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Boston, MA Real Estate News

By Robert Nichols, MungoList.com
(MungoList.com)
For the month of July 2008, the year on year condo sales value in Boston remained flat from 2007 to 2008, while volume dropped slightly at 12%. Here are the numbers: In July 2007 there were a total of 464 condos sold, while July of 2008 saw 408 total sales. The median value of sold condos in July 2007 was $375,500 and rose slightly in July of 2008 to $379,250. This represents a rise of approximately 1% in value and thus values have remained flat. This is an indication that the Boston market has remained relatively strong throughout the mortgage crisis. Although a decline in volume usually precedes a decline in value, Boston has a very healthy luxury market that should help keep values stable in the Boston market. For more information visit www.sharpbuyers.com. Sharp Buyers aims to educa...
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By Robert Nichols, MungoList.com
(MungoList.com)
Many Boston Buyers are unaware that they can receive a %50 commission rebate on their real estate purchases. As the internet plays a more signifcant role in Boston home buyers home search, buyers stand to save more than ever and here is why. With the large number of resources that enable consumers to narrow their home search on their own before they even step out of the house, real estate brokers have been forced to come up with new and creative strategies to attract thses proactive home buyers. As a result many brokers and agents have joined the SharpBuyers.com real estate network. These agents are Realtors that have decided to reward proactive home buyers by giving them up to %50 of their commission at closing. This creates a system where home buyers get a professional negotiator work...
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By Robert Nichols, Boston Real Estate Expert!
(Boston Trust Realty Group)
I wanted to take a moment to let home buyers and sellers know that I am a Dorchester Real Estate Expert. I was born and Raised in Dorchester and know the neighborhood very well. In addition, I have been a licensed real estate professional since 2004. The type of understanding and knowledge one gains from living in a neighborhood for almost Thirty (30) years is priceless. I primarily work in residential real estate but I have also assisted in acquiring commercial real estate in the past. I look forward to working with Dorchester Buyers and Sellers by using both my neighborhood and real estate expertise to point buyers and sellers in the right direction to get them the best deal possible. My website is Bentley REGroup.com I look forward to helping you purchase or sell your home.
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By Robert Nichols, MungoList.com
(MungoList.com)
In May 2008, Boston Condominium sales volume decreased from 536 in May 2007 to 429 in May of 2008. This represents a 20% decrease in volume. Prices remained relatively even for the same period. In May of 2007 the Median price for Boston condo was $389,450 while in May of 2008 the median price was $388,000. This is a decrease of less than 1% in value, which means Boston Condo prices remain stable. Although prices remain stable the volume has significantly decreased which could lead to significant prices decreases in quaters 2-4 of 2008, if the volume doesn't rebound. This information was provided by SharpBuyer.com, Boston's Buyer Broker.
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By Robert Nichols, MungoList.com
(MungoList.com)
In May 2008, Boston single family home sales decreased from 111 in May 2007 to 73 in May of 2008. This represents a 34.2% decrease in volume. Prices also decreased for the same period. In May of 2007 the Median price for a single family in Boston was $385,000. In May of 2008 the median price was $356,000.00. This is an 8% decrease in value. Based on the data, it is clear that Boston single family home sales continue to decline. Home buyers stand to benefit the most during these market conditions.  This information was provided by SharpBuyer.com, Boston's Buyer Broker.
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By Robert Nichols, MungoList.com
(MungoList.com)
The Mandarin Oriental is a highly anticipated luxury real estate project located at 800 Boylston St in the Back Bay of Boston. The building will feature 50 condominiums, 25 apartments, 148 guest rooms and mixed retail space including a 16,000 square foot spa. The Mandarin and its highly touted management team promise to provide the highest quality of service to all who reside in its quarters. The Mandarin Boston will open in October 2008. It was originally slated to open in July of 2008 but after a fire that seriously damaged the spa; the opening date was pushed to October. There are currently three four condos available in this citadel of luxury. The amenities include the renowned Mizu Salon, a huge fitness center and spa, restaurants, and 5-star hotel services at the push of a button....
