Boston real estate
Maybe you'd like to sell your Boston condo or home, but lack of funds for needed improvements are standing in the way. What if you could renovate your home now to sell it, and not pay for the renovations until your sale closes?Here's how you can:Gibson-Sotheby's is partnering with Curbio, a pre-sale home improvement company that works in conjunction with your real estate agent (me).The initial stages of Curbio's process are done virtually. The process itself is particularly perfect for the current need for physical distancing.Check out this video, and by all means call me at 617-584-9790 or email me at joe.wolvek@gibsonsir.com for more information! I'd love to help you achieve your real estate goals.
While the median price for a condo in Boston has been rising steadily since 2010, this past year saw a 16.2% riseaccording to a new Boston Globe article. To be fair, a few brand new luxury buildings were responsible for some of that spike. The $1 million-plus and the $2 million-plus niches jumped considerably because virtually all ofthe roughly 420 closings at the uber-luxurious Millennium Tower finalized.My most recent market research shows thatfrom January 1-February 15, 2016 to the same time period this year there was a jump of 15.11% in median prices for Boston condos and single family homes combined. And in the $1 million-plus category, there was a increase in closings of 13.33% over last year in that time frame. In the $2 million-plus category, closingsincreased by 12.5%.While those high-end closings did play a big role, there's another importantfactor that drives prices up low inventory. As of February 15 of this year, Boston condos are back down to a 1.3 month supply (analysts consider a 3 month supply to be a balanced market). After finally cracking a 2 month supply last September, it's been headed back down. We are still seeing historically low inventory.If you'd like to see my exciting charts and graphs illustrating these and other local real estate market trends, 
#BostonCondos #BostonRealEstateYou've heard me say for a couple of years nowthat this is a good time to sell your Boston home or condo. The Supply vs. Demand chart above illustrates justhow low the inventory of Boston homes has been. The year 2011 was more the norm historically. The lack of competition in thelow-inventory market naturally creates an environment that favors sellers.The chart above measures the same month-long time frameof December 15-January 15 from 2010-2015. In 2010, citywide, there were 954condos and single family homes on the market. Since 2010, the number of available residential properties has decreased substantially. You can see from the chart that currently it is the highest it has been since 2012, although it is still less than half what it was then.The fact that inventory is slightly higher now than in the last few years makes ita friendlierenvironmentfor buyers. Thismay helptoalleviate the problemso many frustrated buyers have had with getting shut out of deals.If you've been thinking of selling your Boston condo or home, however, this is still an excellent time. Ithelps ifyourBoston propertyis located desirablyand if itshows well. It is also very important that it ispriced correctlyfrom the start.Whether your propertyis in 