APPROVED: Ollie “Micro-Studio” Residences Coming Soon to Ink Block

Newly approved by the Boston Planning & Development Agency, Ollie is soon to be the latest and greatest addition to the South End’s Ink Block residences. The project will be Boston’s first major co-living project, delivering 250 micro-units and shared suites.

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Luxury Condos at VITA Jamaica Plain Now 1/3 Sold

Now under construction, VITA JP will deliver 82 luxury condominium units to a bustling Washington Street corner in Jamaica Plain.

With construction completing next summer, VITA is becoming one of the hottest developments hitting the JP neighborhood.

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The Back Bay Station is Being Upgraded – Here’s the First Look Inside

In March of 2016, Boston Properties filed a Project Notification Form proposing an expansion to the 165 Dartmouth Street Garage and Back Bay Station, which was initially built on air rights above the Massachusetts Turnpike in the late 1980s. After an initial comment period, Boston Properties has responded to recent feedback and filed a Draft Project Impact Report.

The proposed project is conceived as a transformative, mixed-use, transit-oriented redevelopment, which will revitalize an underutilized urban site and transform the adjacent public realm, and integrate and connect the surrounding Back Bay, South End and Bay Village neighborhoods.

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Bushari Team’s Nicole Rosmarin Recognized as 2018 Rookie of the Year

BOSTON — Bushari Team agent Nicole Rosmarin has officially been recognized as Boston Agent Magazine’s “Rookie of the Year” in their 2018 Boston Agents’ Choice Awards.

Known for her effervescent personality, passion for real estate and extensive knowledge of the Boston market, Nicole Rosmarin is many people’s go-to specialist. She is dedicated to providing her clients with an efficient and professional experience resulting in a seamless transaction process.

Nicole is an integral member of the renowned Bushari Team, who merged with the Compass family in early 2018. Together, they have experience with more than $1 billion in transaction volume. The team creates a more streamlined and interactive experience for their clients by leveraging data and world class technology powered by Compass.

Her real estate success stems from her client relations skills, strong negotiation skills, and sharp attention to detail. She continuously strives to exceed the expectations and goals of her clients.

“Whether helping clients rent a studio or sell a multi-million dollar home, I continually strive to exceed expectations and create a seamless transaction. I’m beyond thankful for my supportive team and Compass family. What an honor to win Boston Agent Magazine’s Rookie of the Year award!”

Get to know Nicole and the rest of The Bushari Team at BostonRealEstate.com.

Construction Begins on 50-Story Winthrop Square Condo Tower

Site work has commenced at the Winthrop Square Tower project in Boston’s Financial District. The 53-story tower will deliver 500 luxury condominium residences, restaurant and retail space. The highly-anticipated development will continue to elevate Winthrop Square as the locale for modern, luxury living.

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A Look Inside the 9 Remaining Units at The Boulevard

With interior finishing currently underway, construction on the highly-anticipated Boulevard on the Greenway is expected to wrap up by August 2018. The 31-unit residential building will deliver true Downtown living, creating a link between Boston’s financial district, Custom House district, and lush green of the Rose Kennedy Greenway.

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NOW OPEN: Proto Luxury Apartments in Kendall Square

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.

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Roundup: 6 MUST-SEE Residential Pools in Boston

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!

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[Report] Boston Ranked #2 Hottest Housing Market in May

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.

Realtor.com’s May 2018 Hotness Rankings

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:

5 Benefits of Selling & Buying Your Home Off-Market

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.

Privacy: Keep Your Home out of the Spotlight

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.

Time: Avoid the Hassle of Time in Home Preparation

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

Control: Sell Your Home on Your Terms

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.

Test the Waters: Evaluate Salability and Gain a Buzz Before Going on the Market

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.

Buyers Get a Competitive Edge

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.