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Archive for January, 2006


Community group looks to open retirement home for local gay men and lesbians

Stonewall Communities is close to announcing an agreement to purchase the property at 9 Miner Street, in the Audubon Circle neighborhood, near Kenmore Square, according to a story by Daniel Friedman in the Boston Courant (article not online, unfortunately).
According to the Stonewall Communities website, the not-for-profit’s goal is to create “a residential community located in [...]



How does Boston rank in work income?

Not too shabby.
Average weekly wages, by county and state:
County State 2003 Wages 2005 Wages
New York NY $1,250 $1,350
Santa Clara CA $1,224 $1,316
San Mateo CA $1,127 $1,267
Arlington VA $1,092 $1,257
Washington DC $1,150 $1,236
Fairfax VA $1,044 $1,177
Suffolk MA $1,039 $1,170
Fairfield CT $1,074 $1,169
San Francisco CA $1,051 $1,162
Of course, all of our money goes towards [...]



Do you own your own home? Are you sure?

Sometimes, things make sense. Sometimes, they don’t.
I’m not a fan of historic preservation. Not at all.
Here’s a worst-case scenario, for you.
Old man lives in a house, with his elderly mother. Decides to sell his property. Apparently, there were no zoning issues, or anything of the sort, at least they weren’t mentioned.
No, [...]



Rising property taxes – what can we do about them?

IProperty taxes have risen over the past ten years, by 50%, I believe, for homeowners in Boston. This is due to increases in property values, not to increases in the tax rate. (So, a property assessed at $250,000 in the early 1990s is now assessed at $500,000.)
Commercial real estate is taxed differently, based [...]



A nightmare of epic proportions

Ouch.
A family finds what seems to be a perfect home. Within hours of closing, however, the husband and wife discover there may have been a huge oil tank leak, something not disclosed by the sellers.
Unfortunately for the young couple, their newly purchased single-family home … was an environmental time bomb.
“Our first night there we [...]



Neponset Place Condominiums – new development in Dorchester

Just got mail from the developer behind the Neponset Place Condominiums, located at 48 Coffey Street, in Dorchester.
Looks to be a condo conversion. Forty condos, 25 one-bedrooms (725 +/- square feet) and 15 two-bedrooms (925 +/- square feet).
Prices? Mmmm. $219,900 for one-bedrooms, $269,000 – $279,000 for two-bedrooms.
They took the time to put [...]



Back Bay real estate averages $800 / SF – do the math

I went at open houses in the Back Bay, yesterday, with a client. We were looking for “cheap” studios, something under $300,000. There are twelve units on the market, in this price range.
We stopped by a property on Beacon Street. This building had been converted from a single-family, or rooming house, I [...]



After “Melinda and Melinda”, I believe it …

Film director Woody Allen has moved from a $25,000 per month rental to a single-family home, in New York City.
The ink just dried on his $25.9 million townhouse contract, as The New York Observer reported on Jan. 19.

In 1999, Mr. Allen and his wife, Soon-Yi, purchased a 40-foot-wide Carnegie Hill mansion for $17.7 million. Located [...]



Housing Tracker provides data on asking prices, inventory for Boston housing market

Great website with data on the Boston housing market.
You can find out average list prices now, versus three, six, and twelve months ago, as well as trends in prices and inventory levels.
The more information, the better. I hope he adds median list prices, as well as sold data, as these are as important.
Also, the [...]



Where will old people go before they die?

Suppose you’re about to turn 65 you’re going to retire, and you have a lot of money. Or even better, you’re turning 62, 57, or 55 and have enough set aside to retire, now (I’ll be 80 years old before I retire, based on my financial advisor’s calculations).
Do you want to move? Where? [...]



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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    ------------------------------- Beacon Hill Real Estate: Retail Space Available

    Charles Street

    Commercial Retail Space Available

    For leasing inquiries contact

    Linda Mitrano at 617-512-4557.


    New Beacon Hill condo

    New Beacon Hill condo furnished listing for rent

    Offered at: $3,000.00

    Two bedroom hardwood floors, laundy in the building, common roof deck.

    More information call Linda Mitrano at 617-512-4557.


    Classic Beacon Hill Duplex Condo

    Including Income producing In-Law Apartment. Two units for the price of one.

    Offered at: $879,000.00

    Gracious parlor level living area offers open floor plan, fireplace, dining area,revovated kitchen with custom cabinents.

    Lower level offers master bedroom with full bath and laundry. Includes a second bedroom with half bath. This unique condo also features a two level In-law apartment with a seperate entry. One car deeded parking space.

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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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