The Rental Market is Out of Control in Boston Luxury Real Estate
July 12, 2014The recent supply of Boston luxury homes for sale has been limited, and buyers who were in between homes, between jobs, or unable to find their ideal home to purchase, ended up renting Boston luxury real estate. This caused massive construction efforts to build high end rental buildings to satisfy the increased demand. Rents still tend to be outrageously high for Boston luxury homes, which is now forcing consumers to think twice about renting versus buying. Read More
Another New Project in Boston
June 16, 2014The project we have all been waiting for is finally about to break ground. Read More
Boston Luxury Real Estate Building Additions Without a Permit
May 3, 2014Living in historically designated neighborhoods like the Back Bay, Beacon Hill or the South End, means home owners must follow strict guidelines to preserve the historic nature of their Boston luxury homes. It’s safe to assume that any changes made to the exterior of the building - front or back - must have the architectural approval of that neighborhood. Read More
Parking Spots Are Considered Boston Luxury Real Estate
June 15, 2013Not only are the prices of luxury Boston homes going through the roof, but now PARKING is exorbitant????? There was an IRS auction this week for space 4 & 6 (large parking space for 2 cars) at 298 Commonwealth Avenue. They sold for a whopping $560,000. That's $1,800 per square foot! Read More
Boston Home Micro Unit Concept
March 16, 2013As the appeal for urban living increases, more and more developers are exploring new ways to make city living accessible to a broader range of buyers – both from a financial and square footage perspective. Read More
Don’t Wait To List Your Boston Property For Sale
February 2, 2013If you’re thinking about selling your Boston property in a few years, you should do it now before it’s too late. The inventory all over the city, including the best Boston neighborhoods, is at an all-time low. Buyers stand in line when a new property goes on the market in Cambridge, Somerville, Medford, Brookline and the metro area. Open houses are overcrowded and buyers are coming in droves. For the most part, properties are selling for over the asking price, regardless of condition. There simply isn’t enough product on the market. Read More
How to Add Value to Your Property in a Down Economy
December 3, 2011Many people who would like to sell their home, but don’t have to sell in a specific timeframe, get frustrated after marketing their home in a down economy to no avail. The Boston luxury real estate market is more challenging to navigate now. I find myself giving this advice to my clients pretty often: Price your property at the current market rate (based on comparable sales), not at what you think your house used to be worth before the real estate bubble burst in 2006. Read More
Life is Good When You’re Living in Paris: Third Most Expensive International Market
October 15, 2011Every now and then, statistics and surveys get published listing the most expensive real estate markets in the US and internationally. To name a few of the locales that usually top the list: New York, Hong Kong and London. I was thrilled to see that Paris was recently named the third most expensive luxury real estate market, since it is really booming. Read More
What to buy in a bear market? Boston Real Estate
August 13, 2011It should be no surprise at this point to hear the stock market took a massive plunge this week. The events of the last couple of weeks that caused the stock market to nose-dive have put many in a state of panic. Shareholders are pulling out their stocks and bonds in frenzy. Most people don’t know WHAT to do anymore with their funds, and are looking for a safer investment haven than the unpredictable stock market. Read More
Boston Luxury Home Sales Pick Up Their Pace
June 4, 2011The luxury real estate market has experienced a steady slow down, due to several factors: lack of buyer confidence, stricter mortgage guidelines, commercial development projects put on hold, etc. But finally, after two long years, the property transaction pace is picking up at great speed in many cities – Boston real estate market included. The Institute for Luxury Home Marketing recently announced that luxury homes spend less time on the market than the average listing, priced under $1M. Read More