Earlier today I ran into Richard Drinkwater one of the top Boston real estate brokers in the city. Richard informed me that he was having a great year selling Boston luxury condos. The following are highlights from Otis and Ahearn’s web site on luxury real estate sales in Boston.
2008 – 7 record Downtown high data [...]

Boston Real Estate Broker
Matt Haywood who has worked for over 10 years in the real estate brokerage business with such companeis as: City-State Realty, ERA Boston Real Estate Group as Vice President and then with Campion and Company has decided to leave the industry. We wish Matt Haywood the best of luck in his [...]

I have my eye on the Boston real estate market to see how many Boston properties are going under agreement since the bailout crisis. The following is based on MLS data.
245 Boston properties went under agreement in the last two weeks.
36 Boston single family homes went under agreement with an average list price of [...]

I wanted to find out if the government bailout is having any impact on our local real estate market. I conducted an informal survey on the attendance of yesterday’s Sunday Open Houses. The results are as follows:
Boston Proper
$175,000 – Studio condo open house conducted by Melane Collard William Ravis Realty. Attendance 5
$299,000 – Studio condo [...]

The word on Beacon Hill is that Todd English (Owner of several well known restaurants) who purchased a Beacon Hill townhouse on Chestnut Street is in a lawsuit with the seller and his Charlestown real estate broker. The lawsuit is about the dried-out pilings beneath Todd English’s multi-million dollar townhouse that he discovered while renovating [...]

Are you finding it hard to sell your home? The newest idea is to raffle your home instead of using a real estate broker. I’m not sure about this one but I’ll let you decide.
“The raffle idea had come to her in a burst of inspiration, she said. But she is not the only homeowner [...]

Comparing August 2007 South End condos sales with August 2008.
August 2007
Number of Sales – 85
Average List Price – $603,192.00
Average Sales Price – $591,387.00
Average Market Time – 90.36 days
August 2008
Number of Sales – 76
Average List Price – $636,444.00
Average Sales Price – $626,725.00
Average Market Time – 92.11 days

The bad news from the Associated Press “New home sales tumbled in August to the slowest pace in 17 years, while the average sales price fell by the largest amount on record, demonstrating the depth of the problem that Washington is trying to solve.”
The good news: Boston proper condo sales prices still remain strong according [...]