In the Far West End, from West Vine to The Moors, there are three large developments that have been going up in stages over the past few years. It has been fun to watch these substantial developments emerge from the ground, go to market, and then watch the second phase go up.
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A repost of Jennifer McKim’s article in the Boston Globe follows. It shows significant evidence that we are in a real estate recovery even in the broader Massachusetts market. We have been experiencing The Recovery in downtown Boston and on the outer Cape for months now, but this broader evidence is very welcome news as we enter the NewYear.
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Boston’s Fiscal (Listing) Cliff
Currently, the city’s on-market condominium inventory is scary low.
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Cape Bargains?
an interesting post by Scott Van Voorhis contrasting sales and price performance in different towns on the Cape, as many towns are experiencing sales increases but with price decreases. Provincetown is experiencing a more positive cycle of price and sales increases.
Scott always has good posts. This one is surprising showing MA is #1, (in the continental US) or #2 in the whole USA when it comes to the average listing price for single family homes. To put that in context, Provincetown’s average singe family listing price today is $1.378M, more than twice the state average.
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Mass. Home Sales Up 22% YTD
Buyers snapped up more than 4,000 single-family homes in Massachusetts last month, pushing the number of statewide sales for the first 10 months of 2012 above the total for all of last year.
Warren Group, a Boston real estate tracking company, reported Tuesday that home sales in October increased by 21 percent, to 4,044, compared with the same month last year, reflecting increased optimism about the state’s housing market.
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Off Season is “On” Season
In the real estate community, this off-season is a time to regroup for the New Year, and tie up the lose ends of the very busy year we have had. Interestingly the months between November and February remain active in many ways.
There is a ton of building activity this fall in town. In the next few weeks I will review some of my favorite new projects in the different neighborhoods in town. Starting on my neighborhood the near west end, there are three great projects done or nearing completion. We have shown many of these condos to our buyers and they are all unique in their own way and offer terrific options and amenities.
Regionally, existing-home sales in the Northeast fell 6.3 percent to an annual level of 590,000 in September but are 7.3 percent above September 2011. The median price in the Northeast was $238,700, up 4.1 percent from a year ago. (see post below) How do our hyper-local markets stack up to national and regional stats for […]
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Cape Cod Neighborhoods Asking $250K
Below is an post from curbed boston showing properties in different Cape Cod neighborhoods with asking prices of $250K. Curbed Boston left out our little fishing village of Provincetown. I just had to add it to the list… and with two properties…for an interesting Cape-wide comparison. Again, I apologize for grammar and spelling in the […]