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Archive for December, 2009


Do you want to be a Boston real estate developer?

From the Boston Business Journal:
A veteran Boston real estate player and an ex-banker colleague filed to establish a fund as big as $20 million to invest in the residential property market.
Kevin J. Ahearn, of Otis & Ahearn, filed the securities form with colleague Jonathan Schneider.
The minimum investment will be $250,000, the filing states. They’ve [...]



Hope for the local real estate market

From the Boston Globe:
For the first time in at least two decades, more US residents are moving to Massachusetts than moving out, a dramatic turnaround that has helped fuel the state’s sharpest population growth since 2001, according to new estimates from the US Census Bureau.
The increase, which was recorded from July 2008 to July 2009, [...]



Housing boom goes bust in finance crisis

From the Boston Herald:
The decade began sweetly as sales of single-family homes and condominium set records. But it ended on sour note.
“We experienced a dramatic housing boom from 1999 through 2005,” said Harold Petersen, an economics professor at Boston College. “But the housing debacle has driven sales down to their lowest levels in years.”
While [...]



Are you smarter than Tom Brady?

Did you know, that NFL scouts take the decision-making skills of quarterbacks very seriously? The league requires that every player in the draft take the Wonderlic intelligence test, which is essentially a shorter version of the standard IQ test. The test is 12 minutes long and the questions get progressively harder as the test goes [...]



Trivia

This set of global data is updated in real time:
Current World Population
Births this year
Births today
Deaths this year
Deaths today
Net population growth for today
How cool is THAT ?
Click on this web site



Now that’s a home

Tom Brady and Gisele are eyeing a mansion in Brookline as their new home, a gated antique just off of Route 9.
It’s currently owned by the former owner of KISS 108, who stands to make a pretty decent long-term profit on the sale, though it’s hard to know how much he sunk into the property [...]



More mixed news

Sales of new homes tumbled across the nation by 11 percent in November.
The news comes a day after Banker & Tradesman reported positive single-family and condo numbers in Massachusetts in November.
Okay, we’re not comparing apples to apples – USA vs. Massachusetts, and new homes vs. existing homes/condos. But the national numbers do show that 1.) [...]



Six Indicted – Boston Mortgage Fraud Scheme

Three real estate investors, two local mortgage brokers and a former local attorney have been indicted for allegedly using fraudulent documents to defraud homeowners and mortgage lenders in real estate transactions involving 26 distressed properties in Greater Boston.
From the Banker and Tradesman: Brown, Frank and Sweetland conspired with mortgage brokers Defeo and Arrington to [...]



Boston Condos Sales & Boston Luxury Condo Developments

From today’s Boston Herald:
In Boston, condominium sales finally took off in November, but the city’s newest luxury projects were still left in the dust.
Citywide sales of condominiums reached 352 in November, up from 253 a year ago – a 39 percent increase – while the median price increased by nearly 2 percent to $325,000, according [...]



Governor Deval Patrick pulls $1.7M luxury mansion off the market

From the Boston Herald: Gov Patrick has temporarily pulled his Milton house off the market after a $200,000 price cut and nearly six months on the Multiple Listing Service failed to attract a buyer.
Patrick spokesman Juan Martinez said the governor, who put his massive Colonial up for sale in June, took the place off the [...]



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

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    New Beacon Hill condo

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    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.

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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 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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