Stunning 2 bed 2 bath Home Now Available at the Regatta Riverview
June 19, 2008 | Filed Under Real Estate News, Boston Lifestyle, Boston Condos, Boston Luxury Developments, Boston Real Estate | Leave a Comment
For you Bostonians who haven’t been over to the other side of the river in a while, it is really time to expand your horizons. East Cambridge is booming as the North Point project takes off. The first stage of the North Point Park is absolutely stunning. Acres of rolling greens run into finely manicured flowers and a mondern playground. Tie your boat to one of the many docks, or simply stroll over from Beacon Hill. The second stage of the planned park, known as Central Park, is well underway. The North Point loft buildings now have certificates of occupancy, and the commercial buildings, restaurants and retail shops will be built soon. Oh, and I almost forgot to mention, the Regatta Riverview has some of the best views in the entire metro Boston area. The Regatta is super close to both MGH and MIT.
Come visit this pristine 2 bedroom 2 bathroom home at Sunday’s Open House (12:00 - 2:00). This condo features a stellar master bath with deep Jacuzzi tup and multiple shower jets, Brazilian cherry floors, cherry cabinets, stainless steel appliances and a huge walk-in closet. The price includes one valet garage parking space and is pet friendly. Amenities include 24-hour concierge, pool, gym, movie theater, business center and club room. Located only a few minutes from the Green Line T.
10 Museum Way #1621 Exclusively offered at $685,000
The Boston Courant Vs. Boston Homes
June 16, 2008 | Filed Under Real Estate News, Boston Real Estate | 3 Comments
As most of you locals may have noticed, The Boston Courant started publishing a new open house section about nine weeks ago. It has quickly taken off and is quite the rival for Boston Homes. Rather than update its open house section from the LINK network link Boston Homes, The Boston Courant uses MLS…the prefered multiple listing source for local agents. This free market competition will hopefully bring a balance to the current advertising system. Good Luck Boston Courant!
Back Bay Loft now available for lease
June 14, 2008 | Filed Under Boston Lofts, Boston Lifestyle, Boston Condos, Boston Real Estate | Leave a Comment
1 bedroom Back Bay Loft
This 1500 sq ft loft in the heart of the Back Bay features exposed brick and parking. Sliding glass doors open from the living room into the expansive private roofdeck. Skylights and large windows fill the space with natural light. With the updated open kitchen, this space is perfect for entertaining. Offered at $3,600 / month.
Call Brendan Cavanaugh for more information or to schedule a preview. 617-794-5638
Pending Sales Up 6.3% nationwide according to NAR
June 12, 2008 | Filed Under Real Estate News, Real Estate Trends and Statistics, Real Estate Investment, Boston Real Estate | Leave a Comment
The National Association of Realtors has reported a 6.3 percent increase in pending transactions from March to April. The news is based on the Pending Home Sales Index, which is based on contacts signed during a set period of time. April’s numbers are the highest point since last October, but they are still 13.1 percent less than April of last year.
That said, the Northeast index doesn’t look quite as rosey as the national one. In the Northeast, the index actually declined by 1.9 percent in April comparted to March.
Regent Hotel backs out of Battery Wharf project in the 11th hour
June 11, 2008 | Filed Under Real Estate News, Boston Condos, Boston Luxury Developments, Boston Real Estate | Leave a Comment
The Regent Hotel has officially left the Battery Wharf project up the Charles without a paddle. The premier hotel operator and the $300m luxury hotel and residence project along Boston’s waterfront will part ways due to “philosophical differences.” The Regent’s departure will leave the Battery Wharf without an operator for it’s 150-room hotel, it will also leave them without a provider for the ultra-luxury amenities and services promised to all the home buyers who plopped down millions for a slice of “Utopia Engineered.” This comes at exactly the worst possible moment. Only 22 of the 105 condominiums offered have sold, with another 40 under-agreement. The Battery Wharf may have some issues with hesitant home buyers who will not want to close when they see they are not getting what they were promised. In addition, the development may face difficulty selling the remaining units if they don’t bring a premier hotel provider on board a.s.a.p.
4% Commission Limited Time Offer
June 8, 2008 | Filed Under Real Estate News, Boston Lofts, Real Estate Investment, Boston Lifestyle, Boston Real Estate | Leave a Comment
Are you considering selling your loft in the near future? If so, we have the deal for you! Bushari Group Real Estate is running a 4% commission promotion for all loft listing contracts signed with us by June 31st, 2008. Your listing will be featured on our highly-optimized www.bostonianlofts.com website, as well as our www.bushari.com webiste. Contact us today to learn more about this amazing limited time offer, and about the unique marketing strategies of Bushari Group Real Estate.
