the
Boston Real Estate Blog

John Ford Realty
137 Charles Street, Boston
[email protected]
617-595-3712
617-720-5454
151 Tremont Street
617-482-0010

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Boston condos for sale 1/3/15 priced $400,000

  1. 2 beds, 1 full bath
    Home size: 650 sq ft
    Year built: 1900
    Days on market: 26
    Listed with Gibson Sotheby's International Realty
  2. 3 beds, 1 full, 1 half baths
    Home size: 1,722 sq ft
    Year built: 2006
    Parking spots: 1
    Days on market: 25
    Listed with Keller Williams Realty
  3. 1 bed, 1 full bath
    Home size: 802 sq ft
    Year built: 1900
    Parking spots: 2
    Days on market: 216
    Listed with Coldwell Banker Residential Brokerage - Milton - Adams St.
  4. 2 beds, 1 full bath
    Home size: 1,266 sq ft
    Lot size: 1,266 sqft
    Year built: 1989
    Days on market: 69
    Listed with Keller Williams Realty Boston-Metro | Back Bay
  5. 1 bed, 1 full bath
    Home size: 700 sq ft
    Year built: 1890
    Days on market: 102
    Listed with Century 21 North Shore
  6. 2 beds, 2 full baths
    Home size: 1,060 sq ft
    Lot size: 6,284 sqft
    Year built: 1900
    Parking spots: 1
    Days on market: 3
    Listed with Insight Realty Group, Inc.

See all Condos in city of Boston.
(all data current as of 2/14/2016)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

