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Archive for November, 2010


Boston single-family home sales

 

Boston Single-family home sales
Comparing Boston, Massachusetts single-family home sales from January 1st through November 27th.
The number of Boston single-family home sales 2010 – 814
Boston single- family home sales in ‘09 (Jan – Nov 27th) – 823
Boston single- family home sales in ‘08 (Jan – Nov 27th) – 849
Boston single- family home sales in ‘07 (Jan [...]



Banking problems continue. What impact will it have on the Boston real estate market?

First the good news: The larger U.S. banks are coming back, and the banking system as a whole is slowly getting healthier.
According to  FDIC’s latest report.  81% of banks were profitable in the third quarter — the highest percentage since the middle of 2008, before Lehman went bust and everything fell apart.
Now the bad news: The number [...]



Free parking Friday and Saturday in Boston

Yay. Free parking in downtown Boston Fri. and Sat., but … there is a two-hour limit (booo). Still, it’s always welcome. Four hours would be a lot more useful, though. Just an idea. Hello, City Hall? Hello? (cue sound of crickets chirping).



South Boston mortgage broker gets jail time for fraud scheme

South Boston Mortgage Broker
As Universal Hub reports today, a South Boston mortgage broker will do jail time and be fined $100,000 in a scheme to defraud investors in Boston real estate. The UH sums it up:
According to the AG’s office, Arrington submitted fraudulent mortgage applications to lenders for Boston Equity Investments, which brokered deals between [...]



Mortgage rates edging up from historic lows

Well, we knew mortgage rates couldn’t keep going down forever. Freddie Mack said the rates on 30-year fixed rose to 4.4% from 4. 39%. Two weeks ago they hit the lowest rates since 1971. 15-year loans rose also to 3.77% from 3.76% – up from two weeks ago when they were at 3.57%.
Market watcher Don [...]



Boston Real Estate Blog Readers: Happy Thanksgiving

Some Thanksgiving trivia:
In the U.S, we eat 300 million turkeys per year. About a 1/3 of them are consumed in the month between Thanksgiving and Christmas. However, U.S. isn’t the largest consumer of turkey. According to BBC Thanksgiving quiz, Israel consumes more turkey per capita than the U.S.
Thanksgiving Trivia:http://flowingdata.com/2010/11/25/happy-turkey-day/



Luxury property reviews – by a 13-year-old

Luxury Real Estate Reviews
Think it’s hard to write a real estate blog? Consider this website: Lavish Property. The site features pictures of luxury real estate for sale across the US, Canada and England, complete with reviews and comments by the blogger — 13-year-old Cole Perkins of Hershey, Pa. Here’s his take on a Massachusetts property [...]



US Attorney’s office: Wiffle ball is not a crime for condo owners

The US Attorney’s office wants it made plain that Massachusetts condo associations that go after families for such “offenses” as their children playing wiffle ball in common areas can’t levy unfair fines on those families. A Methuen condo association leveled fines of more than $500 to family residents for common-areas violations such as children playing [...]



Celebrity real estate: Kitchens of the rich and famous for sale

Luxury Real Estate
Here’s a look at some of the kitchens in celebrity homes for sale, including homes of Lady Gaga, Justin Timberlake, and Sheryl Crow. And Tracy Morgan appears to really like the stainless steel look. Worst kitchen: Kelly Clarkson’s lawn-clippings-green cabinets. Blech.



October: Mass. real estate inventory & days on market

Massachusetts Association of Realtors reported:
Inventory and Days on Market:
The inventory of single-family homes as of October 31, 2010 increased 13.0 percent from October 2009 (27,204 listings in 2009 to 30,860 listings in 2010) which translates into 11.2 months of supply in October 2010.  This is up from 7.1 months of supply last year and up [...]



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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