Today’s Back Bay real estate quote of the day is from a Back Bay condo owner. After reading the blog post below on how average and median condo prices have been on the rise, this loyal blog reader summed up his thoughts in one word:
Winning!
- Bradley

Just Listed: A five-unit Beacon Hill building for sale for $2.1 million. This building is located in the heart of Beacon Hill and consists of the following:
Three units with three bedrooms each.
One unit with two bedrooms.
One unit with one bedroom.
For pictures, rent roll and other information, please contact Linda Mitrano at 617-512-4557.

Click on Back Bay condo sales price chart to enlarge.
File Under: This one is for you Back Bay Bradley.

Link has issued the 2011 2nd quarter condo sales report. As you can see from the chart below even the weathy neighborhood of Boston’s Back Bay is being impacted with lower sales numbers durring this national housiing crisis.
Back Bay condo sales are down from 139 condo sales in the 2nd quarter of 2010 to 119 [...]

Boston’s apartment rent prices have hit an all-time high, so good luck finding an affordable unit before the traditional September 1 lease-transition date. The usual-suspect neighborhoods top the list of most expensive areas in the city to rent.
One is tempted to say these rent spikes will sooner of later send people flocking to buy [...]

The video below focuses on Gary Shilling, of A. Gary Shilling & Company, not to be confused with Robert Shiller, of Yale Unitversity, who co-authors the Case Shiller Index. That’s not to say Gary Shilling is wrong — but Robert Shiller may have a different outlook.

MLS #
 
Address
 
Description
List Price

71263356
 
221 Columbus
 
6 room, 3 bed, 2 bath 2/3 Family
$7,200,000

71264680
 
110 Stuart Street
 
7 room, 3 bed, 4 bath 2/3 Family
$3,200,000

71263693
 
18 Marlborough St
 
11 room, 6 bed, 4 bath 2/3 Family
$2,750,000

71264671
 
110 Stuart Street
 
6 room, 3 bed, 3 bath 2/3 Family
$2,295,000

71240751
 
1 Avery St
 
6 room, 3 bed, 3 bath 2/3 Family
$2,269,000

71240575
 
157-159 Newbury Street
 
9 [...]

On July 12, 2011 the new Consumer Finanacial Protection Bureau opened. This new fed agency is desiged to help real estate borrowers by simplifying mortgage disclosures. Consumers are now able to obtain the simplified Good Faith Estimate / Truth in Lending Act forms. But there’s a problem: Many consumers are still confused about the [...]

Had it with the heat? Well, damn it, stay cool by buying a waterfront property in Martha’s Vineyard tony Tony Hill neighborhood, just south of downtown Edgartown. The price tag: $17.5 million.
The BBJ, whose story is subscription only, reports that the 4,300-square-foot home on 1.1 acres is being put up for sale by the heirs [...]