The Boston Globe has a front-page story this morning on how the market for high-end condos (think $10 million and up) is improving.
Now if we can only get the rest of the market going. But it’s certainly not going to happen with the U.S. jobless rate increasing to 9.2 percent. Ugh.

A reader sent in this note: “So we’ve all seen lots of photos of ‘celebrity homes’ … but this one has got to rate up there as the most tasteful one ever.”
We agree. The late Hepburn’s Connecticut beach home is beautiful and classy — just like the actress herself. No kidding. Check it out. Whether [...]

Let me try again to calculate the absorption rate, this time with the Boston W Residences. Remember the absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a trend. This is how I calculated the absorption rate for The Boston W Residences:
 

How many listings are currently on [...]

The photo above is a parking space for sale at 151 Tremont Street (Tremont-on-the-Common) priced at $65,000.00. I’d love to see a video of the person that parked this car. That’s one tight parking spot.
Source of photo: MLS # 71174898 – Active
Condo – Hi-Rise
151 Tremont St – Unit UL259 List Price: $65,000
Boston, MA : Midtown [...]

Here’s a story from Vanity Fair describing how some real estate agents can be real jerks.
Despite some evidence that there’s an inkling of new activity in the luxury real estate market, Manhattan real estate agents are smarting that making a commission isn’t the cakewalk it used to be—and lashing out at precisely the wrong people. [...]

Click on link to view real estate video: Back Bay and South End condo prices
The real estate market may not be booming. But there’s a niche market that’s faring quite well.  One-room condos in the high-end neighborhoods of Boston may be tiny, but their price tags are big.
 The golden rule of real estate is location, location, location. [...]

Boston Luxury Condos – W Residences
According to MLS, the Boston W Residences marketing staff sold  four luxury condos in the month of November (so far).
1. 110 Stuart Street – #24D
Sold for $412,731.00 / $966.58 per sq. ft.
2. 110 Stuart Street #25D
Sold for $427,748.00  / $1,001.75 per sq ft.
3. 110 Stuart Street #21I
Sold for $440,000 / $1,030.44 per [...]

According to LINK, four Bryant Back Bay condos sold in the 3rd Q of 2010:
Bryant #804: Sold for $1,610,000 or $843.00 per sq ft. on 7/19/10
Bryant #803: Sold for $1,600,000 or $892.oo per sq ft. on 9/17/10
Bryant #405: Sold for $1,562,500 or $722.00 per sq ft. on 9/10/10
Bryant #702: Sold for $1,550,000 or $791.00 per sq ft. [...]

The NYTimes column The Appraisal reports that the super lux condo owned by Shia La Beouf’s character in “Wall Street: Money Never Sleeps” is up for sale. For the third time. The owner bought the huge 6,250 s/f pad in 2003 for $1.4 million – he’s now asking $15 million. Of course, in the movie, [...]