If you haven’t yet checked out Boston Magazine’s Best Places to Live 2009, you might take a look. Every year, the magazine assesses the local real estate market and the Boston neighborhoods and suburbs considered “hot.” This year, with worry about falling housing prices, the survey has centered less on what’s “hot” and more on [...]
Bad news for home sellers, great news for home buyers: According to a report released today by the Warren Group, Massachusetts home prices have fallen by 20 percent since January 2008. The median price of a single-family home is about $259,000, down from about $325,000 in January 2008. That brings Massachusetts homes back to 2002 [...]
There’s something a bit strange going on in the Back Bay. While things on the residential side hold fairly steady (sellers are getting close to asking prices, even in this market) the very amenities that make this neighborhood so popular are starting to dry up. Stores are quitting Newbury Street in droves, including small boutiques, [...]
Are sellers getting anywhere near their asking prices these days?
The answer may depend on which neighborhood you’re talking about. But according to Realtor John A. Keith, Back Bay sellers aren’t doing badly at all, especially considering how tough things are in other cities and towns around the nation.
According to data compiled by the Boston Real Estate Blog, here [...]
So you want to live near the city in a pleasant urban environment, where you can find shops and restaurants within easy walking distance. You don’t want to live miles from downtown or far from Boston’s universities and medical centers. You want the feel of the city, yet, you can’t afford the Back Bay or South End.
Where do [...]
Douglas Heddings, a real estate broker in Manhattan also writes a blog in which he reports on Manhattan’s housing market. In January 2009 he says:
Since the first week of January, I have brought 4 new properties to market for a total of 10 that I am exclusively representing at this time. I am pricing ALL new properties [...]
In the Back Bay, a parking space might go for $200K.
So imagine our surprise at finding several condos in this neighborhood at parking-space prices.
Admittedly, at this price range, a condo is usually tiny (like about 300 square feet or no larger than 30 square meters) but at least you’ve got a great convenient location. Back [...]
