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The Lower the Inventory, The Higher the…
The median asking price for a Boston condo on April 1. I charted the last ten years of Boston’s median asking prices for April 1 and this is what I got. In a supply and demand world, it should come as...
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Boston Condo Inventory and Asking Prices
Brookline is experiencing what’s typical for the Boston condominium market: As inventory drops like a rock, prices skyrocket! Boston, it’s time to admit you have an inventory problem. For a long time...
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Did I Get it Right?
On May 15, 2013, I made some recommendations to prospective buyers. Were they the right ones? Let’s look back and see. See the post I wrote for Boston.Curbed on May 15, 2013, exactly one year ago. Were...
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An Over-Ask City of Champions
In May, Boston condo buyers didn’t ask, “What’s the lowest the seller will take? Instead, they wondered how far over ask they would have to bid to beat the competition. As a result, Hub sellers...
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Cambridge, We See Your List Price and Raise!
More often than not, Cambridge condos sell for more than the list price. According MLS statistics, nearly 80% of the Cambridge condo sales in May closed at a price that was more than the list price....
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13 Condo Market Prices Versus 2005
This chart compares the median condo price in the first seven months of 2005 to the median condo price in the first seven months of 2013. Clearly, the biggest gainer is Midtown and Midtown can thank...
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The Fall Market and Boston’s Most Valuable Square Feet
Took this photo from a private deck at 1 Charles. Makes Boston look like NYC. What does it take for a condo to have the most valuable square feet in a market? Find out when you read my featured column...
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East Boston Shocker! $1.499 Million Condo Goes Under Agreement
According to MLS, the 3,643 square foot condo in this former fire house at 64 Marion Street, listed for $1,499,000, just found a buyer. The sale is contingent on a P and S being signed. The condo last...
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Extreme Over Ask Hub Offers in a Word
I surveyed more than 5,000 Hub condo sales that occurred in the first ten months of 2014. I was looking for a characteristic that these condos, regardless of price, had in common. I think I found it...
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Boston Real Estate Prices Versus 1974
Is Boston real estate a good investment? Check out this ad for the condo conversion at 90 Com Ave, Back Bay circa 1974. It says the condos start at $45K….Er, I think you should have bought two. I...
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Popularity vs. Price in Hub Condo Market
Sometimes, the most popular choice can also be the most economic. Unless, of course, you’re talking Boston condos. Because in that market, the most expensive dollar per-square-foot range is starting to...
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Hub Values Are on the Move
Hey, the dollar per square foot value in your neighborhood moved. Do you want to know where it moved to? Check out my featured column in Curbed and find out!
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Boston Magazine March: Mind=Blown
Mega-thanks to Boston Magazine editor Kara Baskin for including some of my insights in the magazine’s comprehensive look at our current real estate market. Click the link to check out a few of my...
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Millennium Tower Now 70% SOLD
BOSTON (March 11, 2015) – Millennium Partners, developer of the award-winning Ritz-Carlton Hotel and Towers, Millennium Place and other acclaimed projects in Boston and across the country, is pleased...
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Boston Condo Market Looks Like A Million Bucks!
Midtown was just one of the markets I saw where nearly every condo for sale was over $1 million. I looked at several Hub condo markets and all I saw for sale were million dollar condos. Which markets?...
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Hub’s April Condo Market Results
How was the Hub condo market market in April? Put simply: sales tanked, but over-ask offers skyrocketed. Incredibly, despite significantly fewer sales, there were significantly more extreme over ask...
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The Real Estate Reason Boston’s Biggest Employer Fears Cleveland
The Rock and Roll Hall of Fame in Cleveland. Yesterday, at the latest Bisnow “State of the Market” presentation, Jim Rooney, the new President and CEO of the Greater Boston Chamber of Commerce, told a...
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As Prices Rise, There Are More “Luxury” Boston Condos
As prices rise, I guess the last thing listing agents want to do is downplay the quality of life in the homes they are offering for sale. As a result, more and more Boston condos are described as...
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Get the Skinny on 8 Hub Developments in 8 Different Neighborhoods (The Easy Way)
If you don’t see a crane somewhere today, then you probably didn’t make it out of your Hub area home. Such is the intensity of the Boston building boom: cranes, construction and commotion, everywhere....
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Boston’s Concierge Condo Sales Surge
In 1985, Bostonians didn’t understand the full-service concept. “But New Yorkers understood it and international buyers understood it,” Diane Maloney, the marketing agent of one of Boston’s first full...
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