Category Archives: Home Buying

Boston by the Numbers: Singles Edition

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If you’re on the lookout for that special someone, your best bet may be trying your luck in Boston.

Boston ranked in the top five in a recent nationwide survey, beating more high-profile cities like Los Angeles, Chicago, and New York City. The WalletHub ranking surveyed 150 cities for the best places for single individuals, using such metrics as cost of living, number of attractions, and dating opportunities to narrow the list. Although Boston is an expensive area to live in, its wealth shines through in the countless events to attend and opportunities to take advantage of.

It’s no secret that Boston is one of the nation’s top places to live, and for good reason with its strong job market and high quality of living. US News and World Report commends Boston for its seamless blend of tradition and innovation, offering perks and amenities for all interests and ambitions. For singles especially, Boston’s restaurant and cultural scenes are unbeatable in both variety and quality: from heritage trails and museums, to film festivals and mouthwatering cuisine, there’s no other city with quite this much unfolding year-round.

If we’ve convinced you to move to Boston and find your other half, these five neighborhoods should be at the top of your list:

Brookline

The charming town of Brookline is hard to beat with its amenities, character and close proximity to Boston. From popular villages with great restaurants and shopping to grand homes in the shadow of The Country Club Brookline makes for a great place to live.

Single Population: 45%
Married Population: 45%
Gender Ratio: 45% male, 54% female


Newton

Recently rated by Money Magazine as one of the top places to live in America, Newton Massachusetts is one of the most sought after communities in the Greater Boston Area.  Located minutes from Boston on the Mass. Pike, Newton offers its residents the convenience of city living in a more suburban environment.

Single Population: 34%
Married Population: 55%
Gender Ratio: 46% male, 53% female


Jamaica Plain

Home to many of the jewels in the “Emerald Necklace”, Jamaica Plain has an abundance of green space for the outdoor enthusiast. This, combined with its artsy flair, easy access to downtown, and community feel make Jamaica Plain a top destination for Boston area residents.

Single Population: 53%
Married Population: 33%
Gender Ratio: 45% male, 54% female


Cambridge

As one of the most sought-after places in greater Boston to reside, Cambridge has ample charm to go along with its history and intellectual fame. First established when America was still under British rule, it has aged so gracefully that its ivory towers and historical churches blend seamlessly with its thriving science and technology hubs. Combine all of these perks with easy access to the Hub of the Universe and Cambridge becomes a city almost unbeatable in its desirability.

Single Population: 56%
Married Population: 33%
Gender Ratio: 48% male, 51% female


Somerville

Named Best-Run City in Massachusetts by The Boston Globe, Somerville packs an urban-planning punch only two miles from the Boston city center. It’s won the All-American City Award three times since 1972 for its ideal walking and biking routes, and Cities throughout Massachusetts and New England look to become “the next Somerville” in terms of its roaring success in residential initiatives.

Single Population: 55%
Married Population: 33%
Gender Ratio: 49% male, 50% female

As the icing on the cake, eighty percent of Bostonians have attended college, so your significant other will be one smart, successful cookie.

Demographic information provided by point2homes.com.

What Brexit Means for American Mortgage Rates

dreamstime_s_54561593Britain’s vote to leave the European Union on Friday shocked many and left Americans wondering what effect the action would have on our economy. International concerns play a large role in the mortgage-backed security market. As a general rule of thumb, when there is risk or danger in the financial markets, investors and speculators tend to flee to ‘safe haven’ assets, such as U.S. treasury bonds and U.S. mortgage-backed securities. This typically results in lower mortgage rates and mortgage-bond purchasing leads to higher prices and lower bond yields.

For Americans who have been waiting for one reason or another to refinance, now is the time to act. Rates are back at historic lows and the Federal Reserve is likely not going to be raising short-term rates again for a while. Investors are putting their funds toward the safest assets, such as U.S. Treasuries, mortgage -backed securities, and gold. According to financial analysts, this won’t last long. Homeowners are urged to act quickly, and lock in rates as soon as possible.

The Brexit vote and ensuing turmoil in Europe also strengthened the U.S. dollar overseas. As a result, imported goods, such as German automobiles or appliances, could also see some price improvements over time with a stronger U.S. dollar, along with a decrease in the cost of traveling to Europe.

