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: 1,000 sq ft
    Lot size: 1,000 sqft
    Year built: 1930
    Parking spots: 2
    Days on market: 4
    Listed with Town Property Group
  2. 2 beds, 1 full, 1 half baths
    Home size: 1,151 sq ft
    Lot size: 1,151 sqft
    Year built: 1905
    Days on market: 4
    Listed with RE/MAX Destiny
  3. 2 beds, 1 full bath
    Home size: 760 sq ft
    Lot size: 760 sqft
    Year built: 1920
    Days on market: 11
    Listed with Red Tree Real Estate
  4. 3 beds, 2 full baths
    Home size: 1,600 sq ft
    Lot size: 5,662 sqft
    Year built: 1935
    Parking spots: 4
    Days on market: 47
    Listed with Capital Realty
  5. 2 beds, 2 full baths
    Home size: 1,275 sq ft
    Year built: 2006
    Parking spots: 3
    Days on market: 79
    Listed with Compass Massachusetts, LLC
  6. 0 beds, 1 full bath
    Home size: 506 sq ft
    Year built: 2006
    Days on market: 4
    Listed with Gibson Sotheby's International Realty
  7. 1 bed, 1 full bath
    Home size: 619 sq ft
    Lot size: 619 sqft
    Year built: 1900
    Days on market: 17
    Listed with Boston Trust Realty Group
  8. 3 beds, 1 full bath
    Home size: 1,300 sq ft
    Lot size: 5,009 sqft
    Year built: 1910
    Parking spots: 1
    Days on market: 73
    Listed with Century 21 North Shore
  9. 2 beds, 1 full bath
    Home size: 898 sq ft
    Lot size: 898 sqft
    Year built: 1935
    Days on market: 2
    Listed with Fitzpatrick Real Estate
  10. 2 beds, 1 full bath
    Home size: 802 sq ft
    Year built: 1920
    Days on market: 6
    Listed with Estate Residential Group LLC.

See all Condos in city of Boston.
(all data current as of 5/1/2016)

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

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

  1. 2 beds, 1 full bath
    Home size: 883 sq ft
    Year built: 1910
    Parking spots: 1
    Days on market: 3
    Listed with Century 21 Cityside
  2. 1 bed, 1 full bath
    Home size: 980 sq ft
    Lot size: 980 sqft
    Year built: 1930
    Days on market: 4
    Listed with William Raveis R. E. & Home Services

See all Condos in city of Boston.
(all data current as of 5/1/2016)

