Another luxury condo was just sold at 45 Province Street this week. This is the second closing so far in 2011. This recent sale was unit #1405, two bed, two bath luxury condo with south east exposure.
The original asking price was $975,000 and the sales price was $905,000.00. This averages out to $701.00 per square foot.
On [...]

…and put load right on me (the taxpayer)

I have been thinking about all of the things I agree to while online in order to download an app.  Sometimes, I am not sure what they want me to agree to, and am wondering how many people click “I agree” without fully understanding all of the details of each sentence, like this one below.

Click  box to enlarge.
The pages [...]

Bankrate.com’s Holden Lewis made an observation via Twitter this week, in less than 140 characters, which sums up one of the points that Boston Real Estate Blog readers here sometimes make: “Are falling home prices bad news? Would falling used-car prices be bad news? There are two sides to every trade.”
The Wall Street Journal’s Robbie [...]

A Mortgage Rate Prediction…

The Boston Herald today has an item on a suggestion on how the state can close its deficit gap: sell off the state house, the Zakim Bridge, and maybe even the entire Pike. As the article notes, don’t laugh — other states have sold off their state capitols and now lease the space from private [...]

The WSJ reports today that the Obama administration and the many state attorneys general are nearing a deal on the mortgage/foreclosure mess. The deal is basically this: banks pay for $20 billion in principal reductions for distressed borrowers underwater nationwide. Who and how many will get principal reductions? That’s not clear.

Back Bay condo sales for 2011
Number of Back Bay condo sales – 42
Average Back Bay condo sales price – $1,262,878.00
Median Back Bay condo sales price – $953,750.00
Average price per square foot – $804.00
Days on Market – 105

Oh, just great. A worker at the French Consulate came down with the measles, Boston.com reports, so city health officials are out in Back Bay spreading the vaccine shots. Measles is pretty darn infectious (if you’re not vaccinated, or haven’t been exposed before). For some reason (the story doesn’t really explain it), the city is [...]