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Boston real estate. Boston condos.



Archive for September, 2007


Nouvelle at Natick

Nouvelle at Natick, the fashionable new condo complex currently under construction next to (and inside …) the Natick Mall, gets a closer look in an article in today’s New York Times.
On the site of the factory and a former Filene’s department store, once part of Natick Mall, 215 condominiums are under construction and set to [...]



Trulia: Spotlight on Boston

Trulia, the national listings website, puts its monthly “Spotlight” on the city of Boston.
The (brief) report (warning, .pdf) includes a “heat map” of what searches were most popular during the month of August.
Back Bay, one of Boston’s most upscale neighborhoods, was the most searched Boston neighborhood in August.
Median sales price in Back Bay is up [...]



Rising market indexes hit some borrowers, hard

Without a doubt, many people are being hit with higher mortgage loan payments each month, due to rising interest rates on their adjustable rate mortgage loans.
I’ve been running a weekly tally of loans that have gone into foreclosure, over the past month.
What I was surprised to find was that many loans going into foreclosure were [...]



Mezzo Design Lofts … have you heard of them?

Jeepers. Do you think this project has garnered enough press???
The Mezzo Design Lofts in Charlestown have been featured on Channel 2’s Greater Boston, in the Globe and Herald, and on the cover of today’s Boston Homes.
Prices for these “loft-style” homes are in the $320,000 – $699,000 range. Several are priced in the high-$100’s, [...]



Disturbing data released regarding Boston’s public schools

From today’s Globe:
Nearly half of Boston students fail to graduate from the city’s regular public high schools in four years, according to a new Boston school system report that examines the city’s growing dropout problem.
The 53 percent four-year graduation rate pales in comparison to the state average and even lags behind the average rate of [...]



Higher interest rates cause rioting in the streets

The Globe has a story out today about people facing higher home loan payments over the coming 18-months due to resetting adjustable-rate mortgage loans.

- click on image for full-sized photo
“I don’t know how I’m going to survive,” said Sana Masoud, a single mother facing a $600 a month increase in one of two mortgages she [...]



Growing up Brady …

Boston Homes has a feature story on Tom Brady’s property at 310 Beacon Street.
There are two condominiums for sale in the building, at $3.99 million and $4.59 million. The star quarterback will hold onto his penthouse home, at least for the time-being.
In a related story, Mr Brady’s gal-pal Gisele Bundchen listed her Manhattan home [...]



MLS search

The most popular activity on my site appears to be searching through our local Multiple Listing Service (MLS). Usually, 30-40 people a day do searches using this tool, which can be found in the right-hand column of this page.
What I’ve always been confused about is, why do people use it?
The “public” MLS search only [...]



Boston residential real estate condo sales, September 29, 2007

The following information is from the local MLS database, as of September 29, 2007, compared to (September 22, 2007).
Total # of condos for sale in the city of Boston: 2,469 (2,445)
Average # of days on market: 124 (124)
Median price of all condos for sale in the city of Boston: $385,000 ($379,900)
Average price of all condos [...]



Boston foreclosure report, week ending September 28, 2007

Twenty of your neighbors lost their homes to foreclosure this week, in the city of Boston.
Address, mortgage date, loan amount, property/loan details
347 Border St, East Boston, 2005, $396,000, three-family property purchased for $555,000, original loan was $111,000, refinanced at least once.
2-4 Ogden St, #2, Dorchester, 2006, 293,679.35, condominium, two loans taken out for total of [...]





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