The Greater Boston Association of Realtors has released the local market updates for March 2016 and seeing how single-home and condominium sales increased despite an increase in pricing, it is safe to say it's a seller's market. The supply of homes for sale in March was significantly higher than February, indicating that more sellers are … Continue reading Boston Market Update: First Quarter of 2016
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The Greater Boston Association of Realtors has released the local market updates for March 2016 and judging from the high number of inventory available in the Newton area, it’s a buyer’s market. The supply of homes for sale in March was up over February, indicating that more sellers are deciding to list their homes. However, … Continue reading Newton Market Update: First Quarter of 2016
If you are a college student looking for off-campus housing for the coming semester and are planning to live within a 1 mile radius from your school, brace yourself! RadPad, a startup specializing in apartment searches, compiled a list of 50 universities that have the most expensive off-campus apartments. Boston area schools took up a full fifth of the chart. The rankings are based on the average rent for a 2 bedroom apartment within 1 mile from the campus.
Condo prices all across Boston are skyrocketing as the spring market kicks off. Urban areas, from upscale to affordable, are leading the charge. Somerville, Jamaica Plain and increasingly upscale Charlestown saw some of the biggest increases as did Brighton, Medford and West Roxbury. And it’s not just rent prices that are on the rise. Sales are up by double digits in the same areas as well. The median condo price in Massachusetts went up 10% in March, clocking in at $320,000 which is more than the median price of a single-family home ($315,000).
The stunning properties in Beacon Hill have always been the centre of attraction for the housing the housing market in Boston. Recently, a 136 year old townhouse located at 9 Lime St. in Beacon Hill has become available for sale at an asking price of $5,499,000.
The busy area of Brighton is one of Boston’s more reasonably priced neighborhoods. However, the booming real estate market in Massachusetts has conquered this area too. Housing prices have for the most part scaled upward from the previous decade. A study by NeighborhoodX (a land research site) has shown that the average selling price for condos in … Continue reading How Condo Prices In Brighton Have Changed Drastically Over The Past 15 Years
Westbrook Partners has arrangements to construct a 17 story, 250 suite hotel in Chinatown, and will be filing its proposal to the city officials. The hotel project would be 181 ft. high at 79 Essex St., a 8,095 sq. ft. corner space at the cross-section of Essex and Oxford boulevards that right now is home to a warehouse and office building.
Suffolk Construction (the biggest general contracting firm in Massachusetts) is preparing for a $22 million expansion of its headquarters in Roxbury to accommodate its projected growth by 10% in headcount.
Beacon Hill is a prominent attraction for tourists visiting Boston. The Greek Revival architecture, Cobblestone Streets, Boston Commons and the Public Garden are all located within a walking distance and nobody wants to miss out on these attractions. But a complete tour of the Beacon Hill area could easily take up a whole day. To … Continue reading Important Things To See In Beacon Hill
Here are some proposals from 6 developers who are competing to redevelop the Winthrop Sq. area (a humungous garage in the Financial District of Boston). Proposal No. 1: Accordia Partners: Proposed a 725-ft, 57-story tower spreading over 768,600 ft. The tower would incorporate 188 apartment units, a hotel with 280 rooms, a black box theatre with 175 seats, … Continue reading Six great propositions for Boston’s Winthrop Square
While many understand that home ownership rates are at a low, Boston.com found that at its current rate of 63.7%, home ownership is at its lowest number since 1993. Furthermore, the GenX percentage of ownership, that is, those born after the baby boomer era, is even lower, at 58%. To find this number of home … Continue reading Homeownership Levels Approaching Historical Levels
As many know, landscaping can be a sound investment into one’s property. While it not only provides personal pride and satisfaction attributed to a home, it can also increase the value of one’s property. With landscaping becoming more and more of a prominent aspect to one’s estate, it can also cost more than one would … Continue reading Home Landscaping and What You Can Get for Your Money
Jim Lowenstern 