It is certainly worth a conversation this week about where your mortgage rate is and whether or not the team at Fairway can help you save money each month. Call our partner at Fairway, Jarred Alexandrov, to discuss where rates are and how he can assist you with a quick refinance for your home. If you have been considering moving to a new home, he can talk about your options as well, as there may not be a better time to buy in 2016 than in the coming weeks and months!

JarredA
Jarred Alexandrov
Office: 508.735.0078
Cell: 508.735.0078
Email: jarreda@fairwaymc.com

 
Source: Fairway Independent Mortgage

 

Home Sales Spring in March

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The National Association of Realtors has just announced that home sales have surged in March due to large increases in both the Northeast and the Midwest regions. These numbers were proving to be slightly higher than last year’s at this time as we enter the spring market.

“We continue to see a significant amount of activity here in the local Boston real estate market ourselves with the number of transactions that we have closed recently,” states Jon Ufland, Broker/Owner of Unlimited Sotheby’s International Realty. “The demand is still flourishing and has remained consistent due to a warmer winter and early spring market.”

NAR chief economist, Lawrence Yun, says that the surge in sales followed a decline during the month of February. “Closings came back in force last month as a greater number of buyers – mostly in the Northeast and Midwest – overcame depressed inventory levels and steady price growth to close on a home,” he said.

Sales have been up yet inventory levels still pose their challenges. The total inventory level by end of March did have an increase of 5.9% to 1.98 million homes for sale, but by comparison to last year this was still 1.5% lower than the 2.01 million figure we had seen then. This increase in inventory has brought total unsold homes to a 4.5 month supply up from 4.4 months in February should all sales remain at the current pace.

The demand is real and is still moving properties at even faster rates this spring. The effect is a lower average days on market for the slim inventory. Properties typically remained on the market for 47 days in March which is down from 52 days in March of 2015.

Inventory has been coming on sporadically. Trends typically show homes being listed after the holidays in the New Year yet are often effected by the weather in some regions. Any additional economic factors such as stock market fluctuations can also have their imposed results.

“The choppiness in sales activity so far this year is directly related to the unevenness in the rate of new listings coming onto the market to replace what is, for the most part, being sold rather quickly,” adds Yun. “Additionally, a segment of would-be buyers at the upper end of the market appear to have been spooked by January’s stock market correction.”

On the mortgage side of the industry, Freddie Mac reports that the average rate for a 30 year conventional fixed-rate mortgage had a slight increase to 3.69% in March up from 3.66% in February. However, rates have now crossed into their eighth month of consistently being south of the 4% threshold. These historically low rates should continue to make home ownership more affordable as we proceed through the spring market.

Article information gathered is provided by The National Association of Realtors and their sources. This article was written by a third party and is deemed accurate but not guaranteed.

Featured Listing: Beautifully Renovated Luxury Medford Condo

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107 Bowdoin Street, Unit 2 – Medford

Offered at $649,000

Luxury, newly renovated 4 bed, 2.5 bathroom duplex condo. Offering a modern eat-in-kitchen with honed granite countertops, large center island, and stainless steel appliances. Luxurious brand new bathrooms. large master suite with ensuite bathroom and two walk-in-closets. In-unit laundry room and storage conveniently located on the 3rd floor. Private spacious back deck. Two parking spaces in the garage plus three parking spaces in driveway. Close to I-93 great for commuting.

Listed by Kate Kittipanthopas and Joanne Polo
Kate – 617.501.4892, kate.k@unlimitedsir.com
Joanne – 617.957.1708 , joanne.polo@unlimitedsir.com

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Featured Listing: Stunning 21 Acre Property in Harvard, MA

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55-57 Oak Hill Road – Harvard, MA

Offered at  $2,395,000

An exceptional property on 21 acres in idyllic Harvard. This unique compound includes a main residence, a farmhouse, a large barn and a modern workshop. The main house is a 3200 square foot, 4 bedroom, 3.5 bath contemporary landmark residence by noted architect Graham Gund, with soaring ceilings, skylights, clerestory windows, a kitchen worthy of its own television show, and a European style central courtyard accessed through French doors. The charming farmhouse, perfect for extended family, staff, or rental income, has 3554 square feet, 3 bedrooms and 2.5 baths, plus bonus spaces that include a studio and a sky lit loft with a private entrance. The picture perfect post and beam barn has 5 stalls, a hayloft, and a sky lit studio/workroom. The heated drive-through workshop is ready for any project. The land includes lawns and gardens, a swimming pool, bearing fruit trees, pasture, woodlot, and a skating pond. A sub-dividable, build-able lot has been perc tested.

