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Boston Condo Market

Boston Lofts in Dice Rolling Distance of Upcoming Wynn Casino in Everett

Ok, we all know it's official: Boston is getting it's first casino in Everett (a stone's throw from Charlestown's Sullivan Square), to be built by Wynn Resorts along the banks of the Mystic River. Wynn's proposal to build a $1.6 billion Everett resort was chosen by a 3-1 vote by the state Gaming Commission, in September, edging Mohegan Sun's bid to bring a casino to Suffolk Downs. And wouldn't you know it - prices of homes are increasing in the area, as is the desire to purchase in and around Everett.

The three neighborhoods closest to the area that boast loft-style homes are Chelsea, East Boston, and (of course), Everett itself.

Everett's Charleston Chew Lofts have been the premier loft building to buy or rent in over the past 10 years. True brick and beam style, with unique floor plans and factory sized windows, a diamond in the rough along Rt 99.

New to Market at Charleston Chew Lofts: Unit 404 2 Levels / 1 Bedroom / 2 Baths $489,900 CLICK HERE MORE INFO www.CharlestonChewLofts.com

Charleston Chew Lofts

2 Levels of Brick and Beam Beauty - Unit 404 at Charleston Chew Lofts, Everett MA

 

 

 

 

 

 

 

 

 

 

 

Chelsea's Spencer Lofts are just a few minutes from both Everett and Downtown Boston. Also featuring brick and beam style and modern features, the 100 units here range from one level 600 SF studios, to two level 1800 SF 3 bedrooms.

New to Market at Spencer Lofts: Unit 212 1 Level / 1 Bedroom / 1 Bath $315,000 CLICK HERE MORE INFO

Spencer Lofts unit 212

Unit 212 at Spencer Lofts: HUGE windows, fully renovated with custom build outs takes advantage of the open space.

 

 

 

 

 

 

 

 

 

 

 

 

Porter 156 is in East Boston, however, very close to Everett and the upcoming Wynn Casino. Located on the airport's Blue Line, a minute from 93 / Sumner Tunnel / Massachusetts Turnpike, this is a commuter's dream loft. Oh, and there's the cool, factory style units with Massport windows, multi-levels and parking!

New to Market at Porter 156 Lofts: Unit 202 2 Levels / 1 Bedroom / 1 Bath $389,000 CLICK HERE MORE INFO www.Porter156Loft.com

Porter 156 Loft 202

2 Levels & Modern Finishes at unit 202, Porter 156 Lofts in East Boston

 

 

 

 

 

 

 

 

 

 

For More information regarding Boston Area Lofts for Sale or Rent, contact:

Paul Santucci, Director of Boston Lofts, 617.694.0004

Boston's Millennium Tower is Next Level of Luxury Living

2016 will see the evolution of luxury living in the heart of Boston with the arrival of Millennium Tower Boston.

The shimmering glass sculpture in the sky will boast 442 residences with unprecedented views from 685 Feet above the Boston skyline.

Ranging from one to three bedroom homes, and from 759 to 12,846 square feet, Millennium Tower Boston is divided into three vertical residences: City Residences, Grand Residences and Penthouses. Each home is a masterpiece of luxury & contemporary concepts, from bespoke style Poggenpohl kitchens to Travertine baths, wide-plank flooring to 10' ceiling heights.

Beyond these epic residences, Millennium Tower Boston will exceed expectations for the building's amenities. A 24-hour concierge, contemporary lounge & game rooms, glass enclosed pool & top-of-the-line fitness center, and the premier Millennium Partners exceptional social experience La Vie® will complete this neighborhood in the clouds.

