Boston, MA Real Estate News

By Michael Mahoney, Boston Realtor
(Real Broker, LLC)
Open Houses Galore this Weekend in Greater Boston See them all here Sure, here are summaries for each market segment for open houses this weekend in Norfolk and Suffolk County in Boston: 1. Single Family Listings:   - Number of Listings: 134   - Average Living Area SqFt: 3,106   - Average List Price: $1,669,801   - Average List Price per SqFt: $507   - Average Days on Market (DOM): 45.19   Summary: The single-family listings in Norfolk and Suffolk County offer spacious living areas with an average of 3,106 sqft. The average list price is approximately $1,669,801, with an average price per square foot of $507. Properties in this segment tend to spend an average of 45.19 days on the market. 2. Condominium Listings:   - Number of Listings: 294   - Average Living Area SqFt: 1,420.68   - Av...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Have you ever wondered what it was like to live in Boston during the American Revolution? Do you want to see where some of the most important events in the history of the United States took place? If so, you should definitely check out the Boston Freedom Trail, a 2.5-mile-long path that connects 17 historic sites in downtown Boston, the North End, and Charlestown.The Boston Freedom Trail is not just a walk in the park. It’s a journey through time, where you can learn about the people, places, and stories that shaped the birth of a nation. You can see where patriots like Paul Revere, Samuel Adams, and John Hancock lived, worked, and fought for freedom. You can also visit churches, cemeteries, museums, and monuments that tell the tale of the American Revolution and beyond.The best part is...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
If you're looking for a place to find stylish, original, and eclectic furniture and decor for your home, you should check out Modern Relik in Boston. Modern Relik is a store that mixes modernity and heritage, offering contemporary products blended with vintage finds and artifacts from around the world.Modern Relik was founded by Meg Kimball, an interior designer and entrepreneur who has a passion for creating beautiful spaces and products. She started Modern Relik as an online store in 2014, and then opened a flagship store in the SOWA art and shopping district of Boston in 2017.At Modern Relik, you can find a variety of products that suit different styles and preferences. Whether you are looking for a sleek sofa, a cozy chair, a rustic table, a chic lamp, or a quirky rug, you can find ...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
The Tea Party Ships Brig Beaver and the Eleanor are two of the three ships that were involved in the Boston Tea Party, a historic event that took place on December 16, 1773. The colonists, disguised as Mohawk Indians, boarded the ships and dumped 342 chests of tea into the Boston Harbor, as a protest against the British tea tax. This act of defiance was one of the catalysts for the American Revolution.The Brig Beaver and the Eleanor were both merchant vessels that carried various goods between England and America. They were owned by different merchants, but they both had similar features and dimensions. They were about 80 feet long, 25 feet wide, and had two masts and square sails. They could carry about 200 tons of cargo.Today, you can visit replicas of these ships at the Boston Tea Pa...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
The Boston Tea Party Ship & Museum is a great place to visit if you are interested in learning more about the history and significance of the Boston Tea Party, one of the most important events that led to the American Revolution. In this blog post, I will give you an overview of what you can expect to see and do at this museum, and why you should add it to your itinerary when you visit Boston.The museum is located on Congress Street, near the Boston Children’s Museum and the Boston Fire Museum. It is open daily from 10 a.m. to 5 p.m., except on Thanksgiving Day, Christmas Day, and New Year’s Day. The admission price is $34 for adults, $32 for seniors and students, $22 for children (5-12), and free for children under 5. You can buy tickets online or at the museum entrance.The museum expe...
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By Justin Rollo, Broker serving Greater Boston, MA
(Signal Real Estate)
South Boston Condo Market: A Look at the Current LandscapeThe South Boston real estate market is heating up, and the condo market is no exception. With 53 active listings, South Boston is seeing a high demand for its prime location, vibrant community, and growing dining and entertainment scenes. The average list price for condos in the neighborhood is $1,156,231 and they have been on the market for 57 days.Comparing this to a year ago, we see a significant increase in the average list price for condos in South Boston. In the same time period last year, there were also 53 condo listings in the neighborhood, with an average days on market of 75. However, the average list price was significantly lower, at $950,789. This shows that the South Boston condo market is in high demand, with price...
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By Michael Mahoney, Boston Realtor
(Real Broker, LLC)
Today Matters is a daily message put out by Greater Boston Realtor Michael Mahoney for the agents in his office. Check me out @ http://www.RealtorMikeMahoney.comIn today's video, we review mortgage rates.See the video here ohttps://youtu.be/syD9kxV6Ofsr click below
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By Michael Mahoney, Boston Realtor
(Real Broker, LLC)
Today Matters is a daily message put out by Greater Boston Realtor Michael Mahoney for the agents in his office @ Century 21 American Properties. Check me out @ http://www.RealtorMikeMahoney.comWhat's Happening with Real Estate nationally and how about in Boston?Not what all the clickbait sensationalists are touting.See the closed sales report from GBREB...See today's video here 🎦🎦►► What's Happening in Real Estate Now? ◄◄🎦🎦Read my full article here
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By Michael Mahoney, Boston Realtor
(Real Broker, LLC)
Happy New Year! Hope this finds you well. I have just lined up the Century 21 Career night schedule for the 1st Quarter of the new year.Our first one of the quarter, will be on:  January 19th, 2023 @ 5:45 PM  @ our regional Century 21 office at 246 Main Street in Walpole, MA I have a few questions to ask you. Have you been looking for a change in your life? Do you think you have what it takes to be in business for yourself and you’re tired of making other people rich?Have you ever considered a career in real estate?I will look forward to seeing you on January 19th @ 5:45 at our regional office.   👀 See the FULL Video Here 🎯🎯🎯  Special video for You with the Special Invite and Offer  Sign up for Career Night Here 
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By Zachary Parker, Real Estate Journalist
(ProSource Media)
Boston’s market for condo sales looks to be eroding in the face of rising interest rates and inflation.  Total condo sales in the city last month were 325, a sharp -43.48% drop compared to August 2021.  Last month, the Fed raised interest rates for the 4th time in 2022 to try and control rampant inflation.  It seems to have stifled demand for Boston real estate, as last month's total sales were the lowest for September in the last 5 years.    Boston Condos Sep 2022 Sep 2021 % Change Total Listings 953 1,028 -7.30% Median Days on Market 25 26 -3.85% 30 Day Sales 325 575 -43.48% 30 Day Median Sale Price $759,447 $684,022 11.03% 30 Day Price Per Sq Ft. $827 $798 3.63%  We can expect to see more of the same as we head into Q4, typically the low season for Boston’s real estate market.  This ...
