Continued buyer activity and moderating prices pushed closed sales up in October. Inventory of homes for sale continued to go up in individual neighborhoods and markets across the state.
371 Hanover Street #3 is a charming one bedroom condo in the heart of the North End convenient to all the great restaurants and the waterfront. Granite stainless kitchen with breakfast bar opens up into a large living area great for entertaining.
Here's the latest update of Real Estate Rewind, an online quarterly report produced by the Greater Boston Real Estate Board (GBAR) which summarizes residential real estate market activity in the GBAR jurisdictional area.
If you're curious about the Boston housing market and where it's headed like I am, then you'll find this just released City of Boston housing plan fascinating. It outlines strategies for housing an expected 91,000 new Bostonians by the year 2030 when The Hub will be home to more than 700,000 residents, a number not seen since the 1950's.
While closed sales were down, low interest rates and moderating prices continued to keep buyer interest high in September. Individual neighborhoods and markets across the state saw improved inventory numbers in September.
Heres September 2014s Monthly Multi-family Housing Activity Report from the Greater Boston Association of Realtors.
(Multi-family housing activity comparing September 2014 to September 2013)
With all the general data around metro Boston real estate sometimes it helps to breakdown the "magic numbers" to see what's what by location. The following table will help you see what it's taking condo buyers to win bidding wars in today's multi-offer environment and what condo sellers are getting around Boston.
5 Braemore Road #9 is a fantastic one bedroom in Cleveland Circle. This apartment has been recently updated with new bathroom, kitchen and refinished floors throughout. Steps to the Chestnut Hill T stop on the B line and a short walk to the C and D line stops.
Lowest interest rates of the year continued to keep buyer demand high, but the ongoing shortage of homes for sale resulted in a drop of closed sales in August 2014.
Heres August 2014s Monthly Multi-family Housing Activity Report from the Greater Boston Association of Realtors.
(Multi-family housing activity comparing August 2013 to August 2014)
Only real estate professionals who are members of NATIONAL ASSOCIATION OF REALTORS® may call themselves REALTORS®. All REALTORS® must subscribe to NAR’s strict code of ethics, which is based on honesty, professionalism and the protection of the public.
