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Archive for December, 2009
One of the things that Boston listing agents do is obtain feedback from buyers agents after they have seen a condo. It is part of the job that a listing agent does. They either call or email the buyer’s agent and ask what the buyer thought. The question is: is it appropriate for a buyer’s [...]
12/15/09 |
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Boston-area developers face a new and seemingly unlikely threat as they struggle to hang onto downtown towers and suburban office projects amid the Great Recession – tax hikes. According to the Banker & Tradesman: The prices of urban towers and Route 128 office palaces alike have plunged dramatically from their boom-time high, forcing some commercial [...]
12/15/09 |
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Joshua Golden, of the Luxury Residential Group, sent me an email informing me that a purchaser of Zero Marlborough is offering to lease out the unit at $18,000 per month, starting in January. This luxury apartment has 3+ bedrooms and 3.5 bathrooms. I was just wondering: How may luxury condo apartments are for rent in [...]
12/15/09 |
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The nephew of the late Sen. Ted Kennedy is under fire for his $50 million “condomininum village” just south of Magoun Square in Somerville. Neighbors say he isn’t living up to development promises. The city of Somerville says he’s abiding by all agreements. But the real long-term story here is that Stephen E. Smith Jr. [...]
12/15/09 |
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An Atlanta developer is apparently purchasing the old 4-acre Brigham’s ice-cream factory site in Arlington. The national developer, which has yet to file a plan, obviously has its eyes on either apartments or condos for the area. Not to read too much into the move, but it’s obviously a good sign when a national housing [...]
12/15/09 |
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Last week, I attended a lecture from Profesor Karl “Chip” Case, housing economist at Wellesley College and co-founder of the Case-Shiller Pice Index. Chip’s lecture notes have been posted on the LINK’s web site and can be accessed by clicking here. (pdf file, Chip’s notes start on page 3)
12/14/09 |
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Business Insider has a list of the Ten American Industries That Will Be Destroyed in the Next Decade. Boston Real Estate Blog is happy and relieved to announce that A.) Blogging and B.) Housing are not among them.
12/14/09 |
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Sales of single-family homes and condominiums in Massachusetts increased by double-digit percentages in October year-over-year. Click below to see why Timothy Warren Jr., CEO of The Warren Group, is “excited” by these recent numbers. Click on the link to listen to CEO Timothy Warren Jr. Listen
12/14/09 |
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A tale of two cities condo developments, 45 Province Street and FP3. FP3 Boston Condo Developement: Condos sold: 34 Avg. $: $426,778 Median $: $393,500 Avg. $/SF: $478 Last sales: Two units were recorded on December 1, 2009. 45 Province Street Condo Development Condos sold: 15 Avg. $: $1,501,817 Median $: $1,304,000 Avg. $/SF: $1,008 [...]
12/14/09 |
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