Archive for May 2011
Friday, May 27th, 2011
It’s not every day that a property goes under agreement at $12.7 million, but the property at 776 Boylston Street, Unit W12-B in the Back Bay just did. The sellers were originally asking $13.7m and have had the property on the market for 609 days. While this 5000 square foot apartment on the 12th floor of the Mandarin Oriental Hotel has not broken any all time records, it has broken the price record for 2011.
Click here to view all the condos that are currently available at 776 Boylston Street, Boston, MA.
Tags: 776 Boylston Street Boston MA, 776 Boylston Street Properties for sale, Back Bay High End Properties, Back Bay Luxury Condos, Back Bay Luxury Condos For Sale, Back Bay Properties For Sale, back bay real estate, Back Bay REal Estate For sale, Boston Luxury Condos, Boston Luxury Condos for sale, Boston Real Estate, Boston Real estate for sale, Buying a Condo in Boston, Buying a condo in the Back Bay, Buying a home in 776 Boylston Street, buying a home in Boston, high end condos in boston, high end condos in the back bay, High end homes in boston, high end homes in the back bay, looking for a high end condo in boston, Looking for a high end home in Boston, Looking for a high end home in the back bay, mandarin hotel condos for sale, mandarin hotel properties for sale, mandarin Oriental Hotel properties for sale, Selling a condo in 776 Boylston Street, Selling a condo in Boston, Selling a condo in the back bay, selling a home in Boston, Selling a home in the Back Bay
Posted in Homes for Sale | No Comments »
Friday, May 27th, 2011
Take a look at this article that talks about the glut of foreclosures for sale. I constantly run into people looking for these deals in Boston and the Boston Metro Market, but the question becomes; are they in our market too?
Lets take a look at the numbers for Short Sales and Bank Owned Properties in Massachusetts for 2010 as I think it tells a different tale.
There were 3,852 Bank Owned Homes sold in 2010 in the state of Massachusetts and 1,887 Short Sales sold in 2010. This brings the total amount of distressed sales 5,739 Single Family Homes. Now lets compare that to the 35,651 homes sold in Massachusetts and that makes the distressed sales market amount to 16.10%. This is well below the national average and shows the strength of the Massachusetts market.
Out of the 15,010 condo sales in 2010, 1,341 condos were bank owned and only 757 homes were sold as short sales 2,098. Condos had a lower distressed rate weighing in at 13.97% which is well below the national average.
Lets Take a look at the Boston Metro Market pictures, specifically looking at all of the areas within 20 miles of Boston.
There were 9.654 condos sold in 2010 with 575 properties being bank owned and 368 Short Sale properties. This makes the distressed sale rate in the Boston Metro Market for condos 9.77%.
There were 12,806 Single Family homes sold last year with 734 bank owned sales and 508 short sales bringing the percentage of Single Family distressed homes down to 9.70%.
Let’s recap! The state of Massachusetts has a distressed sales rate below the national average and the Boston Metro Market has a distressed sales rate below the average in Massachusetts. I am constantly telling people that you can not give the national temperature yesterday and it is the same with real estate. Real estate is local and is really based on the conditions of a specific neighborhood. Take the Back Bay for example, there were a total of 6 (yes, you read that right.. SIX) distressed sales in 2010 out of the 448 sales or 1.3%. Compare this to their their Dorchester counterpart and we have 339 sales in 2010 with 130 distressed sales or 38.35%.
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Jeffrey Chubb, owner of RE/MAX SELECT is one the areas foremost experts in distressed sales. Whether you are looking to buy a distressed home or a homeowner that is facing foreclosure, contact Jeff today. His expertise will help provide you with all the tools and knowledge necessary to make the best most informed answer. Foreclosure is not the answer. He can be reached at 617-480-2600 or by email at Jeff@MoveWithChubb.com. Please also visit www.MoveWithChubb.com or www.MAAvoidForeclosure.com to answer any and all foreclosure questions you may have.
