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Archive for August, 2009


Boston Real Estate Question.

Should Congress extend the $8,000.00 homebuyer tax credit this year?
And…
Should the $8,000.00 tax credit be open to all homebuyers?
Your thoughts?



MA Real Estate Bidding Wars

Paul Downey figured that with all of the bad news surrounding real estate these days, selling his Melrose home would take months.
He was wrong.
So many buyers wanted the six-bedroom place that a bidding war broke out, driving the home’s price to $815,000 – $75,000 more than Downey had asked.
“The interest was remarkable right off the [...]



Mortgage deductions may change

Congressional Budget Office delivered its latest revenue-raising options for Senate and House consideration as they write this fall’s tax and budget legislation.
Tucked away in the report are several incendiary plans that could – if adopted – cost homeowners billions of dollars. Though not formal legislative proposals, the CBO’s options represent a handy fiscal menu for [...]



Boston Real Estate News – Buyer Hesitation Begins to Dissolve

This morning, I was reading one of my favorite trade magazines called Realtor. I noticed in the Septemeber 2009 issue an article “Buyer hesitation begins to dissolve” The Real Estate Expert they site in the article is Lawrence Yun the Chief Economist for the National Association of Realtors. According to Mr (sunshine) Yun the reason [...]



Hotels Housing Suffolk Overflow

From the Boston Courant:
Suffolk University will house 270 students at the Holiday Inn on Cambridge Street in Beacon Hill and Hyatt Regency Hotel Inn in Downtown Crossing, where school officials say more supervision of incoming students is possible.
The school will pay about $5,000 per student to house 150 at the Holiday Inn and 120 at [...]



Honest Ben

File under: Bernanke money – keep borrowing & printing what can go wrong.



Boston Co-op – No Thanks

Located in the Boston West End is a co-op building, 150 Staniford Street. The building does have some nice features such as large floor plans and indoor parking. But from what I see it doesn’t appear that Boston buyers are attracted to the co-op concept. According to MLS three co-ops are available for sale at [...]



Newest threat to the housing recovery: Broken ARM’s

John Leland of the New York Times has an interesting story (today) about how option ARM’s have replaced subprime as the industry bad boy.
Highlights from the New York Times article:
Mr. Clavon, 63, was planning to sell the home in a few years and retire to Palm Springs. So he got a loan called an option [...]



Boston Condo Sales $1M and under

Let’s compare this year’s Boston condo sales to 2008:
$200,000 – $400,000 – 995 sales in ‘09 compared to 1,189 sales in ‘08
$401,000 – $600,000 – 502 sales in ‘09 compared to 696 sales in ‘08
$601,000 – $800,000 – 162 sales in ‘09 compared to 260 sales in ‘08
$801,000 – $1,000,000 – 85 sales in ‘09 [...]



Home prices, sales on rise in Boston area

Home prices in Greater Boston have increased for three straight months and the number of houses selling is up sharply, suggesting that the long housing slump is over.
June home prices were a strong 2.6 percent above the previous month, and the number of single-family homes that sold statewide in July was a whopping 12 percent [...]



Let's talk Boston real estate. The most recent real estate comments

  • Funny, Rents hit record high in Boston: It’s not just Boston. Did you know rents in Worcester for a small 1...
  • John Ford, The economy and the local real estate market: Good info – thanks Nemo
  • Funny, To paraphrase Tom Brady: Mass. homes sales sucked in 2011: Imagine what would happen if 10-15% was shaved of...
  • Nemo, The economy and the local real estate market: The Labor Department does have a rate that includes all workers...
  • John Smith, A message from a Boston Real Estate Mortgage Broker: Thanks for your valuable post.I would like to know...
  • Rich, MetLife exits large portions of the mortgage business: MetLife is a very clever operator. In 2006, they sold...
  • Rich, Why the Fed didn’t see the housing crisis coming: Oh please. After the dot-com crash of 2000, the NASDAQ...
  • Funny, Is home ‘ownership’ a fraud?: smells of a gold digger. Next step is how we’re really all...
  • Suburban reader, Is home ‘ownership’ a fraud?: Incomprehensible indeed. It seems (I think) to assume that...
  • Rich, Is home ‘ownership’ a fraud?: I found the article incomprehensible.
  • SeanMarkup, ‘Back to 1990s home prices?’: Bangalore real estate prices are kissing skies day by...
  • Jaypee Kosmos, Beacon HIll Restaurant Space Available: Thank you !!! nice information found here… Jaypee Kosmos
  • Will F., I found the 1% and it’s not in Boston: This is true… Washington DC is a city of 600,000+...
  • Howard County MD Real Estate, The big bets are on a housing recovery: I can also think that the housing market are...
  • beatspro, Boston Real Estate Discount Agencies & False Advertisements: C you might be dr dre tour beats...
  • Funny, I found the 1% and it’s not in Boston: http://www.osborneink.com/wp-c ontent/uploads/2011/11/cong...
  • Funny, Newt on housing: There’s really nothing conservative about the GOP… anymore. They’re a...
  • Funny, Quote of the day: He who passively accepts evil is as much involved in it as he who helps to perpetrate it. He...
  • Homes for sale in St. Catharines, A story about a Boston real estate agent: The most difficult concept for homeowners...
  • FreeMLS.US, The Fed clueless on the housing market: I own several real estate websites ( http://www.freemls.us...