South End Boston condos for sale

  1. 2 beds, 2 full, 1 half baths
    Home size: 1,097 sq ft
    Year built: 2017
    Parking spots: 1
    Days on market: 1
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  2. 3 beds, 2 full, 1 half baths
    Home size: 1,796 sq ft
    Year built: 2017
    Parking spots: 2
    Days on market: 1
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  3. 3 beds, 2 full, 1 half baths
    Home size: 1,826 sq ft
    Year built: 2017
    Parking spots: 4
    Days on market: 3
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  4. 3 beds, 2 full, 1 half baths
    Home size: 2,535 sq ft
    Year built: 2017
    Parking spots: 4
    Days on market: 3
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  5. 2 beds, 2 full baths
    Home size: 1,393 sq ft
    Year built: 2017
    Parking spots: 1
    Days on market: 3
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  6. 2 beds, 2 full, 1 half baths
    Home size: 1,102 sq ft
    Lot size: 1,102 sqft
    Year built: 1899
    Parking spots: 1
    Days on market: 3
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  7. 2 beds, 2 full, 1 half baths
    Home size: 1,509 sq ft
    Year built: 2017
    Parking spots: 1
    Days on market: 3
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  8. 2 beds, 1 full, 1 half baths
    Home size: 905 sq ft
    Year built: 1900
    Days on market: 3
    Listed with Gibson Sotheby's International Realty
  9. 1 bed, 1 full bath
    Home size: 1,095 sq ft
    Lot size: 1,095 sqft
    Year built: 1999
    Parking spots: 2
    Days on market: 3
    Listed with Keller Williams Realty Boston-Metro | Back Bay
  10. 2 beds, 2 full, 1 half baths
    Home size: 1,727 sq ft
    Year built: 1910
    Parking spots: 1
    Days on market: 4
    Listed with Boston Real Property
  11. 2 beds, 2 full baths
    Home size: 1,004 sq ft
    Lot size: 1,004 sqft
    Year built: 1999
    Parking spots: 2
    Days on market: 4
    Listed with Gibson Sotheby's International Realty
  12. 2 beds, 2 full baths
    Home size: 1,290 sq ft
    Lot size: 1,290 sqft
    Year built: 1904
    Parking spots: 2
    Days on market: 4
    Listed with Campion & Company Fine Homes Real Estate
  13. 3 beds, 3 full baths
    Home size: 2,329 sq ft
    Year built: 1900
    Parking spots: 2
    Days on market: 4
    Listed with Gibson Sotheby's International Realty
  14. 1 bed, 1 full bath
    Home size: 734 sq ft
    Year built: 1890
    Parking spots: 2
    Days on market: 4
    Listed with Coldwell Banker Residential Brokerage - Cambridge - Mass Ave.
  15. 1 bed, 1 full bath
    Home size: 684 sq ft
    Year built: 1865
    Days on market: 5
    Listed with Boston Realty NET.com, Inc.
  16. 2 beds, 2 full baths
    Home size: 1,867 sq ft
    Lot size: 1,867 sqft
    Year built: 1899
    Parking spots: 2
    Days on market: 9
    Listed with Coldwell Banker Residential Brokerage-Boston-Commonwealth Avenue
  17. 1 bed, 1 full bath
    Home size: 819 sq ft
    Lot size: 819 sqft
    Year built: 1899
    Parking spots: 1
    Days on market: 11
    Listed with Luxury Residential Group, LLC
  18. 1 bed, 1 full bath
    Home size: 704 sq ft
    Lot size: 704 sqft
    Year built: 1988
    Days on market: 11
    Listed with Ascend Realty Group
  19. 2 beds, 2 full baths
    Home size: 1,409 sq ft
    Year built: 1914
    Parking spots: 1
    Days on market: 11
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  20. 3 beds, 3 full, 1 half baths
    Home size: 2,661 sq ft
    Year built: 1899
    Parking spots: 2
    Days on market: 16
    Listed with Gibson Sotheby's International Realty
  21. 2 beds, 1 full bath
    Home size: 720 sq ft
    Lot size: 435 sqft
    Year built: 1900
    Parking spots: 1
    Days on market: 17
    Listed with Keller Williams Realty Boston-Metro | Back Bay
  22. 2 beds, 1 full bath
    Home size: 1,482 sq ft
    Lot size: 1,482 sqft
    Year built: 1900
    Parking spots: 2
    Days on market: 19
    Listed with Compass Massachusetts, LLC
  23. 3 beds, 3 full baths
    Home size: 1,873 sq ft
    Year built: 1865
    Parking spots: 1
    Days on market: 25
    Listed with Campion & Company Fine Homes Real Estate
  24. 3 beds, 3 full, 1 half baths
    Home size: 2,626 sq ft
    Year built: 1865
    Parking spots: 1
    Days on market: 25
    Listed with Campion & Company Fine Homes Real Estate

See all Condos in South End community.
(all data current as of 2/14/2016)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Boston condos for sale under $400k 12/9/15

  1. 1 bed, 1 full bath
    Home size: 812 sq ft
    Listed with Coldwell Banker Residential Brokerage - Milton - Adams St.
  2. 2 beds, 2 full baths
    Home size: 1,265 sq ft
    Listed with Compass Massachusetts, LLC
  3. 2 beds, 2 full baths
    Home size: 925 sq ft
    Listed with Compass Massachusetts, LLC
  4. 2 beds, 2 full baths
    Home size: 925 sq ft
    Listed with Compass Massachusetts, LLC
  5. 2 beds, 2 full baths
    Home size: 1,275 sq ft
    Listed with Compass Massachusetts, LLC

See all Condos in city of Boston.
(all data current as of 2/14/2016)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Boston condos in the North End

