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Archive for October, 2010


Boston condo market comparison

Boston condo comparison
10/23/09 with 10/23/10

 
 10/23/2009
 
 10/23/2010

Price Range
Number of
Listings
Avg. Days
on Market
vs. today
Number of
Listings
Avg. Days
on Market

Under $50,000
10
82
 
8
123

$50,000 – $99,999
43
118
 
20
82

$100,000 – $149,999
48
149
 
52
82

$150,000 – $199,999
135
130
 
122
142

$200,000 – $249,999
153
101
 
194
118

$250,000 – $299,999
217
114
 
266
126

$300,000 – $349,999
187
105
 
225
119

$350,000 – $399,999
195
119
 
188
97

$400,000 – $449,999
126
111
 
129
125

$450,000 – $499,999
129
115
 
114
107

$500,000 – $599,999
154
145
 
145
118

$600,000 – $699,999
126
125
 
109
124

$700,000 – $799,999
77
134
 
63
110

$800,000 – $899,999
53
139
 
61
145

$900,000 – $999,999
45
129
 
29
180

$1,000,000 – $1,499,999
123
136
 
115
139

$1,500,000 – $1,999,999
58
160
 
72
177

$2,000,000 – $2,499,999
31
214
 
24
229

$2,500,000 – $2,999,999
24
323
 
18
141

$3,000,000 – $3,999,999
23
208
 
21
218

$4,000,000 – $4,999,999
14
303
 
11
228

$5,000,000 – [...]



Boston Back Bay Condos: Market Snapshot

 
 10/23/2009
 
 10/23/2010

Price Range
Number of
Listings
Avg. Days
on Market
vs. today
Number of
Listings
Avg. Days
on Market

Under $50,000
-
-
 
1
59

$50,000 – $99,999
1
11
 
-
-

$100,000 – $149,999
-
-
 
-
-

$150,000 – $199,999
-
-
 
1
164

$200,000 – $249,999
-
-
 
1
54

$250,000 – $299,999
5
92
 
10
96

$300,000 – $349,999
6
150
 
14
188

$350,000 – $399,999
16
132
 
14
81

$400,000 – $449,999
11
98
 
12
144

$450,000 – $499,999
13
140
 
10
124

$500,000 – $599,999
9
157
 
17
65

$600,000 – $699,999
21
142
 
18
188

$700,000 – $799,999
13
131
 
19
147

$800,000 – $899,999
15
120
 
20
136

$900,000 – $999,999
10
133
 
11
131

$1,000,000 – $1,499,999
43
135
 
48
129

$1,500,000 – $1,999,999
23
156
 
34
201

$2,000,000 – $2,499,999
18
224
 
12
302

$2,500,000 – $2,999,999
19
333
 
8
151

$3,000,000 – $3,999,999
15
237
 
10
264

$4,000,000 – $4,999,999
9
341
 
10
221

$5,000,000 – $9,999,999
7
252
 
9
235

Over $10,000,000
4
347
 
2
544

Total Properties
258
Avg. 175
 
281
Avg. [...]



Beacon Hill: Best place to Trick-or-Treat

Good news for trick-or-treaters and their parents this year: Not only is Boston’s best trick-or-treat neighborhood easily accessible (it’s near T stops for the green, orange and red lines), it’s also one of the city’s most charming.
Beacon Hill ranked as the number one trick-or-treat neighborhood in Boston, according to the second annual Zillow Trick-or-Treat Housing [...]



Housing Guy Apologizes For Housing Bubble

From Planet Money:
Fannie Mae and Freddie Mac have worked for decades to help more Americans become homeowners. Now one former Freddie Mac employee has asked us for the opportunity to apologize for doing such a good job of fulfilling that mission.
Jacob Kosoff used to work as an economist for Freddie Mac’s “Mission Department.” His job [...]



Boston Real Estate: Google Analytics (part 2)

The above chart is a Google Analytic on how often the term “Boston real estate” was searched from 2004 – 2010.
 Click on Google Boston real estate chart to enlarge.



Boston Real Estate: Google Analytics

What are your thoughts on Google analytics as a way to discern future Boston real estate sales patterns? The graph above is a Google  measurement for the term “Boston real estate” from April 2010 to October 20, 2010.



Boston: More college dorms

Banker and Tradesman reported today:
Northeastern’s announcement that it will be teaming up with Phoenix Property Co. and the YMCA to build a 720 bed dorm is the latest in a growing series of signs the freeze on college construction is starting to thaw.
Under the deal, Phoenix will put down $21.5 million to buy two wings [...]



Fannie, Freddie, Frank and Fiction

The following are a few excerpts from the Boston Globe Opinion page regarding Barney Frank and his role with Fannie & Freddie:
Frank, who chairs the House Financial Services Committee, has always been ardent in his defense of Fannie and Freddie. In 2003, he insisted that the two mortgage giants were not “facing any kind of [...]



Mass. banks lend $264 million to apartment developers

The Boston Business Journal digs into the number of local community banks and finds there’s been a huge upswing in lending to landlords and multifamily apartment developers. Even though over all lending is down (a lot) community banks have been, in the BBJ’s words “opening the spigots” to the multifamily apartment market.
Loans are up about [...]



Boston South End: Baptist Church Condos

Boston South End luxury condos that will eventually be built inside the Concord Baptist Church on Warren Avenue are on the market, but buyers will have to wait at least another two years before they can move in.
So why put up the listings now?
Read more from the Globe.



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 REAL ESTATE AGENTS:

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    Inquiries contact John Ford @ realtyford@yahoo.com



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

    ----------

    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

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

    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

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



    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

    -----------



    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

    -----------

    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

    -----------



    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

    -----------