Inventory.
It's the word being thrown around quite a bit whenever anyone in the Boston area is talking about or writing about the real estate market. It's usually coupled with words like "tight," "scarce" and "low." It's the reason for the many multiple-offer situations and rising home prices over the last two years.
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Real Estate Market,
Cambridge MA,
Boston,
Melrose MA,
Newton MA,
Milton MA,
Jamaica Plain MA,
Weymouth MA,
Watertown MA
Who doesn't want to breath fresher air?
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Real Estate Market,
Massachusetts Relocation,
Boston
It's not easy for first-time home buyers to save for a down payment, closing costs and the reserves their lender will require they have in their bank accounts after closing. It's especially difficult in the Greater Boston Area.
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Topics:
Home-buying Tips,
Real Estate Misc.,
Boston
Boston has been in the news lately for its ranking as the third most walkable city in the United States, but ditching the car and living in the city probably isn't a home buyer's least expensive option.
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Topics:
Real Estate Market,
Home-buying Tips,
Real Estate Misc.,
Braintree MA,
Boston,
Andover MA,
South End MA,
Newburyport MA,
Back Bay
Tight inventory and higher prices certainly factored into the second quarter having the fewest number of condominium sales in a couple of years in Downtown Boston, the Boston Business Journal reported July 17, 2014. The BBJ obtained the data from the Listing Information Network, or Link, which is a Boston-based company that tracks real estate sales.
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Real Estate Market,
Massachusetts Home Prices,
Boston,
South End MA,
South Boston,
Back Bay
Single-family homes sales in Boston's Dorchester neighborhood have declined 42 percent from seven sales in February 2013 to just three home sales in February 2014, according to data compiled by the Greater Boston Association of Realtors.
Through the first two months of 2014, there were six single-family home sales, down 33 percent from nine sales during the same period last year.
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Topics:
Real Estate Market,
Community Information,
Massachusetts Home Prices,
Boston,
Greater Boston Association of Realtors,
Dorcester MA
The price of homes in Boston were 9.1 percent higher in January 2014 compared to January 2013; however, Great Boston Area home prices declined 0.5 percent compared to December 2013, according to the S&P/Case-Shiller Home Price Index, a survey of home prices in 20 metropolitan areas. The January 2014 report was released March 25, 2014.
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Real Estate Market,
Massachusetts Home Prices,
Boston,
Case-Shiller Index
The price of homes in Boston were 9.6 percent higher in December 2013 compared to December 2012; however, home prices declined 0.1 compared to November 2013, according to the S&P/Case-Shiller Home Price Index, a survey of home prices in 20 metropolitan areas. The report was released February 25, 2014.
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Real Estate Market,
Massachusetts Home Prices,
Boston,
Case-Shiller Index
In December 2013, the median price of a single-family home in the West Roxbury section of Boston increased 5 percent compared to the median price in December 2012, according to data compiled by the Greater Boston Association of Realtors.
The median price for a single-family home in West Roxbury, MA in December 2013 was $420,000, an increase from $400,000 the same month in 2012. From January through December 2013, the median home price increased 2 percent compared to prices in 2012. For 2013, the median price stood at $419,000 compared to $409,950 for a single-family home in 2012.
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Real Estate Market,
Community Information,
Massachusetts Home Prices,
Boston,
Greater Boston Association of Realtors,
West Roxbury MA
The South End is one of the most popular Boston neighborhoods for those individuals who desire a vibrant community. Its tree-lined neighborhood streets are known for historic properties, many dating back to the 1800s; charming brick sidewalks; ethnically diverse restaurants; eclectic shopping; distinct art galleries; and many small, quaint parks.
Geographically, the South End is located between Back Bay and South Boston and in close proximity to the theater district, Chinatown, Beacon Hill and downtown Boston. The neighborhood extends from Massachusetts Avenue on the west to Berkley Street on the east and north to south from Columbus Avenue to Albany Street.
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Community Information,
Massachusetts Relocation,
Boston,
South End MA
For Boston home buyers looking for a new construction luxury condo in Boston's South End, the Ink Block development presents a rare opportunity. Besides nearly 400 apartments, the development will include 83 luxury condominiums known as the Sepia Condos at Ink Block.
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Topics:
Community Information,
Massachusetts Relocation,
New Construction,
Boston,
South End MA
If the do-nothing landlord and the noisy neighbors weren't incentive enough, three straight years of rising rents in Boston have many renters weighing their first-time home buyer options.
For three straight years, rents in five of Boston’s student populated neighborhoods are rising while the vacancy rate has fallen below 2 percent, the Boston Business Journal reported July 19, 2013. Rental Beast, a Somerville-based real estate market tracker, compiled the data.
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Topics:
Real Estate Market,
Home-buying Tips,
Boston