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Boston real estate. Boston condos.



Archive for December, 2006


The Boston Real Estate Blog – another great year

I’m about to start a week’s vacation, but wanted to say thanks to all visitors to my blog.
I just sliced open my finger while cutting up vegetables for a birthday party, so this entry will be short, bloody short.
It was a great year for me, professionally. This blog brought me lots of business. [...]



Condo sales prices drop 1.8% in Nov; sales to 2003 levels

Single-family home sales dropped precipitously, in November, according to The Warren Group.
Condo sales, although lower than 2005 and 2004, were still at their 2003 levels, which were at historic highs, at the time.
“We’re still in a decline, but the slope is not as steep as it was in the summer and early fall,” said Timothy [...]



Economists: Boston real estate prices to drop 1.7%, next year

Moody’s Economy.com and Fiserv Lending Solutions have estimated where real estate prices will be, a year from now.
The Boston-Quincy real estate market, an ill-defined area (it’s a Census Bureau thing) is estimated to drop 1.7%, next year. In 2008, prices should increase a nominal 0.2%.
(I can live with that!)
This puts the area 78th out [...]



BRA approves new W Hotel mixed-use project

The Boston Redevelopment Authority gave approval to plans for a new W Hotel to be constructed at the corner of Tremont Street and Stuart Street, in the Theater District.
The new W Hotel will have 235-plus hotel rooms, approximately 123 residential condominium units, as well as 12,000 square feet of retail, restaurant, and spa uses. Underground [...]



Massachusetts’ population levels off, jobs & housing prices seen as culprits

Pretty much, Massachusetts’ population has stagnated at close to 6,400,000 residents, over the past couple of years.
Culprits? Some say a poor job market is to blame – according to the Boston Herald, overall, the state is still down 143,800 jobs, compared to 2001.
Others say people are moving away because of the high cost of [...]



Alexandra Hotel: This nightmare is not over yet

I was hoping, praying, that December 15th would bring closure to the Alexandra Hotel mess.
Nope.
The long and the short of it is, the hotel was in receivership, I think meaning that the city (the BRA) was suing to take ownership of the decrepit building, an eyesore at the corner of Massachusetts Avenue & Washington Street, [...]



Revere’s Ocean Club looks to be a success

The Ocean Club is a luxury midrise condominium project about to break ground in the most unlikely place – near Revere Beach.
The developer has signed reservations or contracts on 30 percent of its 42 units.
Construction is scheduled to commence during the first quarter, 2007.
Units range in price from $300,000 for a one-bedroom to $1,250,000 for [...]




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