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Market Conditions in Boston : Real Estate Advice

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  • Local Info121
  • Home Buying461
  • Home Selling56
  • Market Conditions33

Activity 38
Sun Nov 24, 2013
Rafael Hernandez answered:
If you place the address on google and search amenities on google maps you should be able to see what amenities are near the location.
0 votes 9 answers Share Flag
Tue Apr 1, 2014
Bill Eckler answered:
From what we have heard via this forum and other sources, would lead one to believe, that like so many other locations, Boston is a market in transition......
0 votes 16 answers Share Flag
Mon Feb 25, 2013
John J. Dean Jr. answered:
Thaddeus .. with you being a Boston broker I would be interested in hearing your thoughts on this. I personally feel that Boston has a tremendous amount of diversity in the market place from universities to high tech and healthcare that have saved our community from some of the real estate horror stories . ... more
0 votes 4 answers Share Flag
Mon Feb 18, 2013
Howard Chang answered:
Tracy Campion
Campion & Company Fine Homes Real Estate
172 Newbury Street, 3rd Floor
Boston, MA 02116
Phone: (617) 236-0711
Fax: (617) 507-4754
0 votes 9 answers Share Flag
Wed Mar 13, 2013
James Furlong answered:
Your best source for that level of local information is your local real estate agent. Yes, sometimes old technology (with modern access) beats new technology.
0 votes 9 answers Share Flag
Mon Jan 27, 2014
Rafael Hernandez answered:
Parking spaces have sold for up to $200k plus in the area. Are you looking to buy or sell. Feel free to give me a call and we can discuss your options.

Rafael H
0 votes 2 answers Share Flag
Thu Oct 25, 2012
gabriel palotas answered:
The economy has nothing to do with real estate. Money does.
Have you ever heard of anyone buying a home in a bad economy ????
if they had the money
Have you ever heard of anyone buying a house without money in a good economy?
Sure. Everyone
That's how we got bad economy
I love economist they tell us who has the money.
People that have money tell us for how much.
... more
0 votes 3 answers Share Flag
Fri Nov 2, 2012
Alison Hillman answered:
Hi there,

At Trulia, we focus on residential real estate. However, it might give you a sense of what you can expect by checking out market trends:

Hope this helps!

Ali, Community Manager
... more
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Sun Sep 30, 2012
James Furlong answered:
This is in Roslindale and not Beacon Hill.

Please feel free to contact me if I can help in your real estate search. or 617-620-0669
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Sun Nov 24, 2013
Matthew Urciuoli answered:
Foreclosures and Bank owned properties are in the suburbs. Mainly in the less valuable areas where home prices are lower to begin with. In Brookline, Cambridge and parts of Boston. The foreclosure would sell near it's market value regardless of the bank situation. The demand is still high enough and there are plenty of people shopping with cash. In other areas we find many foreclosures that remain on the market for months. ... more
0 votes 13 answers Share Flag
Sun Jan 25, 2015
Kevin Vitali answered:
Its more of a buyers market and leaning towards a neutral market. If the economy stays the course this will be a year of the markets leveling out in most areas.
0 votes 28 answers Share Flag
Wed Apr 4, 2012
Richard Shapiro answered:
No. Rates and other economic factors are the biggest things that influences the market. Btw I think the concept of a spring market is a myth. Homes are bought and sold throught the year. ... more
0 votes 8 answers Share Flag
Sat Mar 29, 2014
Louis Wolfson answered:
Absolutely it is what has made and continues to fuel the Boston market and its suburbs. Each year 250,000 students come to boston, many of them rent, many of their parents buy and a large portion fall in love with our great area, find employment and stay here.

Rental apartment cycles and the home buying cycles are fairly standard year in year out.

The rental cycle is typically Sept to August to coincide with the Student market.

The single family housing market is not influenced by the student influx, it is driven by holidays, the summer and the kids school year. It goes like this Spring market Jan 2 not much on the market, huge demand, people within the communities want to buy, enjoy their summer and have their kids in school in sept. Spring market last till end of May.

June, July, August price reductions (except good home always sell at any time at asking or close to asking prices (good home move in condition, c/a, 1st fl family room, granite in kit, 2 car gar, nice yard, neighborhood and good school system) also homes priced below market also always sell)

Sept start of school year, kids involved in sports, Oct Halloween, Thanksgiving, Christmas, New Year - Jan 2 spring market.
... more
0 votes 6 answers Share Flag
Tue Apr 8, 2014
Michael Sylvia answered:
That's a tricky question. The selling price doesn't correlate with the assessed value of properties. Typically condos and homes sell for above their assessed value, but properties also sell for below their assessed value.

The important figure is the Sale Price to List Price ratio. In 2012, the Average Sale to List Price in the South End is 98%. That means that condos are selling at 98% of Asking Price. That amount doesn't reflect price reductions, but 98% is a very healthy number, at least for sellers!
... more
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Mon Dec 5, 2011
Laura Lass answered:
I *think* the pressure on the rental market has more to do with home loans being out of reach for so many consumers. Many people want to buy a home but cannot get a loan. Some can't get the loan because of their recent mortgage default. This makes the supply of rentals lower than the demand for rentals, and the supply of homes higher than the demand. Making home prices lower and rent payments higher. I would think a balance will happen when the housing market gets a little healthier.

I find that big changes happen around election time, and I'm very interested in seeing where the market heads next year.
... more
0 votes 4 answers Share Flag
Tue Oct 25, 2011
Alain Picard answered:
If you want to sell your condo to upgrade to a bigger place then you should see if you're priced right and if your not you should adjust the price accordingly. If you can qualify for a mortgage while still keeping your condo I would suggest renting your condo for now and selling when the market gets better for sellers. ... more
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Thu Oct 13, 2011
Louis Wolfson answered:
Fri Apr 15, 2011
Jaime Fernandez-de-Castro answered:
Hi Rosie,
A lot. Of course nationwide this has been one of the biggest problems we’ve been going through. But again, as you know, the most important factor in real estate is location. So not all areas in the nation have been affect equally. Even within a city’s area some locations suffered more or less than others.
Going forward it can be assumed that there will be less and less foreclosures due to the current economic crisis as we all seem to be recovering from it. Then there will only be the “normal” foreclosures due to death, divorce, hardship, delinquency and other people’s personal problems. As sad as it is there has always been foreclosures and people lose their homes.
... more
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Fri Mar 12, 2010
greg answered:
Do you have the actual sold comparables? Are they within .5 miles of your home and more importantly are they within 90 days. If so, you have grounds to insist upon a review appraisal.
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Sat Feb 13, 2010
greg answered:
Yes, unfortunately this is a fair statement. it is imperative that you monitor new listings in a matter of hours--not days--given the significantly decreased inventory and the large number of buyers seeking to take advantage of the tax credit. In many instances I am seeing multiple offers and even offers in excess of asking. Make sure your buyer is aware of this. Last week I listed a property which I believed to be a little high, however within 48 hours I had 14 offers--most at asking and some in excess of asking. Advice: keep a keen eye on MLS and make sure any offer you take is presented to the seller within hours not days. ... more
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