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Ford Realty specializes in Boston Luxury Real Estate and Boston Luxury Condos. Ford Realty has built a reputation for client satisfaction based on the desire to make your next move as easy as...

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New Boston Real Estate Listings – Updated July 02,2009

MLS # Status Address Area Description List Price
70941054 NEW 45 Province Street Boston 5 room, 3 bed, 2 bath 2/3 Family $2,248,000
70940710 NEW 3 Battery Wharf Boston 3 room, 2 bed, 2 bath 2/3 Family $1,845,000
70941047 NEW 45 Province Street Boston 4 room, 2 bed, 2 bath 2/3 Family $1,424,000
70941043 NEW 45 Province Street Boston 4 room, 2 bed, 2 bath 2/3 Family $1,372,000
70941039 NEW 45 Province Boston 4 room, 2 bed, 2 bath 2/3 Family $1,356,000
70941000 NEW 45 Province Boston 7 room, 2 bed, 2 bath 2/3 Family $1,293,000
70941032 NEW 45 Province Street Boston 4 room, 2 bed, 2 bath 2/3 Family $1,200,000
70941001 NEW 45 Province Street Boston 4 room, 2 bed, 2 bath 2/3 Family $1,176,000
70940999 NEW 45 Province Boston 4 room, 1 bed, 1 bath 2/3 Family $1,061,000
70941023 NEW 45 Province Street Boston 4 room, 2 bed, 2 bath 2/3 Family $978,000
70941016 NEW 45 Province Street Boston 4 room, 2 bed, 2 bath 2/3 Family $889,000
70940780 NEW 390 Commonwealth Ave Boston 4 room, 2 bed, 1 bath 2/3 Family $749,000
70940846 NEW 357 Commercial St Boston 6 room, 2 bed, 2 bath 2/3 Family $650,000
70940739 NEW 313 Marlborough Street Boston 3 room, 1 bed, 1 bath 2/3 Family $629,000
70940782 NEW 4 Charlesgate East Boston 4 room, 2 bed, 4 bath 2/3 Family $629,000
70941025 NEW 271 Dartmouth St Boston 4 room, 1 bed, 1 bath 2/3 Family $399,000
70941077 NEW 25 Follen St Boston 4 room, 1 bed, 1 bath 2/3 Family $329,000
70940962 NEW 197 Bunker Hill Street Boston 5 room, 2 bed, 1 bath 2/3 Family $230,000
70940545 NEW 170 Tremont Street Boston 0 room, 0 bed, 0 bath 2/3 Family $34,000
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Latest Boston Real Estate News
  Fewer building permits issued may mean tight home market in future
It may seem as though every where you looked during the past decade you saw new homes going up and new condos being constructed. Far from it. According to data I collected from the Center for Urban and Regional Policy (CURP), The Boston Foundation (TBF) and the Warren Group (the Warren Group), Boston and Massachusetts saw little housing stock added, on a percentage basis. This is a warning sign for those hoping for drops in housing prices during the next years and decades. While average and median sales prices have dropped during the past three years, in fact, most of this can be attributed to "which" homes are being sold. More homes at the lower end of the price scale were sold during the past couple years; homeowners at the higher end just held onto their investments and will wait til the market improves. Here's a breakdown of single- and multi-family building permits issued in Massachusetts, during the past ten years; Yeartotalsingle-familyunits in 2-4 unit bldgunits in 5+ unit bldg 1999959167906602141 2000956363766602527 2001892956046422683 2002855855317092318 200311120529010674763 20041271362229855506 20051510765529917564 200612332491011806242 2007977241396364997 2008 (est)806130512744735 (Boston, with 250,000 units of housing in 2000 and 255,000 units of housing in 2006 issued permits for 1,000 additional units, in 2007, after the housing bubble burst.) Notice how the "explosion" in permitting began in 2003, months into the the economic expansion. In fact, it jumped from 2003 - 2005 and only started cooling off after that, after the first warning signs were already evident. How does Massachusetts compare to other states? According to the Warren Group: By comparison, Arizona — which has a similar-sized population as Massachusetts — issued almost four times as many permits in 2005 (91,436). Three years later, the number sank to 25,232 – still much higher than the permitting activity in Massachusetts. Tennessee, another state that has about the same population as the Bay State, also saw more building. In 2005, more than 46,000 housing permits were issued – almost double Massachusetts’ level. By 2008, there were 21,699 permits – 57 percent more than Massachusetts. Is "overbuilding" better or worse than "under-building"? Why, or why not? (Caveat: Keep in mind, even though permits are issued, the developers may never end up starting construction. As well, the permits are for any type of housing, rental or owning.)
 
  Real estate pending sales isn't a reliable indicator
The National Association of Realtors is trumpeting a fourth consecutive monthly gain in their report of pending home sales. The index tracks the number of contracts signed on homes, which increased in May by just 0.1% from the previous month. Pending sales are up 6.7% from a year ago. In the past those contracts would give a pretty good indication of what existing home sales would look like when the NAR reports its May numbers a few weeks later. These days the report’s reliability as an indicator is shakier. More pending sales appear to be falling through, as financing becomes harder to reach or as buyers and sellers renege on pricing. In April, for example, contracts signed on homes rose 6.7% from the previous month, but existing home sales in May—when a lot of those contracts should have closed and been reported—increased by just 2.4%. Indeed, for nearly a year, the pending home-sales index appears to be over-predicting closed sales relative to historical levels, notes independent housing economist Thomas Lawler. Here are three reasons why: Mortgage Rates: April and May figures should face pressure because mortgage rates spiked sharply at the end of May, rising from around 5% to as high as 5.79%, according to HSH.com. While rates have resettled into the mid 5% range since then, that’s still up from springtime lows that went as low as 4.75%. Some buyers won’t be able to get financing at higher rates; others will probably reconsider buying. Short Sales: Another big factor for the de-linking of pending and existing home sales are short sales, where a home is sold for less than amount owed to the bank on the property. Realtors often mark short sales as “pending” once a buyer and seller have agreed on a price—even though the bank still must sign off on the transaction. When that doesn’t happen, the pending sale falls through. Appraisals: Also, in cases where appraisals come in lower than the sales price, the buyer may decide to back out of the transaction. New appraisal rules that Realtors say are too conservative bore the brunt of the blame from Lawrence Yun, the NAR’s chief economist, for the higher fall-out of pending sales. “Speedy clarification of the appraisal rules could smooth a housing market recovery and support the overall economy,” he said in a news release. File Under: Real Estate Spin Looking for Boston condo or Boston real estate for sale or rent. Source: Wall Street Journal Blog
 
 
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