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32 Yarmouth St – Unit C Boston, MA : South End 02116

Posted on 21. Jan, 2013 by in Featured Homes


32 Yarmouth StreetAnother new and great listing. This one came on on Thursday and already has one offer on the table. Expect it to be sold by tomorrow probably very close to asking price.

This was a one bedroom in an excellent South End location. Some people don’t love Yarmouth Street in particular but I am not one of them. The unit is in pristine condition and feels very lightly lived in. The bedroom is large and very bright. The living area sports a totally updated kitchen and an open floor plan.

At $719 per square foot its on the higher end of the price range but I think justifiably so. The South End market is hot and the inventory is limited so anything in premium condition in a solid location should sell at a top tier price. Add in a 75% owner occupancy rate and sold reserve fund and this sub $500k unit is both appealing and buy-able by a huge portion of the market.

Get more pictures and the full MLS sheet here: 32 Yarmouth St – Unit C Boston, MA

119 Park St – Unit 10 Brookline, MA : Coolidge Corner 02446

Posted on 21. Jan, 2013 by in Featured Homes


119 Park StreetToured an interesting new listing on Sunday… 119 Park Street is a 1500+ square foot three bedroom apartment with a deeded parking space located only a block from Coolidge Corner.

This unit clocks in at $358 per square foot which is very low for the location. The unit is a penthouse unit and as such not all of the living area has full ceiling heights. This partially accounts for the low price per square foot. The fact that the building does not have an elevator ie this is a 4th floor walk up also factors in.

All that said the unit is extremely bright and airy with lots of windows and skylights. The finishes are dated but clean and totally livable in the short run. At a list price of $549,000 this is one of the more interesting units I have seen come to market in a while.

Get more pictures and the full listing sheet here: 119 Park St – Unit 10 Brookline, MA

Bargain Suburbs, Continued!

Posted on 18. Dec, 2012 by in Everything Else, Featured Homes


We started our @Boston.com “Bargain Suburbs” Property Picks round up on our Facebook page and we are going to finish it here on our blog.

So far we have given you the following bargain picks:

Ashland:

Bargain Property Pick:
Renovated 4 bed 3000 square ft colonial home w/Brazilian cherry wood floors.
Price tag: $429,000

Boxborough

Bargain Property Pick:
2600+ Sqre ft, 4 bedroom (including master suite) home on almost a full acre!
Price Tag: $637,500

Here are the remaining 9 “Bargain Suburb” Property Picks:

Foxborough :


Georgetown:

Price tag: $264,000

Holliston:

Brand NEW custom 3000+ square foot 4bed/2.5 colonial

Price tag: $599,000


Maynard:

(Pic not available at this time)

Price tag: $334,000

Newbury:
Be minutes from the beach in this 4 bed/2.5 bath colonial on 2.5+ acres

Price tag: $534,000

Norfolk:

Price tag: $509,900

Walpole:

West Newbury:
4bed/2.5 bath home with a tennis court AND in-ground pool!

Price tag: $469,000


Wrentham:

Price tag: $579,900
That wraps up our “Bargain Suburbs” Property Picks!
Brought to you by,
Territory.com
Massachusetts Premier Buyer Brokerage
617 848 5407 x701

Magical Waterfront Property For Sale: Bids Due Oct 4

Posted on 01. Oct, 2012 by in Featured Homes


Stunning property in Cotuit is up for sale in an ACCELERATED SALE scenario! Bids due October 4th at 5PM. Minimum Published Reserve of $2,695,000!

This home has marvelous views of Cotuit Harbor plus a guest cottage. The property extends to the shore of Cotuit Harbor and includes 60 feet of sandy beach frontage.

Buy with Territory.com and receive up to $67,375.00 cash back

Hottest Markets Round Up, 2012: Newton

Posted on 18. Sep, 2012 by in Everything Else, Sold!, Territory News


I answered a question on Trulia today that was pretty much identical to the “Boston’s Hottest Markets Round Up …” blog series I have been posting over the last several weeks so I figured why not “cut and paste” and add it to the mix. After all, the suburbs count too!  :) The big difference between my answer below and the blog posts that I must point out is the addition of the month of July in the overall statistical calculations.

