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Boston Back Bay Condominium Housing Report Feb 2012

March 9, 2012 By Leave a Comment
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Back Bay Condo for sale

The Boston Back Bay Condominium Housing Report Feb 2012 includes 210 listings in the Active, Under Agreement, Sold, Expired and Canceled categories.  Lots of new listings came on the market to get the Spring season started.  The Days on Market are coming down again and the mix is about right with the Active’s slightly longer on the market than the solds. The good news is that the Under Agreement listings are a lower DOM and them means next month the stats for the others should come down as well.  Get your Condo priced right, get it staged to sell and get an agent who knows how to promote your property here on line. That is where the buyers are.

Condominium Active Listings: 159    Avg. Liv.Area SqFt: 1,621.70     Avg. List$: $1,781,825    Avg. List$/SqFt: $967     Avg. DOM: 147.53   

Condominium Under Agreement Listings: 27    Avg. Liv.Area SqFt: 1,234.30     Avg. List$: $1,051,022    Avg. List$/SqFt: $807     Avg. DOM: 116.33   

Condominium Sold Listings: 14    Avg. Liv.Area SqFt: 1,763.14     Avg. List$: $2,267,921    Avg. List$/SqFt: $1,063     Avg. DOM: 140.29    Avg. Sale$: $2,165,714   Avg. Sale$/SqFt: $1,012

Back Bay Condo for sale

We are in the 95%+ range for list price to sale price.  This is not too bad.  Listing prices are good and since it is still a buyers market with lots of inventory on the market ready for sale this forces the motivated seller to be realistic and take a slightly reduced value.  Nothing wrong here.  But looking at the expired listings I wonder why the DOM is 88.5.  What agent is taking less than a 3 month listing agreement?  Why would sellers be so dense to not give a professional a reasonable amount of time to sell a home.  I make a 90 day guarantee and even that would be 2 days short of what is happening with the expired’s in Feb.  Now that Spring is upon us, the Red Sox are in FL it is time to get this season started.

Condominium Expired Listings: 4    Avg. Liv.Area SqFt: 1,251.50     Avg. List$: $903,500    Avg. List$/SqFt: $724     Avg. DOM: 88.50   

Condominium Canceled Listings: 6    Avg. Liv.Area SqFt: 1,370.17     Avg. List$: $1,349,983    Avg. List$/SqFt: $899     Avg. DOM: 198.00   

Filed Under: Archive, Back Bay, Boston, Featured, Featured Post, MA, Market Report Tagged With: , , , , , , , ,

Home for the Holidays, New home for the holidays.

November 29, 2011 By Leave a Comment
4 Helock Road, Wayland, MA 01778 Dudley Pond Cape with Fireplace

4 Helock Road, Wayland, MA 01778 Dudley Pond Cape with Fireplace

Here comes December, the last month of the year.  So much to do, so many things to complete, do you feel overwhelmed?  Now is the time for action, enough with the research, the websites, all the data, and what is it with the data, it is all so confusing and contradictory? Real estate is made complicated by your viewpoint.  Are you the buyer, or the seller?  Are you the agent, or the other agent?  Are you the lawyer, or the other lawyer?  And all of those questions don’t even arrive until you are at the table, there is just so much work to get to table. What house, what neighborhood, what loan, what bank, what paperwork what weekends looking, and looking what, what!

Several months ago, or longer it can be safe to say, you decided to buy, or to sell.  You started down the road hitting the Internet for information. There is a lot of it there.  You checked that information out randomly with your friends, family, colleagues or just randomly talking to people.  This bolsters your information already gathered from the Internet.

Listing Price: $349000
Address: 4 Hemlock Road
City: Wayland
State: MA
ZIP: 01778
MLS # (if any): 71221683
Square Feet: 1476
Bedrooms: 3
Bathrooms: 1/1
Basement (full, 1/2, finished, unfinished): unfinished

14 Overlood Road, Wayland, MA 01778

You remember what it was like to move to a new house, your moves through all your other living situations whether they were good or bad and rolled it all up into a ball. That was how you were going to get your new home–or sell your home.  You wanted the most if you are selling and the least if you are buying. Every single day people are coming to an agreement about price and buying/selling.  Real Estate is simple.

