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Watching TV

Over the weekend, I watched the U.S Golf  Open. Afterwards, I was in remote control overdrive, clicking through channels, when I came across one of those real estate programs about searching for your first condo. These programs are fun to watch, but for the most part are unrealistic. To think that a Boston condo buyer will preview three condominiums, make a decision on one, have a smooth closing and move in within two months, unpack, decorate and invite the camera crews back. Wow!

The other problem with these real estate programs is that some first-time homebuyers may think this is the norm and fail to realize that, for the most part, it’s sheer fantasy. Presently, one of my agents is working with a first-time Boston condo buyer and they’re surprised that they haven’t found their perfect Boston condo after viewing 3 properties. Please keep this in mind: if you’re in the market as a Boston condo buyer, have patience and be persistent. It just may pay off. I’ve had several Boston condo buyers who used patience and time to their advantage — and as result saved thousands of dollars on both the purchase price and closing costs.

The other  interesting part of  the show was how the real estate agent conducted her showing. Apparently she just opened the front door, turned to the buyers and said: “Here, why don’t you go through the home and let me know what you think when you’re finished? I’ll wait here for you (on the street).” I’ve never heard of this happening in Boston. Where was the seller’s agent? Would the seller be very happy with his/her broker’s sales technique?  Here’s an idea for an episode that may increase ratings, The real estate agent gives the keys to the potential buyer and waits outside the front door, the potential buyers steals some valuables and walks out the back door.

Which leads to the question on how to show a property to a Boston condo buyer. I’m sure they are buyers who would prefer to view the property on their own and at their own pace. I guess this is one strong argument to view open houses on your own without a buyer’s broker. But a Boston buyers agent  can save you thousands of dollars. If you’d like to learn more on how a Boston buyer’s agent can be an advantage to you, please call one of my agents at 617-720-5454.

File under: Summer sales pitch. (Can’t blame me for trying — and it’s better for buyers than watching a dumb TV show about buying homes )

Read other posts about: Boston real estate condos news

2 Responses to “Watching TV” »»

  1. Comment by Funny | 06/20/11 at 4:51 pm

    You forgot to phrase that last sentence with “Boston Condo Buyers”.

    While I understand the idea behind using the term for crawlers, it really kills the feeling that you’re here as an approachable agent/firm, and just another marketing gimmick. Which you’re not.

    Might I suggest a little more subtly in the future? If I didn’t know better, that sort of post would put me off to your services.

  2. Comment by John Ford | 06/21/11 at 2:45 am

    Fuuny, thanks for your honest comment. I’ll tone it down.

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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

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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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    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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