housing prices

Landlord pulls another one of his complexes out of housing-subsidy program

adamg — Fri, 01 Apr 2011 18:01:16 +0000

The Fenway News reports on First Realty Management, whose 173-unit Burbank Apartments was supposed to go market rate starting today. The city says First Realty owns 896 of the 908 units that have been withdrawn from the federal subsidy program that helped their owners buy them in the first place.

Massachusetts home sales collapsing into singularity

adamg — Tue, 26 Oct 2010 12:09:12 +0000

Scott Van Voorhis has to turn to a thesaurus to come up with enough phrases to describe how quickly sales are collapsing in Massachusetts - and to get him to wonder when prices will do the same. "Gruesome" is one of the words.

Boston housing prices on a precipice again?

adamg — Wed, 10 Feb 2010 16:52:55 +0000

One economist thinks so.

Housing prices spike downtown

adamg — Wed, 27 Jan 2010 19:19:13 +0000

Chris Lovett reviews 2009 housing sales and prices from Boston neighborhoods.

The condo speculator and his trail of ruin through Dorchester

adamg — Sun, 13 Dec 2009 14:58:15 +0000

The Globe details the rise and collapse of Michael David Scott's mini-condo empire.

Compare with Dwight Jenkins.

Great news if you missed the chance to live at the Natick Mall

adamg — Fri, 09 Oct 2009 20:02:47 +0000

Erica Farthing reports that for the next 30 days, all units not sold at that recent pin-in-balloon auction will be for sale at auction prices.

Some East Boston properties now selling for more than the asking price

adamg — Tue, 22 Sep 2009 17:20:12 +0000

Triple deckers, no less, granted, being sold by banks, but still. Anthony Giacalone reports.

The collapsing downtown condo market

adamg — Wed, 09 Sep 2009 16:27:11 +0000

Scott Van Vorhis writes the luxo-condo bubble downtown has finally popped.

Goldman Sachs to put up $50 million to help Massachusetts homeowners screwed by its subprime ways

adamg — Mon, 11 May 2009 16:40:30 +0000

The Herald reports on a settlement reached with state Attorney General Martha Coakley. The state gets $10 million for its troubles.

Far more details from the Attorney General's office, including the actual settlement agreement.

Another Back Bay property goes for a fraction of its price just a few years ago

adamg — Sat, 02 May 2009 23:09:35 +0000

Brecht Palombo attended the auction for 441 Stuart St., an office building that sold for $37.5 million in 2004 with the expectation it would be converted into condos. It wasn't, and when the auctioneer started the bidding at $30 million, nobody offered until the price went way, way down.

The $25,000 condo

adamg — Sat, 02 May 2009 15:31:55 +0000

Michael DiMella lists the least- and most-expensive condo sales in Boston in April, ranging from a $25,000 unit in a three decker on Harwood Street in Dorchester ("needs some cosmetics and updates") to a $9.2-milllion in a "classic" building on Beacon Street on Beacon Hill.

Back Bay: City's most expensive condos

adamg — Wed, 22 Apr 2009 15:25:00 +0000

I know, you're shocked. Michael DiMella posts a chart ranking neighborhoods by condo prices (and showing the changes between 2007 and 2008). And by "neighborhoods," he means all the neighborhoods in the city, not just the chi-chi "core" neighborhoods - and Southie and Eastie - that some real-estate people seem to think is all Boston is.

Brookline luxo-condos sold at auction

adamg — Sun, 05 Apr 2009 01:40:22 +0000

Anthony Longo reports on today's auction of 46 units at Longwood Towers in Brookline. All the units went for less than their last asking price (and he provides details on each unit), but:

The developer wins by unloading 46 units and setting the tempo for the remaining units in the project. All in all I think a great day for all.

One place where housing prices keep going up

adamg — Sat, 14 Mar 2009 14:55:48 +0000

Beacon Hill, of course.

Does Manny Ramirez realize there's a recession on?

adamg — Thu, 05 Mar 2009 22:59:14 +0000

Michael DiMella wonders if Scott Boras is in charge of selling off the dreaded one's condo at the Ritz, because it just went on sale for $1.6 million more than it did the last time Manny tried offloading it:

... No takers the first time...ok, let's just bump the price 23%! Hmmm.....Sounds an awful lot like Scott Boras is now advising Manny on real estate deals as well. If at first you don't get the offer you want, just raise your price! ...