Clear Capital recently released its Home Data Inex Market Report with data through May 2015. The report found, outside of the usual headline-making markets, there are seven markets, considered "major" in density and culture, which are in bubble territory. These markets have had two years on consecutive quarterly softening, meaning each [...]
Good morning and happy Wednesday!
Here’s a summary of recent transactions and personnel news within Greater Boston’s real estate community.
1. Chevron Partners has acquired the historic Sears Crescent building in Boston’s Government Center neighborhood from Copley Investments for $23.8 million. The 50,300-square-foot brick-and-beam building is fully leased to 14 tenants and is the third acquisition for Chevron Partners in Boston since [...]
The number of homes sold in MA actually decreased this past July. On Tuesday, the Massachusetts Association of Realtors (MAR) reported 5,799 sales in July – a 14% drop from last year. This is the first time MAR has reported a drop in sales in over a year.
From Boston’s Financial District to the suburbs, housing prices in Massachusetts have been rising everywhere. Jamaica Plain was known to be an affordable area but the housing market in the neighborhood has experienced a significant increase in prices over the past few decades.
The luxury market is on a record streak, boasting double-digit growth in 19 of the largest markets in the nation for the first time in over four years.
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The Boston area's reign as one of the hottest real estate markets in the country is maintained for yet another month. The area that includes Boston, Newton, and Cambridge, showed out in May as the largest city in the top 20. The real estate powerhouse earned the number four ranking in May, following its first place finish in April and its [...]
It's a sellers market, folks. Join us in our first ever Broker Talk Market Report and learn why!