Boston, MA Real Estate News

By Boston Condo Guy
(Boston Condo Guy)
We had the pleasure of stopping in to visit the Meads of Commonwealth condos this evening. We've seen a lot of Boston condos, but the Meads really are second to none. The thirteen unique Meads of Commonwealth units are currently spread across three buildings at 413, 415, and 419 Commonwealth Avenue, range in size from 1,827 to 5,711 square feet, and in price from $1.875 million to $6.2 million. Some of the striking features of the Back Bay Meads Condos are: Stunning ceiling heights in the majority of the units - some units have 12 foot ceiling heights, with the lowest being in the eight to nine foot range The sheer expanse of the units - you could literally get lost in some of these units, they just flow from room to room, and amenity to amenity Excellent craftsmanship across the board ...
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By Jay McGillicuddy, Real Estate Broker
(Berkshire Hathaway HomeServices Verani Realty)
The Boston Red Sox are home against the infamous Bronx Bombers and this is sure to be a great weeekend in baseball. As most baseball or sports fans know it just doesn't get any better than watching your favorite team go head to head against their archrivals.The Red Sox and Yankees rivalry goes back to when the Red Sox sold Babe Ruth to the Yankees and that is where Red Sox fans have known all too well for an 86 year stretch, "The Curse of the Bambino".  Since the sale in 1920 the Red Sox went from 1918 until 2004 without winning a World Series.The NY Yankees have been extremely successful and are recognized as the greatest baseball franchise in baseball history. They have won 26 World Series starting in 1923 and thus the  rivalry was born. In 2007 the Red Sox hope to get back on the wi...
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By Richard Rosa, Exclusive Buyer Agent
(Buyers Brokers Only, LLC)
Forbes reported April 16, 2007 on the top 25 cleanest cities in the world. The figures for the cleanest cities came from studies of 300 cities by Mercer Human Resources Consulting, identifying overall quality of living. "The cleanest cities are largely located in countries noted for their democracy and their industrialization. The only Asian cities represented are in Japan. There are no top-25 clean cities in South or Central America, Africa and Australia. The U.S. has five of the top 25; Canada, a strong five, with the top spot its city of Calgary; Europe has 11 of the top 25; and Japan has three." Boston tied for tenth with Montreal, Canada; Bern, Switzerland; Vancouver, Canada and Lexington, KY. View a slide show of the cleanest cities in the world.Read The Article
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By Richard Rosa, Exclusive Buyer Agent
(Buyers Brokers Only, LLC)
The Boston Globe reported April 14, 2007 that Downtown Boston condo prices rose 7 percent in the first quarter."Prices for condominiums in the city jumped 7 percent in the first quarter of this year, compared to the same period in 2006, to a median $489,800, according to preliminary market figures compiled by Otis & Ahearn, a Boston real estate brokerage and marketing firm. In contrast, prices for single-family homes in Massachusetts fell 5.7 percent in the same period, according to Global Insight, a Waltham economic and consulting firm. "The downtown condo market 'is cooking,' said Kevin Ahearn, Otis & Ahearn's president. 'There's very aggressive buying' in all price ranges, he said."Ahearn predicted that when the final condo sales figures are in, downtown sales may surpass the first-q...
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By Michael Ross, North Shore of Boston
(Coldwell Banker Residential Brokerage)
Are you serious about building your net worth?  How about having a positive monthly cash flow? Owning a property with huge growth potential? Here is an opportunity to purchase a fully leased 4 unit apartment building within walking distance to beaches and MBTA commuter line in Beverly's Dane Street Beach neighborhood.All the informatiion can be found by simply clicking >>>> http://listing.loopnet.com/15047289 to see all the details on this high performance Prime AAA property.Easy to show by appointment by simply giving me a call to set up a private showing. The building and apartments are in mint condition, plenty of parking for tenants and one of the finest investment opportunities  on the North Shore.
