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Download Our 2015 Boston Real Estate Annual Market Report

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2015 was a game-changing year in Boston real estate. We saw the continued development of Downtown and the Seaport, while neighborhoods like Somerville and Dorchester saw their prices reach new levels. One thing is for sure, Boston is hotter than ever and that trend is expected to continue throughout 2016. If you’re a home-owner curious about the value of your home or someone looking to make a move to the city,  our 2015 Boston Real Estate Annual Market Report will be a valuable resource to you. Broken down by neighborhood, this report will paint a vivid picture of the city’s current market conditions.

 

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Boston Real Estate Market Report – 2015 Q3

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Our 2015 Q3 Boston Real Estate Market Report is now available for free download. Filled with the most comprehensive and up-to-date market statistics, this report is a valuable resource for buyers, sellers and agents alike.

The third quarter saw Boston’s home values continuing their upward trajectory with overall sales up 7.58% over 2014 with a 6.37% higher average selling price. Download our report today to see what the market looks like in your neighborhood.

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Bushari Group Real Estate in Boston’s Top 10 For Year-to-Date Sales

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We are very happy to announce that Bushari Group Real Estate has entered the Top Ten Real Estate Firms for residential transaction volume year-to-date in Boston, according to MLS-PIN. Our agents have participated in more than $110 million worth of real estate transactions so far in 2015, with almost $84 million of that in Boston proper. The Boston real estate market is highly competitive and we would like to thank our agents and clients who have helped us become the strong, independent company we are today.

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What’s Your Home Worth? Check Out Our Latest Boston Real Estate Market Report

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Buying and selling a home can be a difficult process—but it doesn’t have to be. Access to the right tools and information can make for much smoother sailing in Boston the real estate market which is why we release a comprehensive market report after each financial quarter.

Broken down by neighborhood, our reports contain all of the data and statistics you’ll need to make a more informed decision when it comes to your next real estate transaction. Whether you’re curious about the current market value of your home or you’re just curious about the current market conditions in your neighborhood, our report will provide you with a better understanding of local trends and home values.

Our 2015 second quarter market report is now available for download, so go ahead and get your copy today.

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S&P Case-Shiller: January Home Prices Slightly Dropped In Boston

Single-family home prices in the Boston area dropped slightly in January, a closely watched survey said today, suggesting the battered housing market continues to crawl along the bottom.

In the Boston area, prices were down 2.8 percent from January 2011, dropping to 149.38 from 153.72, according to the S&P/Case-Shiller composite index.

The S&P/Case-Shiller composite index of 20 metropolitan areas nationwide recorded a 3.8 percent decline compared with the year before, in line with expectations and an improvement from December’s 4 percent drop.

“This gives y

ou a little more confidence that the housing market is bottoming because perhaps the most troubling aspect of the recent housing data has been the sagging of the Case-Shiller price index effectively since July 2011,” said Cary Leahey, managing director and senior economist at Decision Economics in New York. “The fact that the so-called double dip in home prices is ending gi

ves you a little more confidence that the market could improve over the next year and a half.”

The only cities with price increases for the month included Miami, Phoenix and Washington. The last time the national price index increased was April of last year. Average home prices across the country were back to early 2003 levels, the report said.

Click here to download your FREE copy of our Year End 2011 Boston Real Estate Market Report

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Better Know a Neighborhood: North End

Full of cafes, restaurants, and gelatarias, Boston’s North End has to be one of the best places in the city to wine and dine.

Originally one of the oldest parts of Boston, it has been the destination for immigration and cultural exchanges.

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Condo For Sale: 10 Museum Way Unit 2122

Yet another example of fine luxury living, this condo on the East side of Cambridge is an ideal place for city living, with the best views of the city just outside your windows.

This 2 bed/ 2 bath spacious unit is located on the 21st floor, so a great view is practically guaranteed. The home features a double sink in the master bathroom, California Closets, a high-end kitchen complete with stainless steel appliances, Brazilian cherry floors, and extra storage. The unit also has central heat and air conditioning for that tricky Boston weather. Just as luxurious as your home, is the building. The amenities include concierge, doorman, a business center, clubhouse, a gym, indoor pool, movie theater, and playground. Phew! And if you’re a pet lover, you’ll be happy to learn that they are pet friendly.