Introducing: Bushari Group Real Estate
June 8, 2008 | Filed Under Boston Lifestyle, Boston Condos, Boston Real Estate | 1 Comment
We have finally done it! We are proud to announce we are no longer the Bushari Team of Gibson Sotheby’s International Realty; we are now Bushari Group Real Estate with our main office at 75 Arlington Street in the Back Bay. There is nothing quite as fulfilling (and tiring!) as owning your own business. We are extremely excited and look forward to growing our company into a technologically savvy firm built on strong ethics and outstanding customer service. Thank you all for your continued support over the years. We look forward to long-lasting relationships with all of you.
The Ever Rosy National Association of Realtors
May 19, 2008 | Filed Under Real Estate News, Real Estate Trends and Statistics, Real Estate Investment, Mortgage and Finance, Boston Real Estate | 1 Comment
In my last few posts I have been going after some local journalists for not localizing their real estate articles. Well, today I am going after one of my own, Mr. Lawrence Chen, Chief Economist for the National Association of Realtors. In a recent statement, Mr. Chen denied we are facing a national recession. I guess he got me on a technicality there, as the definition of a recession is two concecutive quarters of negative GDP growth…but he can’t be serious about the second part of his statement. Mr. Chen predicted across the board growth with markets such as Miami, Pheonix and Las Vegas seeing a possible 50 percent value increase by the end of 2008. Really? Miami, Pheonix and Las Vegas? These are some of the hardest hit cities in the country in terms of real estate values, partically due to subprime loans. They also don’t seem to have a bottom in sight, certainly not a 50 percent upswing by December.
Now everyday I preach that real estate is local, but this is our National representative. I know that the Boston Real Estate Market has far outperformed the national average lately, which is why I get so annoyed with local jouranlists who simply repackage national news. At the same time, Mr. Chen has continued to deny a national downturn even thought the numbers cannot be interpreted any other way. I will be the first one to realize there are always two sides to the coin. A depreciated area with high foreclosures can have some very lucrative investments for buyers who want to make it big. However, Mr. Chen will not even admit there is another side of the coin. His persistance at denying the obvious makes all Realtors look bad, and Mr. Chen, that’s personal!
Another deceiving real estate article…come on people! A little research!
May 15, 2008 | Filed Under Real Estate News, Real Estate Trends and Statistics, Boston Real Estate | 1 Comment
Oh boy. Why is it that local reporters continue to look at the real estate glass as half empty rather than half full? Actually, I think journalists have perfected the art of bad news, even when it doesn’t exist. Take the recent Boston Herald article about the pending sale of Dr. John Meola’s stunning Weston estate. The estate recently went under agreement after years on the market. The asking price was $10.9m, which it has been for almost the past three years. The article states that Dr. Meola hoped to get $18m at one point, but had to sell the property at a “bargain”. The author therefore seems to justify that because the super-wealthy are selling for less than they would like, the ultra-luxury market has taken a hit.
Well, first of all I highly doubt the author ever took a logic class in college. His justifications simply don’t make sense. Both in up and down markets, guess what…sellers almost always sell for less than what they hoped. Quite the epiphany moment, isn’t it? People simply tend to overvalue their own personal property. We Realtors know that if someone hopes to get $18m but ends up with far less, this by no means indicates a down market. In fact, Dr. Meola made a decent profit on this sale. Not only that, the sale of this estate will actually break the highest sales price record for a single family home in Weston! Now that’s news! Instead of writing about the most expensive home ever to sell in Weston, the author decided to deceivingly spin his article to fit his agenda. Shame on you Mr. Scott Van Voorhis.
The other point dear Scotty mentions is the drop in the number of $3m+ properties in Weston as compared to last year. While inventory sales is one indicator of market statistics, it is just that, ONE indicator. Do the 10 sales this year represent 90 percent of the current inventory or 20 percent? Has the average marketing time increased or decreased and by how much? What about average and median sales prices? Most importantly, has average price per square foot increased? It is easy to whip up an article based on only ONE of the many factors Realtors use to determine market conditions, but you will inevitably end up with a hollow and deceptive piece.
Close-out SALE at The Modern South End
May 15, 2008 | Filed Under Boston Lofts, Boston Condos, Boston Real Estate | Leave a Comment
The developers of The Modern in the South End have canceled the auction for the remaining ten units that was scheduled for this Sunday. Instead, they will be offering a close-out sale price for offers received by Sunday. Word on the real estate street says that the developers are considering leasing unsold units and pushing forward with stage two of the project.
To get more information about this promotion, please call or email us today.
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