Boston Real Estate Blog, Boston Condos » Luxury Condos

‘Hub’s high-end condo market picks up’

Ford Realty — Fri, 08 Jul 2011 13:11:09 +0000

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.

Katharine Hepburn’s Conn. home up for sale

Ford Realty — Fri, 24 Jun 2011 18:56:29 +0000

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 it’s worth $28 million, well, that’s a different story.

File under: “I never lose sight of the fact that just being is fun.”

Ps – Some commenters in the above link bemoan recent renovations to her old family house, apparently done by its most recent owner, according to this account. The renovation looks fine to us. If some people say it used to be even more beautiful, well, that only reflects better on the Hepburns.

Luxury real estate: Million dollar foreclosures

John Ford — Sun, 03 Apr 2011 09:38:05 +0000

Boston W Residences: Absorption Rate

John Ford — Fri, 01 Apr 2011 14:35:08 +0000

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 market? In this instance I included both active and pending luxury condos. I came up with 91
How many listings sold last month? I came up with 4.

　Now that we know those numbers, we will need to:

Add together the number of Active/Pending listings which equals 91.
# of Sold Last Month 4 x 12 (months in a year) divided by 52 weeks = 0.92
# of Active divided by the number of sold 91/0.92= 98.9 weeks

Absorption Rate = 24.72 months.

View Back Bay luxury condos for sale

Boston Common parking spot…good luck opening your rear doors

John Ford — Thu, 27 Jan 2011 14:22:16 +0000

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 02111