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Archive for October, 2010


Boston condo sales from Jan 1st – Nov 1st

Comparing 2010 with 2009 for total Boston condo sales from Jan 1st – Nov 1st.
Back Bay condo sales from Jan 1st – Nov 1st.
 Back Bay condo sales 2010 – 351
 Back Bay condo sales 2009 – 277
———-
Beacon Hill condo sales Jan 1st – Nov 1st
Beacon Hill condo sales 2010 – 109
Beacon Hill condo sales 2009 – 120
———-
South End [...]



Boston luxury condos: W Boston sells another condo, but at a major discount

 The chart below is from MLS regarding the recent sale at the Boston W Residences. The last sale was on October 27, 2010 a two- bedroom, two-bathroom on the 17th floor. As the chart below indicates this unit sold for $860,000, but the orginal asking price was $1,195,000. On a price per sq ft basis this [...]



Massachusetts real estate links: 3rd Q sales

Here are a few articles that appeared in the media in response to the release of September/Q3 2010 Massachusetts home sales.
Wednesday, October 27, 2010
The Patriot Ledger
Home sales slowed down in September, but prices remained stable: Even with uncertainty about economy, prices in Mass. remain stable
The Ticker (Boston Herald.com)
Housing Slump
Itemlive.com (Lynn Item)
Home sales down [...]



Real Estate: Sunday funnies

How come, with all the sloppy oversight, THIS never happens.

click to enlarge.
Source: NY Post



Wells Fargo: Thoughts on the housing market

Watch the latest video at video.foxbusiness.com
Click here if the video doesn’t appear



Boston luxury condos: October sales

In the month of October, Boston had 21 luxury condos that sold for $1,000,000 or above.
The average $1,000,000 (+) Boston condo sale – $1,697,738
The median $1,000,000 (+)  Boston condo sale – $1,550,000
The average Boston luxury condo sales price per sq ft – $904
Average days-on-market for a Boston luxury condo – 153
To view all $1,000,000 (+) Boston condo sales for the [...]



The trouble with Boston condos

The following are excerpts from the Wall Street Journal article entitled the touble with condos:
In some gentrifying neighborhoods of Boston, for instance, where condo conversions of the city’s storied triple-decker row houses were rampant in the last decade, many owners now find they can’t sell their units, partly because of tougher lending requirements by government-sponsored mortgage [...]



Otis & Ahearn’s brand name expands

Congratulations to Otis & Ahearn.
The following is press release from Otis & Ahearn:
We are pleased to announce that Otis & Ahearn has been selected as Boston’s Exclusive Affiliate for Christie’s Great Estates. The Christie’s name is synonymous with quality, integrity, and customer satisfaction; the marketing efforts of Christie’s Great Estates provide far-reaching exposure to a qualified audience of [...]



Paul Krugman on the economy: ‘Be afraid. Be very afraid’

The video above is a discussion based on a New York Times Op-Ed written by Paul Krugan regarding the economy and politics.
What are your thoughts?



What impact do new luxury condo developments have on Back Bay sales data?

 What impact does the Bryant, Clarendon and the W Boston Residences have on Back Bay 3rd Q sales prices?
Comparing 2010 with 2009 for Back Bay 3rd Q sales (excluding Braynt, Clarendon and the W):
3rd Q 2010 average Back Bay condo sales price – $943,049
3rd Q 2009 average Back Bay condo price – $872,898
———-
3rd Q 2010 median Back Bay [...]



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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    Classic Beacon Hill Duplex Condo

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    Offered at: $879,000.00

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

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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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