Differences between male and female real estate agents
Oct 2011 14

There’s a lot of information out there, some good, some bad, some just interesting.

This comes in as “interesting”.

Trulia did a study that purports to show a difference in behaviors of male and female real estate agents.

Supposedly, male real estate agents have more listings than female agents, while female real estate agents list their properties for sale at higher prices.

In Massachusetts, they say, there’s a 23% discrepancy between list prices by male and female real estate agents. Meanwhile, the typical male real estate agents has 5% more listings than your average female real estate agent.

The discrepancy in number of listings is interesting for another reason; nationwide (and, presumably, here in Massachusetts), the number of female real estate agents is higher than the number of male real estate agents.

There’s so many factors at work here, so who knows. Perhaps more women than men are working as part-time agents, so they have fewer listings? Maybe sellers are sexist, and prefer listing with men? Maybe men take on more listings than they should – being either greedy or just short-sighted?

Regarding the higher price – that’s list price, not sales price. Which raises the question – do female real estate agents list properties for higher prices and sell at higher prices, or do their listings have to come down by more than the male real estate agents’ properties in order to sell?

High end million-dollar Boston homes for sale
Oct 2011 11

The high-end Boston condominium and single-family homes’ market has remained strong despite this grueling recession.

Using MLSPIN data provided and collected from third-party sources, I see that there were 242 condos and single-family homes sold during the past six months for more than $1 million. Of these, 72 were sold for more than $2 million, and eight for more than $5 million. Four homes sold for more than $8 million. A single-family home at 20 Louisburg Square sold for $11.5 million and a condominium in the Mandarin Oriental at 776 Boylston Street sold for $13.2 million (another sold for $12.2 million).

There are currently 287 homes for sale for more than $1 million. This includes 69 single-family homes and 218 condominiums. Of the 287 homes, 112 are priced at more than $2 million. Twenty-one are listed for more than $5 million. Six are priced at $10 million or more. Currently, there are two single-family homes listed for more than $15 million, This includes a $15.9 million listing at 15 Commonwealth Ave and a $23 million property at 306 Dartmouth Street, the Ames-Webster mansion.

Please contact me for more information on high-end condo and single-family home sales in Boston, to discuss ways in which I can help you as a buyer’s agent, and for advice on listing your high-end home for sale.

Above, 56 Beacon Street, listed at $12,500,000. Jeannemarie Conley of Otis & Ahearn is the listing agent.

Back Bay Boston Open Houses for Sunday, October 9, 2011
Oct 2011 07

A complete list of all single-family and condominium homes with open houses scheduled for the weekend of October 9, 2011.

Please contact me for complete details and to set up private showings.

