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Archive for November, 2009


Go Ahead and Yell. He’s Everyone’s Punching Bag.

Norman J. Radow brings out the worst in some people. They scream at him. They sue him. He has even been punched in the face.
What has he done to deserve this? In a word: workouts.
The New York Times has written an article about Mr. Norman J. Radow that mentions a development (Grandview – Tremont [...]



Boomerang Renters, hurting landlords

What is a boomerang renter? When grown children move back home with their parents.
With many Americans boomeranging back with mom and dad or sharing digs with roommates, the nation’s apartment operators–particularly the public players–continue to bite their nails as they await recovery.
The Pew Research Center reports that one-in-10 adults aged 18-to-35 – prime renting years [...]



Mass. housing sales up, but Hub condos plunge

From the Boston Hearld:
Home sales soared in the Bay State last month, but the downtown Boston condominium market remains in distress.
Statewide, single-family home sales increased 17 percent last month to 4,295 compared to 3,664 in October 2008. It was the highest number of sales for October since 2005, but the median price fell 2.8 percent [...]



Boston’s childless population growth?

From internet128.com:
Boston’s 2008 population is listed as 625,000, about 12,000-16,000 more than the usual federal population estimates for the city, and about 35,000 more than in 2000. Yet it’s less than the 630,000 that City Hall claims in a challenge to the official census bureau’s 2008 estimate of Boston’s population.
But here’s the kicker: The so-called [...]



Drop-Bid Auctions falsifying report in surge of home sales?

There was an increase in home sales throughout the country last month, but it appears that there will always be people (and banks) trying to skirt the system.
According to azcentral.com, an Arizona website, there is funny money auctions going on …
“Prices on some foreclosure homes are being dropped below the opening bid just hours or [...]



Mass Tax Dollars At Work……

WBZ News reports:
An I-Team investigation found that millions of taxpayer dollars are being wasted not on excess salaries or over-budget projects, but on empty parking spaces.
Chief Correspondent Joe Shortsleeve found that the state spends almost $3 million on leasing spaces that are never used.
Read more



A battle over a building – A David versus Goliath Story

The legal battle is between Mass Eye & Ear versus Joseph Crisafulli regarding 313-315 Cambridge Street.
Here’s the short version of the story. On September 21, 1989, Samuel Crisafulli, Joseph Crisafulli’s brother, signed a purchase option with Mass Eye & Ear. The purchase option stated, that five years following the death of Charles Crisafulli and Eleanor [...]



Sales up, prices down

Congress ultimately extended the $8,000 homebuyer tax credit, but it appears the mere thought it might expire drove people to buy last month in Massachusetts.
But it didn’t help prices. They were down.
The credit may have distorted the median-price figures, as first-time buyers rushed for deals in the mid- and lower-end ranges. The November numbers [...]



23% of Borrowers have Negative Equity

From the WSJ: 1 in 4 Borrowers Under Water
The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23% …
Home prices have fallen so far that 5.3 million U.S. households are tied to mortgages that are at least 20% higher than their home’s value [...]



MLS Boston condo sales data for October

MLS sales data for October:
October 2009
Number of Boston condo sales – 296
Avg sales price – $423,987.00
Day’s on the market – 95.99
October 2008
Number of Boston condo sales – 273
Avg sales price – $478,961.00
Day’s on the market – 103.08



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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    ------------------------------- 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 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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