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May 13, 2008

The changing face of a neighborhood: Garden of Eden closes

goe3.jpg

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Cute ducks on the Esplanade

boston esplanade geese

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Economist sees lower prices in the future

Wait a minute!!! He wrote this, FIVE YEARS ago!

“What you are seeing are signs of a market peak at the high end,” said Robert Shiller, an economics professor at Yale University. “First there’s a rise in inventory, and then prices fall.”

If you had taken his advice in June, 2003, you would have missed out on one of the greatest wealth-creation periods in this nation’s history.

In fact, Mr Shiller (Dr?) was right only one year (so far) out of ten in his predictions for lower home prices.

A meteorologist does better than that.

A seismologist does better than that.

A major league baseball player does better than that. (Most of them, at least.)

Why do people trust him more? Because he was finally right???

People have preconceived notions, then fit the facts to what they believe.

We’re all the same that way, right?

(Sorry for this post, I had to be a Realtor for a minute.)

More: For Luxury Properties, It’s A Buyer’s Market - By Thomas Grillo, The Boston Globe

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Finale expands to the North End

Old news to some, no doubt.

The newest, and fifth Finale Brasserie restaurant, will be located at Salem and Cross streets, on a portion of the former Martignetti’s liquor store site. Facing the Rose Kennedy Greenway, it will occupy 2,400 square feet and employ 35 to 40 people. The company expects to spend about $500,000 to outfit the new location.

More: Finale Desserterie debuts new HQ - Boston Business Journal

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Economist sees lower prices in the future

“What you are seeing are signs of a market peak at the high end,” said Robert Shiller, an economics professor at Yale University. “First there’s a rise in inventory, and then prices fall.”

No prediction on how far prices will fall from this widely respected economist, professor, and writer.

This I know for sure, you should listen to what this guy says. He’s saying that prices will fall. Implied in that, don’t buy.

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High-end home sales slowing in wealthy towns

Or, so says Scott Van Voorhis, in a column out today.

These are tougher times in the real estate market, even for the super-wealthy.

The number of mansions sold in some of the state’s toniest towns - Weston, Wellesley and Brookline - has plunged more than 30 percent during the first four months of the year.

And sellers of luxury homes are having to bargain in order to cut a deal.

The Herald scribe then talks about John Meola, a dentist in Weston, who had to cut the price of his home from $18 million to $10.9 million in order to find a buyer.

This is at least the third story Mr Van Voorhis has done about this guy, in just two years!!

I think it’s really bizarre! Are you looking for a deal on your next gold cap, Scott?

More: Toney town’s mansion sales tank - By Scott Van Voorhis, The Boston Herald

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May 12, 2008

Weekly Boston Condo Sales and Listings Report, May 9, 2008

This week’s Boston Real Estate Condo Market Reports are now available.

The market reports provide readers with detailed information on the state of the Boston real estate market.

The reports include data on inventory, recent sales, and price per square foot of condos for sale and recently closed.

In addition to a summary report of sales across the city, the reports include detailed listings and sales information for 11 of the most popular neighborhoods in Boston, broken down by ZIP code.

The available reports include detailed data for the following ZIP Codes:

02108 - Beacon Hill
02109 - Financial District / Waterfront
02110 - Financial District / Waterfront
02111 - Chinatown / Leather District
02113 - North End
02114 - Beacon Hill
02115 - Back Bay
02116 - Back Bay / South End
02118 - South End / Lower Roxbury
02210 - Seaport District / South Boston Waterfront
02215 - Back Bay / The Fenway

You may always access the most recent reports by following the link on the menu at the top of each of my blog’s pages.

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Welcome to my neighborhood …

Walking home from a doctor’s appointment today (good news, no rabies!), I came across a crime scene. Turns out that the Hingham Savings Bank at the corner of Tremont and Hanson streets had been held up. A friendly police officer told that the “perp” was in custody.

security.jpg

(Click on the photo for a good laugh …)

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The food was so bad … and the portions so small!

So, they want to extend the MBTA Green Line into Somerville and Medford. (Can we just finish Kenmore Square, first, for pete’s sake?)

I love the idea, as I am a fan of public transportation in general.

Many others love the idea, as well (including a couple of real estate agents I know, who are already advertising their listings with “Coming soon, new Green Line station in Teele Square!”, which is a bit premature, don’t you think?).