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By Maureen Reddy, Boston's Premier Home Stager
(DaVinci Designer Gallery)
FOR IMMEDIATE RELEASE          Contact: Maureen Reddy Tel.: 617-539-0241 Cell Phone: 617-319-2837 Email: davinci29@verizon.net Home Staging: Original oil paintings “Set the Stage” in Boston’s Real Estate Market HOME STAGER HANGS HER OWN ART TO CREATE A DESIRED ENVIRONMENT, ENTICE POTENTIAL BUYERS, AND MAKE THE SALE. Boston, MA- May 21, 2008- In today’s slumped market, where single-family home and condominium sales are down 28.3 percent and 35.6 percent respectively from last year, sellers are looking for any angle to set their property apart from the competition, to wow the buyer, and to close the deal. On the flip side, buyers are looking for the best value for their dollar along with a well designed and aesthetically pleasing space. Home stager/designer, Maureen Reddy, from DaVinci De...
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By James Harrison, Selling Made Easy
(Boston Bayside Properties)
I expanded into rentals for a number of reasons this year:The condo buyers I sold to a few years ago wanted the option to move while keeping their condo to come back to later on or to wait and sell later. There reasons were many (life style changes, commute to work, size of family, pets, etc).The buy side of my business ( the majority of it) needed some fresh life and another venue to contact buyers besides Open Houses, email marketing, postcards andI started working closer with the investors and found a large depend for quality tenants, because after they buy the 6-family or 3-family they always need it quickly tenanted.Most renters eventually buy and more most landlord eventually sell.Here are just a few great rentals I currently have:$1300/month for this Ashmont Hill 2nd floor unitAl...
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By Erik Lind
(4More Appointments)
I would like to introduce myself to the community. I have recently been appointed to the Center Director of 4 More Appointments, Inc. 4 More is marketing company that specializes in creating inbound business for our customers. We transfer live calls, set face to face appointments and support on site call center consultation for the inusrance, financial and mortgage industries. The fact is most reps and agents don't fail in these industries because they can't pass the exams. On the contrary; almost all pass the exams and then fail because they run out of prospects to share their knowledge and expertise with. The companies have divested themselves of salaries and benefits and forced the sales force into a self employed status with zero marketing budget.   These industries have gone throug...
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By Greg DiGiorgio, EXPERIENCE | INTEGRITY | RESULTS
(DiGiorgio Realty Group)
This is a question I get asked pretty much on a daily basis.  I could be in Dunkin Donuts, the cleaners, convenience store, or the dentist.  If someone knows that I'm a Realtor the question usually follows.  Here's the deal, its good for some, and not good for others.  Let me explain.   If you are planning to buy a home right now and want to sell it for a profit in 2 years, its probably not a good time to buy.  However, if you plan on staying in the home for at least 5 years, its definitely a good time to buy.  Now on the selling side, if you just bought around 2003 or 2004, HOLD ON TO YOUR PROPERTY IF YOU CAN!!  If you don't have to sell right now don't.  Get out of the adjustable rate mortgage, get into a fixed rate, and hold on for a little while longer.  I know this is easier for so...
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Growing up in Cambridge, MA was not only a great childhood experience and memory; it was also being able to see the history that surrounded my hometown.  Only a hop, skip and a jump to the heart of Boston, I use to love taking the trolley from Lechmere station into what I felt was the greatest place on earth.  Quincy Market and Faneuil Hall hold many dear memories for me.  Where else can you go and find so many beautiful arts and crafts as well as food from every corner of the earth? The feeling as you would walk out from the trolley station and you felt that first gust of wind; you knew you were in Boston. The fluttering of the pigeons perched high on the buildings as well as the business men and women shuffling threw the crowds. The sounds of beautiful music being played by the local ...
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By Robert Nichols, MungoList.com
(MungoList.com)
Boston Real Estate Report By SharpBuyers.comAs we enter into the slowest time of the year for real estate sales it is important to keep a closer eye on the market. This is why SharpBuyers.com is providing this vital report that gives consumers an in-depth look at the real estate market. There are several different ways this information can be utilized. For buyers, declining home prices may be an indication to wait until the market bottoms out before purchasing. The flip side of that philosophy is that the only way to know when the market has hit rock bottom is when it starts to come back up. Hence, you run the risk of missing out on great deals by trying to perfectly time the market. My advice, buy today with the intent to hold. Many investors forget that real estate is a long term inve...
