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Archive for the 'us and world economy' category


Merry (belated) Christmas!

Massachusetts retailers have gotten some unexpected post-Christmas good cheer: Holiday season shopping was locally very strong, according to new data. It’s another sign that the Bay State economy is recovering rather well, with the exception being the housing market.



Boston: One of the least miserable cities in America

News flash: Boston is listed as one of the least miserable cities in the U.S. when it comes to economic performance. But you do have to question the validity of any survey that lists Buffalo, N.Y. ahead of most other American cities, whether they’e miserable or non-miserbable. Here’s the most miserable list. File under: Les [...]



State’s unemployment rate falls to 7 percent

Now here’s good news: The state’s unemployment rate last month fell to 7 percent, down from 7.3 percent and far below the national average of 8.6 percent. The number of jobs created last month wasn’t spectacular. Only 5,000 new jobs were added to local payrolls. There’s also a lot of flux in the total labor-market [...]



‘The 10 Worst Run States in America’

The next time you get down about the sometimes dysfunctional ways of Massachusetts, always remember: There are even more dysfunctional states in America. It’s simply hard to beat Illinois and California in this category. Not to mention Rhode Island and Louisiana.



Finally, some decent news on the jobs front but …

Some good news on the U.S. jobs front: The unemployment rate fell to 8.6 percent, its lowest level since early 2009, and employers added about 120,000 new jobs to payrolls. But … wait … it’s all doom and gloom according to the NYT article linked above. Okay, the numbers aren’t spectacular. The economy needs about [...]



Don’t look now … Dow off by 400 points

One has to wonder how the U.S. economy — and housing market — would be faring if it wasn’t for the financial crisis in Europe. The Dow got killed today. Of course, the European financial crisis was a direct consequence of our financial crisis. So we can’t whine too much. File under: Be careful of [...]



Quote of the Day: Thomas Jefferson on Banks

The more things change, the more they stay the same: The bank mania… is raising up a moneyed aristocracy in our country which has already set the government at defiance, and although forced at length to yield a little on this first essay of their strength, their principles are unyielded and unyielding. These have taken [...]



Mass. unemployment rate falls but …

This is one of those infuriating economic reports that drive people crazy. Ready? Here goes: The state’s jobless rate fell to 7.3 percent last month, from 7.4 percent in August. The national average is 9.1 percent. So far, so good. We like good news. But a separate “payroll survey” of companies shows Massachusetts lost 2,300 [...]



Dear Big Banks: Pay up

Boston Real Estate Blog has taken a few shots in the past at the government’s decision to sue large banks over the subprime-mortgage debacle. The obvious criticism: The government bailed out banks three years ago — and now it’s suing them in the middle of a recession when credit is already tight? But Paul McMorrow [...]



‘Homebuyers Spooked by Stock Volatility’

Really? Do you think so? And we thought it had a soothing and calming effect on homebuyers. Silly us. There’s some good quotes in the story by Wellesley College’s Karl Case about the housing market. Otherwise, the headline and story could have applied to just about anyone. … Plumbers Spooked by Stock Volatility. … King [...]



Let's talk Boston real estate. The most recent real estate comments

  • lollipop, Report confirms: 28-story Boston residential tower Avalon Exeter going ahead: obviously like your web site...
  • Funny, Tenants vs. landlords: The never ending war: “decades ago in the 1970’s when tenements and slumlords...
  • Mike O, Tenants vs. landlords: The never ending war: So, if the laws are “rebalanced” thereby reducing...
  • Jack Gately, The mortgage-settlement shakedown scam: John: Wow, Martha Coakley is not going to like this post! ;)
  • Funny, Wall Street: ‘It’s Just Kids Playing With Dynamite’: too big to fail and too big to manage....
  • confused, Report: Massachusetts home and condo sales soar in April: So are you saying pending sales this April higher...
  • Evan, James Taylor and Neil Diamond to play Fenway Park: James Taylor played fenway park and so did Neil Diamond...
  • Mike O, Why home prices will never recover: John, you’re going to get Lawrence Yun and the NAR posse after you...
  • Mike O, Nantucket mansion owner asks for a mere 725% mark-up on price: 69 acres on Nantucket? Yeah, sounds about...
  • Suburban reader, Now teardowns are on the rise in Massachusetts: Re jobs, jobs, jobs — Agreed. An increase in...
  • Brian Hickey, Now teardowns are on the rise in Massachusetts: Though not something all favor; IMO, teardowns and the...
  • Funny, Why home prices will never recover: Hey, you just said what I’ve been saying! One caveat though, Housing...
  • Mike O, Mass. homes sales increase by fastest rate since 2007: Sounds like sellers are giving ground, bringing us...
  • Boston Real Luxury Agent, Mass. homes sales increase by fastest rate since 2007: John, can I inform your Boston real...
  • realistic, The Housing Low-Ball Index: Funny – Never believe any real estate news story that has a prefix named...
  • Funny, The Housing Low-Ball Index: The poor, poor guys that had a commercial on CNBC the other day basically saying...
  • Mike O, The Housing Low-Ball Index: Well confused, the article is “according to researchers at the National...
  • confused, The Housing Low-Ball Index: OMG…What does “beginning to see” mean? Is this an actually...
  • Funny, Boston: The third most ‘walkable city’ in the U.S.: SF might have hills, but NYC also has wide...
  • Renter, City approves new Seaport apartment complex: Funny – Bravo!

