.  Lowering the number of potential homes for sale
ain’t gonna help them [...]



Seeking Nest Eggs, Investors Buy Nests

Good story, in the New York Times, about people buying
investment properties.  It’s about people in New York City, but it’s relevant for us, here
in Boston, as well.  Boston has always been a good market for investing in rental properties,
although things definitely slowed down for the past couple of years, as people bought instead of
rented.  Still, [...]



In Real Estate Fever, More Signs of Sickness

This is a good article, from the
Washington Post.  It’s about real estate in the Washington DC area, but the points it makes
are relevant to us here, in Boston, as well.  It pretty much says what everyone else is saying
(parts of which I don’t agree with, by the way) – that the real estate market seems [...]



Weekly Boston Real Estate Sales and Listings Update, April 22, 2005

Below is a report of sales and
listing activity for the past week.

Information is derived from LINK, the online
database that is used by most Boston real estate agents.
New listings:
256
Back on market (listings that went under agreement but deals fell through): 8
Price changes (almost always downward, but some go up): 133
Under agreements: 160
Off market (variety of reasons, [...]



Links of the day

Stories in the news,
today:
Complete article:href=”http://www.usatoday.com/news/nation/2005-04-19-gentrification_x.htm?POE=click-refer”>Gentrifi
cation  helps everyone
Everyone knows gentrification
uproots the urban poor with higher rents, higher taxes and $4 lattes. It’s the lament of community
organizers, the theme of the 2004 film Barbershop 2  and the guilty assumption of the yuppies
moving in.
But everyone may be wrong, according to Lance
Freeman, an assistant professor of urban planning at [...]



Fenway development: The Trilogy

I am getting a bunch of hits from people doing research on
the Trilogy project, in the Fenway.
I don’t have many specifics.  However,
first off, you should be aware that this is an apartment building, not condos.
There
have been plans announced for a condo project where the McDonald’s and Domino’s pizza shop are,
but it’s way too early for [...]



I don’t agree with what those two real estate articles are saying

I will have to do some research on this, but my
first reaction to the two stories, below, from the Boston Herald, is that they are not reflective
of what’s really happening out there, right now.
First, any suggestion that
Dorchester isn’t hot hot hot is just plain wrong.  I’ve been there extensively over the past
month, and the amount [...]



Let's talk Boston real estate. The most recent real estate comments

  • sikka kaamna greens, Millennium vows to build a tall tower in the Big Hole: Thank you for providing useful...
  • Rich, New plans unveiled for Herald’s old South End site: My wife wants to see either a Whole Foods Market or a...
  • Rich, Downtown Crossing’s Big Hole to be filled?: This is of course good news. However, let’s not get too...
  • Seyi, Offer to purchase can be binding: I agree Gerry, I uusllay flag my listings until the home inspection issues...
  • Gloriane, Boston condo sellers: Can they specify a lender with an offer?: BS low – ratioalinty high! Really...
  • JohnF, Charles Street Retail Space Available for Rent: Thanks Bill, I spoke with your wife and I’m sure we can...
  • Bill, Charles Street Retail Space Available for Rent: I am looking for a small retail street level retail space for...
  • Funny, Rents hit record high in Boston: It’s not just Boston. Did you know rents in Worcester for a small 1...
  • John Ford, The economy and the local real estate market: Good info – thanks Nemo
  • Funny, To paraphrase Tom Brady: Mass. homes sales sucked in 2011: Imagine what would happen if 10-15% was shaved of...
  • Nemo, The economy and the local real estate market: The Labor Department does have a rate that includes all workers...
  • John Smith, A message from a Boston Real Estate Mortgage Broker: Thanks for your valuable post.I would like to know...
  • Rich, MetLife exits large portions of the mortgage business: MetLife is a very clever operator. In 2006, they sold...
  • Rich, Why the Fed didn’t see the housing crisis coming: Oh please. After the dot-com crash of 2000, the NASDAQ...
  • Funny, Is home ‘ownership’ a fraud?: smells of a gold digger. Next step is how we’re really all...
  • Suburban reader, Is home ‘ownership’ a fraud?: Incomprehensible indeed. It seems (I think) to assume that...
  • Rich, Is home ‘ownership’ a fraud?: I found the article incomprehensible.
  • SeanMarkup, ‘Back to 1990s home prices?’: Bangalore real estate prices are kissing skies day by...
  • Jaypee Kosmos, Beacon HIll Restaurant Space Available: Thank you !!! nice information found here… Jaypee Kosmos
  • Will F., I found the 1% and it’s not in Boston: This is true… Washington DC is a city of 600,000+...

