boston real estate: Boston Neighborhoods With The Best NOI
- 01/20/22 05:19 PM
For anyone looking to purchase an investment property for the first time, NOI (net operating income) is one of the fundamental equations you need to know to estimate its potential profitability. Net operating income in real estate is a financial breakdown of the total revenue that the property will generate in a year minus the normal operating expenses. In short, it’s an annual profit projection for investment properties. In a competitive real estate market like Boston, it’s important to analyze a property based on NOI before you decide to purchase. Some properties may be priced too high to actualize any meaningful profit (1 comments)
boston real estate: How Much Does Real Estate Cost in Boston?
- 01/19/22 04:56 PM
It’s no secret that prices for homes in Boston have skyrocketed over the past decade. Since 2012, prices have nearly doubled in terms of median sales prices, and now it’s hard to find a decent home listed in a good neighborhood under $500K. In fact, the median sales price for single family homes for sale in Boston is $772,925 over the past 12 months, placing Boston among the most expensive real estate markets in the country. Still, there are many ways to analyze housing markets and median sales prices. If you dig into the data a little deeper, there may be areas (2 comments)
boston real estate: 2021 Boston Median Home Prices Condos vs. Single Family
- 10/19/21 10:40 AM
The local housing market in Boston has achieved impressive growth since the housing market crisis of 2008. Thanks to a growing Metro population and a shortage of available real estate, median home prices have more than doubled over the past 10 years, and even maintained double digit growth throughout the pandemic. Now, the median single family home price sits at $776K and it looks like it will be up by a double digit margin again by the end of 2021. The average price per square foot in Boston proper is $710. The actual average varies considerably depending on neighborhood. Seaport has the (2 comments)
boston real estate: Where To Buy Multi Family Homes in Boston
- 10/01/21 06:44 AM
If you’ve been paying attention to the Boston real estate market, you can’t help to think what an investment property in Boston could do for your portfolio. Given the Metro areas steady population growth and seemingly unlimited student housing demand, rent prices have been on the rise over the past decade. Unfortunately, at least in the City of Boston, multi-family homes for sale are always in short supply. Recent housing development in Boston has been focused mainly on luxury high rises and apartment buildings. The number of multi family homes for sale in Boston sold in Boston over the past 365 days (2 comments)