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Archive for the 'MA condo sales' category


Over 50% MA Real Estate Sales – 1st Time Buyers

According to a new study 50% MA home buyers in 2009 were made by first-time buyers.
February 10, 2010 – A new study on Massachusetts home buyers and sellers found that over 50 percent of all homes purchased in the Bay State in 2009 were made by first-time home buyers (compared to 47 percent nationally). [...]



Boston MA Real Estate Survey

The following is an article by Colleen Sullivan a staff writer for Banker & Tradesman:
Caution is the byword for 2010, with professionals across the residential real estate industry expressing only mild hopes for improvement in the markets this year, according to a recent Banker & Tradesman/Bannon & Co. reader survey.
Single-family homes are the bright [...]



Beacon Hill Condo Sales

Beacon Hill condo sales data, comparing ‘09 with ‘08
Beacon Hill Condo Sales – ‘09
Beacon Hill Condo Sold Listings: 176
Beacon Hill Avg. $: $692,789
Beacon Hill Median $: $510,000
Beacon Hill Avg. $/SF: $705
Beacon Hill Avg. DOM: 130
Beacon Hill Condo Sales – ‘08
Beacon Hill Condo Sold Listings: 219
Beacon Hill Avg. $: [...]



23% of Borrowers have Negative Equity

From the WSJ: 1 in 4 Borrowers Under Water
The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23% …
Home prices have fallen so far that 5.3 million U.S. households are tied to mortgages that are at least 20% higher than their home’s value [...]



Say what?

When was the last time you heard the words “construction began yesterday” on any project, let alone a major housing project?
Quick calculation: $64 million divided by 130 artist live-in studios = $492,307 per unit.
Not sure that adds up to “affordable,” but, heck, let’s be thankful at least something is getting built these days.



About those Nouvelle condo fees

John posted earlier today about the Nouvelle at Natick auction. Now check out the comments in Nouvelle’s local newspaper in Framingham. They make good points about 1. The condo fees 2. The taxes.
This wasn’t necessarily a deal for your average penny-pinching homeowner. So don’t regret too much you didn’t make it to the [...]



May condo Sales Decline

Monthly condominium sales and median prices declined by double-digit percentages compared to a year ago. Condo sales plummeted 22 percent to 1,567 from 2,010 in May 2008. May was the seventh consecutive month that monthly condominium sales were down by more than 20 percent year-over-year. A total of 5,545 condos traded in the first five [...]





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