You make your money when you buy your home.  So from all statistical sense there really hasn’t been a better time to buy with the prices in a buyers favor for many years gone by.  Interest rates, for those who qualify, have not been this low since our parents were young.

With prices low and money cheap there is not a better time to buy. That is why you see so many cash buys.  People with money realize we are at the bottom and it is where money should be to make money.

63 Westcliff Road, Weston, MA 02493

On the sell side, if you haven’t been in your home longer than 5 years you are loosing value.  If you have been in your home 20 years you have seen incredible appreciation of your asset.  Now, you may have used that appreciation for uses along the way and it is not available to you now, but that is just what it is and we need to understand. There is a ceiling and a floor to prices of homes.  They are still of value and the market is stabilizing.  Money is starting to flow back into real estate from the investor side and the consumer side is chugging along at reasonable rates.  Not the rates of the heyday, but, again, they are gone, now is now.

December is a month to close and get into your new home.  Start building your equity now, there really isn’t a better time.

Filed Under: Archive, Back Bay, Boston, contemporary, Featured, MA, Milton, Wayland, Wellesley, Weston Tagged With: , , , , , , , , , , , ,

Back Bay Condo with Public Garden view for sale.

November 10, 2011 By Leave a Comment
ArlingtonSt

Back Bay Condo, Public Garden View for sale

Back Bay Condo with Public Garden view for sale. 2 Arlington Street sits directly across from the famed Boston Public Garden.  This is the equivalent of an ocean view for city living.  The first couple of blocks near this park are the most coveted real estate in the city and this  2614 sq. ft condo is one of the nicest and most affordable.  (Affordable being a relative term in luxury)  Living in the Back Bay of Boston puts you at the epicenter of one of the greatest old cities in this country.  History, beauty, commerce and outdoor spaces designed by Fredrick Law Olmsted nearby make this a walking home.

As one of my clients has remarked about her home several blocks away from this Arlington Street home, This is a “Walk-to Area”  Everything you could possibly want you can walk to from here. 

Back Bay Condo with Public Garden view for sale.

Shopping, Churches, schools, parks, entertainment venues like the famous Fenway Park (granted the Fenway Park walk is around a mile from here, but in the summer it is a nice stroll) are all walk to. Back Bay Condo with Public Garden view for sale.

I assist buyers and sellers in the Back Bay to achieve their real estate goals.  Let me help you acquire this wonderful home. Please give me a call and we can get started achieving this dream.  I am comfortable with working with people from outside this area.  If you are living in another state or another country and you are relocating to Boston give me a call and let me put your mind at ease about the process.  At every point you will know what is going on as we move towards closing on this beauty. A Back Bay Condo with a Public Garden view for sale is rare. 972-322-7776

Listing Price: $2,950,000
Address: 2 Arlington Street - Unit 1
City: Boston, Back Bay
State: MA
ZIP: o2116
MLS # (if any): 71306337
Square Feet: 2614 sq. ft.
Bedrooms: 2
Bathrooms: 2F 1H
Basement (full, 1/2, finished, unfinished):

Filed Under: Archive, Back Bay, Boston, Featured, MA Tagged With: , , , , , , ,

Boston, Back Bay MA 02116 Condominium Housing Report Oct 2011

November 3, 2011 By 1 Comment
Back bay

Back Bay Housing Report Oct 11

The Boston Globe reported that prices are going up, they also reported that prices are going down and that prices are steady, all this in the last week in various reports.  It is dizzying.  Most of the homes in the market are actively being sold.  The amount of time on the market is slowly climbing as is the average price.  It is often forgotten that the buyer determines the price of a home and not the seller.  The seller wants the most for their property, but it is the buyer who determines what it is worth to them.  When the market is this busy with active listings it makes sense to make sure you are correctly priced for the competition.  It isn’t a bad idea to go see the houses in your neighborhood that are similar and on sale just to compare.

