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Redefining Boston Real Estate

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Boston luxury real estate as it happens

Archive for the ‘Boston Condos and Homes’ Category

The Clarendon Boston Penthouse Gets Staged

Wednesday, December 12th, 2012

How about a peak into one of the most coveted penthouses in the city? Located at The Clarendon Condo Development in Boston’s Back Bay the stunning condominium encompassed the entire floor, has direct elevator access, and stunning views on four sides from floor to ceiling windows. Asking price is $7,100,000 w/2 valet parking spaces, 3,545 square feet, 3+ bedrooms and 3.5 bathrooms.(Rumor has it that one of the penthouses are about to go under agreement)  There are also two other PH units starting at $6.7 million but do not have private outdoor space. (Photos Courtesy of Richard Mandelkorn Photography)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Clarendon Boston Penthouse Guest Bedroom

 

74 Beacon, Boston, MA – Why buy when you could rent for $40,000/mth?

Monday, September 17th, 2012

 

74 Beacon, one of the most spectacular single family homes in Boston, MA hits the market for rent.  For just $40,000 per month, you can try City living before purchasing.  74 Beacon is also on the market for sale at $13.95 million.  Here is a closer look at this spectacular property which features a rooftop pool.

Photos Provided courtesy of MLS and Sprogin & Neal RE and Campion RE

Case Shiller Index in Boston up 2.5% Between May/June 2012

Tuesday, August 28th, 2012

According to today’s Case Shiller Report, Boston housing prices are up 2.4%  between April2012/May 2012 and another 2.5 percent between May 2012/June 2012.  Year over year, Boston is even.  This is in contrast to cities like Atlanta who are down over 12% year over year and New York which is down 2.1% year over year.  Just more evidence that Boston, MA is one of the most stable real estate markets in the country.

 

Click for full report ————> Full S&P and Case Shiller Report

A Quickly Moving Boston Condo Market

Thursday, March 22nd, 2012

By Joshua A. Golden and Craig Anne Lake

Real Estate in Boston is changing quickly

With rental rates on the rise, Boston is beginning to feel more like Manhattan. What we are beginning to see is a shift from renting to purchasing.   With inventory at all time lows, the rental market in Boston has become quite overheated, which in turn has driven rental prices up and inventories down.

Why is Boston so much hotter than other parts of the Country?

Look no further than the areas 40 Universities, dozens of hospitals, one of the country’s largest biotech communities, and of course, the huge influx of World renowned Financial Companies/Hedge Funds.  As these companies grow, so does the need for housing.

Furthermore, there is a growing trend for empty Nester’s who want to simplify their lives by moving into the city from surrounding Suburbs like Wellesley, Newton, Weston, Sudbury and Andover.  Combine that with a huge inflow of money from Asia and The Middle East and you have a recipe for a quickly moving market.

The problem has been the lack of inventory.  Due to the fact we have had a warm Winter, Spring buying has come early.
It is not uncommon to see multiple offers and sometimes bidding wars for well priced properties.

Our Advice

  1. Know the market.
  2. Know your budget.
  3. Do not hesitate if you see something you like because it could be gone tomorrow.
  4. Talk to your bank if you not a cash buyer and get pre approved.
  5. Most importantly, use ONE experienced buyers agent that knows the market.  Remember, a good agent has seen thousand’s of units and knows a good opportunity when they see one. Furthermore, they will assist you with the buying process.

Luxury Residential Group – #1 In Rentals for 2010

Wednesday, January 5th, 2011

In our first full year, Luxury Residential Group has achieved one of our goals, to be one of the best, full service, boutique brokerage firms in all of Massachusetts.  We would like to thank all our customers for their loyalty and our agents for their hard work.  Without you, we could not have achieved this great honor.

Below are the rankings, over the last 12 months, of all Massachusetts firms that do rentals.  This includes companies with over 1,000 agents.

Report Run: 1/5/2011 9:48:16 PM
Start Date: 1/1/2010
End Date: 1/5/2011
Towns: All of Massachusetts

