My featured post in Curbed this week focused on an actual incident that occurred when a buyer of mine said he was considering either buying a condominium or continuing renting and buying a car.
I did some numbers and incredibly, if he became a homeowner, not only would he he actually own a bigger and better place, but with the money saved over renting, he could throw in the cost of the car and still have a lower monthly payment than renting. Incredible!
My featured column on Curbed this week focuses on the benefits of buying now.
In the post, I discuss how buying now = comparative savings.
I show how through acquisition costs, monthly mortgage payments, and building equity faster, a tremendous amount of comparative money can be saved if you buy now.
How much money?
Check out my post and find out!
My column for Banker and Tradesman focused on the new real estate world, a world in which newly listed homes are greeted as if they are visiting teen idols.
What new situations do agents find themselves in?
How prevalent are multiple offers in our market?
What are the circumstances behind a seller’s unusual counter offer for an offer that was already over-ask?
Become a member at B and T and find out.
My featured post in Curbed this week focuses on how prolific over-ask offers have become in the Greater Boston Condominium Market.
It’s the new normal.
There are six Greater Boston neighborhoods I identified where more than half of April condo sales closed for over-ask. Where are they?
How much more than the asking price were buyer’s willing to offer?
Which price range garnered the highest percentage of over-ask offers?
My featured column on Curbed this week (Lies, Damn Lies, and Boston Real Estate Statistics) focused on real estate statistics.
Why do the statistics I use paint a completely different picture of the market than the statistics used by the The Massachusetts Association of Realtors and the blog Boston Real Estate Now?
This post shows some absolutely incredible market times in many of Greater Boston’s best neighborhoods, including Brookline, Jamaica Plain, South Boston and the South End.
The numbers many sources use show the local market’s pace is about as fast as your dad’s minivan, while the numbers I use show a speed that would make NASCAR proud. What’s the difference?
What’s the surcharge you are paying for real estate safety?
My featured column in Curbed focused on the decisions people make to be safe in real estate.
They choose amenities such as safer neighborhoods, upper floors, doorman buildings and long term fixed-rate mortgages.
What are the costs associated with safety?
The lead for my column at Banker and Tradesman this month was about a veteran Beacon Hill agent who told me he could list a dog house and get five offers on it in 24-hours. Of course, I wondered if the offers would be just a few percentage points in excess of the list price or if the bidding for the dog house get even crazier?
I also pointed out that recently, by my count, there were fewer than five hundred Boston condos available to buy. That total included all the condos available in every Boston neighborhood. In the column I noted that on the same day just two Aprils ago, Boston had around 2,000 condos available for sale. What happened? I speculated, “Did Jillian Michaels yell at the city and force it to radically trim its condo waistline?” My response: “I don’t know, but take it easy Boston, your condo market is looking kind of, well, anorexic.”
The column focused on the low inventory’s impact on prices. I also reviewed inventory for the last five springs and found only one year that Boston condo inventory was even 10% higher on June 1 than it was on April 1. My response to that critical piece of trivia: “Uh,oh”
Check out Banker and Tradesman, the paper of record for Boston real estate. Unfortunately it’s a membership only publication, but if you email me, I will send you the article.
My featured post on Curbed this week ran a day early.
That’s because it focused on the incredibly tragic events at the Boston Marathon.
My office is so close to the site, that many news reporters now surround it.
The day before the Marathon, I took my son to the finish line, where we made this picture.
Check out my post in the South End Patch where I reviewed key numbers concerning March Sales.
The sales numbers showed that the amount of marketing time needed to find a ready, willing and able buyer had plummeted.
Even more revealing was days-on-market number for “under agreement” condos.
David Bates is a realtor in Greater Boston. In addition to this blog, he writes for various publications about the real estate market, including www.Boston.Curbed.com and Banker and Tradesman.
If you like Dave's insights about the market, then--obviously--you should consider doing business with him.
When you consider doing business with Dave, contact him by email or cell.
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