Back Bay Housing Report Oct 11

Condominium Active Listings: 168       Average List Price: $1,656,598     Average Market Time: 167.59

Condominium Under Agreement Listings: 22       Average List Price: $1,165,173     Average Market Time: 73.14

Condominium Sold Listings: 28       Average List Price: $1,202,643       Average Sale Price: $1,127,046     Average Market Time: 146.57

Condominium Expired Listings: 20       Average List Price: $1,009,200     Average Market Time: 246.80

Condominium Canceled Listings: 10       Average List Price: $1,823,190     Average Market Time: 206.90 .

Listing Price: $1,699,000
Address: 250 Beacon Street - Unit 12
City: Boston, Back Bay
State: MA
ZIP: 02116
MLS # (if any): 71245969
Square Feet: 2075
Bedrooms: 3
Bathrooms: 3
Basement (full, 1/2, finished, unfinished):

Filed Under: Archive, Back Bay, Boston, Featured, MA, Market Report Tagged With: , , , , , , , , , ,

Boston Back Bay Condominium Housing Report Sept 2011

October 19, 2011 By Leave a Comment
Screen shot 2011-10-19 at 9.59.40 AM

Boston Back Bay Condominium Housing Report Sept 2011.  There are a good number of Active listings this month, but not a great number unless you compare it to the number of Sold listings.  57 Active, 16 Sold.  The Condos that were sold went in a shorter period of time than those on the market.  116.38  This is a 94% List price to Sale price average.  This is up from the low of 91% that happened early in the year.  Where the market is going this month from a look at the ongoing statistics.  The market will be a little off and a little longer than you would hope.  There will be increases in the interest rates and there will be more legal notices regarding the banks and foreclosures.  No heads will roll.

220 Boylston Boston, MA Back Bay 02116

Condominium Active Listings: 57       Average List Price: $1,331,175     Average Market Time: 194.39 This is a long period of time.  Those at Average Sale Price: $1,198,813 and above 115 days might seriously consider a price drop and some new marketing, or more and better marketing.

Condominium Under Agreement Listings: 7       Average List Price: $1,446,857     Average Market Time: 126.86

Condominium Sold Listings: 16       Average List Price: $1,263,869       Average Sale Price: $1,198,813     Average Market Time: 116.38  This is a 94% List price to Sale price average.  This is up from the low of 91% that happened early in the year.

220 Boylston Boston, MA Back Bay 02116

Condominium Expired Listings: 4       Average List Price: $1,389,250     Average Market Time: 168.25

Condominium Canceled Listings: 1       Average List Price: $859,000     Average Market Time: 74.00

Boston Back Bay Condominium Housing Report Sept 2011

Listing Price: 1,300,000
Address: 220 Boylston - Unit 1110
City: Boston, Back Bay
State: MA
ZIP: 02116
MLS # (if any): 71281586
Square Feet: 1363
Bedrooms: 2
Bathrooms: 2
Basement (full, 1/2, finished, unfinished):

Filed Under: Archive, Back Bay, Boston, Featured, MA, Market Report Tagged With: , , , , , , , ,

JUST LISTED-193 Beacon Street, Boston MA 02116

April 20, 2011 By Leave a Comment
BAQMH_193_Beacon_F_DR_LR_Deck

193 Beacon Street, Boston, MA 02116 Back Bay Condominium

193 Beacon Street, Boston MA 02116 was put on the market yesterday.  Tomorrow is a Broker’s Open House from 11-1.  A light luncheon will be served as brokers get an opportunity to see the new look.  Since it was last on the market we have redone the floors, painted, and staged which includes the de-clutter (read take 2/3rd of the personal items out).  I have already had a number of calls and several showings in the first 24 hours.  This property is a gem for several reasons.  Aside from the fact it has 3 bedrooms which is more than the average of 2 in this size and price range in Back Bay, it has it’s own Deeded Garage Parking Space right outside the master bedroom door.  Anyone who lives in the city knows what a luxury this is.

Out from the gracious living room is an oversized and private deck. This is also a luxury in the city where decks seem to be on roof tops and shared.  For much of the year this space extends the usable living space, for the entire year having the grill right outside the door is a way to enjoy grilling year round.