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    ------------------------------- Beacon Hill Real Estate: Retail Space Available

    Charles Street

    Commercial Retail Space Available

    For leasing inquiries contact

    Linda Mitrano at 617-512-4557.


    New Beacon Hill condo

    New Beacon Hill condo furnished listing for rent

    Offered at: $3,000.00

    Two bedroom hardwood floors, laundy in the building, common roof deck.

    More information call Linda Mitrano at 617-512-4557.


    Classic Beacon Hill Duplex Condo

    Including Income producing In-Law Apartment. Two units for the price of one.

    Offered at: $879,000.00

    Gracious parlor level living area offers open floor plan, fireplace, dining area,revovated kitchen with custom cabinents.

    Lower level offers master bedroom with full bath and laundry. Includes a second bedroom with half bath. This unique condo also features a two level In-law apartment with a seperate entry. One car deeded parking space.

    More information call Linda Mitrano at 617-512-4557.

    Boston neighborhoods



    Boston Real Estate / Boston Condos



    Click on the links below for Boston condo neighborhood sales listings

    Boston Back Bay Condos

    Beacon Hill Condos

    Boston Charlestown Condos

    Fenway Boston Condos

    Boston South End Condos

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    Boston Back Bay Condos 3rd Q 2011





    Back Bay Condo Sales 3rd Quarter 2011 - 150. Number of Back Bay condo sales in the 3rd Q of 2010 - 126

    Back Bay average condo sales price in the 3rd Q of 2011 - $974,258.00. Back Bay average condo sales price in the 3rd Q of 2010 - $944,320.00

    Back Bay condo 3rd Q 2011 sales price per square foot $736.88 Back Bay condo 3rd Q 2010 sales price per square foot $731.88

    Boston Back Bay condos days on market 3rd Q 2011 - 125 Boston Back Bay condos days on market 3rf Q 2010 - 106 Back Bay condo sales stats Jan - Sept 2011:

    Number of Back Bay Condo sales Jan through Sept - 334

    Avg Back Bay condo sales price - $1, 173,927.00

    Med Back Bay condo sales price - $795,000.00

    Avg price per square foot - $780.00

    Days on market for Back Bay Condo - 131

    Back Bay Condos - Sales Stats 2011



    Back Bay Condo Sales form April 1, 2011 - May 1, 2011 - 27

    Avg. Back Bay condo sales price - $1,324,226.00

    Med. Back Bay condo sales price - $1,210,000.00

    Back Bay condo sales price per square foot - $787.00

    Avg. days on the market for Back Bay condo - 184

    Boston Back Bay condos sold from Jan 1, 2011 - April 28, 2011 - 105.

    Average sales price for a Back Bay condominium in 2011 - $1,317,969.00

    Median sales price for a Back Bay condominium in 2011 - $865,000.00

    Average price per sqaure foot for a Back Bay condo in 2011 - $805.00

    Average days on the market in 2011 for a Back Bay condo - 153

    Back Bay condos/real estate sales for the 1st Quarter of 2011:

    Average Back Bay condo sales price - $1,290,181.00

    Median Back Bay condo sales price - $828,895.00

    Average Back Bay condo sales priec per square foot - $804.00



    Back Bay Condos Sold Jan 1, 2011 - April 16, 2011

    Back Bay condos sales - 97

    Average Back Bay condo price: $1,407,795.00

    Median Back Bay condo sales price: $852,500.00

    Average price per square foot for a Back Bay Condo $863.00

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    Back Bay Condos Sold 2011

    Back Bay condos sold: 50

    Average Back Bay condo sales price:$1,367,003.00

    Median Back Bay condo sales price: $953,750.00

    Average Price per $/SF: $806

    Average days on the market for a Back Bay condo: 124

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    Beacon Hill Condos Sales Stats 2011





    Beacon Hill condos sold form Jan 1, 2011 - April 28, 2011 - 37

    Average Beacon Hill condo sales price - $799,809.00

    Median Beacon Hill condos sales price - $560,000.00

    Average price per square foot for a sold Beacon Hill condo - $704.00

    Average days on the market for a Beacon Hill condo to sell - 165

    Beacon Hill condo sales 2011 Jan - Mar

    Beacon Hill condos sold

    Avg Beacon Hill condo price $823,500.00

    Med. Beacon Hill condo price $524,500.00

    Avg. price per sq ft. Beacon Hill condo $632.00

    Avg. days on market Beacon Hill condo 222

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    Boston Condos Brighton Sales Stats 2011





    Boston Brighton Condo sales - 25

    Brighton condo avg. sales price $259,510

    Brighton condo med. sales price $262,000

    Brighton condo price per sq ft $283.00

    Brighton condo days-on-market 90

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    Boston Condos Charlestown - Sales Stats





    Charlestown condo sales - 25

    Charlestown average condo - $545,019

    Charlestown median condo - $470,000

    Average price per sq ft Charlestown condo $458.00

    Average days-on-market 123

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    Fenway Condos Sales Stats 2011







    Fenway Condo Sales 2011

    Fenway condo sales 7

    Average Fenway condo price $292,500

    Median Fenway condo price $282,500

    Fenway price per sq ft $435.00

    Fenway days-on-market 237

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