The Question:

How well do home values in newton center hold up? is it quite competitive (multiple competing bids) on homes > $1.5MM now?


The Answer:

It was (and is) a very competitive market (lots of competitive bids depending on the season) yet very insulated so it’s a great place to invest your money. They have great schools and it is close proximity to downtown [Boston]. Almost every offer scenario we were [involved] in with clients was a competitive bid.

Here are some numbers to give you a sense of where the market stood at the end of this spring season compared to 2011. I chose the below dates because the average time to close is about 60 days and the spring market really heats up end of April/all of May leaving July and August as prime months for closings, giving a general synopsis of that yrs market.

7/1/2011 – 9/1/2011

Total Single Families sold:132
Avg. Days on Market: 69
Sale Price to Listing Price Discount: 3%
Sale Price to Original Price Discount: 6%
Median Price: $772,500

7/1/2012 – 91/2012

Total Single Families Sold: 170
Avg. Days on Market: 80
Sale Price to Listing Price Discount: 2%
Sale Price to Original Price Discount: 4%
Median Price: $862,450

As you can see by the numbers the spring market was red hot this year! The median price increased in 2012 about 11% which is astounding. You can also see there were smaller discounts in sale prices compared to the previous year which was probably a reflection of the competitive bid scenarios (drives prices up).

Since you asked up to 1.55M I thought you would be interested to know that in 2011 during the time frame above the most transactions happened in this price point: $1,000,000 – $1,499,999 and in 2012 it was the exact same.

I hope that helps! There is always more [info] where this came from as it is our primary job as exclusive buyer’s agents to educate home buyer’s. Feel free to contact us anytime with questions about a market or home.

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See what all the fuss is about in Newton HERE by scrolling through every property on the market for sale

Boston’s Hottest Markets Round Up, 2012: South Boston

Posted on 14. Sep, 2012 by in Everything Else, Sold!, Territory News


We were blown away by the competition in the Boston and the Boston suburb real estate markets this spring so when August rolled around we couldn’t help but stalk the sale numbers (Kid-In-Candy-Store style). But, what fun would it be if we kept the info all to ourselves? So we decided to post a short but sweet series of blogs outlining statistics for some of the hottest markets this year.

In this blog we introduce a market with a ton of buzz and activity: Southie! The numbers appear to support what Territory.com predicted as a market-changing summer for this neighborhood. Check it out:

 

                                            8/1/2011 – 9/1/2011                      8/1/2012 – 9/1/2012

Total Condo’s Sold:                               68                                               90

Average Days On Market:                     79                                              63

Sale Price to List Price Discount:         4%                                              2%

Sale Price to Original Price Discount:  6%                                              3%

Median Price:                                          $362,500                                    $420,500

 

Territory.com wrap up corner: It’s pretty obvious with a 25% increase in total condo’s sold and a 14% increase in the median price compared to 2011 that this market is RED HOT ! In addition to more sales it looks like the competition was also hot with <2% in SP:LP discount and <3% in OP:SP discount. There were a lot of new residential and commercial development projects which helped propel this neighborhood into the next IT place to live!

See what all the fuss is about and scour everything on the market in South Boston HERE! Need something to do this weekend? Why not get out of the house and check out some Southie open houses for a first hand taste.

Brought to you by, Territory.com, Boston’s Real Estate Agency for Buyers.

Make sure to check back (or subscribe = less work for you!) because more Round Ups are coming your way!

 

Boston’s Hottest Markets Round Up, 2012: Beacon Hill

Posted on 08. Sep, 2012 by in Everything Else, Sold!, Territory News


We were blown away by the competition in the Boston and the Boston suburb real estate markets this spring so when August rolled around we couldn’t help but stalk the sale numbers (Kid-In-Candy-Store style). But, what fun would it be if we kept the info all to ourselves? So we decided to post a short but sweet series of blogs outlining statistics for some of the hottest markets this year.

