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Archive for December, 2011


College debt and the future of Boston condo sales

I’m very concerned about the future of Boston condominium sales. The amount of debt being accumulated to acquire a college degree is mind boggling.
The FinAid clock below is fast approaching $1 trillion, ratcheting up at the pace of nearly $3,000 per second. Americans now owe more on student loans than they do on their credit [...]



The never-ending blame game

Joe Nocera knocks down the idea that Freddie Mac and Fannie Mae caused the housing-market collapse. The two FMs actually followed the private sector over the cliff; they didn’t lead the private sector over the cliff, Joe says
It’s a persuasive argument. But here’s the thing: Can’t we all agree that the blame game isn’t really [...]



Help Wanted: Boston Real Estate Agents

We’re presently seeking two real estate rental agents for our Boston real estate office. Generous commission splits avail. For more information please call John Ford at 617-720-5454.



SNL: Don’t mess with Boston

In the Boston Real Estate Blog post below, if you weren’t outraged by the housing-scams committed by others, perhaps this SNL skit making fun of Boston and our cherished sports teams will upset you, or make you laugh.

Visit msnbc.com for breaking news, world news, and news about the economy
File Under: Thank God the Patriots [...]



Scammers return in droves to housing market

Think all the housing-market scams went away after the market went bust in 2008? Wrong. The scammers have merely adjusted to the times.
Our favorite scam (in terms of intricate ingenuity) is the “credit enhancement” trick, in which “credit enhancement” companies effectively set up bogus bank accounts for people, making their balances look bigger and impressing [...]



Boston-area housing: Still too expensive

Rona looks at some studies showing how housing prices in Boston, Cambridge and other parts of Massachusetts are still too expensive for the average wage earner, despite price declines in recent years. It’s not just the price of homes. It’s also the cost of rents.
High housing prices are one of the reasons why it’s so [...]



Realtors’ confidence increases

For the fourth straight month, the confidence of local Realtors has increased in Massachusetts, reflecting a small pick-up in homes sales.
Compared to the little girl in the post below, at least someone’s happy these days.
File under: Holiday spirts, redux



The holiday spirit

Here’s a heart-warming story for Christmas.
A young Las Vegas girl has written to Santa threatening to kill him if she doesn’t get an iphone 4S Apple, a new dress – and Justin Beiber.
The 11-year-old also threatened to “hunt down” Santa’s reindeer and serve their meat to homeless people on the Vegas strip.
Of course, she’s from [...]



Boston: One of the least miserable cities in America

News flash: Boston is listed as one of the least miserable cities in the U.S. when it comes to economic performance.
But you do have to question the validity of any survey that lists Buffalo, N.Y. ahead of most other American cities, whether they’e miserable or non-miserbable.
Here’s the most miserable list.
File under: Les Miserables, ou [...]



NAR home-sales data is bogus

Now here’s bad news: This week the National Association of Realtors admitted it has been reporting overly optimistic home sales figures for several years.
How can that be? Well, the NAR has been counting contracts to buy a condo or a house as “sales.” So, naturally, it counts people’s intentions to buy a condo as a [...]



Let's talk Boston real estate. The most recent real estate comments

  • 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...
  • Suburban reader, Is home ‘ownership’ a fraud?: Incomprehensible indeed. It seems (I think) to assume that...
  • Rich, Is home ‘ownership’ a fraud?: I found the article incomprehensible.
  • SeanMarkup, ‘Back to 1990s home prices?’: Bangalore real estate prices are kissing skies day by...
  • Jaypee Kosmos, Beacon HIll Restaurant Space Available: Thank you !!! nice information found here… Jaypee Kosmos
  • Will F., I found the 1% and it’s not in Boston: This is true… Washington DC is a city of 600,000+...
  • Howard County MD Real Estate, The big bets are on a housing recovery: I can also think that the housing market are...
  • beatspro, Boston Real Estate Discount Agencies & False Advertisements: C you might be dr dre tour beats...
  • Funny, I found the 1% and it’s not in Boston: http://www.osborneink.com/wp-c ontent/uploads/2011/11/cong...
  • Funny, Newt on housing: There’s really nothing conservative about the GOP… anymore. They’re a...
  • Funny, Quote of the day: He who passively accepts evil is as much involved in it as he who helps to perpetrate it. He...
  • Homes for sale in St. Catharines, A story about a Boston real estate agent: The most difficult concept for homeowners...
  • FreeMLS.US, The Fed clueless on the housing market: I own several real estate websites ( http://www.freemls.us...

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    Gracious parlor level living area offers open floor plan, fireplace, dining area,revovated kitchen with custom cabinents.

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    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 3rf 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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