Boston Sellers Market

Sold! Back Bay Boston 2 Bed 2 Bath Condo $1,300,000

My prime Back Bay 2 bed 2 bath condo in the first block of Commonwealth Avenue has sold at $100,000 over the asking price! Situated in an immaculately maintained brownstone, this superbly renovated home features classic Back Bay elements while also offering modern amenities.

See more photos and details for 34 Commonwealth Avenue, #3.

Results like this are not a given in any market. It takes experienced sales representation, quality professional showings, the highest quality marketing, and expert transaction management.

If youre planning to sell your Boston area home or condo, take advantage of the widest possible exposure for your property to the most highly qualified clientele in the world. As Associate Director of Sales, a longtime South End resident, and a 29+ year sales associate, I combine my local expertise with the powerful global marketing resources of Sothebys International Realty.

You can view my recent sales and listings here.

If you have questions about buying or selling Boston real estate, please call me at  617-584-9790 or email joe.wolvek@gibsonsir.com.

Sold! South End Boston 1 Bed Condo

My DND AFFORDABLE 1 bed South End condo in a 2007 professionally managed elevator building has sold at more than 98% of the asking price! It has floor to ceiling windows and recessed lighting thru-out. The open living/dining/kitchen area and the bedroom overlook the garden/patio. This pet-friendly building is ideally located near South End restaurants and the Whole Foods Market, as well as Boston/BU Medical, the Mass Pike, I-93, and the airport.

This unit was subject to DND buyer eligibility approval, meaning to first time buyers only, and with income restrictions and occupancy requirements that are very strictly enforced.

See more photos and details for 700 Harrison Avenue, #216.

Results like this are not a given in any market. It takes experienced sales representation, quality professional showings, the highest quality marketing, and expert transaction management.

If youre planning to sell your Boston area home or condo, take advantage of the widest possible exposure for your property to the most highly qualified clientele in the world. As Associate Director of Sales, a longtime South End resident, and a 29+ year sales associate, I combine my local expertise with the powerful global marketing resources of Sothebys International Realty.

You can view my recent sales and listings here.

If you have questions about buying or selling Boston real estate, please call me at  617-584-9790 or email joe.wolvek@gibsonsir.com.

Boston Condo Median Prices Still Moving Upwards

Boston median condo pricesWhile 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, here they are.Read the Boston Globe's Condo Sales Hit Lofty Heights Last Year in Boston.If you've been thinking about putting your Boston condo or home on the market, it's still a good time.If a property is priced correctly, shows well, and is well-located, it can go under agreement quickly. As always, no matter what the market is like,its still important to price it right from the start.Believe it or not, the Boston real estate spring market is already heating up. If you're considering selling your property and have questions, please feel free to get in touch.I have helped people buyhomes and condominiums in Boston and its suburbs for 25years.I have developed anextensive knowledge of the city, neighborhoods, buildings, people, and the many issues involved in the local real estate market. I would love to hear from you. Boston real estate 

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