Wrapping up construction earlier this month, Proto apartments in Kendall Square have officially opened their doors. The 22-story mixed-use tower delivers 280 stunning apartment residences to the vibrant Kendall Square neighborhood of Cambridge.
It finally feels like summer around Boston, and city residents have been on the search for places to cool off throughout the city.
While public pools and beaches can certainly get the job done, there’s nothing quite like going for a swim in your private pool.
We’ve rounded up a number of homes with residential pools that are currently on the market, so take a dip or be left on the Beach Bus!
A recent publication by realtor.com ranked U.S. city housing markets on a “hotness” scale – taking into account housing market supply and demand by number of listing views. Boston has secured a top position as the nation’s #2 hottest housing market for May 2018.
While Californian cities have occupied several top positions in past months, the May rankings are better distributed, with Texas, Ohio, Michigan, Idaho, Colorado, Indiana, Wisconsin and Washington represented in the list. California had dominated the national market list in April 2018, with San Francisco, Vallejo, San Jose, Santa Cruz, Stockton and Sacramento all holding high positions.
In the website’s May publication, director of economic research at realtor.com, Javier Vivas, commented on California’s representation. “The California housing market has been hot for a long time – but maybe too hot. Our May hotness index further confirms we’re seeing that as prices in California continue to soar, people are increasingly looking elsewhere. As we continue into what we expect to be the hottest home-buying season in history, look for a wide variety of locales to remain red-hot.”
In the city’s ranking of median age of inventory, Boston was tied with Midland, Texas at 28 days.
The ranking is based on listing views by market, an indicator of demand, and median days on market, an indicator of supply.
|May 2018 Rank||U.S. City||May Median Age of Inventory||April Rank||April Median Age of Inventory|
|1||Midland, Texas||28 days||1||30 days|
|2||Boston-Cambridge-Newton, Mass.-N.H.||28 days||2||30 days|
|3||San Francisco-Oakland-Hayward, Calif.||22 days||3||24 days|
|4||Columbus, Ohio||31 days||4||32 days|
|5||Vallejo-Fairfield, Calif.||31 days||5||30 days|
|6||Boise City, Idaho||31 days||11||34 days|
|7||Stockton-Lodi, Calif||30 days||8||32 days|
|8||Buffalo-Cheektowaga-Niagara Falls, N.Y.||33 days||17||41 days|
|9||Grand Rapids-Wyoming, Mich.||31 days||25||39 days|
|10||Fort Wayne, Ind.||35 days||30||47 days|
|11||Colorado Springs, Colo.||30 days||6||30 days|
|12||Sacramento—Roseville—Arden-Arcade, Calif.||31 days||7||33 days|
|13||Worcester, Mass.-Conn.||34 days||21||40 days|
|14||Rochester, N.Y.||37 days||14||38 days|
|15||Ann Arbor, Mich.||32 days||9||36 days|
|16||Detroit-Warren-Dearborn, Mich.||37 days||16||40 days|
|17||Odessa, Texas||34 days||15||37 days|
|18||Spokane-Spokane Valley, Wash.||33 days||13||34 days|
|19||Dallas-Fort Worth-Arlington, Texas||37 days||19||38 days|
|20||Racine, Wis.||39 days||12||38 days|
Last year, researchers found that new homebuilding was the single best predictor of increases in home inventory in the U.S. With a wealth of residential developments on the rise in the city, Boston’s 2018 homebuilding forecast is looking bright.
Click below for a link to Boston’s Development #CraneWatch – featuring proposed, approved and constructed developments throughout the city:
While Boston citywide inventory has increased steadily since 2014, general inventory has been historically tight. One major factor is that thousands of properties in the city are being sold each month without being listed on MLS, Zillow or Redfin.
While these sorts of off-market deals were once used solely for prestigious high-end properties, they are becoming more popular with buyers and sellers who recognize their advantages.
In this age of growing concerns over privacy, many sellers want to avoid sharing their home’s sale price and photos. Sometimes the house is in disorder or the sellers don’t want the public to know that they are moving.
The main advantage for a seller in keeping their home off-market is anonymity. You may notice that you rarely come across homes being sold by famous celebrities. Most of these deals are being completed off-market so that their information does not get publicized.
One thing that there never seems to be enough of in the real estate world is time. Sellers are expecting a fast and easy close while buyers rush to close on a home amid other offers.
While off-market properties typically receive fewer showings, they also receive more serious buyers.
This cuts down on the number of showings sellers have to deal with and the times that they need to get their home prepared at the last second prior to an unannounced showing.
Homeowners are not typically in a rush to sell, and because competition is relatively lower, buyers can get the time to look over the property at the seller’s convenience. And without time pressure, both parties can feel more relaxed at the negotiating table.
71 Eastern Point Boulevard | Gloucester – Off-Market Listing by The Bushari Team
When there are few homes on the market but a wealth of buyers, a seller can be more selective and choose to avoid going public with their home sale.
In an off-market sale, sellers can choose who can see their home and when it’s available. If they want to avoid having their neighbors know they’re selling or avoid having their house sitting on the market for months, an off-market sale may be their best bet.
Sellers can get an idea of their home’s marketability and see how the local market views their home and proposed price.
If a seller doesn’t receive a great offer while the property is listed off-market, they haven’t necessarily lost anything. If the home has been listed off-market for some time and there haven’t been any offers, perhaps it would be best to lower the price before it’s listed on MLS.
When a buyer is putting an offer on a home, they are up against several other prospective buyers. Buyers that put in an offer on an off-market property are rarely up against the same numbers of buyers.
Buying off-market can significantly reduce the stress of getting your offer accepted.
Whether you’re a seller looking for a private transaction or a buyer interested in gaining a competitive edge, The Bushari Team is well-versed in sourcing and structuring off-market deals.
Reach out to us to get your off-market home buying/selling process started.
AccorHotels, operators of the Singapore-based Raffles hotel, has announced the signing of definitive agreements to debut the first mixed-use luxury Raffles property in North America.
The Boston Planning & Development Agency is currently undergoing official review on The Davis Companies’ proposed 112 Shawmut development.
The project will introduce a thirteen-story structure housing approximately 139 new homes in Boston’s vibrant South End neighborhood.
This week, a Project Notification Form was filed with the Boston Planning & Development Agency by Massachusetts-based developers National Development. The PNF called for the construction of 250 micro-units in the South End at Ink Block.
We’re thrilled to announce Walter Pawlowski as the newest sales agent on The Bushari Team.
Walter joins us as a veteran at Bushari Real Estate, where he exhibited strong mediation and negotiation strategies through his thorough background in real estate law.
Hailing from the South Shore, Walter gained a passion for real estate at a young age, frequently visiting construction sites with his father, who was a general contractor for over two decades. Walter graduated from Suffolk University Law School and takes to heart the core values of being an attorney, acting as a trusted advisor to his clients and acting in their best interests at all times.
His work in property law grants him a comprehensive understanding of financing, investing and negotiating that leaves him uniquely prepared to assist his clients in their transitions.
Walter currently resides in Charlestown, where he enjoy its distinctive history, local restaurants and vibrant social culture. When Walter isn’t concentrating on his clients, he likes to remain active and enjoys golfing and playing basketball.
We sat down with Walter to hear what he’s most looking forward to as a part of The Bushari Team.
Get to know Walter and the rest of The Bushari Team at BostonRealEstate.com