Sales of newly constructed homes fell 10% in January, sinking to the lowest level on record, according to a government report released Thursday.
The U.S. Census Bureau reported that new home sales fell to a seasonally adjusted annual rate of 309,000 in January from a revised 344,000 in December. It was the lowest level [...]

I just made an inquiry on two luxury condo developments for one of my clients that I like to share with you.
Boston Luxury Condo Development Update
400 Stuart Street – Clarendon Condos
101 condos (orginally 103 but some were combined)
28% sold/under agreement
Opening date late September or early October 2009.
45 Province Street – Province
138 luxury condos
30% sold/under agreement
Opening [...]

According to MLS 93 new Boston condo sales listings came on the market in the last 24hrs. Inventory is on the rise and as of today’s date it’s up to 1,758. Just a couple of months ago Boston condo inventory was between the high 1400’s to low 1500’s. The average list price for today’s new [...]

I’m doing my best to help the economy. I’m seeking one real estate agent for my Midtown office at 151 Tremont Street (across from the Boston Common)
The new hire would obtain a 60% commission split on all sales and rentals. I would also provide provide you with 5 internet sales leads per week.
If interested please [...]

This is from Urbandigs.com
With Citibank charging $3 for ATM fees at their E 86th / Lexington branch, I could have purchase 1.6 shares of the glamorous Citigroup common stock instead – although I think the end result would be the same. Quite telling isn’t it. Citigroup common stock is trading as if the [...]

The following information was obtained by LINK:
January Sales:
Jan ‘07 median price Boston Waterfront condo – $1,100,000.00
Jan ‘08 median price Boston Waterfront condo – $567,500.00
Jan ‘09 median price Boston Waterfront condo – $768,500.00
I know you can’t read too much into this since it’s been based only on one month. I still thought it was interesting.
How [...]

Sales of existing homes fell in January to their lowest levels in nearly 12 years, with a real estate group saying buyers delayed purchases in anticipation of government programs to boost the housing market.
The National Association of Realtors said Wednesday that existing home sales dropped 5.3% last month, to a seasonally adjusted annual rate [...]

Today’s Wall Street Journal has an interesting article entitled: “Renters Lose Edge on Homeowners” subtitle “Cost Gap returns to Historical Norms in Some Markets as Home Prices Drop.”
The article is about how the relative cost of owning versus renting is swinging back in favor of homeownership. So here’s my thought or question, does it make [...]

From the Boston Globe:
The S&P/Case-Shiller index shows Boston housing prices dropped 1.3 percent in December, from the month before – the smallest price drop of any of the 20 cities monitored by the national index. Since the housing peak in September 2005, home values have fallen about 16 percent in Boston, while places such as [...]

Comparing January 2008 to January 2009 list price for Boston proper condos.
January 2008 Avg. List Price – $850,936.00
January 2009 Avg. List Price – $694,936.00
Boston proper includes: Back Bay, Beacon Hill, Charlestown, Midtown, North End, South End, The Fenway and the Waterfront.
Figures for the list price were based on sold units from MLS data.