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By Michael Mahoney, Boston Realtor with Century 21 American Properties
(Century 21)
I hosted two open houses over the weekend. One was in Milton, Massachusetts and the other one was in Quincy. The one on Elm Street in Milton (See more @ www.10elm.com) was jam packed with people. There were 10 sets through in 1 1/2 hours. This is pretty substantial. This would be about 1 set every 9 minutes. This was a productive open house. The second open house was @ 34 Acton Street in Quincy. (See more @ www.34acton.com). This open house also had about 10 sets through.   Is it a sign? Possibly. It seems there were more people at open houses this weekend, than I can remember for a long time. If you're interested to know which properties are having open houses this weekend, please go to my web site @ www.mmahoney.com  and let me know which towns you need to know about, and I will happi...
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By Larry Vecchio
(CondoDomain)
Looks like the only bubble popped in Boston may be on the local newspapers face.  Our pals over at Otis & Ahearn, Inc here in Boston supplied us with the YE data for 2006 (properly organized & broken down).  This report is not only going to EMBARRASS THE PRESS (as it should), but it will show you the reality of the 2006 Boston Real Estate market … no bubble here.  One personal comment I have to add is that there needs to be a better way to get this information to the public.  For an entire year, we listened to reporters & writers from local and national news publications bash the real estate industry (which in some cases they have the right too), but to point fingers at individual markets like Boston and be COMPLETELY wrong is a problem.  Its bad news, its bad advice and most of the Am...
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By John Ford
(Ford Realtyt Inc)
Looking to buy real estate in Boston or Brookline visit our website and obtain all the listings with the full addresses. boston condos
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Source Boston Globe:By Kimberly Blanton, Globe Staff  |  January 6, 2007=========Massachusetts real estate may be in the midst of its steepest downturn since the 1990s, but luxury condominium sales in downtown Boston barreled along at near-record levels, according to preliminary 2006 estimates released yesterday by Otis & Ahearn, a Boston brokerage firm.Both sales of $1 million-plus condos and sales of condos costing more than $1,000 per square foot will approach 2005's record sales in Boston's high-end market, the firm said."The accumulation of wealth has been dramatic," said Kevin Ahearn, president. "We're seeing it in the stock market, and we're seeing it in the condominium housing market."Empty-nesters and well-heeled young professionals and couples are snapping up contemporary unit...
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By Larry Vecchio
(CondoDomain)
                                                 25 Beaver Place is the latest Pimp Pad on condoDomain.com.  Boasts 4200+sf and 4 deeded parking spaces.  Who wants me?  Just a cool $5M...beavers not included!
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By Michael Mahoney, Boston Realtor with Century 21 American Properties
(Century 21)
Six Questions Buyers Should Ask Before Making An Offer By Michael Mahoney - www.MMahoney.comKeller Williams RealtorCovering Greater BostonCall me  @617-615-9435 When you are buying a home, there are many problems that the seller is obligated to disclose. For example, in most states, it is illegal to withhold information about major physical defects on the property, but, these disclosures don't always paint the entire picture of the home. Here are six questions you may want to ask that can offer additional insight about the prospective home before you make a final decision. 1) Why is the seller selling the house?This question may help you evaluate the "real value" of the property. Is there something about the house the seller does not like? If so, you may be able to adjust the purchase ...
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By Michael Mahoney, Boston Realtor with Century 21 American Properties
(Century 21)
Twenty Terms You Must Know and Understand Before You Sign Off On Your Mortgage!       Buying a home is a major achievement in most everyone's life. Pride of ownership, tax breaks and equity are just a few of the many benefits you'll enjoy with your new home.       Your home purchase may also be one of the largest you will ever make. During the emotional excitement of buying a home, you may encounter terms with which you are unfamiliar.       For some, it can be bit embarrassing to ask what they consider too many questions. Others may make a note of their questions but simply forget to revisit those points.      To ensure that you have complete confidence during your home loan process, invest a moment to read this report and become familiar with the concepts and terms you'll encounter.  ...