Beacon Hill, one of the long trusted neighborhoods to invest and live, kept in line with its overall steady market trend showing signs of recovery. Check out the statistics:

 

                                            8/1/2011 – 9/1/2011                      8/1/2012 – 9/1/2012

Total Condo’s Sold:                               19                                               21

Average Days On Market:                     133                                              56

Sale Price to List Price Discount:         4%                                              2%

Sale Price to Original Price Discount:  5%                                              4%

Median Price:                                          $465,000                                    $605,000

 

Territory.com wrap up corner: One thing didn’t change in Beacon Hill this spring/summer and that was inventory – we can attest to that first hand – real slim pickin’s! The year the big difference appeared to be more demand as consumer confidence got a boost which explains the drastic change in DOM (down around 42% from 2011!) The limited inventory may have been the source of the % sale discounts which were also down significantly from last year (things were selling much closer to list price in 2012) In regards to the median price, well, wow! Quite an increase. When we looked closer at the numbers it appears there were more sales in 2011 <$350K which is likely what skewed the median prices – interesting trend.

See what all the fuss is about and scour everything on the market in Beacon Hill HERE!

Brought to you by, Territory.com, Boston’s Premier Buyer Brokerage.

Make sure to check back (or subscribe = less work for you!) because more Round Ups are coming your way!

Boston’s Hottest Markets Round Up, 2012: South End

Posted on 07. Sep, 2012 by in Everything Else, Sold!, Territory News


We were blown away by the competition in the Boston and the Boston suburb real estate markets this spring so when August rolled around we couldn’t help but stalk the sale numbers (Kid-In-Candy-Store style). But, what fun would it be if we kept the info all to ourselves? So we decided to post a short but sweet series of blogs outlining statistics for some of the hottest markets this year.

Not surprisingly the South End continued on its domination tour, resulting in (our Territory.com experience) many competitive bid scenarios – buyers literally had to have check books ready!

Without further adieu, take a look at these South End condo market stat’s:

 

                                            8/1/2011 – 9/1/2011                      8/1/2012 – 9/1/2012

Total Condo’s Sold:                              74                                               46

Average Days On Market:                     75                                              35

Sale Price to List Price Discount:         1%                                              1%

Sale Price to Original Price Discount:  3%                                              2%

Median Price:                                          $537,500                                    $583,750

 

Territory.com wrap up corner: The number of sold inventory dropped but so did the days on market by half showing that while there may have been less to choose from buyers were out to bid! In addition the the SP:OP discount dropped by a percent in August of 2012 and the median price increased by 8%! That could be in part because of the lower inventory coupled with high demand but we have a sneaky suspicion it is also a sign of the South End continuing at high speed on its gentrification train.

Check out all the South End digs currently on the market for sale HERE.

Brought to you by, Territory.com, Boston’s Premier Buyer Brokerage.

Make sure to check back (or subscribe = less work for you!) because more Round Ups are coming your way!

Is Cambridge a Good Place to Live?

Posted on 06. Sep, 2012 by in Everything Else


172 Franklin Street
5 Warwick Park
232 Brattle St

Spreading across just 7.13 square miles, Cambridge, Massachusetts, is the smallest (geographically) of the Boston-area small towns and suburbs that we have covered.  Amazingly though, it is also the most populated, active, and well known.  The real estate market in Cambridge saw 714 properties sold in 2011—that’s more than in Needham (309), Charlestown (223), and Sudbury (154) combined!

Home of two of the world’s leading academic institutions—Harvard and MIT—Cambridge (and the people and ideas it churns out) truly is known the world over.  Often called the “city of squares,” this urban landscape is broken down by its five squares:  Kendall, Central, Harvard, Porter, Inman, and Lechmere.  Each square has a unique character and attitude—some more residential and others commercial, some best for eateries and others for shopping.  No matter how you slice it though, Cambridge is packed with more than 105,000 people!  According to the 2010 census, that number makes Cambridge the fifth most densely populated city in the US and second most in the state of Massachusetts (behind its neighbor, Somerville).

