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.
Blog :: 09-2014
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)
Last month I was interviewed by The Residential Specialist magazine about my thoughts on how to communicate unique value to home sellers. As Massachusetts Chapter President of The Council of Residential Specialists for 2014 I also scored my photo on the cover of the issue.