Well, speaking of pricing aggressively or not based on absorption rate … Herb Chambers recently sold his Back Bay mansion for $8.75 million, according to a report in the Boston Herald. That may sound like a huge payday, but the property went on the market first in 2007 for $14.95 million. Chambers bought the Comm. [...]

The absorption rate can help you gauge the Boston real estate market if you have your condo on the market or if you’re thinking of selling your Boston condo. The Boston absorption rate  is a good indicator if  its a buyer’s market or if it’s a seller’s market. When listing your condo, the rule of thumb, if the absorption rate is more than six months [...]

This Post will talk about the upcoming weeks Economic Data and how it will affect current Mortgage Rates

The Massachusetts photo below is the vacation home of  Boston architect Warren Schwartz and his wife. But the big question is: ’What is holding this up?’” Boston architect Warren Schwartz designed and built a modern home of glass, steel and concrete in the Berkshires for himself and his wife Sheila, a longtime violinist for the Boston Symphony [...]

Well, this isn’t the data I wanted to see, but according to Google the search term “Boston Real Estate” is showing a downward trend from January 13, 2011 – February 13, 2011. Hmm… since this excuse is popular among economist, I think I’ll try it out: “The downward trend is due to the weather…” When the weather [...]

Check out this spinning house. Hmm…I wonder if this house could pass our Boston building codes.

The Boston Business Journal reported  this week on how some of Boston’s most luxury condos and homes are starting to encounter the foreclosure process, although it’s still a rare occurrence based on the percentage of foreclosures: Subprime mortgages ravaged America’s working class, but the U.S. housing and foreclosure crisis also has infiltrated some of greater Boston’s most [...]

I’m hereby making these observations, based on no solid Boston real estate facts, but just my gut telling me that the real estate game is changing. I think from a Boston real estate agency point of view we’re in the eye of a real estate marketing storm. This storm wll ROCK the Boston real estate industry, like its never seen before. Here are my [...]

Boston condo sales stats from January 1st – February 12th 2011 compared t0 2010. Boston condo sales from 1/1/11 – 2/12/11 Number of Boston condo sales – 247 Average Boston condo sales price – $558,233.00 Median Boston condo sales price – $377,000.00 Average days-on-market – 119 ———- Boston condo sales from 1/1/10 – 2/12/10 Number [...]

The Boston Homes has an article regarding the Boston W Residences luxury condos entitled: Court ruling is good news for W developer. The following are a few highlights from the article: * Two years ago Prudential had given a construction loan of up to $192.2 million at the time of the hearing the amount due to [...]