Tags: Avoiding Foreclosure, Avoiding Foreclosure in Boston, Avoiding Foreclosure in Cambridge, Avoiding forelosure Massachusetts, Boston Bank owned properties, Boston Foreclosure Statistics, Boston Foreclosure Stats, Boston MA Foreclosure, Boston MA housing market, Boston MA Market Update, Boston MA real estate market, Boston MA Short Sale, Buying a Foreclosure in Boston, Buying a foreclosure in Brookline, Buying a foreclosure in Cambridge, Buying a foreclosure in Massachusetts, Buying a foreclosure in Newton, Buying a foreclosure in South Boston, Buying a Short Sale in Boston, Foreclosure Help in Boston MA, Foreclosure Help in Massachusetts, Foreclosures for sale in Boston, foreclosures for sale in ma, Foreclosures for sale in Massachusetts, Housing market in Boston MA, How Can I avoid foreclosure in Boston MA, How many homes were foreclosed on in Boston, Is now a good time to buy a house in Boston MA, Massachusetts Bank owned properties, Massachusetts Foreclosure Statistics, Massachusetts Foreclosure Stats, national foreclosure rate compared to Massachusetts, Real estate market it Boston MA, What is the foreclosure market like in Boston, What is the foreclosure rate in Boston, What is the real estate market like in Boston MA
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Friday, May 27th, 2011
Did you seen that Charlie Sheen’s home is for sale? If not, check out the full article by clicking here. It is a gorgious house that he purchased back in 1997 for $2.5 million. He has now put it on the market for $7.2 million!
I am sure that you have figured out by now that his home is not actually in Massachusetts, but the Sheen Oasis is really in Sherman Oaks, California. I thought it might be fun to take a look at what someone would be looking at in Massachusetts if they were looking to buy Charlie’s home. So lets take a look at what we could buy in the range of $7m to $7.5m…
Click Here to Check Out The Current Availability of Homes from $7m to $7.5m
Tags: Expensive homes in MA, Expensive homes in Massachusetts, Luxury Homes for sale in Brookline, Luxury Homes for sale in Massachusetts, Luxury Homes in Boston, Luxury Homes in Brookline, Luxury Homes in Massachusetts, Luxury Homes in Newton
Posted in Homes for Sale | No Comments »
Friday, May 27th, 2011
I had a client today asking about what a “BPO” is. BPO stands for ‘Brokers Price Opinion’ and it is what banks use to find the value of a property that they are considering granting a short sale to.
A bank will hire a third party licensed real estate agent to do either a ‘interior Brokers Price Opinion” or an “Exterior Brokers Price Opinion”. An exterior brokers price opinion is generally used by a bank in the beginning stage of a short sale or a default. An Interior Brokers Price Opinion is used for when a bank is reviewing a file to accept a short sale.
The bank uses these Brokers Price Opinions to make sure that they are getting market value for their home and no bank will approve a short sale without one.
Short Sales are the most complicated Real Estate transactions and most banks actually require that a home be listed by a real estate agent in order to grant the short sale. A short sale is used by a homeowner that is in distress and can no longer pay their mortgage and are facing foreclosure. The effects of a foreclosure will last a lifetime while a short sale will have a homeowners credit back to where it was before within 3 years. Should you or anyone you know facing difficulty paying their mortgage, then let them know they have options. Give Jeffrey Chubb of RE/MAX SELECT a call at 617-480-2600 or email him at Jeff@MoveWithChubb.com or visit his website that has been tailored to answer foreclosure questions at www.MAAvoidForeclosure.com
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Wednesday, May 25th, 2011
It’s important to stay on top of the market even if you are just looking for fun! Take a look at the homes below that are newly listed this week in Boston and have a list price over $1 million. Boston is a big city with a lot of different towns that fit a lot of different personalities… What town fits you? Click here to search all homes currently for sale in Boston that are listed for over $1 million.