Deeded Garage Parking Place Back Bay

Back Bay real estate is the most expensive real estate in the city for a lot of reasons.  The convenience of being near shopping, parks, transportation, restaurants and entertainment makes everything a “walk to” event.  Living in the heart of Back Bay provides you easy and quick access to all the highways in to and out of the city. While many public schools are struggling, the oldest public school in the country continues to be one of the best educations in the country.  Boston Latin school pre-dates Harvard and Harvard was created to provide the students of that time a place to continue their education after finishing high school without having to travel to Europe.  Real estate agents are known for embellishing facts, but the plain fact is this condo is special for a number of specific reasons.  Call me 972 322 7776 for a look.  193 Beacon Street, Boston MA 02116 is priced to sell and ready to go.

Filed Under: Back Bay, Boston, Featured Tagged With: , , , , , , , , ,

193 Beacon Street, Boston MA 02116

April 13, 2011 By Leave a Comment
193_F_Beacon_Garage_Deck

The staging is just about complete and we will go on the market with this amazing parlor level condo in Back Bay, Boston this week.  A Broker’s Open House will happen in another week and then we will open up the house to two Open Houses. After that showings will be appointment with the listing broker.  This home has many attributes which make it stand above the other listings of this size and in this neighborhood.  Firstly the property comes with a deeded garage parking spot.  Think about that for a minute.  Not only your own spot awaits you, but you will never have to uncover your car in the morning after a snow.  Deeded Garage Spot, now that is of value and comes with this condominium.  Watch this short video, and if you can be so nice as to hit the “like” button.  Thank you.

 

Because you are in Back Bay, you are close to everything.  A “Walk to” is great, but the choice of walk to’s from your home on Beacon Street range from catching the Red Sox at historic Fenway which is a few short blocks away, to shopping on Newbury St, visiting the the original Boston Public Library, on down to the Theater District to see a show, go through the Boston Common to get to the movies on Tremont and on your walk back you can pop into any kind of food you can imagine.  Back Bay is Easy.  Watch this short video and if you like it, don’t hesitate to share.

Filed Under: Archive, Back Bay, Boston, Featured, Featured Post, Video Tagged With: , , , , , , ,

Back Bay, Boston MA Hip Pocket Listing

March 30, 2011 By Leave a Comment
BAQMH_F_Back_Bay_From_Cambridge3

193 Beacon Street Back Bay Boston Brownstone

193 Beacon Street, Boston MA 02116 will be coming on the market the first week of April.  It is currently getting staged which means a bit of new paint and rehanging some of the wonderful art. This 3 bedroom, 2.5 bathroom condo is on the parlor level and was the perfect location for the owners to raise their two daughters.  The girls have left for college and the sellers are ready for the next adventure.  Back Bay is the most expensive neighborhood in Boston, but this condo will be put on the market at an affordable price.  It will be especially attractive to those who are looking at the comparable condo’s in this area.  Our condo has it’s own garage, which is pure gold in this neighborhood.  No digging out, no trying to find a parking spot.  The garage is a two car garage which is shared by another condo member, but the top of the 2 car garage is a magnificent deck that opens up from the living room of our condo.  The sellers have entertained as many as 100 people comfortably in this unit using the deck.  I am told they grill all year because of the convenience.

I will be reaching out to select agents and brokers for a broker’s luncheon on April 7th.  We will have two open houses that weekend on April 9th from 1-3 and on April 10 from 12-3.  At that point we will not be having open houses.  Potential buyers will need to be pre-qualified for a purchase of this sort to tour the property.  We will make ample photo and video tours available for those without the pre-qualification.  This is a select RE/MAX Collections property and therefore we will not be allowing everyone into the unit. 193 Beacon Street is a great location, a fantastic brownstone and even a place to put your car.

Filed Under: Back Bay, Boston, MA Tagged With: , , , , , , , , ,

Boston’s Most Expensive Condo’s

March 25, 2011 By Leave a Comment
Boston_Google_Map

Back Bay Boston 02116 Map

This morning I am editing a video about my soon to be listed condo property at 193 Beacon Street in the Back Bay of Boston.  During the shooting of this video the seller made a statement I had to verify before I can use it.  She said that Back Bay had the most expensive property in Boston.  So off to the MLS I went this morning.  I searched just for condominiums that were actively on the market and sold in the last six months.  I searched Back Bay, The Waterfront, Beacon Hill, Chestnut Hill, The South End, The Leather District and finally the North End. Each of these neighborhoods has wonderful condos.  The order of sold prices is as I have just listed.  Now let’s get to the numbers