Some people, of course, are not so pleased.

While some others are not so pleased that others are not so pleased.

From the Globe:

Medford representatives and residents, meanwhile, were upset about the location of a station platform near Tufts University, which they said favored the school at the expense of residents who oppose the project and don’t want a station in their neighborhood.

I love that. LOVE IT!

“We don’t want the extension to go through our neighborhood, and now you’re punishing us … BY NOT PUTTING THE EXTENSION THROUGH OUR NEIGHBORHOOD!”

Source: A host of gripes greets Green Line plans - By Eric Moskowitz, The Boston Globe

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May 11, 2008

Entering the spring market? I can help

Buyers, how I can help you

Sellers, how I can help you

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Welcome




Welcome!

My name is John A Keith. I am a real estate broker in Boston, helping buyers and sellers of homes throughout Boston, including the South End, Back Bay, and Beacon Hill neighborhoods.

There is a lot of useful information on my site, starting with the blog entries, in the left-hand column. I update my site three or four times a day, so check back, often.

On my site, you can search through all of the listings in MLS. Complete details on the listings, including addresses and Google maps, are available if you sign-up (no obligation inferred / implied).

You can review news by topic, by clicking on any one of the "tags" or "categories". You can also review news in the archive, by month. See details, below.

If you are thinking of moving to Boston and want to learn more about each neighborhood and search through listings by neighborhood, choose a neighborhood from the table of contents, below.

Also, you can click through on links to more information of value to buyers and sellers.

And, if you click on the "new projects" link you can learn about all the new developments under construction and recently completed, throughout the city of Boston.

Please contact me for more information or to learn about how I can assist you as a buyer's agent or with selling your home.

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70759759 Boston, MA : Back Bay 2 room, 0 bed, 1 bath $219,000

70759922 Boston, MA : South End 3 room, 1 bed, 1 bath $325,000

70759799 Boston, MA : The Fenway 4 room, 2 bed, 1 bath $394,000

70760037 Boston, MA : South End 3 room, 1 bed, 1 bath Rowhouse $399,000

70759798 Boston, MA : The Fenway 4 room, 2 bed, 1 bath $420,000

70759725 Boston, MA : The Fenway 4 room, 1 bed, 1 bath $485,000

70760163 Boston, MA : Beacon Hill 4 room, 1 bed, 1 bath $499,000

70760181 Boston, MA : South End 1 room, 1 bed, 1 bath $750,000

70759832 Boston, MA : South End 4 room, 2 bed, 2.5 bath $799,000

70760099 Boston, MA : South End 5 room, 2 bed, 2.5 bath $849,000

70759833 Boston, MA : South End 6 room, 3 bed, 2.5 bath $1,399,000


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Recent Comments


  • anon, Economist sees lower prices in the future: Prices are below 2003 levels using the metrics that Shiller was referring to (inflation corrected, metro area single family...
  • South Boston, Finale expands to the North End: Great news. hopefully this will lighten the wait at the other finale. My wife and I love Finale.
  • Gus, Economist sees lower prices in the future: Where to begin? 1. The idea that the timing of bubbles are notoriously difficult to predict has been made many times by Robert...
  • Homes, Economist sees lower prices in the future: lol…true true I wonder what his students had to say. i wonder if they made any good arguments.
  • Megan, When looking for Dorchester homes, broaden your search: Dorchester isn’t the only place you’ll hear gunfire. It’s becoming common in the South End too.
  • Megan, Welcome: Is the logo a tear shaped for a reason? The color on the steps of the house draw too much attention. The type isnt relating well to the logo graphic.
  • anon, Economist sees lower prices in the future: Declining prices in and of themselves don’t mean you shouldn’t buy. Do you avoid buying a car because it depreciates?
  • reallyredcellocase, I have seen Boston’s future, and it’s not a parking lot: There is a very popular tourist attraction in Florence called “David” He is...
  • david, When looking for Dorchester homes, broaden your search: …which is where i live. the crappy schools and hail of gunfire are close enough to stifle that suburban...
  • josh, When looking for Dorchester homes, broaden your search: Dave, Ahsmont Hill and Wellesley Park? You might as well live in the burbs then.



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