Joseph Palermino's archive
Market Shows Increase in Boston Condo Sales
A recent Boston Globe article reveals that Boston condo sales for the second quarter of 2010 have soared. The data, which is based off of comparisons with the second quarter in 2009, shows that sales from this quarter have increased by 30%. In addition, the average sale price decreased by 3.6% to $443,500.
Between the months of April and June, 849 condos were sold, compared to 653 condos during the same period in 2009.
Zeroing in on a more specific slice of the market, sales in luxury buildings increased 9%, and the median price rose to $665,000 (11.8% more than the second quarter in 2009).
The recent sales increase can most likely be attributed to low interest rates and continuing improvements in the economy. Prospective buyers have more confidence in the Boston real estate market, as this data represents the third consecutive quarter of sales growth in the downtown Boston neighborhood, which includes the Back Bay, Beacon Hill, South Boston, and the South End.
The rest of the article is here. Also be sure to view our great selection of Boston condos and luxury real estate!
Allan Rohan Crite Boston Home Celebrated
Artist's Home Gets Place in History from Chris Lovett on Vimeo.
The video featured above is a Boston Herald report on Cabot & Company's open house held on Columbus Street last month in honor of local artist, Allan Rohan Crite. The event was a Boston homes open house and dedication ceremony for the late artist in the South End, who was commemorated with an elegant plaque in Crite's honor.
Iron-Broker
Hello! I am the newest Boston real estate agent here at Cabot & Company. I started about 2 months ago, and it has been great so far. I was already very familiar with the area, having lived all over Boston neighborhoods for the last 7 years– from Brookline to Beacon Hill to Back Bay to Cambridge. The biggest thing to getting oriented was seeing all the different types of apartments that this area has to offer. Luckily, our office works with some great landlords so I have seen some really amazing Boston property.
Aside from training in my new role here at Cabot, I am also training for the Ford Ironman Louisville triathlon. For those of you that don’t know, an Ironman is a 2.4 mile swim, followed by a 112 mile bike ride and ending with a marathon (26.2 mile run). The race starts at 7 am and you have to finish the course by midnight (you have 17 hours to finish). You can visit my website for some pictures and more information about this challenge.
I have until the end of August to get ready. You can help me out by calling me at 617-894-2138 and telling me that you want a penthouse apartment in a building without an elevator. I’ll be happy to take you up to see as many as you like because I need all the training I can get.
Eric Shabshelowitz
Cabot & Company
213 Newbury Street
Boston, MA 02116
Cell: 617-894-2138
Fax: 617-536-8410
Email: eric@cabotandcompany.com
www.cabotandcompany.com
Allan Rohan Crite Open House
Allan Rohan Crite House Condominium
Ribbon Cutting by Mayor Menino
OPEN HOUSE SUNDAY JUNE 20th 2:00-4:00 PM
410 COLUMBUS AVENUE SOUTH END
On June 20th from 2:00 - 4:00 p.m., Cabot & Company will be hosting an OPEN HOUSE
and special exhibition of Allan Rohan Crite's artwork, sponsered by Citibank (South End Financial Center: 1365 Washington Street Boston, MA 02118)
The late artist lived for over 90 years in the South End of Boston. He spent 40 illustrious years in the brownstone at 410 Columbus Avenue. This home is exemplary of South end condos, as it has been completely restored to its original Victorian splendor. It now consists of 3 luxury condominiums with 2011 amenities including Chef's kitchens with islands, granite and marble baths, designer lighting, Cat 6 wiring, surround sound and I-POD docks, eco-friendly cabinetry and Porcelanosa tile, soaking tubs, Elfa closet systems,and decks and terraces overlooking Carleton Park - a luscious urban oasis.
The developer, Webb Place Development, Cabot & Company, and the Allan Rohan Crite Research Institute will be offering refreshments, music, and beverages and invite our guests to preview the fabulous Boston luxury real estate residences.The building has great local and historical significance as the Rainbow Coalition was formed in the storefront. The street level also served as a meeting place for the Black Panthers, and a salon for artists, neighbors, philosophers, art enthusiasts and friends. Enjoy ART AND THE NEIGHBORHOOD!
Allan Rohan Crite
1910-2007
Master Visual Artist, Painter, Printmaker, Author, Lecturer, Historian & Good Neighbor
"As a Visual Artist, I am in the communication business....I am a part of that tradition, a storyteller of my part of the story of man..that collective memory we call 'history'. It is the memory of the past which shapes the present and gives guidance to the future. I am a storyteller of my view of the African American experience: in a local sense the neighborhood; and in a larger sense, a part of the total human experience."
Shelagh Brennan
617-896-5002
Welcome to all International Investors
Welcome! Benvenuto! Bienvenue! Boa vinda! Recepcion! Willkommen! Добро пожаловать! 환영! 欢迎! 歓迎! أهلا وسهلا! Καλώς ήρθατε! Welkom!
In the last few weeks our office has witnessed a substantial increase in Boston real estate investment inquiries from international buyers. The majority have been from Europe, probably due to the Greek bailout and the fall of the euro. Despite the many economic problems in the United States, and I for one am very unhappy with the unbridled spending and borrowing of our federal government, the United States of America is still viewed as a safe refuge, particularly in times of uncertainty.
Real estate is tangible and Boston has a fabulous international image. Combined with the hyperinflation of many other international real estate markets, Boston property appears to be a bargain with prices generally under $1,000 per square foot. A client from China recently told me that Hong Kong prices are now around $4,000 per square foot. London and Moscow are even higher! So, to all of you wonderful visitors from abroad: Welcome, welcome, welcome to Boston!