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    Boston neighborhoods



    Boston Real Estate / Boston Condos



    Click on the links below for Boston condo neighborhood sales listings

    Boston Back Bay Condos

    Beacon Hill Condos

    Boston Charlestown Condos

    Fenway Boston Condos

    Boston South End Condos

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    Boston Back Bay Condos 3rd Q 2011





    Back Bay Condo Sales 3rd Quarter 2011 - 150. Number of Back Bay condo sales in the 3rd Q of 2010 - 126

    Back Bay average condo sales price in the 3rd Q of 2011 - $974,258.00. Back Bay average condo sales price in the 3rd Q of 2010 - $944,320.00

    Back Bay condo 3rd Q 2011 sales price per square foot $736.88 Back Bay condo 3rd Q 2010 sales price per square foot $731.88

    Boston Back Bay condos days on market 3rd Q 2011 - 125 Boston Back Bay condos days on market 3rd Q 2010 - 106 Back Bay condo sales stats Jan - Sept 2011:

    Number of Back Bay Condo sales Jan through Sept - 334

    Avg Back Bay condo sales price - $1, 173,927.00

    Med Back Bay condo sales price - $795,000.00

    Avg price per square foot - $780.00

    Days on market for Back Bay Condo - 131

    Back Bay Condos - Sales Stats 2011



    Back Bay Condo Sales form April 1, 2011 - May 1, 2011 - 27

    Avg. Back Bay condo sales price - $1,324,226.00

    Med. Back Bay condo sales price - $1,210,000.00

    Back Bay condo sales price per square foot - $787.00

    Avg. days on the market for Back Bay condo - 184

    Boston Back Bay condos sold from Jan 1, 2011 - April 28, 2011 - 105.

    Average sales price for a Back Bay condominium in 2011 - $1,317,969.00

    Median sales price for a Back Bay condominium in 2011 - $865,000.00

    Average price per sqaure foot for a Back Bay condo in 2011 - $805.00

    Average days on the market in 2011 for a Back Bay condo - 153

    Back Bay condos/real estate sales for the 1st Quarter of 2011:

    Average Back Bay condo sales price - $1,290,181.00

    Median Back Bay condo sales price - $828,895.00

    Average Back Bay condo sales priec per square foot - $804.00



    Back Bay Condos Sold Jan 1, 2011 - April 16, 2011

    Back Bay condos sales - 97

    Average Back Bay condo price: $1,407,795.00

    Median Back Bay condo sales price: $852,500.00

    Average price per square foot for a Back Bay Condo $863.00

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    Back Bay Condos Sold 2011

    Back Bay condos sold: 50

    Average Back Bay condo sales price:$1,367,003.00

    Median Back Bay condo sales price: $953,750.00

    Average Price per $/SF: $806

    Average days on the market for a Back Bay condo: 124

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    Beacon Hill Condos Sales Stats 2011





    Beacon Hill condos sold form Jan 1, 2011 - April 28, 2011 - 37

    Average Beacon Hill condo sales price - $799,809.00

    Median Beacon Hill condos sales price - $560,000.00

    Average price per square foot for a sold Beacon Hill condo - $704.00

    Average days on the market for a Beacon Hill condo to sell - 165

    Beacon Hill condo sales 2011 Jan - Mar

    Beacon Hill condos sold

    Avg Beacon Hill condo price $823,500.00

    Med. Beacon Hill condo price $524,500.00

    Avg. price per sq ft. Beacon Hill condo $632.00

    Avg. days on market Beacon Hill condo 222

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    Boston Condos Brighton Sales Stats 2011





    Boston Brighton Condo sales - 25

    Brighton condo avg. sales price $259,510

    Brighton condo med. sales price $262,000

    Brighton condo price per sq ft $283.00

    Brighton condo days-on-market 90

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    Boston Condos Charlestown - Sales Stats





    Charlestown condo sales - 25

    Charlestown average condo - $545,019

    Charlestown median condo - $470,000

    Average price per sq ft Charlestown condo $458.00

    Average days-on-market 123

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    Fenway Condos Sales Stats 2011







    Fenway Condo Sales 2011

    Fenway condo sales 7

    Average Fenway condo price $292,500

    Median Fenway condo price $282,500

    Fenway price per sq ft $435.00

    Fenway days-on-market 237

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