THE CLUB A 23,000 Square Foot amenity for residents, the Club will feature concierge services, a pool, spa, the largest resident-only fitness center in Boston, lounge, parlor, library, children's room, function room & game room.
LA VIE ® Exclusive social network for residents that connects Millennium Tower Boston to the community and beyond. Created by Millennium Partners, residents will have a calendar full of inspired cultural and lifestyle events from fireside chats, to wine tastings, to VIP theatre experiences, fitness programs, food tastings, and excursions in and beyond Boston.
MINA AT THE TOWER A one of a kind partnership with Chef Michael Mina at Millennium Tower San Francisco has been expanded to Millennium Tower Boston, as this James Beard Award Winning Chef will deliver incredible dining: Mina at The Tower, exclusively for residents and their guests. Bold cuisine and private services will be part of the perfect signature dining experience.
THE RESIDENCES
Here's a quick selection of the available residences:

UNIT 2107 1366 sq ft 2 Bed 2.5 Bath Northeast Price $1,665,000  Condo fee $1274

UNIT 4101 1589 sq ft 2 Bed 2.5 Bath Southwest facing residence with views of the Back Bay Skyline extending past the Charles River Price $2,950,000  Condo fee $1714

UNIT 4905 2196 sq ft 3 Bed 3.5 Bath NE/East/SE corner with views of financial district and the seaport Price $3,950,000  Condo fee $2379 *2 parking

UNIT 4602 3172 sq ft 3 Bed 4.5 Bath SW corner with views of the Back Bay, Boston Common and Charles River Price $6,675,000  Condo fee $3508 *2 parking

WEBSITE: www.Boston-MillenniumTower.com

For a private tour or Millennium Tower Boston, and access to more floorplans and detailed information, contact Paul Santucci, Advisors Living / Luxury Sales via EMAIL or phone 617.694.0004

Millennium Tower Boston

Boston's Newest Luxury Residences at Millennium Tower

South End Lofts Sales - Prices Jumped to $700 Per Square Foot in 2014

Here's the Market Snapshot for Lofts Sold in the South End, Boston 2012 - 2014, in comparison to the entire Boston Loft's Market. The average price per foot in the South End for Loft Sales jumped from $554 in 2012 to $696 in 2014:

2014 LOFT SALES

South End: Number of Lofts Sold: 65 Average List Price: $735,806 Average Sale Price: $731,717 Average Days on Market: 41 Average Price Per Square Foot: $696 Most Expensive Loft SOLD: $2,700,000 Least Expensive Loft SOLD: $235,000

Boston (includes all neighborhoods): Number of Lofts Sold: 320 Average List Price: $673,104 Average Sale Price: $665,753 Average Days on Market: 49 Average Price Per Square Foot: $559 Most Expensive Loft SOLD: $5,200,000 Least Expensive Loft SOLD: $194,000

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2013 LOFT SALES

South End: Number of Lofts Sold: 80 Average List Price: $672,674 Average Sale Price: $670,405 Average Days on Market: 35 Average Price Per Square Foot: $622 Most Expensive Loft SOLD: $1,653,000 Least Expensive Loft SOLD: $195,000

Boston (includes all neighborhoods): Number of Lofts Sold: 359 Average List Price: $618,741 Average Sale Price: $609,613 Average Days on Market: 46 Average Price Per Square Foot: $538 Most Expensive Loft SOLD: $4,150,000 Least Expensive Loft SOLD: $186,000

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2012 LOFT SALES

South End: Number of Lofts Sold: 67 Average List Price: $655,573 Average Sale Price: $643,267 Average Days on Market: 85 Average Price Per Square Foot: $554 Most Expensive Loft SOLD: $2,495,500 Least Expensive Loft SOLD: $165,000

Boston (includes all neighborhoods): Number of Lofts Sold: 350 Average List Price: $580,297 Average Sale Price: $561,326 Average Days on Market: 93 Average Price Per Square Foot: $480 Most Expensive Loft SOLD: $2,560,000 Least Expensive Loft SOLD: $105,000

For More Information on Lofts in the South End, contact: Paul Santucci: paul@bostonlofts.com, 617-694-0004 www.SouthEndLoft.com

*All information gathered from MLS

Fay Street South End Loft

Current Loft for Sale at 40 Fay St, South End, Boston - $585,000

Which Loft Sells First? 2 New Luxury Boston Lofts at 36 A St

Two almost mirror image luxury lofts at 36 A St in South Boston / Seaport are on the market this week. Constructed in 2006, 36 A is a boutique loft building at the cusp of West Broadway in South Boston, the perfect location for a quick hop to Boston's Seaport District and Fort Point Channel, but a commuter's dream too. Featuring amenities such as heated garage parking, common and private roof deck with panoramic Boston views, this is luxury at great price. The units were delivered with floor to ceiling windows (albeit on one side of the lofts, unless you bought a corner unit, then it's two sides!), high-end fits and finishes in the kitchens and baths. And one of my favorite features - EIGHT foot doors!