Listed by The Surrealtors, contact them at:
Trisha Solio, 617.293.8070, trisha.solio@unlimitedsir.com
Jay Balaban, 617.293.8932, jay.balaban@unlimitedsir.com

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December in Times Square

The Sotheby’s International Realty® brand is collaborating with the New York Stock Exchange to showcase a video banner on the ABC Super Sign on 44th and Broadway in Times Square, New York City.

During the entire month of December, Sotheby’s International Realty® will be a part of these flashing displays and bright lights of Times Square. The special video promotion is set to run throughout the entire month of December, and will be displayed 15 times per day. On average, Times Square sees 1.6 million visitors PER DAY. This new and exciting advertising experience allows visitors to immerse themselves in sir.com, and catch a glimpse of the incredible services, properties, tools and strength of this great brand.

See the banner come to life by watching the video below:

Brookline is the brainiest place in Massachusetts

Brookline is the brainiest place in Massachusetts, according to an analysis of U.S. Census data gathered by the Boston Business Journal and parent company American City Business Journals in 40 markets around the country.

See the other cities ranked and learn more about why Brookline was ranked the #1 best-educated community in Massachusetts. To read more: Boston Business Journal.

Brookline SS Pierce Building

Featured Listing: Newly constructed by renowned, local artisan builders

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200-R Amory Street, Unit 12 – Jamaica Plain

Offered at $799,000

Stunningly crafted and beautifully accented triplex newly constructed by renowned, local artisan builders. 1700+ sq.ft. 3 bed, 2.5 bath townhouse with an open floor plan and wonderful light. No cookie cutter new construction shortcuts here, just refined, high quality design and execution with thoughtful details everywhere. The kitchen features abundant custom maple cabinets, granite counters and stainless Jenn-air appliances. Gas fireplace. Acid washed concrete floors with radiant heat on the first floor, which includes a bonus space and a garage that is almost too beautiful to park in. Sumptuous cherry floors grace the second and third floors. You will never want to leave the amazing roof deck with spectacular views (& plumbed with water and natural gas to make cooking and dining easy and fun). Steps to the T. “WalkScore 89: Very Walkable”.

Open House: Sunday, 11/8 11:30am-1:00pm

Listed By: Jay Balaban, 617.293.8932, jay.balaban@unlimitedsir.com
Trisha Solio, 617.293.8070, trisha.solio@unlimitedsir.com

New to Market: Sunny 1 Bed on the Boston/Brookline Line

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922 Beacon Street, Unit 44 – Boston

Offered at $399,900

Charming, quiet, and sunny top floor/rear facing unit in St. Mary’s area near Fenway/Kenmore and right on the Brookline line. Best of Boston/Brookline and move-in ready! Hardwood floors in living room and bedroom, new windows in living room, tiled kitchen and bath, new natural gas boiler. Professionally managed association, heat/hot water included in condo fee, and on-street parking available with Boston permit. Walk Score® of 93: Steps to C line and quick access to B and D Green Lines, Whole Foods, restaurants, shops, and coffee. Walking distance to BU, Coolidge Corner, Longwood Medical, Fenway Park, The Landmark Center, downtown and much more.

Open Houses: Sat, 10/31 12:00-1:00pm and Sun, 11/1 12:00-2:00pm

Listing Agent: Chris Masterman, 617.467.8198, chris.masterman@unlimitedsir.com

Many Magnificent Multi-Families

Must see homes for investors, developers, and even owner occupants!

56 Harvard Avenue – Brookline
Offered at $2,799,000

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Built in 1900, this 4 Family home is located on a lovely one way street in the local Harvard Ave. Historic District between Coolidge Corner and the Village in Brookline, MA. The building consists of 4 units as follows: The lower level and 3rd floor unit (this unit has CA) are both 2 bed, 1 bath units. The 1st floor is a 2 bed, 2 bath unit with private porch. The 2nd floor unit is a 2+ bed, 1.5bath unit. Each apt has a fully applianced kitchen with in-unit laundry. In addition, there are 21 parking spaces available to rent with 14/21 permitted by an open air license granted by the town on an annual basis for $150. The current gross rent is below market as unit #3 is owner occupied and there is no rent figure included in the gross. Rental parking varies from $150-$175/month. This building is a commuter’s dream with quick access to the Longwood medical area and other points of interest.