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

South End Boston condos for sale

  1. 2 beds, 2 full baths
    Home size: 974 sq ft
    Year built: 1998
    Parking spots: 1
    Days on market: 3
    Listed with Fenway Properties
  2. 3 beds, 2 full, 1 half baths
    Home size: 1,181 sq ft
    Lot size: 1,181 sqft
    Year built: 1890
    Days on market: 3
    Listed with Keller Williams Realty Boston-Metro | Back Bay
  3. 3 beds, 2 full baths
    Home size: 1,650 sq ft
    Lot size: 1,650 sqft
    Year built: 1899
    Days on market: 3
    Listed with Keller Williams Realty Boston-Metro | Back Bay
  4. 1 bed, 1 full bath
    Home size: 675 sq ft
    Year built: 1890
    Days on market: 3
    Listed with Hammond Residential
  5. 2 beds, 1 full bath
    Home size: 713 sq ft
    Year built: 1900
    Days on market: 3
    Listed with Coldwell Banker Residential Brokerage - Boston - South End
  6. 2 beds, 1 full, 1 half baths
    Home size: 988 sq ft
    Year built: 1890
    Days on market: 3
    Listed with Gibson Sotheby's International Realty
  7. 2 beds, 2 full, 1 half baths
    Home size: 1,505 sq ft
    Year built: 1900
    Parking spots: 2
    Days on market: 4
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.
  8. 0 beds, 1 full bath
    Home size: 506 sq ft
    Year built: 2006
    Days on market: 4
    Listed with Gibson Sotheby's International Realty
  9. 2 beds, 2 full, 1 half baths
    Home size: 1,290 sq ft
    Lot size: 1,290 sqft
    Year built: 1899
    Parking spots: 1
    Days on market: 4
    Listed with Otis & Ahearn, Inc.
  10. 1 bed, 1 full bath
    Home size: 645 sq ft
    Lot size: 645 sqft
    Year built: 1899
    Parking spots: 1
    Days on market: 4
    Listed with Keller Williams Realty
  11. 1 bed, 1 full bath
    Home size: 1,124 sq ft
    Year built: 1999
    Parking spots: 2
    Days on market: 4
    Listed with Hammond Residential
  12. 1 bed, 1 full bath
    Home size: 761 sq ft
    Lot size: 761 sqft
    Year built: 1899
    Days on market: 4
    Listed with Compass Massachusetts, LLC
  13. 1 bed, 1 full bath
    Home size: 646 sq ft
    Year built: 1899
    Days on market: 5
    Listed with Charlesgate Realty Group, llc
  14. 2 beds, 1 full, 1 half baths
    Home size: 930 sq ft
    Lot size: 930 sqft
    Year built: 1910
    Parking spots: 1
    Days on market: 5
    Listed with The Collaborative Companies
  15. 1 bed, 1 full bath
    Home size: 635 sq ft
    Lot size: 635 sqft
    Year built: 1899
    Days on market: 5
    Listed with Coldwell Banker Residential Brokerage - Boston - South End
  16. 1 bed, 1 full bath
    Home size: 1,265 sq ft
    Lot size: 1,265 sqft
    Year built: 1910
    Parking spots: 1
    Days on market: 5
    Listed with ePlace
  17. 2 beds, 2 full baths
    Home size: 1,265 sq ft
    Year built: 1910
    Parking spots: 1
    Days on market: 6
    Listed with Columbus and Over Group, LLC
  18. 1 bed, 1 full bath
    Home size: 742 sq ft
    Year built: 2017
    Days on market: 6
    Listed with The Collaborative Companies
  19. 1 bed, 1 full, 1 half baths
    Home size: 1,364 sq ft
    Year built: 2005
    Parking spots: 2
    Days on market: 6
    Listed with Columbus and Over Group, LLC
  20. 3 beds, 3 full baths
    Home size: 1,930 sq ft
    Year built: 1920
    Parking spots: 1
    Days on market: 7
    Listed with Boston Portfolio Properties, LLC
  21. 0 beds, 1 full bath
    Home size: 611 sq ft
    Year built: 2017
    Days on market: 8
    Listed with The Collaborative Companies
  22. 2 beds, 2 full, 1 half baths
    Home size: 1,440 sq ft
    Year built: 2016
    Parking spots: 1
    Days on market: 10
    Listed with Hammond Residential
  23. 2 beds, 2 full baths
    Home size: 796 sq ft
    Year built: 1988
    Days on market: 10
    Listed with CW Realty
  24. 1 bed, 2 full baths
    Home size: 1,117 sq ft
    Lot size: 1,117 sqft
    Year built: 1999
    Parking spots: 2
    Days on market: 10
    Listed with Coldwell Banker Residential Brokerage - Boston - Newbury St.

See all Condos in South End community.
(all data current as of 5/1/2016)

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

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

  1. 2 beds, 1 full bath
    Home size: 1,114 sq ft
    Lot size: 1,114 sqft
    Listed with Lamacchia Realty, Inc.
  2. 2 beds, 2 full baths
    Home size: 1,260 sq ft
    Lot size: 1,269 sqft
    Listed with Louise Condon Realty
  3. 3 beds, 1 full, 1 half baths
    Home size: 1,309 sq ft
    Listed with Maloney Properties, Inc.
  4. 2 beds, 1 full bath
    Home size: 666 sq ft
    Listed with Unlimited Sotheby's International Realty
  5. 1 bed, 1 full bath
    Home size: 545 sq ft
    Lot size: 545 sqft
    Listed with Prime Realty Group, Inc.

See all Condos in city of Boston.
(all data current as of 5/1/2016)

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

Boston condos in the North End

  1. 2 beds, 1 full bath
    Home size: 863 sq ft
    Year built: 1920
    Parking spots: 1
    Days on market: 12
    Listed with CL Waterfront Properties
  2. 1 bed, 1 full, 1 half baths
    Home size: 1,028 sq ft
    Year built: 1900
    Days on market: 26
    Listed with The Charles Realty
  3. 2 beds, 1 full bath
    Home size: 726 sq ft
    Year built: 1900
    Days on market: 32
    Listed with Gibson Sotheby's International Realty
  4. 2 beds, 2 full baths
    Home size: 1,056 sq ft
    Lot size: 528 sqft
    Year built: 1900
    Days on market: 34
    Listed with Otis & Ahearn - 84 Atlantic
  5. 3 beds, 1 full bath
    Home size: 1,098 sq ft
    Year built: 1899
    Days on market: 74
    Listed with Christopher P. Olson
  6. 1 bed, 1 full, 1 half baths
    Home size: 785 sq ft
    Year built: 2016
    Days on market: 108
    Listed with PSR Real Estate
  7. 1 bed, 1 full bath
    Home size: 481 sq ft
    Year built: 2016
    Days on market: 114
    Listed with PSR Real Estate

See all Condos in North End community.
(all data current as of 5/1/2016)

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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