Tag Archive for 'Boston condominium market'

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Towns Rush Past Their 2005 Peak Values!

Home values in Cambridge, Arlington and Brookline have all shot past their peaks reached during the bubble years,

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2013 Spring Market – Forbes

pringtime is for selling houses. The months of April, May, June and July typically account for more than 40% of all housing transactions annually, in large part thanks to weather.

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Big Leap In Spring Sales

Will dwindling listings derail the real estate recovery?

At least for now, the answer is no.

The number of pending sales across the state jumped 4.6 percent in March compared to the same time last year, the Massachusetts Association of Realtors reports.

In fact, the 4,308 homes put under agreement was the best showing since March 2005, at the height of the real estate bubble, when buyers laid claim to 4,404 homes.

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January Sales At Highest In Five Years.

The strong sales trend in January in just the beginning of a hot spring selling season. Timothy M. Warren Jr., CEO of The Warren Group, weighs in.
Single-family home sales in Massachusetts rose more than 10 percent in January to 2,680, reaching the highest level since 2007, according to new data from The Warren Group, publisher of Banker & Tradesman.

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44th Annual South End House Tour

The tour, to be held on Saturday, Oct. 20 from 10 a.m. to 5 p.m., is a self-guided walk through six amazing South End homes starting at the Southwest Corridor and ending mid-way down Shawmut Avenue. Since the tour is at-your-own-pace and snakes around on a more than 1 mile path, the full tour can take anywhere from two to four hours. It starts at the Boston Center for the Arts.

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Boston Q3 Condo Sales Review

3Q2012 Boston report

The Big Number is 21%. That’s the increase in condo sales in Boston at the end of the 3rd quarter, September 30. Combined, all Boston neighborhoods saw a 21% increase in the number of condo sales year to date, a 3% increase in the average price of a condominium sold to $545K, and an 8% increase in the median sales price to $409K. This real estate market is healthy except for the continuing decrease in inventory levels. Inventory levels of available condo’s for sale have fallen 41% to 919 properties for sale versus 1,567 at this time last year.

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Lack of Inventory In Boston Getting Serious

My good friend, excellent agent and blogger Briggs Johnson at Coldwell Banker Residential Brokerage hits it squarely on the mark with this post which illustrates the decrease in inventory year over year and its potential effect on the market. I have posted it in its entirety below. Visit his blog.

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More Evidence That Home Prices Have Hit Bottom.

In each of the last three years, home prices have increased in the spring and summer, when more people are buying homes, before giving back all of those gains and then some in the fall and winter, when activity cools. But it is beginning to look like that might not happen this year, absent a major stumble for the economy.

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Condo Association Hints

Yes, condo documents are boring, association meeting notes are boring, budgets are boring… but get to know your new new homeowners association! Don’t be surprised by assessments, crazy leadership, unreasonable rules..get to know your HOA and then work with your HOA to make your property a better investment.

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Boston Condo Prices Set Record… And A Scarcity Of Units Ensues!


The median price in a dozen downtown neighborhoods — they include Beacon Hill, the Fenway, the North End, and South Boston — climbed to $515,000 during the three months that ended June 30, according to LINK, meaning half sold for more than that price and half for less. That topped the previous peak of $498,500 in 2008, just prior to the nation’s financial crisis. LINK, a Boston company, tracks the downtown condominium market.
The increase adds to mounting evidence that the state’s housing market is on the mend, housing specialists said.

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