4 Responses to “Breaking: RM Bradley to close” »»

1. Hard rain
   Comment by Hard rain | 02/26/08 at 6:07 pm

   What a shame, been a tough year for used home salesman….

2. John A Keith
   Comment by John A Keith | 02/26/08 at 6:13 pm

   Dude, you’ve got that right.

   My polyester suits need some serious dry-cleaning.-

3. Hard rain
   Comment by Hard rain | 02/26/08 at 6:51 pm

   Chin up, you still have your sense of humor. What we need a good pep talk from Sunshine and Lollipops, heck after today’s numbers a visit from Rainbow Brite and My Little Pony wouldn’t hurt….

   WALTHAM, Mass. – February 26, 2008 - The Massachusetts Association of REALTORS® (MAR) reported that the number of single-family homes sold in January were down 28 percent compared to the same time last year. Single-family home median selling prices were also down 5.6 percent. The number of condominiums sold in January was down 34 percent from last year, while median sales prices were up 3.5 percent.

   “Sales in any given month are a result of buyer activity 60 to 90 days prior, and there is no question January reflects the anxiety people were feeling about the economy that last two months of 2007,” said MAR President, Susan M. Renfrew, broker/co-owner of Renfrew Real Estate in Greenfield. “However, this continues to be a buyer’s market and there is opportunity. That combined with low interest rates and the economic stimulus package recently signed by President Bush, should help the market.”

4. Sunshine & Lollipops
   Comment by Sunshine & Lollipops | 02/27/08 at 8:46 am

   Hard Rain - Do you need a hug? LOL

   Yes the gloom and doomers in the press continue to beat their steady drumbeat about recession, falling prices, yadda yadda. Listening to these gloomy gusses it would be easy to think that the sky is falling and that we’re all going to be foreclosed on and tossed out into the street.

   I’ve been harping on this forever now, but let me make the point yet again! YES, times might be less than stellar for lesser markets in the Boston area, but what the press seems to not want to report is that once again it’s all about location, location, location. Here in the city center market, times couldn’t be better. Buyers continue to snap up the few properties that come on the market for continually escalating prices.

   Proof, you ask? Well look in your precious “Ziprealty” at these properties: 7 Follen Street #4 (MLS #70708200). On the market for a shocking $610K for less than 900 sqft. Sold in less than 2 weeks! Or try 145 St. Botolph Street #35 (MLS #70698782), under agreement after ONE open house, multiple offers, sold for OVER asking. We’re seeing bidding wars all over the place. Sure inventory might be down, but there is a huge crowd over buyers perched and waiting for anything that comes on the market, driving prices ever higher. If anything, agents here are starving for more listings since demand is so high. See this:
   http://boston.redfin.com/blog/2008/02/is_there_light_on_the_housing_horizon.html

   What’s going on here?? Could it be that people simply want to live in high-end boutique nabes like the South End, Back Bay and Beacon Hill and are willing and *able* (note this key word!!) to pay? Doctors, lawyers, hedge fund managers with downtown offices, all want to live in our ‘hoods. And there are thousands and thousands of them, all with the cash on hand to pay.

   So say what you will about places like Dorchester, Lowell and Lawrence. But I’m here to tell you that Boutique Boston is roaring ahead full-steam, damn the torpedoes!!

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