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Check out my new listings.....................
430 Marlborough St #1, Back Bay on the market for $999,000
Classic parlor dplx with DEEDED DIRECT ACCESS PARKING, PRIV PATIO & BBQ AREA. Located on prestigious Marlboro St within a few blocks of Newbury St, the esplanade, Fenway & public trans. 100% owner occ bldg. Renovated kit and bath's, high ceilings, central A/C, in unit W/D, 3 wood burning fire pl's, HW fl's, bright large master bedroom with en-suite bath, Guest bed with en suite bath, wired for voice, data and audio/video with abundant outfitted closets & storage thru out. Pet's welcome!
6 Parkway Road #1 Brookline on the market for $459,000
This unit has the WOW Effect!!!Charming bright rarely available large 3 bed (2+ den/office/nursery) unit with a new eat-in kitchen,new bathroom, new windows with a formal dining room featuring hardwood flrs, built-in office area, lots of closets, private storage and rental parking which is conveniently located a few blocks from the D line and the Longwood Medical District, jogging/cycling path and Brookline Village. Pets are OK. W/D in basement. 5 mins to LMA!!!
Longwood Towers #B809
LUXURY BRIGHT SUNNY large 1 bed with top of the line customization. Maple cabinets, Brazilian cherry fl, granite/stainless steel kitchen, marble bathroom, Central A/C,RARE balcony and in-unit washer/dryer (only in a few units) plus large storage and garage space included. Corner views with SW exposure. 24 hr concierge, state of the art gym, biz center with catering kit, lux lobby with WiFi, Valet parking. Across from Longwood Medical and the D train- 4 stops from Copley.Monthly Parking fee $135
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MARKET UPDATE
I wanted to touch base with you to give you my two cents on where we are in the real estate world here in Metro Boston, Brookline, Cambridge and Newton.
(CONTACT ME FOR RELEVANT STATISTIC'S).
As you may have read in the local media, the Boston market is not be as bad as you think. Our current unemployment rate is below the national average, and we have a number of recession proof industries in the city, specifically the medical and biotech industries who are still hiring, thus affecting our housing status quo. No one really knows how things will pan out, but all we can do is use the past to measure the future. I'm not saying that there are not bargains to be had out there. But I want to make sure that you're educated about this, and next year's market.
So here's my two cents. There are two ways of looking at the current situation.
One is the thought process that you maybe having: pulling back, waiting for things to settle, and then jumping in when things start to look up. The problem with this is that 80% of buyers are doing the same thing. So my answer to this is as soon as we hear a few good pieces of news, then you should be ready to jump in before the others who are ill advised wake up!
If you wait too long, you will be in competition for quality property, and thus you will end up paying more for it than if you had gotten in before the rush. Often in a normal market, the early Spring is a great example of this. The savy buyers get in before their buyer competition wakes up in March, causing multiple bids on properties in our area. In our area, March, April and May are prime marketing season due to the number of medical personal that move in to Boston for June 1st, and September 1st is a huge moving date for first time home buyers.
The second school of thought is Warren Buffet's methodology. Buy when no one else is buying! There are sellers who think there are no buyers out there, and they will most likely bargain a bit more than usual- but it depends on their individual financial and life situation. Your hitting up the weaken seller and this is why my buyers now are getting tomorrow's prices today. While if my sellers are pricing their properties competitively with the current market, buyers will respond to the property, due to a lack of inventory in certain price points around the city.
On another note- don't believe all the media. For buyers who have good credit, there is plenty of money in Boston to be lent. Our private banks and larger mortgage companies are still lending with great rates at historical low's.
So I think it's worth getting out there and keeping your finger on the button if you're thinking of jumping into the market, thus you'll be ahead of the pack when the timing is right for you.
Sincerely,
Lexi
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