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Archive for September, 2009


‘Heading for a relapse’?

What? Already? It seems a little too quick to be making such pessimistic pronouncements. It seems more likely that the national market will be scraping bottom for a bit longer — or at least the Boston housing market.



The New Old Colony

The feds have earmarked $22 million for a complete “green” makeover of Southie’s historic Old Colony housing project. Because the money is from the economic stimulus package, one would assume it’s on a construction fast-track. The story says displaced residents will be found new housing during each phase of construction. But where will they [...]



Boston real estate market has hit bottom

According to Spencer Rascoff of Zillow.com, the Boston real estate market is starting to find the bottom for housing values.
Some markets are starting to find a bottom. Boston for example after 40 months of decline, Boston is basically flat year-over-year



Boston Commercial Real Estate

Jay Fitzgerald and Thomas Grillo from the Boston Herald have an interesting piece regarding the Boston commercial real estate market:
It probably won’t be as bad as the early-1990s commercial real estate collapse.
But local bank and real-estate leaders are bracing for conditions to worsen within the local commercial real estate market that’s already seen Boston’s John [...]



There was something about Harry …

This is a story about a Realtor called Harry. Harry owned a real estate office in the San Francisco area. Unlike John Keith, Harry liked to talk about politics. Not only did he talk about politics, he put his conservative thoughts on prominent display in the storefront of his real estate office.
My real estate office [...]



The tax credit is working in Massachusetts

According to the Warren Group it would appear that the first-time buyer tax credit is working here in Massachusetts.
For example, July home sales rose 12 percent, and sales in the lower-end of the market — those that first-time buyers would most likely purchase — were driving that increase.
A total of 1,733 single-family homes priced [...]



Havard Beats Yale 29-29

Last night, I rented an interesting movie from Mike’s Video store on Beacon Hill — “Harvard Beats Yale 29-29” It’s an entertaining documentary using vintage game footage of the famous November 23, 1968 game between Harvard and Yale’s two undefeated Ivy League teams.
Follow me on Twitter for other movies and books that I would recommend.
I [...]



A crackdown on Chapter 40B developers?

Attorney General Martha Coakley is going after Acton developers who were allegedly “padding their profits” on affordable housing projects. It’s just one case — and it was referred to Coakley by the inspector general’s office. There’s no indication whether the Acton case is part of a larger probe. But there are lots of similar allegatons [...]



Location, location, location

I’ve come across a new type of real estate search engine: Geosapia (http://www.geosapia.com). Instead of digging through unordered listings online, now you can describe your ideal neighborhood, and you get a ranked list of properties. Suddenly putting listings online is actually useful. They are unique from other real estate web sites because [...]



Signs of Life At Top of Condo Market

First let me state, that I didn’t come up with the title for this blog post. The Boston Business Journal did. From the Journal:
While the sales pace is arguably slow, there are condo projects like 285 Columbus that are beating expectations. The housing collapse that has ravaged some communities has only grazed the high-end market [...]



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

  • Boston Agent, Something is going on with the Boston condo market… : Confused: too funny
  • confused, Something is going on with the Boston condo market… : Yawn…has to be at least 5 years in a row...
  • Rich, Boston’s housing market collapse: Late 1980s vs. 2012: What’s different this time around, is that...
  • Denver Handyman, Boston’s housing market collapse: Late 1980s vs. 2012: Good to know about your blog i have...
  • Greg Vardaro, How confusing is it to buy a cell phone?: What did you end up getting? The salesperson here is more...
  • Jenny Tabassum, New Boston condo sales listings for 2/9/12: Hi, You are posting a nice & beautiful article, Thank...
  • Rich, New plans unveiled for Herald’s old South End site: My wife wants to see either a Whole Foods Market or a...
  • Rich, Downtown Crossing’s Big Hole to be filled?: This is of course good news. However, let’s not get too...
  • Seyi, Offer to purchase can be binding: I agree Gerry, I uusllay flag my listings until the home inspection issues...
  • Gloriane, Boston condo sellers: Can they specify a lender with an offer?: BS low – ratioalinty high! Really...
  • JohnF, Charles Street Retail Space Available for Rent: Thanks Bill, I spoke with your wife and I’m sure we can...
  • Bill, Charles Street Retail Space Available for Rent: I am looking for a small retail street level retail space for...
  • 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...

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    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 3rd 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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