The location is quite convenient, with three T lines close by. It is just across the Esplanade park along the banks of the Charles River. Shopping, dining, and entertainment is never far since you’re so close to the city, but you’re also well placed near the Cambridgeside Galleria, one of the largest malls in the area.

To get more information about this property, check out the listing page here. If you have any questions about the property or are looking for a home for your family, contact us at Bushari Group Real Estate. We’ll be more than happy to answer any and all of your questions.

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Better Know a Neighborhood: Beacon Hill

Tucked away alongside of the Charles River stand the tall golden dome of the state’s capital building and the busy area surrounding it. Yes, Beacon Hill is a central part of the city, so why not live here?

Beacon Hill retains many of its old-world charm in cobblestone streets, narrow alley ways, and home entrances without a stoop opening up strait into the side walk. These are remnants of a bygone era, although many colonial structures have been retrofitted to fit modern time needs. There’s a few Victorian gems here too, as Boston grew, so did its wealthiest citizens. Historically, Beacon Hill has always been a hive of political and entrepreneurial power.

On the upper side of the hill stands one of the pioneering beacons of medicine, Mass General Hospital, still on its original place from when it was first built. Of course, it’s expanded since then. Even the original jail next to the hospital has been reconverted into a posh hotel named the Liberty Hotel (ironic, isn’t it?). In addition to the statehouse and a myriad of government buildings situated on Beacon Hill, is the Boston Commons and Public Gardens, our answer to Central Park. While not as big in scope, the park does provide for year-round attractions like a skating rink, swan boats, tennis courts, a baseball field, and several statues of famous Bostonians. The neighborhood also includes the famous Bull and Finch Pub from the TV show “Cheers.”

If you would like to learn more about the Beacon Hill, please check out our neighborhood page. Thinking about moving to Beacon Hill? At Bushari Group Real Estate, we can help you with your search. Contact us, and we can get you into the home that’s right for you.

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Now with High Demand, We Need More Homes

Perhaps you learned about the relational concept of supply and demand in high school or college. For the most part, it is an inverse relationship, meaning when one side gains the other side loses. This model is seen in everyday economic decisions to what clothes are on sale to what food are in supply. It is the rule of supply and demand that balance out the economy.

We’ve noted the continued trend of a spike in home purchases in the state of Massachusetts, but what if the supply stops coming into the market?

In the last month of January, there was a reported increase of 3.7% in home sales in the state. But many people are still holding on to their homes, so the inventory levels have yet to catch up with demand. This could potentially cause a shortage for the spring season, when the housing market is most active. The uptick in demand is of course, great for sellers because they can increase their asking price from the previous estimations from the past months.

Experts agree that foreclosed homes won’t add much supply here in Boston, but it is safe to say that come spring, there should be a bit more activity in the seller’s market. It’s still too early to tell what the situation will be. But one thing is for sure, that this will be a season of change.

And if you’re feeling the need for change, let us at Bushari Group Real Estate help you with your buying or selling needs. Contact us anytime, and we’ll be glad to help.

You can read the rest of the article here.

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Better Know A Neighborhood: Charlestown

Far different than the setting to Ben Affleck’s criminal caper, “The Town,” Charlestown is on the cusp of reinvention.

Surrounded by water on three sides, this is the closest you can get to the waterfront and be this close to Boston proper. With a rich and varied history, Charlestown has now become the site of several luxury developments, bring in entertainment and shopping options by the dozens. Because of this new growth the area is quickly becoming a hotspot for investors and young families looking for a change of pace outside of the competitive housing market in Metro Boston and away from several problems city living can bring.

Its historic offerings include several  wharves, now the spot of several luxury housing options, and of course, the Bunker Hill Memorial. Situated atop of Breed’s Hill, this national landmark would be only steps away from almost any location in Charlestown. With the abundance of wharves in the area, Boston’s Naval Shipyard found itself the ideal location just alongside of the Harbor. Pleasant Street is the retail and dining hot spot for foodies and shoppers alike. But for the most part, the parks and community gardens provide a tranquil home for the person looking to balance city and suburban life.

If you would like to learn more about the neighborhood of Charlestown, the schools and resources in the area, check out our neighborhood page here. If you would like to search for a home in the area, please, contact us and we’ll be more than happy to help you in your search.