Single Family Boston Homes Listed over $1 million
456 Park Drive, South End – 6 Bedrooms, 4 Baths – 3784 Square Feet – $1.05m
20 Zamora Street, Jamaica Plain – 3 Bedrooms, 2.1 Baths – 2126 Square Feet – $1.2m
4 Concord Street, Charlestown – 5 Bedrooms, 3.1 Baths – 2600 Square Feet – $1.2m
17 Monument Avenue, Charlestown – 4 Bedrooms, 2.1 Baths – 2800 Square Feet – $1.399m
112 Appleton Street, South End – 4 Bedrooms, 3 Baths – 3288 Square Feet – $1.995m
32 Woodland Road, Jamaica Plain – 8 Bedrooms, 4.2 Baths – 7604 Square Feet – $1.995m
164 West Brookline Street, South End – 5 Bedrooms, 3 Baths – 3885 Square Feet – $2.295m
38 Pinckney Street, Beacon Hill – 5 Bedrooms, 5.1 Baths – 3411 Square Feet – $2.45m
176 West Canton Street, South End – 4 Bedrooms, 4.2 Baths – 4353 Square Feet – $2.849m
129 Charlest Street, Beacon Hill – 3 Bedrooms, 2.1 Baths – 4672 Square Feet – $4.75m
Boston Condos For Sale Listed Over $1m
35 Channel Center Street, U:501, Seaport District – 1 Bedroom, 2 Baths – 1912 Square Feet – $1.019m
110 Stuart Street, U:26F, Back Bay – 1 Bedroom, 1.1 Baths – 857 Square Feet – $1.055m
110 Stuart Street, U:27F, Back Bay -1 Bedroom, 1.1 Baths – 857 Square Feet – $1.085m
34 Constellation Wharf, U:34, Charlestown: The Navy Yard – 3 Bedrooms, 3.1 Baths, 2493 Square Feet – $1.15m
327 Commonwealth Avenue, U:4, Back Bay – 2 Bedrooms, 2 Baths, 1370 Square Feet – $1.185m
2 Avery Street, U:20G, Midtown – 2 Bedrooms, 2 Baths, 1257 Square Feet – $1.195m
300 Boylston Street, U:614, Back Bay – 2 Bedrooms, 2 Baths, 1580 Square Feet, $1.429m
25 Channel Center, U:PH108, Seaport District – 3 Bedrooms, 3 Baths, 2208 Square Feet – $1.45m
400 Stuart Street, U:15A, Back Bay – 2 Bedrooms, 2 Baths, 1409 Square Feet – $1.45m
110 Stuart Street, U25C, Back Bay – 2 Bedrooms, 2 Baths, 1286 Square Feet – $1.495m
360 Newbury Street, U:411, Back Bay – 2 Bedrooms, 2 Baths – 1624 Square Feet – $1.499m
178 West Brookline Street, U:1, South End – 2 Bedrooms, 2 Baths – 2140 Square Feet – $1.595m
151 Beacon Street, U:1, Back Bay – 3 Bedrooms, 3 Baths – 1954 Square Feet – $1.599m
40 Battery Street, U:102, Waterfont – 2 Bedrooms, 2 Baths – 1300 Square Feet – $1.599m
9 West Broadway, U:605, Seaport District – 2 Bedrooms, 3 Baths – 2967 Square Feet – $1.899m
1 Avery Street, U:19A, Back Bay – 3 Bedrooms, 3.1 Baths, 2242 Square Feet – $2.195m
86 Beacon Street, U:4, Beacon Hill – 3 Bedrooms, 3 Baths, 2943 Square Feet – $3.05m
63 Commercial Wharf East, U:5-7, Waterfront – 3 Bedrooms, 2 Baths, 2734 Square Feet – $3.2m
40 Battery Street, U:PH11, Waterfront – 3 Bedrooms, 3.1 Baths, 2260 Square Feet – $3.2m
409 Commonwealth Avenue, U:D, Back Bay – 4 Bedrooms, 4.1 Baths, 3787 Square Feet – $3.99m
100 Beacon Street, U:6, Back Bay – 4 Bedrooms, 4.1 Baths, 4140 Square Feet – $5.575m
776 Boylston Street, U:W – 11-A, Back Bay – 2 Bedrooms, 2.1 Baths, 3179 Square Feet – $5.8m
If you are looking to buy or sell a home in Boston, then Jeffrey Chubb, owner of RE/MAX SELECT would be honored to help you. His passion for real estate and experience selling on average a home a week helps his clients enjoy a seamless and stress free transaction. You can reach him at 617-480-2600 or by email at Jeff@MoveWithChubb.com. Feel free to visit him on the web at www.MoveWithChubb.com.