#1, Back Bay, Boston

Active Listings     206               Active Price       $1,572, 800            Days on Market (DOM)          153

Sold Listings        179                Sold Price           $1,336,694             Days on Market                        135

#2,The Waterfront

Active Listings     102                Active Price       $1,077,199              Days on Market                        138

Sold Listings        50                   Sold Price          $1.038,354             Days on Market                       164

#3A Chestnut Hill

Active Listings    4                     Active Price         $613,225               Days on Market                       117

Sold Listings       5                     Sold Price             $947,000*            Days on Market                       195

#3B Beacon Hill

Active Listings     82                 Active Price           $814,166               Days on Market                       141

Sold Listings        55                  Sold Price              $900,619*            Days on Market                       141

#4 South End

Active Listings     176                 Active Price         $696,121                Days on Market                       82

Sold Listings        169                 Sold Price            $713,883               Days on Market                        99

#5 Leather District

Active Listings     20                   Active Price         $694,750              Days on Market                        83

Sold Listings        7                      Sold Price            $655,200              Days on Market                        142

#6 North End

Active Listings     44                   Active Price         $522,677               Days on Market                        156

Sold Listings       31                    Sold Price             $445,671               Days on Market                        156

Old Map of Boston MA

* While the Average Active Price for a Condo in Chestnut Hill is lower than that of Beacon Hill, the Average Sale Price was higher and we have to go for the Sale price when considering the more expensive area. The reality is that there are not as many condo’s in Chestnut Hill as there are Single Family home.

Every one of these areas in very nice, but I find it also interesting that living on the Waterfront in Boston is less expensive than living on the Back Bay.  Point is proven and I can include this statement in my video for 193 Beacon Street, Back Bay Boston 02116

 

 

Filed Under: Archive, Back Bay, Boston, Featured Tagged With: , , , , ,

Sharing memories of the Back Bay

March 18, 2011 By Leave a Comment
193 Beacon Street, Boston's Back Bay

193 Beacon Street, Boston's Back Bay

193 Beacon Street in Boston’s Back Bay will soon be on the market for sale.  The owners are downsizing with their daughters, who were raised in this wonderful home are off to colleges and careers.  I asked the owners to share some of their memories about this home knowing that these stories will help the new owners understand the home and location much better.

A house becomes a home when a family moves in and begins to make their own stories.  We are not hermit crabs who look for the next shell to move in to, but we are social beings who like the history of a home and the stories.  Here is what was shared.  I asked the owners what they were looking for when they moved into the Back Bay.  They looked at over 40 condo’s before they settled on 193 Beacon Street as their home for almost 17 years now.

Girls on deck 193 Beacon Street

A Parking Place

My top must have was a parking space - I actually I got more - A GARAGE!!.  Unless you have a garage that opens up into your dwelling you are not as close as this garage is.  No hassle, no tickets, no shoveling snow, extra storage, let your friends who use your spot because you still have a resident sticker and best of all no one is in your spot when you come in with groceries. (The roof of the garage is also our deck where many happy times have been spent over the years)
Interior
Warm Memory – after the preschool sledding day on the Common the whole gang, teachers and all sat in the lobby as I fortified them with hot chocolate and cookies.  Heated with plenty of room, no muss or no fuss.
Soaring ceilings in the parlor level with lots of light.  Downstairs ceiling 8 1/2 tall.  My 6’3″ husband and I looked at over forty condos before we bought this one.  Almost every one hit his head coming down the stairs.  At 5’10″ many of them were too low for my head as well.  And speaking of stairs, most condos only had a spiral stairway - an accident waiting for little ones.  Unattractive and loud, not in my house.  Going down the stairs in our house not only is it practical it’s fitted out as mini gallery with a ledge and ample wall space.

As this property comes on the market at the end of the month I will share more of what makes this home special.  Check back for the open houses and get a look inside soon.  Call me at 972-322-7776 for pre-qualification and your own tour

Filed Under: Back Bay, Boston, Featured Tagged With: , , , , , , ,
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