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By David Reznikow, CMPS
(Fairway Independent Mortgage)
Mortgage rates moved away from the best levels of the year last week with force, and this week could resemble last.  Markets have been grappling with conflicting signals about the U.S. economy.  On one hand, there is evidence of inflation in the form of higher cost of living.  On the other hand, there is evidence of a recession in the form of hiring and housing slowdowns.Because market players had expected recession for so long, just the threat of inflation is enough to reverse markets.  Inflation erodes the value of bonds and investors don't want to be caught holding too many of them.  As mortgage bonds are sold, the extra supply drops their price.  This causes mortgage rates to increase.  On most weeks, new evidence of inflation would cause a gradual rise in rates.  But this is no ord...
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If you purchase a Boston property, then you have many options when it comes to transportation. Boston is known as the Walking City due to its extremely pedestrian friendly atmosphere-cars stop at crosswalks, sidewalks are maintained and abundant, and activities are located close in proximity. Many Bostonians who live in areas like the Back Bay, the South End, Beacon Hill or other central areas choose to not own a car, as walkers can supplement their routes with the subway and bus systems. In addition to the public transportation system, Boston also has an intricate road system, much of which has been shifted to underground tunnels-an initiative called the Big Dig-to beautify the city and make it even more pedestrian friendly. Boston is home to the nation's first subway system, fondly re...
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Boston property owners have a world of beauty and history right outside their doorsteps. Because Boston was one of the nation's first cities, it is steeped with history. Residents and tourists alike enjoy taking in history tours and the general atmosphere of this classic city. One of the most popular historical tours is the Freedom Trail. The Freedom Tail a is 2.5 mile trek that covers 16 historical sites that detail America's break from Britain. Another more adventurous option is the Boston Duck Tours, which take viewers on a Duck Boat around the city-and in the neighboring water areas-and is known for its zany tour guides. If you are interested in Back Bay real estate, then some of the city's most popular destinations are at your fingertips. Both the Back Bay and Beacon Hill open up t...
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Boston's real estate sits along the Massachusetts Bay, where the Charles and the Mystic Rivers' mouths empty into the ocean. Naturally, Boston's seafood restaurants are some of the best in the nation. One of the most famous seafood chains in Boston is Legal Seafoods. With several locations all around the city, it is a great choice for fresh seafood in an informal yet elegant environment. If you live in a Back Bay condo or home, then you may make the Atlantic Fish Co. a staple, as many Bostonians do. (Their clam chowder is a must.) On the other hand, if you are looking for no-frills, fresh seafood, you might try No Name Restaurant near the Boston Fish Pier. They have been voted the best seafood restaurant several years in a row and offer practically unheard of prices. But seafood is not ...
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Boston perfectly blends modern amenities and classic buildings to create a timeless city, full of innovation. For those who are interested in purchasing Boston real estate, there are many options. Boston is known for its luxury real estate, which includes Brownstones, Rowhouses, high-rise condos, and a plethora of beautiful houses both in the city and on the outskirts. Because Boston's real estate is extremely diverse depending on which neighborhood you choose, it really has something to meet everyone's tastes. Some of the most popular luxury real estate areas include the Back Bay, the South End, and Beacon Hill. However, each neighborhood has its own characteristics, so check out descriptions of all the different neighborhoods here. The beautiful Boston condos, town homes, and houses a...
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By Robert Nichols, MungoList.com
(MungoList.com)
Attention sellers, we are currently in a declining market. If you are serious about selling your home then it is critical that your Realtor understands the dynamic between the market trend and your home's value. Let me explain. The longer your home is on the market the lower the market value. In order to sell your home as quickly and profitably as possible, you must get ahead of the trend. The 6-month trend for Boston Single Family homes is a 7.79% decline in values and a 36% decline in volume. This is based on the median sales price in Boston from May 2007 to October 2007. This gives us an average monthly decline is 1.3% in value. If you are serious about selling your home then you should seriously consider reducing the price by 1.5% - 2% to get ahead of the negative trend. It may be p...
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