Thursday, August 30, 2012

Boston Real Estate Home of The Week

45 Province

Stunning panoramic views of Boston from within Unit and Private Terrace! This classically elegant 33 story luxury residential tower, designed by world-renowned Robert A.M. Stern Architects, LLP, features 102 graciously appointed one to four bedroom luxury condominiums residences starting on the 15th Fl. The Clarendon, developed by Related Companies and The Beal Companies, offering a repertoire of unparalleled services and amenities amid a relaxed and elegant atmosphere, presents "The Way to Live

Wednesday, August 29, 2012

At last, some good news for the real estate housing market. Boston Real Estate has remained strong and steady and likely to sustain it's growth.

The closely watched S&P/Case-Shiller Index of property values in 20 cities rose 0.5% in June compared with June 2011, its first gain since September 2010.

But the New York metro area was among just six of 20 metro areas where prices fell, dropping by 2.1% compared with last year. When compared with May, New York area prices rose 2.1%.

"The New York region continues to show an erosion in prices over the past two years," Jonathan Miller, CEO of real estate appraisal firm Miller Samuel, told the Daily News.

Miller noted that the index does not include co-ops and condos and covers a broad territory including Long Island, Westchester, Fairfield, Northern New Jersey and a county in Pennsylvania.

From a national perspective, the report brought signs that the housing market is in recovery mode, fueled by low interest rates and rising demand.

"We seem to be witnessing exactly what we needed for a sustained recovery," David Blitzer, chairman of the S&P index committee, said in a statement. "The market may have finally turned around."

As of the second quarter, average home prices in the country are back to 2003 levels, the survey showed. The S&P/Case-Shiller Index was up 6.9% over the first quarter of 2012 and up 1.2% over the second quarter of 2011.
That marks a big turnaround from the steady declines witnessed during the recession. The National Home Price index hit a record low decline of 18.9% in the second quarter of 2009.

A separate report showed that foreclosures are falling off nationally.

There were 58,000 completed foreclosures in the U.S. in July 2012, down from 69,000 in July 2011 and 62,000 in June 2012, according to CoreLogic.

Wednesday, August 15, 2012

Boston's Fan Pier Real Estate

Absolutely Boston's newest trendy place to be seen.  If you not mingling in the Seaport then you must be hiding under a rock!

From residential real estate to marina's and the finest restaurants, Fan Pier has taken on a world unto itself.  Having been on the Boston Real Estate world since 1993 I have heard about the Seaport emerging as Boston's hippest extension to the city.  For years the Fan Pier has been like a dormant volcano waiting to erupt!

Erupt is has, for over the past five years this waterfront section of Boston has become the "Place to be."  housing units are on the rise with the development of new luxury mixed use buildings, empty seats at any of the top restaurants are a thing of the past in this rapidly developing neighborhood.

Every night seems to be the night at Fan Pier........Join in, everyone else is.

Wednesday, August 8, 2012

Weston Mass Housing Market

Weston Real Estate Office
Weston Real Estate, Massachusetts Real Estate, Weston MA, Weston Homes, Luxury Real Estate
Weston is one of the more sought after neighborhoods to reside in all of Massachusetts as well as all of the nation. Ranked among the 100 wealthiest communities in the United States, Weston is the wealthiest suburb of Boston. It is easy to travel to Boston through the convenience of both the Massachusetts Turnpike and Route 128. In addition to representing the quintessential New England community, Weston is a great area to raise children – in 2010 Weston High School was ranked the #1 high school in the state of Massachusetts by Boston Magazine.
Now in Weston we have had signs of a strong recovery in the Real Estate market. Currently, 104 homes on available in Weston in all price ranges. Although the town is one of the more expensive, affluent communities around, more affordable homes can still be purchased without the big price tag. Today, one can buy anything from a two bedroom, $569,000 Cape-style residence to one that has six bedrooms and is listed for $19,500,000. Eight of the aforementioned listings, it must be noted, already have accepted offers.
Over the past three months, 49 properties were sold in the town of Weston. These were found to be in the price range of $420,000 for a four bedroom home to a five bedroom property which sold for $6,250,000.