MLS # Address Description List Price Time/Date
71216431 367 Beacon St 12 room, 5 bed, 4.5 bath Victorian $3,950,000 Oct 9 2:00 PM to 3:30 PM
71296612 184 Commonwealth Ave U:10 4 room, 2 bed, 2 bath Mid-Rise $699,000 Oct 9 12:00 PM to 1:30 PM
71296359 327 Commonwealth Ave. U:3 5 room, 2 bed, 2 bath Townhouse $1,190,000 Oct 9 12:00 PM to 1:30 PM
71295795 343 Commonwealth Ave U:A 4 room, 1 bed, 1 bath Rowhouse $357,700 Oct 9 12:00 PM to 1:00 PM
71295099 285 Columbus Avenue U:801 3 room, 1 bed, 1 bath Mid-Rise $695,000 Oct 9 12:00 PM to 2:00 PM
71293302 6 Arlington St U:2M 6 room, 2 bed, 2 bath Mid-Rise $2,100,000 Oct 9 12:00 PM to 1:30 PM
71293405 483 Beacon St U:35 3 room, 2 bed, 1 bath Mid-Rise $449,000 Oct 9 12:00 PM to 1:00 PM
71293455 483 Beacon St U:11 5 room, 2 bed, 1.5 bath Mid-Rise $629,000 Oct 9 12:00 PM to 1:00 PM
71293606 180 Commonwealth U:B 3 room, 2 bed, 1 bath Mid-Rise $539,000 Oct 9 11:00 AM to 12:00 PM
71293707 407 Marlborough St U:3A 3 room, 1 bed, 1 bath Rowhouse $495,000 Oct 9 12:00 PM to 1:00 PM
71292461 280 Beacon Street U:71 6 room, 3 bed, 3 bath Mid-Rise $1,399,000 Oct 9 12:00 PM to 2:00 PM
71290409 34 Commonwealth Avenue U:3 3 room, 1 bed, 1 bath Townhouse $824,000 Oct 9 1:30 PM to 2:30 PM
71287742 352 Commonwealth Avenue U:2 4 room, 2 bed, 2.5 bath Townhouse $879,000 Oct 9 12:30 PM to 2:00 PM
71287282 8 Gloucester St U:11 5 room, 2 bed, 2 bath Mid-Rise $900,000 Oct 9 12:00 PM to 1:00 PM
71286473 311 Commonwealth Ave U:41 5 room, 2 bed, 1.5 bath Mid-Rise $749,000 Oct 9 12:30 PM to 2:00 PM
71284322 127 Marlborough Street U:2 4 room, 2 bed, 1.5 bath Brownstone $959,000 Oct 9 12:30 PM to 1:30 PM
71283677 293-295 Commonwealth Avenue U:1C 4 room, 2 bed, 1 bath Rowhouse $499,000 Oct 9 1:30 PM to 2:30 PM
71283344 146 Marlborough St U:5 3 room, 1 bed, 1 bath Brownstone $495,000 Oct 9 11:30 AM to 1:00 PM
71283601 133-135 Marlborough St. U:12 4 room, 1 bed, 1 bath Mid-Rise $539,000 Oct 9 11:30 AM to 1:00 PM
71278281 14 Follen St U:1 3 room, 2 bed, 1.5 bath Rowhouse $849,000 Oct 9 1:30 PM to 2:30 PM
71274023 464-466 Commonwealth Ave. U:PH91 3 room, 1 bed, 1 bath Mid-Rise $449,000 Oct 9 1:00 PM to 2:00 PM
71267555 106 Marlborough St U:6 4 room, 2 bed, 1 bath Townhouse $649,000 Oct 9 1:00 PM to 2:00 PM
71264529 80 Marlborough Street U:8 3 room, 1 bed, 1 bath Rowhouse $725,000 Oct 8 2:00 PM to 3:00 PM
71261378 40 Saint Botolph St U:24 4 room, 1 bed, 1 bath Rowhouse $414,000 Oct 9 2:00 PM to 3:00 PM
71255222 416 Marlborough U:501 4 room, 2 bed, 2 bath Mid-Rise $669,000 Oct 9 12:30 PM to 2:00 PM
71249234 295-297 Beacon St U:2 7 room, 3 bed, 2.5 bath Mid-Rise $1,099,000 Oct 9 1:00 PM to 2:00 PM
71249286 271 Dartmouth St U:2K 2 room, 1 bed, 1 bath Mid-Rise $349,000 Oct 9 2:00 PM to 3:00 PM
71246875 285 Beacon Street U:3A 6 room, 3 bed, 2 bath Rowhouse $999,000 Oct 9 11:30 AM to 12:30 PM
71245985 280 Commonwealth Ave U:108 4 room, 2 bed, 1 bath Brownstone $679,000 Oct 9 11:30 AM to 1:30 PM
71239403 413 Beacon Street U:5 4 room, 1 bed, 1 bath Rowhouse $485,000 Oct 9 1:30 PM to 3:00 PM
71240924 33 Bay State Road U:5 4 room, 2 bed, 1 bath Brownstone $549,000 Oct 9 1:30 PM to 2:30 PM
71241126 416 Marlborough U:505 3 room, 1 bed, 1 bath Mid-Rise $495,000 Oct 9 12:30 PM to 2:00 PM
71274483 24 Marlborough Street U:5 4 room, 2 bed, 1.5 bath Mid-Rise $809,000 Oct 9 12:00 PM to 1:00 PM
71232460 274 Beacon St U:1E 5 room, 2 bed, 2 bath Brownstone $865,000 Oct 9 12:00 PM to 1:30 PM
71230031 10 Cumberland Street U:4 5 room, 2 bed, 2 bath Brownstone $774,900 Oct 9 12:00 PM to 1:30 PM
71231376 327 Beacon U:1 4 room, 2 bed, 2.5 bath Townhouse $995,000 Oct 9 12:00 PM to 2:30 PM
71230491 133 Marlborough St U:10 3 room, 1 bed, 1 bath Mid-Rise $499,900 Oct 9 11:30 AM to 2:00 PM
71231065 313 Commonwealth Ave U:3 7 room, 3 bed, 2.5 bath Rowhouse $4,200,000 Oct 9 11:00 AM to 12:00 PM
71226293 313 Commonwealth Ave U:1 7 room, 3 bed, 3.5 bath Rowhouse $2,875,000 Oct 9 11:00 AM to 12:00 PM
71215457 146 Marlborough Street U:7 3 room, 1 bed, 1 bath Brownstone $493,000 Oct 9 11:30 AM to 12:30 PM
71214960 228-230 Beacon U:B6 4 room, 1 bed, 1 bath Townhouse $799,000 Oct 9 1:30 PM to 2:30 PM
71296985 416 Marlborough St U:702 4 room, 2 bed, 2 bath Mid-Rise $640,000 Oct 9 12:00 PM to 2:00 PM
71059793 45 Commonwealth Avenue U:3 8 room, 3 bed, 3.5 bath Brownstone $4,450,000 Oct 9 12:00 PM to 1:00 PM
70997544 285 Columbus Avenue U:208 4 room, 2 bed, 2 bath Mid-Rise $874,000 Oct 9 1:00 PM to 2:00 PM
70989911 286 marlborough U:3 8 room, 3 bed, 2 bath Townhouse $899,000 Oct 9 1:45 PM to 3:00 PM