  1. 1 bed, 1 full bath
    Home size: 496 sq ft
    Year built: 2016
    Days on market: 3
    Listed with PSR Real Estate
  2. 1 bed, 1 full bath
    Home size: 647 sq ft
    Year built: 1899
    Parking spots: 1
    Days on market: 3
    Listed with Otis & Ahearn - 84 Atlantic
  3. 1 bed, 1 full bath
    Home size: 978 sq ft
    Year built: 1899
    Days on market: 4
    Listed with Coldwell Banker Residential Brokerage-Boston-Commonwealth Avenue
  4. 2 beds, 2 full baths
    Home size: 1,180 sq ft
    Year built: 1900
    Days on market: 12
    Listed with Compass Massachusetts, LLC
  5. 2 beds, 1 full bath
    Home size: 650 sq ft
    Year built: 1900
    Days on market: 26
    Listed with Gibson Sotheby's International Realty
  6. 1 bed, 1 full, 1 half baths
    Home size: 785 sq ft
    Year built: 2016
    Days on market: 31
    Listed with
  7. 2 beds, 1 full bath
    Home size: 558 sq ft
    Year built: 1899
    Days on market: 37
    Listed with Greater Metropolitan R. E.
  8. 1 bed, 1 full bath
    Home size: 481 sq ft
    Year built: 2016
    Days on market: 37
    Listed with
  9. 1 bed, 1 full bath
    Home size: 831 sq ft
    Year built: 1890
    Days on market: 60
    Listed with New Wave Boston Real Estate
  10. 1 bed, 1 full bath
    Home size: 732 sq ft
    Lot size: 732 sqft
    Year built: 2006
    Parking spots: 2
    Days on market: 101
    Listed with Pioneer Realty Group

See all Condos in North End community.
(all data current as of 2/14/2016)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Boston North End condos for sale $400k – $500k

  1. 2 beds, 1 full bath
    Home size: 650 sq ft
    Year built: 1900
    Days on market: 26
    Listed with Gibson Sotheby's International Realty
  2. 2 beds, 1 full bath
    Home size: 558 sq ft
    Year built: 1899
    Days on market: 37
    Listed with Greater Metropolitan R. E.

See all Condos in North End community.
(all data current as of 2/14/2016)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Radar Logic creates index to track housing prices in 25 markets; better than Case-Shiller

Last week I had the pleasure of finally meeting Jonathan Miller, co-founder, principal, President and CEO of residential real estate appraisal firm Miller Samuel, co-founder and managing principal of commercial real estate appraisal firm Miller Cicero, writer of the Matrix real estate blog, and, now, co-founder employee of Radar Logic.

Radar Logic is a new company focused on analyzing the real estate sales market on a local and national level.

It’s first product, the Radar Logic Index (RPX), is “a single, statistically accurate value representing the price per square foot paid in a define Metropolitan Statistical Area (MSA) on any given day.” The index will cover 25 MSA’s, at first.

Again, it will be updated daily. This is unheard of.

As well, they will produce three daily price values based on daily, 7-day and 28-day time periods.

From what I understand, the Radar Logic Index will be a measured improvement from what is currently available.

The much-vaunted S&P/Case-Shiller Home Price Indices, by comparison, only includes resale data when calculating market values; RPX, by comparison, includes both new and existing home sales. Oh, and the Case-Shiller indices only include single-family homes; RPX includes single-family homes and condominiums (and co-operatives?).

The company’s announcement hasn’t received much press, yet. (I guess the media can only handle one real estate story a month?)

I expect that to change, very soon.

Globe breaks story we already knew about …

So, the Herald is going to sell its building and (more lucratively) its six-acres of land.

The Globe story on the announcement includes this paragraph:

Other developers are also looking at the neighborhood. A city official who requested anonymity because no official action has been taken said developers has shown the Boston Redevelopment Authority a preliminary proposal at a neighboring site, at 275 Albany St., to build a 25-story complex with 290 housing units and a 150-room hotel.

It makes it sound as if it’s a secret what’s going on around there.

Um, no.

The property at 275 Albany Street is the <<< parking lot next to the >>> old (1970) Teradyne building, sold last year to Normandy Real Estate Partners.

Everyone assumed it was going to be redeveloped.

