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. 1 bed, 1 full bath
    Home size: 380 sq ft
    Year built: 1899
    Days on market: 3
    Listed with The Boston Realty Group, LLC
  2. 1 bed, 1 full bath
    Home size: 701 sq ft
    Lot size: 701 sqft
    Year built: 1920
    Parking spots: 2
    Days on market: 9
    Listed with Otis & Ahearn - 84 Atlantic
  3. 3 beds, 2 full, 1 half baths
    Home size: 1,787 sq ft
    Year built: 1915
    Days on market: 14
    Listed with Tony's Realty
  4. 2 beds, 2 full baths
    Home size: 1,072 sq ft
    Year built: 2004
    Parking spots: 2
    Days on market: 16
    Listed with Re/Max Achievers
  5. 3 beds, 2 full baths
    Home size: 1,094 sq ft
    Year built: 1900
    Parking spots: 1
    Days on market: 20
    Listed with Kunevich & Lau Realty Allston
  6. 1 bed, 1 full bath
    Home size: 586 sq ft
    Lot size: 586 sqft
    Year built: 1890
    Days on market: 21
    Listed with Rise Realty
  7. 1 bed, 1 full bath
    Home size: 1,570 sq ft
    Lot size: 3,508 sqft
    Year built: 1950
    Parking spots: 1
    Days on market: 37
    Listed with Keller Williams Realty Boston South West
  8. 0 beds, 1 full bath
    Home size: 567 sq ft
    Lot size: 567 sqft
    Year built: 1899
    Parking spots: 2
    Days on market: 38
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  9. 3 beds, 1 full bath
    Home size: 1,077 sq ft
    Year built: 1920
    Days on market: 54
    Listed with Crystal Realty Assoc., Inc.
  10. 3 beds, 2 full baths
    Home size: 1,314 sq ft
    Lot size: 1,314 sqft
    Year built: 1920
    Parking spots: 2
    Days on market: 56
    Listed with Unit Realty Group, LLC
  11. 2 beds, 2 full baths
    Home size: 1,245 sq ft
    Year built: 2005
    Parking spots: 2
    Days on market: 59
    Listed with Colonnade Realty, Inc.
  12. 0 beds, 1 full bath
    Home size: 668 sq ft
    Year built: 1887
    Days on market: 61
    Listed with Mass Realty Advisors
  13. 1 bed, 1 full, 1 half baths
    Home size: 1,049 sq ft
    Year built: 2015
    Parking spots: 1
    Days on market: 67
    Listed with RE/MAX Realty Plus
  14. 3 beds, 2 full baths
    Home size: 1,051 sq ft
    Year built: 1930
    Parking spots: 3
    Days on market: 142
    Listed with City Realty Group

See all Condos in city of Boston.
(all data current as of 9/28/2016)

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

New Boston condos for sale January 3rd priced $375,000

  1. 3 beds, 2 full baths
    Home size: 1,091 sq ft
    Lot size: 1,452 sqft
    Year built: 1890
    Days on market: 85
    Listed with RE/MAX Home Team
  2. 3 beds, 2 full, 1 half baths
    Home size: 1,494 sq ft
    Lot size: 1,953 sqft
    Year built: 2002
    Parking spots: 1
    Days on market: 145
    Listed with Crystal Realty Assoc., Inc.

See all Condos in city of Boston.
(all data current as of 9/28/2016)