Above, 327 Commonwealth Ave #3, Back Bay, Boston, Massachusetts. Tracey Smith of Coldwell Banker Residential Brokerage is the listing agent.

DNA Lofts auction leads to healthy sales, few remain
Oct 2011 07

The DNA Lofts is a condominium project on Dorchester Ave in Dorchester.

The developer was only able to sell 15 of its 57 units during the past several years so he decided to hold an auction, which took place last night.

According to a Banker & Tradesman article, 15 of the 28 units that went up for auction were sold. The developer stopped the auction when bids started dropping after the first couple of units were sold (for more than 60% of final auction list prices).

According to B&T, six units were sold post-auction.

The remaining units, which I estimate to be 21 units left for sale, will be listed the traditional way.

For information on individual unit sales prices and for private tours of the DNA Lofts, please contact me.

Boston condos being bought with cash
Oct 2011 05

Jenifer McKim and Rona Fischman at the Boston Globe report on a recent phenomenon.

Generally, about ten percent of real estate transactions are paid with cash. This year, the average in Massachusetts for the first three quarters is forty percent. It is this change that piqued the interest of both the Boston Globe and WBUR.

And, further, WBUR’s Curt Nickisch says:

In some Massachusetts communities, more than half of home sales this year are have been paid with cold hard cash. Those communities include Provincetown, New Bedford and Cambridge.

Many people looking to purchase homes right now are doing so for specific reasons: they have an immediate need to own real estate – either because of a life change or because they need an investment. In Boston, many low-priced condos are purchased by parents for their children to live in while at college. This continues in good economic times as well as bad. As an investment, many people see less risk in real estate than in the stock and bond markets, if their plans are long-term.

Finally, many people buying these days are looking for second (and third) homes. Again, this happens in any economic climate. Percentage-wise, if not in raw numbers, it’s probably gone up, as the overall market sales volume has gone down by as much as 30% in some neighborhoods of Boston and in some cities and towns across the Commonwealth.

While tight credit guidelines might seem to be the reason, my guess is that this isn’t the overwhelming cause of cash buyers.

If you asked someone why he/she bought with cash, he/she would probably reply, “Because I could.”

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