Sold in less than a week at asking! Beautiful views await you from every room in this bright and airy 855 SF 2 bedroom penthouse in a coveted South End-Eight Streets location. Open concept floor plan is accentuated by gleaming hardwood floors, exposed brick, vaulted ceilings, and a wall of windows overlooking charming Ringgold Park. Serene, recently redone private roof deck, accessed by interior stairs, has breathtaking 360 degree views of the city. Gourmet kitchen features Jenn-Air stainless steel appliances, two ovens/microwave, granite counters, d/d, skylight, and breakfast bar. Handsome bathroom has tub/shower with tile surround, marble vanity, and washer and dryer. Abundant in-unit storage in addition to private basement storage, and common back patio complete this move-in ready home. Come live in the heart of the city with all of the South End's best shopping and restaurants right at your fingertips! Sadly, no pets are allowed.
See more photos, details for 5 Hanson Street, #5.If you have questions about this lovely South End home, or how I can help you get similar results on your own home, please call me at 617-584-9790, or send me an email via the link below.




Mywell-located 686 square foot Back Bay/South End 2 bed condo listingat 11 Follen Street, #1went for asking price at $649,000.Situated on quiet, tree-lined Follen Street abutting the Southwest Corridor Park, this home is close to both Copley and the Pru, as well as the best shopping and restaurants in the Back Bay and South End.
The most important decision you make when listing your Boston condo or home for sale is how to price it.Even in this sellers' market, overpricing your property has serious consequences.To understand how best to price a residential property, I find relevant homes and condos that have sold, are pending, or are available. These properties being studied are known as comparables.While I analyze similarities or differences in neighborhood, square footage, number of bedrooms and bathrooms, and more, this process also considers the type of building a unit is located in, its placement within the building, renovations that have been done, how much light there is, how high the ceilings are, what parking options there are, how the local real estate market is currently behaving, and more.Your home will attract the most motivated buyers as soon as it goes on market. If its priced too high, you will not get those serious buyers in tosee it. If you don't get those folks in, that's a serious problem.I have been making these analyses for more than two decades. Whether your property is located in Bostons
There are some sure signs ofthe arrival of Spring in Boston: The return of the swans to the Public Garden; the Boston Flower & Garden Show; the running of the Boston Marathon; and of course opening day at Fenway Park. While none of those things have happened quite yet, there's one spring activity that's already warming up theBostoncondo market.Transitioning out of the winter season, moreproperties are starting to come on the market. We still expect to see the historically low inventory we've been seeing the last several years, however. I know I've been saying this for a few years, butit's still true:If you've been thinking of selling your Boston condo or home, this is still a good time to sell. We don't know how long mortgage rates willstay where they are (they have been slowly creeping upwards), but for now there is still pent-up demand for Boston properties.The"Supply & Demand" graph above illustrates the number of Boston residences that have gone under agreement for purchase in the 30 day period ending March 15, 2017. It also shows how many listings were available at the end of that same period. As you can see from the graph, a new phase of low supply began in 2013 and it has remained low every year since then. Only now are we seeing a slight incline back up to 2013 supply numbers.When we compare the amount of properties under agreement against the number available, we get what is known as an absorption rate. The rate is seen in months of supply, with most analysts considering a balanced market to be a three month supply. We currently have about 1.27 months supply citywide. When the supply is lower than balanced, we see upward pressure on prices.Even under the best sellers' market conditions,its still very important to price your homeright from the start. My goal when listing a home is to capitalize on the motivation of serious buyers, and those are the buyers who will visit the listing within the first couple of weeks it is on market.I refer to pricing your Boston home correctly asone of
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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,
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#BostonRealEstate #BostonCondosHere's information that couldinterest you if you're thinking of selling your Boston condo or home. This graph illustrates the number of Boston residential units that have gone under agreement for purchase in the 30 day period ending April 15, 2016. It also shows how many listings were available at the end of that same period. In 2013, a new phase of low supply began and it has remained low every year since then.When we compare the amount of properties under agreement against the number available, we get what is known as an "absorption" rate. The rate is seen in months of supply, with most analysts considering a balanced market to be a three month supply. We currently have about 1.02 months supply. When the supply is lower than balanced, upward pressure is placed on the prices.Witha bitmore inventory than last year at this time (1.02 months supply versus last April's .96 month supply), there's slightlyless competition for buyers. That said, it's still a great market for sellers in Boston. If a property is priced correctly, shows well, and is well-located, it can go under agreement very quickly.I like to stress that, if you plan to sell your Boston condo or home even when demand is high, it's still very important to price it right from the start. My goal when listing a home is to capitalize on the motivation of serious buyers, and those are the buyers who will visit the listing within the first couple of weeks it is on market.You want to make sure you'll get them through your front door.I refer to pricing your Boston home correctly asone of
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