This tight renting market has left Boston apartment seekers scrambling to get an apartment before the traditional changeover date, September 1. Even apartments that have been declared “overpriced” by many are getting rented and some people are even renting without a viewing. Boston is a hotter location to rent than before, with real estate in the Back Bay, Beacon Hill, and Cambridge in higher demand than ever.

2 beds, 2 baths

986 SF

1 Garage space

Private terrace

10 Museum Way #2125 at the Regatta Riverview Residences in East Cambridge is available for $565,000. Call Elad Bushari at 617-529-7079 for more information.

Condos and homes in Newton priced less than $600k with 3+ bedrooms, 2+ bathrooms and garage parking are going under agreement quickly – often in a matter of days and occasionally with multiple offers. Even in bidding war situations, however, buyers today are very wary to pay more than asking. Some examples include 59 Cook Street, under agreement in only five days,  and 307A Winchester, which had multiple offers after a spectacularly busy open house.

Why is Newton so popular? Well, not only is Newton a short 20-30 minute drive from downtown Boston, its school system is renowned as one of the best in the state. That said, Newton has always been geographically close to Boston and the schools were always great. So in my opinion, it seems that there is something else working behind the scenes here.

Many Boston and Cambridge homeowners decided to remain in their homes when the Boston real estate market started to turn from a sellers to buyers market back in 2005. While they would have preferred to move sooner, these homeowners decided to wait out the market in hopes of an upturn. Five years later, many of those homeowners have grown out of their condos and are looking for good school systems for their now school-age children. We are also noticing that Boston area homebuyers today are purchasing homes with a longer term in mind than they were only a few years ago. Homebuyers, specifically first-time homebuyers, used to purchase a space with a plan to upgrade in two or three years. Today, many first-time homebuyers taking advantage of the homebuyer tax credit are looking long-term and purchasing the home they plan to live in for the next five or even ten years. They may forgo a cute Back Bay condo or trendy Boston Loft for the spaciousness of a Newton single-family home.

The ultimate in modern luxury, this spectacular home offers sweeping views of the Charles River and Boston skyline. Fit for the most discerning urban sophisticates, clean lines and custom finishes make this residence a contemporary masterpiece. The spacious, corner layout is flooded with natural light and offers a private terrace overlooking breathtaking views. The expansive kitchen exudes elegance with custom Italian cabinets, exquisite granite counters, as well as high-end Miele and Sub-Zero stainless steel appliances. Entertaining is a breeze with the open floor plan and large kitchen island. This home features sparkling Brazilian cherry floors throughout, custom Italian closets, a spacious laundry room and three opulent baths finished with luxurious marble and Italian tile. Relax in the master suite, a tranquil oasis offering a peaceful sitting area and an air-jet tub, perfect for the at home spa experience. This unique property includes ample closet space as well as two deeded storage units and two valet garage parking spaces. Unit 2223 at the Regatta Riverview Residences is truly one of the most impressive and awe-inspiring offerings on the market.

The Regatta Riverview Residences is a luxury, full-service building in popular East Cambridge. Across from the new North Point Park and the Charles River, local attractions include the Esplanade, Museum of Science, Galleria Mall, playgrounds, tennis courts and a marina. Located near Massachusetts General Hospital, MIT and Beacon Hill, the Regatta is also steps away from the Green Line MBTA and Red Line shuttle. Building amenities include 24-hour concierge, pool, fitness center, movie theater, business center and club room.

3 bedrooms, 3 bathrooms, 2 garage parking spaces

1,842 Square Feet, private terrace

10 Museum Way #2223 is available for $1,790,000

Call listing agent Elad Bushari for more details at 617-529-7079

7 Newport Road #2 is available for $529,000 and exclusively listed with Elad Bushari, Bushari Group Real Estate 617-529-7079

If, as a buyer, you are truly interested in purchasing a property, know the seller’s motivation. If the seller is really just testing the market or doesn’t absolutely have to move due to say, job relocation or financial strain, a low-ball offer may put the seller in a mind-set to remove the property from the market all together.

Eric is a sales specialist who strives to exceed client expectations. He has studied the art of negotiating and majored in sales and marketing at Babson College. Eric was a successful sales professional before turning his attention to the real estate market. He began managing his family’s residential and commercial properties and his career took off from there. His sales background and negotiating skills have helped Eric become a strong advocate for his clients and close countless real estate transactions.

Eric seeks to build lasting relationships with his clients and use his sales skills to help his clients achieve the best value for their home – whether they’re buying or selling. Eric believes all home owners should have the opportunity to build wealth through real estate – whether they’re savvy investors or first time homebuyers.

Eric speaks Cantonese and Taosanese and his family’s roots in the local Asian community run deep.

Eric was born and raised in Newton and now lives in the heart of the South End.

199 Western Avenue #1, Cambridge

Available for $399,000

Call Exclusive Listing Agent: Elad Bushari, 617-529-7079