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 [...]