Archive for the 'Boston Condos' category
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!
Time to Revisit the Four Seasons!
This week's featured home in Boston Homes Newspaper is a luxurious condominium at the newly refurbished Residences at the Four Seasons. This development, which includes the hotel, retains its panache among Boston's top luxury properties. Owners enjoy premier concierge services, valet parking, a health spa and swimming pool!
For sale through Cabot and Company are the following:
Gorgeous city views from a two bedroom, two bathroom, with garage parking. Also includes a granite kitchen, hardwood floors, w/d
Four Seasons Place #1204 Exclusive $1,175,000
Seldom available: one bedroom ideally situated on the15th floor with great light and views. Also includes garage parking.
Four Seasons Place # 1514 Exclusive $ 899,000
Look for the article in this Saturday's edition of Boston Homes with the latest Four Seasons news and much more pictures.
Make sure to visit our website.
Buy a Condo in Boston This Week!
Homebuyer tax credit expires this week - thousands of dollars could slip through your fingers!
First-time homebuyers are under pressure to have signed contracts in effect no later than April 30, 2010, and to close no later that June 30, 2010 to qualify for a substantial 10% of the purchase price up to an $8,000 credit! Current homeowners can be eligible for a benefit of up to $6,500.
Less than a week to get your paperwork going, which means you need a Cabot and Company sales specialist to help you put a deal together quickly and efficiently.
Call 617-262-6200 and ask for any sales expert below to take advantage of this huge savings. Why pay rent?
Rene Rodriguez
Shelagh Brennan
Joseph Palermino
Paula Luccio
Josh Medeiros
Carol Korbman
Natalija Pavlovic
Edythe Dyer
A Welcome Winter Party...
A Welcome Winter Party That Reminded Us That, Despite The Recession And The Terrible Weather, We Live In A World-Class City With Fabulous Cultural Institutions.
In the middle of the bleak month of February, many Boston real estate professionals were invited to an event at the Boston Public Library sponsored by First Republic Bank. This party was held in the old reading room in the original part of the BPL. There were lit candles, a live classical string quartet, four different food stations preparing delicious foods such as mushroom risotto and Asian noodles, open bar and even private tours of the library!
There were no speeches or product promotions. A bank representative simply thanked everyone for coming and stated that the event was simply a “Thank you” to those people who have worked with the bank. How refreshing! It was an uplifting time for all and we appreciate the positive reminder that Boston is a special city that will withstand the changes in the economy as easily as it has withstood the changes of many seasons. Thank you First Republic!
For your information, we at Cabot & Company particularly enjoy working with Rich Kertzman at First Republic (t: 617-478-5126 ...email: rkertzman@firstrepublic.com).
-Joseph Palermino
2008-2009 Summary of the Boston Real Estate Market
Looking at this 2009 chart breaking down condo prices in Boston neighborhoods, we are now hoping that the bottom of the Boston market is not looking so bad. Here's why:
First of all, there are a fairly healthy number of sales considering the economic climate.
Secondly, if the construction of new luxury buildings (such as "The Mandarin" on Boylston Street) are taken out of the equation, the double digit percentages would be substantially lower than is currently shown the last 2 quarters of the year in Back Bay.
Additionally, the high numbers evident in the first two quarters of The Waterfront are due to The Fairmont Battery Wharf project development.
Condo Prices in Boston Neighborhoods
Lastly, in comparison to the rest of the country, an average selling time of 3 and 1/2 months is manageable for most sellers.
So take heart Boston, and remember what comes down must go up - and the "down" is all relative!
