USA foreclosure statistics have no applicability to downtown Boston real estate because there are little to no foreclosures in the city center, and supply and demand forces erode price discounts. [Read More: Click Here]
20 April 2009
In a continued effort to drive towards providing deeper and wider coverage of the Boston real estate market, the Boston Condo Blog will soon be rebranded and remissioned into the Boston Real Estate Observer. The goal of the Boston Real Estate Observer is to serve as a comprehensive and exclusive news source for Boston real [...]
18 April 2009
We’ve been receiving inquiries related to the latest sales at FP3. Over the past 6 months, according to LINK (which does a scan of the Registry of Deeds on a regular basis), the only units that have closed in the building have been the affordable housing units. Condo developers, by choice, opt-in to the affordable [...]
13 April 2009
With most of the heavy lifting of a 2007-2009 systems renovation project completed, Harbor Towers has become a haven for Boston Waterfront renters. Whether it was the cost of the special condo fee assessments, the state of the real estate market, or a mixture of both, there is no doubt that more condos are available [...]
08 April 2009
New Fannie Mae condo guidelines present a new significant hurdle to sales for Boston condo developers. In the face of these hurdles and with increasingly less patient lenders it is likely that the Boston area will see more condo auctions in 2009. The Wall Street Journal reports a summary of the changes: “The government-backed mortgage-finance company [...]
31 March 2009
Exterior work at the Boston W Hotel & Condos mixed use development has shown great advances over the past several months, with the steel structure being topped off quite quickly. The glass and steel structure inserts a very unique feel to the area at the corners of Stuart and Tremont Streets (100 Stuart Street Boston, [...]
25 March 2009
After two years of (re)construction, closings at the luxury Zero Marlborough building began in September of 2008. Anticipation grew as the art deco 12-unit building was transformed into one of the latest boutique concierge buildings in the Back Bay, sitting in an ideal location at the corner of Arlington and Marlborough Streets, adjacent to the [...]
15 March 2009
If you’ve ever moved from the hustle and bustle of Newbury Street in the Back Bay towards the esplanade and the Charles River, you know that once you cross Commonwealth Avenue heading north, the pace of life and city sounds all tend to slow down. Essentially, that is Marlborough Street, a wide, one-way, tree-lined street [...]
13 March 2009
In what seems to be a developing trend, the Macallen Building in South Boston is beginning to offer a sizeable chunk of its remaining inventory (still owned by the developer, Pappas Properties) for rent. Certain units have been identified as rentals, however, in effect, the entire inventory also remains for-sale, and for-sale prices have been [...]
11 March 2009
Audubon Park in the Audubon Circle area of Boston (near the border of Brookline) has recently switched gears from for-sale condos to apartment rentals. Condo sales have been slow at the completed development where 12 of the 53 condos have sold, with an average price of $563,000 ($592 per square foot), a median price of [...]
05 March 2009
The luxury condos at Boston’s Mandarin Oriental sold out well before construction was complete, one of the first condo developments to pull off such a feat in the city. Once closings took place in the September / October 2008 timeframe, roughly 10% of the units in the building went up for resale, even before owners [...]
Added on 23 October 2008
