This chart compares the median condo price in the first seven months of 2005 to the median condo price in the first seven months of 2013.
Clearly, the biggest gainer is Midtown and Midtown can thank Millennium Place for the impressive increase.
This visual reflects how many multifamily homes sold in each market in the first eight months of the year. How do the sales compare to last year? Check out my featured post in Curbed and find out!
The finishes start to sing.
Check out the finishes from these recent Jones Hill sales.
I think they were definitely singing that old New England real estate tune, “Buy Me.”
Click “read more” to check out some more Jones Hill finishes.
How can you tell if you have achieved awesomeness in Charlestown real estate?
It starts by having a 10 for location. Not a 9, a 10.
Hardwood floors, high ceilings, stainless steel appliances, granite counters, laundry and extra storage certainly helps.
But an incredible roof deck and minsicule price ($425K) puts you over the top.
Check out my new 2-bedroom listing at 58 Winthrop. I will be there this Saturday 11:30-1 and Sunday 12-2.
How is the condo market? Kind of depends where you live, right? I compared sales versus 2013 and saw that in Dorchester condo sales are surging. In South Boston, they are rolling. And in a few Boston markets, quite frankly the transaction counts have taken a step backwards. Find out more about the markets in my featured post in Curbed.
Lately, my real estate deals have been moving at warp speed. The property goes under agreement, I blink and it has closed.
This terrific three family in a red-hot part of Dorchester went from accepted offer to a closing table in just 15 days. The Brookline condo and single family I recently sold also closed at similar paces.
Of course, not everybody and every deal is built for speed, so if this keeps up, I might have to ask that all my real estate clients wear seat belts.
Were you looking for a few good square feet? I reviewed the first seven months of Boston’s condo sales and it looks like they had some really nice square feet over at 2 Com Ave. Those would have set you back about $2750 per square foot. Didn’t feel like spending that much? Well, then the ones over at 400 Stuart Street – Unit 15A might have looked like a bargain at only $1,434, you know what I’m saying…LOL.
Boston, on a more serious note, here’s the highest price paid for condo square feet in the city in the first seven months!
Did you hear about the Realtor who had a buyer who wanted something that didn’t exist?
That client’s name was “50% of their book of business.”
Despite the fact that the Greater Boston MLS has tens of thousands of homes for sale, once a buyer compares their needs, wants and aspirations for a home against the available inventory it will be lucky if even three look like potential purchases. Furthermore, upon visiting the three potential new homes, it’s not uncommon for all of them to be quickly ruled out. So, will the type of home the buyer is looking for ever come up for sale? Certainly I hope so. The numbers bear out that buyers probably will find their next home, but one thing usually happens first.
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About David Bates
David Bates is a top producing real estate agent who has sold condominiums, single families, and investment property in a variety of Boston neighborhoods and many of the city's better suburbs.
His insights appear not only in in this original content blog, but also in the most established local media, including Banker and Tradesman, Boston Magazine, Boston.Curbed.com, The Boston Globe, The Boston Herald, Bloomberg News and NECN.
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