Mostly, because that’s what the developer itself has been saying on its website:

275 Albany Street
Boston, Massachusetts

Highlights

* This 1.27-acre site is slated for a mixed-use development with a hotel, retail, and rental apartments
* Located in the SOWA district, which features many loft-style condominiums, art galleries, bakeries, trendy eateries, and retail
* Boston Convention Center and the Seaport District are just 10 minutes away
* MBTA Silver Line is just 1 block from the property

Summary Description

This mixed-use development site, ideally located in downtown Boston, will offer spectacular views of the Financial District to the North, Back Bay to the West, and South Boston and the waterfront to the East. Located in this trendy, upscale area, just 2 blocks south of Washington Street, the property provides access to buses and is just 7 minutes to the BU Medical Center. The site is directly adjacent to Route 93 and the Mass Pike, so visibility and access will be exceptional.

ZipRealty agents make less than you might think (and less than they would prefer, most likely)

Buried in an Inman News story about ZipRealty’s second quarter revenues was this morsel:

The company employed 2,070 agents as of June 30, up 24 percent compared to its agent count at the close of second-quarter 2006. ZipRealty’s value of real estate transactions closed climbed to $1.41 billion in second-quarter 2007, up 10.6 percent compared to second-quarter 2006 …

… Average agent productivity is expected to be approximately 0.6 to 0.7 transactions per agent per month, with average net revenue per transaction of about $6,500 to $7,000.

Wait, what?

Average agent productivity is 0.65 transactions per month???

I think that’s a low average, and especially low for a company such as ZipRealty, whose business model seems to be based on quantity, not quality.

I’m just sayin’ …

Source: ZipRealty announces $1 million Q2 loss – Inman News (may not be available without subscription)

Partially-inaccurate information on Globe’s real estate blog

Well, I hesitate to mention it, at all, but in the end figured it was alright to say something.

The other day, someone on the Globe’s real estate blog a real estate agent wrote the following:

The opposite of “subprime mortgage” is not “prime mortgage”; it’s a “conforming” mortgage. To get a conforming (or conventional) loan, borrowers must conform to rigid standards developed by mortgage lenders. These standards are not exact; there is some judgment involved. An applicant is judged on these factors: income to support the requested mortgage plus all other debt the borrowers has outstanding, credit history, job stability, and assets.

Not really.

First off, a “conventional” loan is not the same as a “conforming” loan.

A conventional loan is one that is not backed by the Federal Housing Administration (FHA) or Veteran’s Administration (VA).

Conventional loans are secured by government sponsored entities or GSEs such as Fannie Mae and Freddie Mac. Conventional loans can be made to purchase or refinance homes with first and second mortgages on single family to four family homes.

Conventional loans may be conforming or non-conforming.

Second off, while there are other criteria that makes a loan “conforming” (as the writer says), the most important one (and the one she didn’t mention) is that a loan is only conforming if it is within Fannie Mae and Freddie Mac loan limits.

In general, Fannie Mae and Freddie Mac’s single family, first mortgage loan limit is $417,000 … This limit is reviewed annually and, if needed, changed to reflect changes in the national average price for single family homes. The current loan limit applies to all conventional mortgages delivered after January 1, 2006.

(The limit wasn’t raised in 2007.)

Nonconforming loans — instruments which don’t meet Fannie Mae or Freddie Mac qualifications — are also considered conventional.

Another category of loans, jumbo loans, falls outside of Fannie Mae eligibility but is also considered conventional. A jumbo loan is a loan that’s too large to be eligible to be traded by the two main loan purchasers.

So, a jumbo loan may be considered “conventional”, but it won’t be “conforming” because it won’t be sold on the secondary market by Freddie Mac or Fannie Mae. (I’m under the impression that these jumbo loans are actually sold, but not sure how the process differs from conforming loans.)

I hesitated to mention it, first because I thought it bad behavior, second because I am never sure I get my facts right!

( ** Loans made in downtown Boston, therefore, are often “jumbo loans”, since the amount borrowed is higher than the set limit of $417,000. Jumbo loans often have higher interest rates than traditional mortgage loans – because of the added exposure to the lender, and because of the added risk to the buyers on loans on the secondary market. Or, either. Or, both.)

Bottom line: Ask your mortgage broker.

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