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

South End Boston condos for sale

  1. 2 beds, 1 full bath
    Home size: 886 sq ft
    Year built: 2006
    Parking spots: 2
    Days on market: 1
    Listed with The Hammond Group
  2. 1 bed, 1 full bath
    Home size: 666 sq ft
    Lot size: 666 sqft
    Year built: 1985
    Days on market: 1
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  3. 1 bed, 2 full baths
    Home size: 1,111 sq ft
    Lot size: 1,111 sqft
    Year built: 2006
    Parking spots: 4
    Days on market: 2
    Listed with Branch Out Realty
  4. 1 bed, 1 full bath
    Home size: 639 sq ft
    Lot size: 639 sqft
    Year built: 1890
    Days on market: 2
    Listed with Gibson Sotheby's International Realty
  5. 1 bed, 1 full bath
    Home size: 605 sq ft
    Year built: 1875
    Days on market: 6
    Listed with The Hammond Group
  6. 1 bed, 1 full bath
    Home size: 735 sq ft
    Lot size: 735 sqft
    Year built: 1899
    Days on market: 6
    Listed with Realty Executives
  7. 2 beds, 2 full baths
    Home size: 1,140 sq ft
    Lot size: 1,140 sqft
    Year built: 1899
    Parking spots: 1
    Days on market: 7
    Listed with Campion & Company Fine Homes Real Estate
  8. 2 beds, 2 full, 1 half baths
    Home size: 1,648 sq ft
    Year built: 1890
    Parking spots: 1
    Days on market: 7
    Listed with Coldwell Banker Residential Brokerage - Boston - South End
  9. 2 beds, 1 full bath
    Home size: 884 sq ft
    Parking spots: 1
    Days on market: 7
    Listed with The Hammond Group
  10. 2 beds, 1 full bath
    Home size: 900 sq ft
    Lot size: 900 sqft
    Year built: 1900
    Parking spots: 1
    Days on market: 7
    Listed with Full Circle Realty LLC
  11. 4 beds, 1 full, 1 half baths
    Home size: 938 sq ft
    Year built: 1896
    Days on market: 8
    Listed with Marc Roos Realty
  12. 1 bed, 1 full bath
    Home size: 694 sq ft
    Lot size: 759 sqft
    Year built: 1899
    Days on market: 8
    Listed with South End Realty Group
  13. 1 bed, 1 full bath
    Home size: 874 sq ft
    Year built: 2015
    Parking spots: 1
    Days on market: 8
    Listed with The Collaborative Companies
  14. 2 beds, 2 full baths
    Home size: 1,080 sq ft
    Year built: 1860
    Parking spots: 1
    Days on market: 8
    Listed with RE/MAX Leading Edge
  15. 2 beds, 2 full, 1 half baths
    Home size: 1,541 sq ft
    Lot size: 1,541 sqft
    Year built: 1910
    Parking spots: 2
    Days on market: 8
    Listed with Coldwell Banker Residential Brokerage - Boston - South End
  16. 1 bed, 1 full, 1 half baths
    Home size: 696 sq ft
    Lot size: 696 sqft
    Year built: 1875
    Days on market: 8
    Listed with Coldwell Banker Residential Brokerage-Boston-Commonwealth Avenue
  17. 2 beds, 2 full baths
    Home size: 938 sq ft
    Lot size: 938 sqft
    Year built: 1866
    Parking spots: 1
    Days on market: 8
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  18. 2 beds, 2 full baths
    Home size: 1,687 sq ft
    Year built: 1916
    Parking spots: 2
    Days on market: 10
    Listed with Citylife Real Estate
  19. 4 beds, 3 full baths
    Home size: 2,281 sq ft
    Year built: 1890
    Days on market: 10
    Listed with Coldwell Banker Residential Brokerage - Boston - South End
  20. 3 beds, 2 full, 1 half baths
    Home size: 2,055 sq ft
    Year built: 1899
    Parking spots: 1
    Days on market: 13
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  21. 1 bed, 1 full bath
    Home size: 732 sq ft
    Lot size: 732 sqft
    Year built: 1900
    Days on market: 14
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  22. 3 beds, 2 full baths
    Home size: 1,466 sq ft
    Lot size: 1,466 sqft
    Year built: 1860
    Parking spots: 1
    Days on market: 14
    Listed with The Hammond Group
  23. 1 bed, 1 full, 1 half baths
    Home size: 1,000 sq ft
    Lot size: 1,120 sqft
    Year built: 1866
    Days on market: 14
    Listed with Red Brick Real Estate, LLC
  24. 2 beds, 2 full baths
    Home size: 1,051 sq ft
    Lot size: 1,051 sqft
    Year built: 2001
    Parking spots: 1
    Days on market: 14
    Listed with The Hammond Group

See all Condos in South End community.
(all data current as of 9/28/2016)

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: 750 sq ft
    Lot size: 750 sqft
    Listed with Real Living Realty Group
  2. 1 bed, 1 full bath
    Home size: 695 sq ft
    Lot size: 695 sqft
    Listed with William Raveis R. E. & Home Services
  3. 2 beds, 1 full bath
    Home size: 853 sq ft
    Lot size: 853 sqft
    Listed with McCormack & Scanlan LLC
  4. 2 beds, 1 full bath
    Home size: 984 sq ft
    Lot size: 984 sqft
    Listed with RE/MAX Destiny
  5. 2 beds, 1 full bath
    Home size: 812 sq ft
    Lot size: 812 sqft
    Listed with Unlimited Sotheby's International Realty

See all Condos in city of Boston.
(all data current as of 9/28/2016)

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

Boston condos in the North End

  1. 1 bed, 1 full bath
    Home size: 790 sq ft
    Year built: 1910
    Days on market: 2
    Listed with Gibson Sotheby's International Realty
  2. 2 beds, 1 full bath
    Home size: 740 sq ft
    Lot size: 740 sqft
    Year built: 1900
    Days on market: 2
    Listed with Goodrich Residential, LLC
  3. 2 beds, 1 full, 1 half baths
    Home size: 1,328 sq ft
    Lot size: 1,328 sqft
    Year built: 1899
    Days on market: 8
    Listed with Gibson Sotheby's International Realty
  4. 3 beds, 2 full baths
    Home size: 1,259 sq ft
    Lot size: 1,293 sqft
    Year built: 1900
    Days on market: 17
    Listed with Downtown Boston Realty
  5. 2 beds, 2 full baths
    Home size: 830 sq ft
    Year built: 2016
    Days on market: 23
    Listed with PSR Real Estate
  6. 2 beds, 2 full, 1 half baths
    Home size: 1,226 sq ft
    Year built: 2006
    Parking spots: 4
    Days on market: 23
    Listed with Luxury Residential Group, LLC
  7. 3 beds, 3 full baths
    Home size: 2,329 sq ft
    Year built: 1976
    Parking spots: 4
    Days on market: 119
    Listed with CL Waterfront Properties
  8. 2 beds, 2 full, 1 half baths
    Home size: 1,178 sq ft
    Year built: 1899
    Parking spots: 1
    Days on market: 150
    Listed with Credentials Realty

See all Condos in North End community.
(all data current as of 9/28/2016)

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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