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Archive for November, 2008
As we enter into the last month of 2008 (for some not soon enough). Do you as real estate blog reader have any predictions for the up-coming year.
* Will foreclosures bottom out?
* Will mortgage rates rise or fall?
* Will Boston condo buyers that are on the fence begin to buy?
* How will the luxury Boston condo [...]
11/30/08 |
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According to MLS data the Boston Waterfront is showing signs of strength. Comparing 1/1/08 – 11/30/08 with the same months in 2007.
2008 – Boston Waterfront
Number of condo sales – 103
Avg. list price – $1,126,433.00
Avg. sales price – $1,067,617.00
Avg. days on the market – 145.11
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2007 – Boston Waterfront
Number of condo sales – 91
Avg. list price – $944,830.00
Avg. sales [...]
11/30/08 |
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The following is from the Boston Business Journal regarding a Boston mortgage fraud scheme.
North Andover, Mass., woman who was an unindicted co-conspirator in what the government alleges was an extensive mortgage fraud scheme pleaded guilty Tuesday in federal court to four counts of wire fraud.
Elizabeth Son, 26, was a “straw” buyer in the operation, according to [...]
11/30/08 |
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Amy e-mailed me requesting 3 months sales data for Back Bay condos. Here are the results:
Back Bay sales from 9/1/08 – 11/30/08
87 Back Bay condo sold.
Avg. asking price $1,158,455.00
Avg. sales price $1,099,503.00
Avg. days on the market 113.06
* These numbers do not include the Mandarin per Amy’s request. She also requested to compare 2008 to 2007 for the [...]
11/30/08 |
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In the month of November 2008, 182 Boston condos sold and 216 Boston condos went under agreement according to MLS. Out of the 182 Boston condos that sold 8 were bank owned.
The average list price of sold condos was $429,955.00
The average sales price of condos sold was $408,883.00
Average days on the market: 108.88
6 out of the 8 bank [...]
11/30/08 |
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Today’s Boston Herald has an article written by Jerry Kronenberg regarding the changes in conforming mortgage rates.
As of Jan. 1, the jumbo-conforming limit for Eastern Massachusetts borrowers will fall to as low as $417,000, down from as high as $729,750 today. (Rates vary by county.)
That’s bad news if you need, say, $500,000 to buy or refinance [...]
11/30/08 |
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This morning, I took a walk down Boylston Street and I noticed a few changes that are taken place with retail shops. I was wondering, how many of these changes regarding commercial retail spaces are due to the residential real estate market?
334 Boylston Street – The building is vacant. This is the site that real estate developers want to build luxury condos. No [...]
11/29/08 |
8 Comments »
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