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By Michael Mahoney, Boston Realtor with Century 21 American Properties
(Century 21)
Sample Real Estate FormsWhen you go to purchase a home, there are many forms that involved in the process. Please click here to see the forms that are utilized when making an offer on a property.Since this is one of the largest purchases of your life, you can imagine that there are many forms involved throughout the process. I would love to make an appointment with you, to conduct a free consultation on the home buying process. Please call me anytime to schedule the appointment, I can be reached at 617-648-3983.
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By Michael Mahoney, Boston Realtor with Century 21 American Properties
(Century 21)
4 Things You Must Absolutely, Positively Know Before You Buy Any HomeBy Michael Mahoney of Keller Williams Realty in Boston617-615-9435www.RealtorMikeMahoney.com Don't Get "Pre-Qualified!Do you want to get the best house you can for the least amount of money?  Then make sure you are in the strongest negotiating position possible. Price is only one bargaining chip in the negotiations, and not necessarily the most important one. Often other terms, such as the strength of the buyer or the length of escrow, are critical to a seller.In years past, we always recommended that buyers get "pre-qualified" by a lender.  This means that you spend a few minutes on the phone with a lender who asks you a few questions. Based on the answers, the lender pronounces you "pre-qualified" and issues a certif...
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By Jon Ernest
(Spotlight Realty)
Apparently I've been under a rock, I swear I wasn't playing Mansion Impossible.  Regardless, Boston's skyline might be getting a facelift.  Only one developer, Steve Belkin, actually bid on the project.  He might have had a slight advantage, seeing as he owns an adjoining property.  As seen above, the new building designed by Renzo Piano, will be 75 stories, 15 stories higher than the current New England record holder, the John Hancock Tower.  It will feature 1.3 million square feet of commercial space, and 40,000 square feet of retail and restaurant space. It will also have an additional 55,000 square feet of public space including a one acre town green on the ground floor with public art, as well as a wind protected, richly landscaped, public observatory area on the top of the buildin...
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By Jon Ernest
(Spotlight Realty)
 CNN reported on home prices across the country.  Hold onto your hats people, the bubble has popped, the sky is falling, housing prices fell a whopping ...... 1.2% this quarter compared to a year ago. What does that mean?  Not too much because real estate is local. Fortunately, the article is kind enough to break it down by city, and by single family homes and condos.  These numbers were based on the median price of homes.Cheers go to:- Salem, Oregon where single family homes (median price $228k) saw a 24.7% increase from the third quarter last year.- Knoxville, Tennessee where condos (median price $155.7k) saw a 29% increase over last year.- other notable cheers go out to Seattle/Tacoma/Bellview WA (single family) and Honolulu HI (condos) that had both high median prices and good perce...
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By Michael Mahoney, Boston Realtor with Century 21 American Properties
(Century 21)
Is a condo the right thing for you? An option often overlooked by those desiring homeownership is purchasing a condominium or condo.But, the traditional detached single family home is not the ideal situation for everyone. For those just starting out, affordability may be an issue. An empty nester may want to downsize and not have the hassles of yard work and other maintenance. Or it can simply be that the traditional family home doesn't suit your lifestyle.  What are you buying when you buy a condo? When you own a condo, you own the title to the space within the walls of your living quarters. Common areas such as hallways, roofs, parking lots, green areas and pools are shared with the other owners in the complex. The more common type of condo is the apartment-style, in which you may hav...
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By Michael Mahoney, Boston Realtor with Century 21 American Properties
(Century 21)
In Boston, is It Better to Buy or Rent?By Michael Mahoney | http://www.mmahoney.comKeller Williams Real Estate617-615-9435 The Boston Real Estate Market is Ripe for BuyersThe market is ripe for buyers right now. Interest rates, although slightly higher than this time last year, are still at an all-time low, and the National Association of REALTORS® predicts that 2006 will be the third all-time best year in real estate. So naturally you should be telling your landlord goodbye and saying hello to your dream home, right?  Not so fast. Certainly, owning your own home has its benefits. But, is the dream of homeownership really one you should pursue?  It all depends on your circumstance and needs. By Buying a Home, You will Control Your CostsBuying a home is such a large investment, possibly ...
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