Listing Agent: Scott Goldsmith, 617.529.2434, scott.goldsmith@unlimitedsir.com


517 Heath Street – Brookline
Offered at $949,000front1

Attention investors, developers and owner occupants! This lovely 2 family home is a commuter’s dream. It is conveniently located in Chestnut Hill with highway access and is only steps away from the Chestnut Hill T stop. Both units feature two graciously sized bedrooms, a living room and dining room, fully applianced kitchens with pantries, rear decks, hardwood floors throughout and one covered parking space each. The second floor unit features an enclosed front facing porch. Additionally, there is a third floor space consisting of 2 more rooms which could be additional bedrooms or a study/playroom. There is a full bathroom as well. This space could easily be added to the second floor unit to create a 3/4bed apt with 2 full bathrooms if FAR and zoning allow. This two family home was lovingly maintained by the prior owner and has only recently been available for rent. The first floor lease is through 5/31/16 while unit 2 is through 8/31/16. It really is a must see!

Listing Agent: Scott Goldsmith, 617.529.2434, scott.goldsmith@unlimitedsir.com


21-23 Greenview Avenue – Jamaica Plain
Offered at $679,000DSC03164

This JP side-by-side antique townhouse two-family awaits your polish and your additions to its long history. Our Seller was told it was once a stable to one of JP’s grand homes, and was moved to this location. Two duplex units, 2+BR/1.5BA & 1+BR/2BA have exposed hand-hewn beams, updated kitchens and baths, and the charm of an antique home. In-unit laundry, replacement windows, newer plumbing. Set on a tiny cul-de-sac in a great JP Centre location, just seconds from Centre Street’s shops, restaurants and buses. Walk to Jamaica Pond, Arnold Arboretum, and Green Street T. Showings on schedule ONLY – call/email for schedule.

Listing Agents: Jay Balaban, 617.293.8932, jay.balaban@unlimitedsir.com
Gioulianna Dimitri, 857.294.8267, gioulianna.dimitri@unlimitedsir.com


100 Jamaica Street – Jamaica Plain
Offered at $675,000front2

Jamaica Plain multi family with multiple possibilities! This well-cared for 2 family is a turn-key rental operation with opportunity. Separate utility systems with gas-fired boilers, separate gas and electric meters for each unit and a common electric meter make managing this rental property a no-brainer. Each unit has a parking space and a private porch. The property yields a good return on your investment. Or live in one unit and collect rent on this easy to rent property. Located at the bottom of the hill on Jamaica Street this building is close to the Arnold Arboretum and the South Street shopping district. Easy access to the Forest Hills T-Hub. Stairway walk up to an unfinished attic(600sq feet) with a very high ceiling. Do some research on this and you may find a tremendous upside and a possible way to add more living space to unit 2. This is a golden opportunity for your first home, or for a long-term rental investment or for potential re-development.

Listing Agent: Andrew Brilliant, 617.694.9759, andrew.brilliant@unlimitedsir.com
Team Members: Jay Balaban, 617.293.8932; Robert Tripoli, 508.574.9511


41 Pierce Avenue – Adams Village, Dorchester
Offered at $475,000001-Front_View-2141248-medium

Classic Adams Village two-family home built in the 1800s with original period details. both units are spacious, with high ceilings and inlaid hardwood floors. The first-floor unit features one sizable bedroom, a large eat-in kitchen and beautiful living room that opens up to the dining room. There is also a sun-room with a separate entrance. The second unit features the same layout plus a bonus level upstairs, with room for expansion. This space has three additional bedrooms and a lounge area. The substantial fenced yard includes a separate lot of “develop-able” land (3380sqft.) with a two-car, detached garage and paved driveway. Quick walk to historical Adams Village, parks, restaurants and shops. Located near the red line T Station, the Southeast Expressway and the Pope John Paul Park with acres of waterfront park, bike trails and boat launch.

Listing Agent: Celdra Allen-Harding, 617.283.8375, celdra.allen@unlimitedsir.com