boston-condo-market

This weekend I was confused by the wide range of observations regarding the economy/real estate market. For example some headlines from various newspapers over the weekend:

* Jobs lost in March 663,000
* Total jobs lost in this recession 5.1 million
* Unemployment 8.5%
* Small business owners face credit crunch
* Worse unemployment rate since 1983

Yet, with all the bad news reported by the newspapers my agents tell me that Sunday Open Houses from Back Bay, Cambridge and Brookline were very busy yesterday. Here’s another observation of the 8 properties that this office has currently under agreement 4 went into bidding wars, which were:

21 Beacon Street 4Q – Beacon Hill – MLS # 70883619
11 Joy Street #4 – Beacon Hill – MLS # 7086603
4 Phillip Street #3 – Beacon Hill – MLS # 7089050
15 Hawthorne Street – Davis Sq. Somerville – MLS # 7082006

The other 4 listings under agreement on average were within 96% of asking price. Is this just a fluke? A recession and real estate bidding wars?

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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