1 Luxury Residential Group, LLC
Boston, MA 02116
37
226,590
11
51,200
106
330,220
154
608,010
191
1.24
2 Otis & Ahearn – Newbury St
Boston, MA 02116
33
221,180
57
244,070
37
136,050
127
601,300
160
1.23
3 Joyce Lebedew Real Estate
South Boston, MA 02127
75
346,350
65
157,550
22
43,750
162
547,650
237
1.12
4 Gibson Sotheby’s International Realty
Boston, MA 02118
57
251,910
84
204,334
19
51,600
160
507,844
217
1.04
5 Hammond Rental Group
Chestnut Hill, MA 02492
43
233,882
48
165,020
20
83,415
111
482,317
154
0.99
6 Coldwell Banker Residential Br
Boston, MA 02116
37
269,750
47
151,675
12
50,225
96
471,650
133
0.96
7 Otis & Ahearn – 84 Atlantic
Boston, MA 02110
30
187,700
59
192,555
22
68,700
111
448,955
141
0.92
8 Coldwell Banker Residential Brokerage – Boston – Newbury St.
Boston, MA 02116
27
170,500
24
95,800
36
140,479
87
406,779
114
0.83
9 Gibson Sotheby’s International Realty
Boston, MA 02116
19
118,510
33
127,000
23
133,300
75
378,810
94
0.77
10 Success! Real Estate
Braintree, MA 02184
94
285,738
32
46,969
27
42,000
153
374,707
247
0.77
11 Coldwell Banker Residential Brokerage – Brookline
Brookline, MA 02446
34
157,160
45
125,325
29
88,165
108
370,650
142
0.76
12 CL Waterfront Properties
BOSTON, MA 02110
41
240,500
22
80,950
12
45,525
75
366,975
116
0.75
13 Flavin & Flavin Realty, Inc.
Quincy, MA 02169
21
53,070
1
1,500
5
311,125
27
365,695
48
0.75
14 Boston City Properties
Boston, MA 02116
6
22,250
4
11,395
147
328,685
157
362,330
163
0.74
15 Keller Williams Realty
Braintree, MA 02184
11
27,550
3
307,500
5
11,050
19
346,100
30
0.71
16 Coldwell Banker Residential Brokerage – Wellesley – Central St.
Wellesley, MA 02481
28
171,900
20
91,925
22
78,220
70
342,045
98
0.70
17 Gibson Sotheby’s International Realty
Boston, MA 02109
24
120,020
74
177,630
9
25,775
107
323,425
131
0.66
18 Warren Residential Group, LLC
Boston, MA 02116
27
137,700
8
21,550
45
162,775
80
322,025
107
0.66
19 Centre Realty Group
Newton, MA 02459
23
125,940
15
52,475
29
81,400
67
259,815
90
0.53
20 Keller Williams Realty Boston
Boston, MA 02116
38
140,592
30
65,820
23
49,745
91
256,157
129
0.52
21 Coldwell Banker Residential Brokerage – Cambridge – Mass Ave.
Cambridge, MA 02138
31
164,850
28
66,460
9
24,650
68
255,960
99
0.52
22 Coldwell Banker Residential Brokerage – Boston – Charlestown
Boston, MA 02129
38
152,350
31
64,050
20
39,125
89
255,525
127
0.52
23 Boston Residences, Inc.
Cambridge, MA 02141
41
218,300
13
28,325
3
7,345
57
253,970
98
0.52
24 ePlace
Cambridge, MA 02139
31
147,460
16
44,350
7
15,075
54
206,885
85
0.42
25 Coldwell Banker Residential Brokerage – Concord
Concord, MA 01742
20
72,140
34
68,670
30
65,643
84
206,453
104
0.42
26 RE/MAX First Choice R. E.
Northborough, MA 01532
42
131,970
27
39,376
21
34,215
90
205,561
132
0.42
27 Jacob Carlin
South Boston, MA 02127
53
165,950
13
22,500
9
15,400
75
203,850
128
0.42
28 Ford Realty – Boston
Boston, MA 02114
38
135,290
21
43,845
9
24,625
68
203,760
106
0.42
29 Boston Realty NET.com, Inc.
Boston, MA 02116
26
125,930
18
45,950
10
24,750
54
196,630
80
0.40
30 Coldwell Banker Residential Brokerage – Worcester – Park Ave.
Worcester, MA 01609
53
119,850
44
49,770
20
25,445
117
195,065
170
0.40

Luxury Residential Group Represents The Buyer In The Biggest Condo Sale of July

Tuesday, August 10th, 2010

Joshua A. Golden of Luxury Residential Group represents the buyer in the sale of the Penthouse at The Meads on Commonwealth. The final price settled at $5,400,000 and is Boston’s largest condo sale of  July and 6th largest in 2010.  Tracy Campion represented the seller.

After previewing over 50 luxury condos throughout Boston, the buyer fell in love at first site.  The home had everything they were looking for.  I am sure you will agree after seeing all the features and photos:  

  • 3,750 square feet of interior, single floor living space
  • 2,034 square feet of private/deeded outdoor terrace
  • Direct elevator access
  • Koi pond
  • Jacuzzi
  • Single floor living 
  • Wonderful outdoor space
  • Custom chef’s kitchen
  • 4 bedrooms/3.5 Bathrooms 
  • 2 gas fireplaces
  • Built in surround sound 
  • Private balcony off the master bedroom
  • Two deeded underground garage parking spaces
  • Storage

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kitchen

 

 

 

 

 

 

 

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interior1

Why Macallan in South Boston is a Home Run

Tuesday, June 29th, 2010

The Macallan Building is the first “Green Property” in Boston.  It features state of the art kitchens, high ceilings, loftlike open spaces, large windows, garage parking, an on site fitness center and our favorite feature, the rooftop swimming pool which surrounded by lounge chairs and outdoor grills.

Macallan is ideally located across the street from the Broadway Redline train station. It is near the top of our, most recommended properties list. The condo fees are low at about $.50/foot and the prices start in the high $400′s/foot as compared to $1,000′s/foot at The Ritz, Clarendon and One Charles.

Macallan Living Room

Macallan Living Room

Macallan Bedroom

Macallan Bedroom

The Macallan Pool

The Macallan Pool

Boston Home Price Correction? Not according to Case Shiller

Thursday, May 27th, 2010

Boston CondosAll we hear about in conversations and the media is that home and condo prices are down across the board.  As brokers, we are constantly asked, “You guys must be hurting seeing the real estate market is down so much?”.  The short answer, home/condos sales, a huge segment of Boston proper real estate, is STRONG compared to many other regions of the country.  As a matter of fact, The Case Shiller Index, a leading indicator of home prices around the Country came out today and verified it. Where cities like Las Vegas(-12%), Seattle(-3.6%), Miami(-1.6%), Chicago(-2.3%), New York(-2.4%), were all down year over year, Boston was actually up 3.8%.

Although we do not have a crystal ball, Boston has proven to be one of the best cities, in the entire Country, to own real estate. Boston has one of the most diverse resident mixes in the entire world.  Just take a sampling from South Boston to Brookline and you will see the wonderful diversification Boston features. Rest assured, your hard earned money will be well spent when purchasing a town-home or condo in and around Boston.


Featured Listing
88 Kingston #7C, Boston, MA Midtown Boston, $1,100,000
88 Kingston #7C, Boston, MA
Midtown Boston, $1,100,000
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