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Tuesday, May 24th, 2011
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Monday, May 23rd, 2011
If walking out the door and sitting down in the town that is known for its culinary arts is important to you, then take a look at the South End as it is Boston Globe’s 2011 Top Spot to Live for Food Lovers. The South End, a town in Boston that neighbors the Back Bay is home to 25,889 residents with the Median Single Family home price of $1,610,000 and a median condo price of $554,888. The South End is home to a variety of different restaurants in which Boston residents flock to and it seems like a new one pops up each day.
Waltham, home to 60,632 people came in as the runner up for the Top Spots To Live for Food Lovers. Residents and out of town guests alike enjoy the 130 full and limited service restaurants. Go ahead and take a drive down Moody Street and be prepared for almost every type of food imaginable.
South End Homes For Sale Quick Search
South End Homes Currently For Sale up to $400,000
South End Homes Currently For Sale from $400,000 to $500,000
South End Homes Currently For Sale from $500,000 to $700,000
South End Homes Currently For Sale $700,000 and Up
Waltham, MA Single Family Homes For Sale Quick Search
Single Family Homes For Sale in Waltham, MA up to $350,000
Single Family Homes For Sale in Waltham, MA from $350,000 to $500,000
Single Family Homes For Sale in Waltham, MA from $500,000 and Up
Waltham, MA Condos For Sale Quick Search
Condos Currently for Sale in Waltham, MA up to $250,000
Condos Currently for Sale in Waltham, MA from $250,000 to $400,000
Condos Currently for Sale in Waltham, MA from $400,000 and Up
Jeffrey Chubb is the owner of RE/MAX Select and is ranked one of the top agents in the state. Should you be thinking about buying or selling a home then contact him at 617-480-2600, Jeff@MoveWithChubb.com or on the web at www.MoveWithChubb.com. You can also find out what your home is worth at www.MAPropertyValue.com.
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Monday, May 23rd, 2011
For the home buyer looking for the bargain, Boston Globe has released its 2011 Top Spots to Live for Bargain Hunters. The results are in and Quincy, a town of 92,271 with a median single family price of $315,000 and a condo median price of $226,500 has taken Gold. Coming in second is the town of Chelsea that 35,177 people call home with a median single family home price of $199,000 and a median condo price of $150,000.
Quincy, bordering Dorchester saw a 17 percent decline in single family home values since 2005. Things are looking up for our Southern friend as a planned $1.3 Billion revitalization of the downtown area takes hold. Retailers are having much success in Chelsea which has a significant impact on houses and the areas. Retailers bringing in people that otherwise would not have seen the convenience and affordability of Chelsea has increased the demand for the homes in the area.
Quincy Homes For Sale Quick Search
All Condos & Single Family Homes Currently For Sale up to $200,000
All Condos & Single Family Homes Currently For Sale between $250,000 to $400,000
All Condos & Single Family Homes Currently For Sale for $400,000+
Chelsea Homes For Sale Quick Search
All Condos & Single Family Homes Currently For Sale up to $150,000
All Condos & Single Family Homes Currently For Sale from $150,000 to $250,000
All Condos & Single Family Homes Currently For Sale from $250,000+
Jeffrey Chubb is the owner of RE/MAX Select and serves the Boston & Boston Metro Area. On average he sells a home a week and is one of the top agents in the state while being ranked for all RE/MAX agents in New England. Feel free to contact him at 617-480-2600, by email at Jeff@MoveWithChubb.com or visit him on the web at www.MoveWithChubb.com.
