Curbed Boston is reporting that they have it on good authority that the 26,000-square-foot, 50-room Ames-Webster Mansion at 306 Dartmouth Street in our beautiful city sold for $14,500,000 and closed on march 15th. This makes it the priciest private-home trade in the modern history of Boston real estate.
Saudi businessman Fahad Al-Athel, is the new owner and he and his family will make it their residence.
Good news right here for Boston Real Estate. 15-story luxury condo The Millennium Place is now 51 percent sold. Sales opened for the 130 Condos last October while still being constructed. Fifty one percent at this point is a number to celebrate for the developers Millennium Partners.
Its units range in price from from $750,000 to $3.5 million.
According to The Daily Free Press, a free newspaper at Boston University, the demand for Boston condos and apartments is up and the best tine to buy is now. As an example of this They mention the numerous newly renovated sites in the South End, Back Bay and Beacon Hill, just to name of few neighborhoods.
So what does all this mean to the local economy. It means Job, Jobs, Jobs. In fact there were 3600 jobs created in 2012 in the greater Boston area. And more to come as more units are constructed or renovated to meet the demands of the Boston real estate market.
There are beautiful condominiums for sale in Newton. Newton is one of our beautiful high end suburbs, just about a 45 minute easy commute from Downtown Boston.
This is a great family community, in fact the thirteen villages that comprise Newton are built around elementary schools. This makes it easy for children to walk to their school along lush tree lined streets and lanes.
Boston has been named #4 of the top 20 of Americas 20 best cities. The city with its almost 620,000 residents has made big strides in the last few years with its neighborhood renovations, new development construction and record breaking Boston condo and town home real estate sales. For sure old beantown has anything anybody would want in the way of conveniences and amenities. Boston seems like a normal college town but it has more than just colleges and universities. It has a proud history, night life, bars, cultural center, museums, world class shopping and 22 universities. The city boasts over 2000 fine restaurants, 54 libraries, 136 bars, 51 museums,3 professional sports teams, and has been able to keep the unemployment rate at around 6.6%. Way to go Boston. Thanks to the forward looking city fathers who have worked hard with local developers and builders to get the different areas cleaned up and presentable.
Now is the time to buy that dream home of yours. Interest rates are still low, but many experts expect rates to start a slow upward trend very soon.
Properties are still priced fairly low, or much lower than they were at the peak of the real estate boom several years back. This also allows buyers to be able to purchase a higher value home or Boston Condo while the prices are still low. There is less gap between renting now and buying due to rising rents and lower real estate prices. Buying has additional benefits over renting like tax deductions for loan interest, property taxes, and other expenses that can be written off. See your Boston Realtor and talk to him/her and get their opinion on the subject. Now is the time to start looking and also the time to get that pre-approval letter from a lender so you are ready to go as soon as you find the right deal.
All across the country, town home construction is on the rise and sales are booming. In some cities like Boston, MA, Boston condos and Boston town homes are setting sales records. Builders are responding to the new found popularity with town home construction matching the highs following the great recession period.
The prospects are positive given the larger numbers of home buyers looking for medium density environments that are close to amenities like shopping, entertainment, dining, etc. and are within walking distance.