The Two Lofts on the Market (2C and 5C, so in the same "stack"):

  • 1370 Square Feet
  • 2 Bedrooms
  • 2 Full Baths
  • Garage Parking
  • Condo Fees: $580
  • Acid Stained Concrete Floors
  • Pet Friendly
  • BOTH priced at $849,000
For more information and private showing of both units at 36 A Street, contact Paul Santucci 617-694-0004 or paul@bostonlofts.com

36 A St South Boston Loft

Open Concept Living and Dining Room at 36 A Street's Luxury Lofts

 

 

 

 

 

 

 

 

 

HUGE Island, high end appliances and massive amounts of space to spread out here at the 36 A Street Lofts' Kitchen

 

 

 

 

 

 

 

 

 

Gorgeous Spa-like Baths at 36 A Street Lofts in South Boston

 

 

Waiting for the Spring to List vs Listing your Home Now!

This time of year - WINTER - two of the most frequently asked questions I get from both buyers and sellers in the Boston area is in the same ballpark: From buyers: "Do you think that they'll be more condos to choose from in the spring and do you think it's better to buy now / are prices lower now?" and from sellers: "Do you think I should list now or wait until the spring?". My first instinct in answering this question is, of course, to understand the client's needs as each situation is different: does one need to buy or sell immediately due to relocation or other factors? If that motivation is not that clear and their timing can be flexible the best answer is to look at the data (fun, right?).

I thought about this as it pertains to my market, which is Boston's Seaport District, South End and Leather District. (Off the top of my head, I would believe that in the 'burbs, springtime is the right time to sell as you need to factor in the rush to get that buyer's closing early enough for getting into a school district for September, but not too early as to have your home / driveway / lawn covered in snow to make the curb appeal a little less polished. Once again, this suburban homes theory just a theory - but maybe a blog for another day! ). In terms of the Boston condo market , school districts don't come into account, and buyers moving here for jobs or other reasons is a 365 day a year flurry of activity. So, one would think that whether the sun is shining or there's a few inches of snow on the street, the market is moving. So, Boston condo sellers would still get market value and buyers would have inventory to choose from right? Here's the funny thing: the data (according to MLS), says otherwise.

The data below reflects three year's samples. 2012, 2013 & 2014. What I wanted to see was if Price Per Square Foot Listed, Price Per Square Foot Sold, Days on Market and Days Until Offer were different from two timeframes: January 1 to March 31st compared to April 1st to June 31st. (Once again this is all condo sales in the South End, Seaport District & Leather District ONLY.)

Here's the breakdown: 2012 Jan 1 - March 31st 2012

Avg Days on Market 122 Avg Days to Offer 87 Avg List $603 Avg Sale $585

April  1 - June  30 2012

Avg Days on Market 74 Avg Days to Offer 46 Avg List $622 Avg Sale $612

2013 Jan 1 - March 31st 2013

Avg Days on Market 43 Avg Days to Offer 31 Avg List $662 Avg Sale $658

April 1 - June 30 2013

Avg Days on Market 33 Avg Days to Offer 22 Avg List $673 Avg Sale $679

 2014 Jan 1 - March 31st 2014

Avg Days on Market 49 Avg Days to Offer 31 Avg List $681 Avg Sale $680

April 1 - June 30 2014

Avg Days on Market 33 Avg Days to Offer 22 Avg List $673 Avg Sale $679

As we can see  in ALL three years, SALE PRICES WENT UP & DAYS ON MARKET / DAYS TO OFFER WENT DOWN in those three months!

So buyers - scrape off those windshields and buy now! Sellers....maybe it's better to wait until after the St Patrick's Day hangover goes away to list?

for more information regarding the Boston Loft & Condo Market, you can reach me at: paul@bostonlofts.com, 617-694-0004

Save a little $ by buying your loft in the winter? Treat yourself to a fireplace!