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    Boston neighborhoods



    Boston Real Estate / Boston Condos



    Click on the links below for Boston condo neighborhood sales listings

    Boston Back Bay Condos

    Beacon Hill Condos

    Boston Charlestown Condos

    Fenway Boston Condos

    Boston South End Condos

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    Boston Back Bay Condos 3rd Q 2011





    Back Bay Condo Sales 3rd Quarter 2011 - 150. Number of Back Bay condo sales in the 3rd Q of 2010 - 126

    Back Bay average condo sales price in the 3rd Q of 2011 - $974,258.00. Back Bay average condo sales price in the 3rd Q of 2010 - $944,320.00

    Back Bay condo 3rd Q 2011 sales price per square foot $736.88 Back Bay condo 3rd Q 2010 sales price per square foot $731.88

    Boston Back Bay condos days on market 3rd Q 2011 - 125 Boston Back Bay condos days on market 3rf Q 2010 - 106 Back Bay condo sales stats Jan - Sept 2011:

    Number of Back Bay Condo sales Jan through Sept - 334

    Avg Back Bay condo sales price - $1, 173,927.00

    Med Back Bay condo sales price - $795,000.00

    Avg price per square foot - $780.00

    Days on market for Back Bay Condo - 131

    Back Bay Condos - Sales Stats 2011



    Back Bay Condo Sales form April 1, 2011 - May 1, 2011 - 27

    Avg. Back Bay condo sales price - $1,324,226.00

    Med. Back Bay condo sales price - $1,210,000.00

    Back Bay condo sales price per square foot - $787.00

    Avg. days on the market for Back Bay condo - 184

    Boston Back Bay condos sold from Jan 1, 2011 - April 28, 2011 - 105.

    Average sales price for a Back Bay condominium in 2011 - $1,317,969.00

    Median sales price for a Back Bay condominium in 2011 - $865,000.00

    Average price per sqaure foot for a Back Bay condo in 2011 - $805.00

    Average days on the market in 2011 for a Back Bay condo - 153

    Back Bay condos/real estate sales for the 1st Quarter of 2011:

    Average Back Bay condo sales price - $1,290,181.00

    Median Back Bay condo sales price - $828,895.00

    Average Back Bay condo sales priec per square foot - $804.00



    Back Bay Condos Sold Jan 1, 2011 - April 16, 2011

    Back Bay condos sales - 97

    Average Back Bay condo price: $1,407,795.00

    Median Back Bay condo sales price: $852,500.00

    Average price per square foot for a Back Bay Condo $863.00

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    Back Bay Condos Sold 2011

    Back Bay condos sold: 50

    Average Back Bay condo sales price:$1,367,003.00

    Median Back Bay condo sales price: $953,750.00

    Average Price per $/SF: $806

    Average days on the market for a Back Bay condo: 124

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    Beacon Hill Condos Sales Stats 2011





    Beacon Hill condos sold form Jan 1, 2011 - April 28, 2011 - 37

    Average Beacon Hill condo sales price - $799,809.00

    Median Beacon Hill condos sales price - $560,000.00

    Average price per square foot for a sold Beacon Hill condo - $704.00

    Average days on the market for a Beacon Hill condo to sell - 165

    Beacon Hill condo sales 2011 Jan - Mar

    Beacon Hill condos sold

    Avg Beacon Hill condo price $823,500.00

    Med. Beacon Hill condo price $524,500.00

    Avg. price per sq ft. Beacon Hill condo $632.00

    Avg. days on market Beacon Hill condo 222

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    Boston Condos Brighton Sales Stats 2011





    Boston Brighton Condo sales - 25

    Brighton condo avg. sales price $259,510

    Brighton condo med. sales price $262,000

    Brighton condo price per sq ft $283.00

    Brighton condo days-on-market 90

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    Boston Condos Charlestown - Sales Stats





    Charlestown condo sales - 25

    Charlestown average condo - $545,019

    Charlestown median condo - $470,000

    Average price per sq ft Charlestown condo $458.00

    Average days-on-market 123

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    Fenway Condos Sales Stats 2011







    Fenway Condo Sales 2011

    Fenway condo sales 7

    Average Fenway condo price $292,500

    Median Fenway condo price $282,500

    Fenway price per sq ft $435.00

    Fenway days-on-market 237

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