Archive for June, 2006


Moving to a new city: own or rent?

If you’re moving to a new city, should you buy a home right away, or rent for awhile?
My friends, it’s an easy choice.
First, though, I’m talking about if you are moving into a city, not near a city. If you are moving into the suburbs, I think you should probably buy, especially if you […]



Should you buy a property? Here’s a real life example to help you decide

Should you invest in buying a home, or put your money into the stock market?
Here’s one reader’s opinion on the subject:
Stocks are still too volatile, IMHO, and if I was to invest in stocks it would be for long term investments. My father is a day trader, but it’s literally a full-time job for […]



Weekly Boston Real Estate Sales and Listings Update, June 24, 2006

The following information is from the local MLS database, as of June 24, 2006.
Total # of condos for sale in the city of Boston: 3295 (-19)
Average # of days on market: 109 (+2)
Lowest priced condo in city of Boston: $112,900, a 428 square foot one bedroom in Dorchester.
Second lowest priced condo in city of […]



Weekly Boston Real Estate Sales and Listings Update, June 17, 2006

The following information is from the local MLS database, as of June 17, 2006.
Total # of condos for sale in the city of Boston: 3314 (+4)
Average # of days on market: 107 (+1)
Lowest priced condo in city of Boston: $112,900, a 428 square foot one bedroom in Dorchester.
Second lowest priced condo in city of […]



First quarter sales activity information available for all Boston neighborhoods

“Fighting” Joe Wolvek, a past co-worker of mine in Coldwell Banker’s South End office, has a great website where, among other things, he breaks down sales data by quarter, for each neighborhood in Boston.
He just (finally) put up data for first quarter, 2006, and beyond, up until May 30, 2006.
The data is very helpful, if […]



Qualifying for a mortgage loan: go to a mortgage broker or bank

From yesterday’s Boston Herald:
Mortgage brokers say consumers often say: “Oh, I’ve already checked my credit score online



Weekly Boston Real Estate Sales and Listings Update, June 10, 2006

The following information is from the local MLS database, as of June 10, 2006.
Total # of condos for sale in the city of Boston: 3310 (-35)
Average # of days on market: 106 (+2)
Lowest priced condo in city of Boston: $112,900 (will someone buy this please? It’s only $700 or so, per month on a […]



Most awesome mortgage calculator, ever!

Shout out to past (and future) client, Scott, from LA, who sent me the link to this great mortgage loan calculator.
Actually, it’s a rent vs. buy calculator.
You punch in the cost of the condo you want, how much you are putting down, estimated closing costs, annual taxes and insurance costs, and condo fees, then estimate […]



Preliminary May sales volume shows steady condo market, in Boston, at least

I just checked out MLS sales data for the month of May, and it shows that sales volume stayed pretty healthy, at least in the city of Boston.
Now, I should caution you. First, this information is from MLS-PIN, our local MLS. Not all condo sales will show up in MLS. Some properties […]



Weekly Boston Real Estate Sales and Listings Update, June 3, 2006

The following information is from the local MLS database, as of June 3, 2006.
Total # of condos for sale in the city of Boston: 3345 (+42)
Average # of days on market: 104 (-1)
Lowest priced condo in city of Boston: $112,900 (-$3,000)
Median price of all condos for sale in the city of Boston: $384,000 (-$5,000)
Highest […]



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