With so many people and so little space, the real estate offerings are primarily all condos or multi-families.  A few single family homes spring up from time to time, but they generally always come in at the higher end of the market, which, in our experience, can be the most competitive part of the market.  As you’ll see from the stats below, the inventory has dipped slightly in the last several years, but the average sale price has actually increased by nearly $69,000!

The college and university scene, along with an active resident base, fill the local event calendar nearly year round.  It is quite possible that you could do something different every day or night of the week by sticking around Cambridge alone.  In fact, the city’s website claims that it lays host to at least 90 outdoor events annually.

World-renowned universities, unbeatable cuisine, and the energy of 100,000+ residents–could Cambridge be the place for you?  Here are a few more quick facts to consider:

Real Estate Market Facts:

  • 1/1/2004-1/1/2005
    • Properties sold = 831
    • Median sale price was $443,232
    • Homes sold at an average of 99% of their list price
  • 1/1/2011-1/1/2012
    •  Properties sold = 714
    • Median sale price was $511,773
    • Homes sold at an average of 97% of their list price

Restaurants and Eateries:

Things to Do/See:

Festivals:

Rarely is there a vacancy on the Cambridge fair and festival calendar.  Here are just a few of the highlights:

Fun Facts:

  • Cambridge has the highest percentage of commuters who walk to work.
  • Cambridge is 7.13 square miles
  • Slightly more than 105,000 residents
  • Harvard is the city’s largest employer with 10,718

Notable Residents:

There are far too many to name when it comes to the world of academia, science, and medicine, but the following statistic sums it up nicely:

  • At least 129 of the world’s total 780 Nobel Prize winners have been, at some point in their careers, affiliated with universities in Cambridge.

Other famous Cambridge-ites:

  • EE Cummings
  • James Russell Lowell
  • Oliver Wendell Holmes
  • Mandy Kaling (The Office)
  • Ben Affleck
  • Matt Damon
  • Conan O’Brien
  • B.J. Novak (The Office)

Schools:

  • 12 Elementary-Middle Schools
  • 3 Public High Schools

Higher Education:

Thinking you might like to call Cambridge home?  If you need more information, market facts, or just some general advice about the area, we’d love to give it to you.  Browse all homes listed here and don’t hesitate to call!

 

Boston’s Hottest Markets Round Up, 2012: Jamaica Plain

Posted on 06. Sep, 2012 by in Everything Else, Sold!, Territory News


We were blown away by the competition in the Boston and Boston suburb real estate markets this spring so when August rolled around we couldn’t help but stalk the sale numbers (Kid-In-Candy-Store style). But, what fun would it be if we kept the info all to ourselves? So we decided to post a short but sweet series of blogs outlining statistics for some of the hottest markets this year.

First up, Jamaica Plain (which, btw, got the Gold Medal in our Olympic inspired blog earlier this summer – we’re so good maybe we should head to Vegas and “load up”! ). It has truly been remarkable to watch this market blossom.

Anyway, no need to listen to our opinions when there are actual statistics to prove the obvious: JP IS HOT!

Check this out:

                                                   8/1/2011 – 9/1/2011                      8/1/2012 – 9/1/2012

Total Condo’s Sold:                                34                                               55

Average Days On Market:                     109                                              62

Sale Price to List Price Discount:         4%                                              1%

Sale Price to Original Price Discount:  6%                                              2%

Median Price:                                          $314,650                                    $332,000


Territory.com wrap up corner: Not only did the inventory double from 2011 but the competition also heated up with DOM dropping nearly in half and the sale prices going from 4% discount from list price to 1% ! The median price also went from $315K to $332K showing another sign of strengthening market prices.

See what all the fuss is about and peruse the REAL ESTATE!

Brought to you by, Territory.com, Boston’s Premier Buyer Brokerage

Make sure to check back (or subscribe = less work for you!) because more Round Ups are coming your way!