Is this going to be the next trend? Landlords, unable to rent their apartments, are now going to sell their buildings?
Janet Lamb in my office just obtained a new listing, a 9 unit apartment building.
29 Grove Street – Beacon Hill – $2,250,000.00
9 – two bedroom units
Rent roll:
Unit #1 – Vacant
Unit #2 – $1500
Unit #3 [...]

Here’s some good news for those looking to buy in the near future:
1. This week MLS reported 124 new Boston condo listings.
2. MLS reported 23 new Boston single-family home listing.
3. This week MLS reported 15 new Boston multi-family listings.
4. This week MLS reported 106 price reductions.
5. Inventory is on the rise – 1,646 Boston condos [...]

An almost-new home in the Greenway Place development on the Rose Kennedy Greenway has come on the market, priced at $719,000.
The unit has exposed brick, recessed lighting, floor-to-ceiling windows, and a private balcony. There are two bedrooms across 1200+/- square feet of space.
There is rental parking available, or an option to buy one down [...]

A resale at the Mandarin Oriental hotel and residences has been repriced; it is now at $3,995,000. MLS #70705033.
This is a front facing unit on the 9th floor, with 2 bed, 2.5 bath, one fireplace, and approximately 2500 square feet of space. Includes a parking spot in the garage.
I believe closings are scheduled [...]

Several of the units at the new Allele condo development, in Boston’s South Boston neighborhood, have been repriced.
For example, a 1000+/- square foot one bedroom originally priced at $499,000 is now $469,000.
A 1400+/- square foot two bedroom originally priced at $649,000 is now $559,000.
Garage parking spaces are available for $40,000.
There are a total of 48 [...]

From the Boston Condo Blog:
Not more than two months following the condo auction at Broadluxe in Boston’s Financial District, there are three resale units available for sale – all of which sold at the auction on June 21, 2008 to a single bidder …
These three Broadluxe flips have steep price increases from the prices paid [...]

The Herald profiles a nice home in Boston’s Jamaica Plain neighborhood.
A developer, the WonderGroup, has transformed a 98-year-old Mansard Victorian in Jamaica Plain’s up-and-coming Stony Brook neighborhood into three stylish condos that feature original refinished wide-pine floors and other details.
Located at 113 Chestnut Ave., the home features a restored exterior that includes clapboard siding, dormers [...]

Several months ago, a series of buildings on Tremont Street were sold. The addresses were 641-643 Tremont Street. Previously the location of a bridal shop and travel agency, they were sold when the owner died.
Now, the new owner has begun turning the properties into condominiums.
Sprogis & Neale has the listings. So far, [...]

I’ve been made aware of a large, multi-unit inn being put up for sale in Boston’s Back Bay, near Kenmore Square.
It is currently profitable, netting over $250,000 per year.
If you are interested in learning more about it, and potentially working with me as your buyer’s agent, let me know!
(It’s not in MLSPIN.)

Five contiguous buildings in Boston’s Ladder District have hit the block, according to the Boston Business Journal:
A quintet of buildings encompassing an entire city block is being put up for sale, industry sources are telling GlobeSt.com. Totaling 150,000 sf of existing space, the assets are headlined by the 101 Tremont St. office building, but the [...]