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Monday, May 23rd, 2011
The rankings are out and Boston Globe’s top spots to live for stable prices in 2011 awards the town of Norwell as the winner with Brookline, MA being the runner up. Talk about two different towns, with two different personalities and two different price points! Once a boat building community, this town of 10,506 people is known for its excellent schools and 1-acre zoning. The median Single Family price is $531,000 while the median condo is fetching $267,000.
Brookline, MA, a town that is home to 58,732 people is an island surrounded by the town’s of Boston (Allston, Brighton, West Roxbury & the Fenway) is known for its high quality school system. Living in Brookline is almost like an extension of living in Boston with the easy commutes due to the Green line passing through as well as the close proximity to the Mass Pike and Route 9. Because of its convenient location and quality school systems it is almost as if Brookline is one of the towns that the real estate crash forgot. In the past decade, Brookline has seen single family home prices rise by 56 percent to a median price of $1,130,000 while condos have risen 46 percent to a median price of $478,750.
Brookline Single Family Home Quick Searches:
Search All Brookline Single Family Homes For Sale in the Price Range up to $750,000
Search All Brookline Single Family Homes For Sale in the Price Range of $750k to $1m
Search All Brookline Single Family Homes For Sale in the Price Range of $1m to $1.5m
Search All Brookline Single Family Homes For Sale in the Price Range of $1.5m+
Brookline Condo Home Quick Searches:
Search All Brookline Condos For Sale in the Price Range of $400,000
Search All Brookline Condos For Sale in the Price Range of $400,000 to $750,000
Search All Brookline Condos For Sale in the Price Range of $750,000+
Norwell Single Family Home Quick Searches:
Norwell Single Family Homes & Condos For Sale Up to $250k
Norwell Single Family Homes & Condos For Sale from $250k to $500k
Norwell Single Family Homes & Condos For Sale from $500k to $1m
Norwell Single Family Homes & Condos For Sale $1.m+
Jeffrey Chubb, owner of RE/MAX Select is one of the areas top real estate agents. He proudly serves Boston and its surrounding areas selling on average a house a week. His expertise and market knowledge will help guide you through the real estate transaction making it seemless and enjoyable. Feel free to contact him at 617-480-2600 or by email at Jeff@MoveWithChubb.com or on the web at www.MoveWithChubb.com.
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Monday, May 23rd, 2011
The Boston Globe just came out with their top spots to live and in this blog entry we are going to take a look at the Top Spots to Live for Kids in Massachusetts. The winner of the top spots to live is in Boston, specifically Neponset which is in a Dorchester Neighborhood. This neighborhood is just steps away from Quincy and commuters heading to Boston each morning will use the Ashmont or the Cedar Grove Red Line T Stop. Click here to view the Google Maps of the Neighborhood.
Click Here to View all of the Single Family Homes For Sale in Dorchester’s Neponset
Click Here to View all of the Condos For Sale in Dorchester’s
The runner up to the Top Spots to Live for Kids in Massachusetts was Bolton, MA which is located in the central part of Massachusetts. This small town of under 5,000 residents is perfect for the family looking for the neighborhood block party and the feeling of ’where everyone knows your name’…
Click Here to View all of the Single Family Homes & Condos For Sale in Bolton, MA
Give Jeffrey Chubb of RE/MAX Select a call at 617-480-2600 if you are thinking about buying or selling a home Massachusetts. His market knowledge and experience will give you an advantage in your next real estate transaction! Experience matters when it comes to what is most likely your largest investment… He sells a house a week, so let’s make his next one; YOURS!
Jeffrey Chubb – RE/MAX SELECT – 617-480-2600 – Jeff@MoveWithChubb.com – www.MoveWithChubb.com
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Avg. Sales Price: 379,000
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