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By Zachary Parker, Real Estate Journalist
(ProSource Media)
Pitchbook recently released their NVCA Venture Monitor for 2021, and Boston has again set a record high for venture capital funding.  Last year, Boston-based startups attracted $34.9 billion in capital funding.  For the fifth consecutive year, Boston ranked 3rd highest among all metros in their regional spotlight, behind New York and San Francisco.   According to Pitchbook’s data, Boston saw a 194.9% increase in total VC capital compared to 2020.  Nationwide the amount of VC funding nearly doubled to $329 billion, up from $166.6B in 2020.  Boston, New York, and San Francisco hold a lion’s share of this total funding, with the 3 metros accounting for over $205B of all venture capital funding in the US.  Miami, New York, Chicago and Denver saw the biggest YOY increases in total capital fu...
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Boston is one of the most historic cities in the United States, and it is also home to some of the most beautiful hardwood floors. If you're thinking about installing hardwood floors in your home, you need to know a few things about the process. In this blog post, we will discuss the ins and outs of the hardwood floor installation in Boston!hardwood floors are a beautiful addition to any home, and they can last for many years with proper care. However, hardwood floors can be a bit tricky to install, especially if you're not familiar with the process. In Boston, there are a few things that you need to take into consideration before starting your hardwood floor installation project.First, you need to choose the right hardwood for your floors. There are many different types of hardwood ava...
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If you're moving to Boston, you're in for an exciting adventure! This vibrant city has something for everyone. Whether you're moving here for school, work, or a new start, we've got you covered. In this blog post, we'll give you our best tips for making your move go as smoothly as possible. From local moves to long-distance moves, we've got you covered!If you're moving locally, the first thing you need to do is find a good local moving company. Boston is a big city, and there are a lot of moving companies to choose from. Do your research and read online reviews to find the best one for you. Once you've found a reputable company, give them a call and get a quote. Be sure to ask about any discounts or promotions they may be running.If you're moving long-distance for example you are moving...
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By Zachary Parker, Real Estate Journalist
(ProSource Media)
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 and can end up being a money pit for years to come. While it’s hard to generalize an entire neighborhood in terms of NOI, we can use median sales prices and average ren...
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By Zachary Parker, Real Estate Journalist
(ProSource Media)
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 of opportunities that others miss. In Boston in particular, a short supply of single family homes and lack of developable land has led to a massive surge in condo development around the city. In modern times, it’s much easier to ...
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By Zachary Parker, Real Estate Journalist
(ProSource Media)
The number of vacant apartments in Boston saw an alarming spike in 2020 thanks primarily to remote learning policies at local schools in response to COVID-19.  In a city where the vacancy rate rarely crests above 3%, the pandemic sent shock waves through the local rental market when Boston's vacancy percentage hit 7.73% in September of 2020.  Since then, that figure has rapidly contracted to 1.22% and is currently sitting lower than where it was in November 2019 before the pandemic.  So it’s safe to say that Boston’s apartment rental market has made a full recovery from COVID-19.  When students came back to Boston for the Fall 2021 semester, it effectively wiped out the inflated apartment inventory and steadied the ship.  If there was ever a doubt as to the rental market’s dependency on...
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By inboundREM Market Updates
(InboundREM)
To complete the sale of a property, purchasers and sellers must pay closing costs, which are also known as settlement fees. In Boston, Massachusetts, for the most part, it is the buyers' responsibility to settle the closing fees. This, however, does not imply at all times. It's possible that the buyer and seller can come to an arrangement where the buyer pays all or part of the closing costs.Closing expenses in Massachusetts vary from $8,000 to $12,000. No-closing-cost refinancing loans are available to homebuyers, but they come with a slightly higher interest rate than conventional loans. Thus, the monthly mortgage payment of a house buyer will rise. This loan may assist with closing costs if you don't have the cash on hand, but another alternative is to arrange your offer such that th...
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By Zachary Parker, Real Estate Journalist
(ProSource Media)
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 highest price per square foot ($1,594/sq. ft.) out of all neighborhoods in Boston.  This is more than 4 times higher than the most affordable neighborhood in terms of of price per square foot, which...
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By Zachary Parker, Real Estate Journalist
(ProSource Media)
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 is 749, considerably less than that of single family homes and condos, which saw 1,100 and 5,733 sales transactions respectively.  The median sales price for multi-family homes in the Ci...
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