Realtor.com Prediction for 2016….

Well, we certainally hope so!

The Greater Boston real estate market will be one of the best in the country in 2016, according to a new analysis by realtor.com.

In the site’s “Top Real Estate Markets to Watch in 2016,” Boston came in at No. 10, with realtor.com predicting a 10 percent increase in existing-home sales and a 6.09 percent increase in median sales price.

Here is the complete ranking

1.Providence
2. St. Louis
3.San Diego
4.Sacramento
5.Atlanta
6.New Orleans
7.Memphis
8.Charlotte
9.Virginia Beach
10.Boston

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                     Residences at the Ritz-Carlton in Boston

 

All of the housing markets in the top 10, realtor.com noted, see 60 percent more listing page views on its website than average, and homes in the markets sell 16 days faster. The main factors contributing to that demand include growing household formations, a strong job market, low unemployment and large populations for the Millennial, Gen X and Silent generations.

 

250 th Sale and Counting…

Recently, we just completed  our 250th sale at the Ritz-Carlton Residences in Boston. Since 2001, when the North and South Towers first opened with  the newly built condominiums for occupancy,   Atlantic Associates Real Estate has been the leading Boston real estate firm in sales and leasing of these luxury homes.

Now we are pleased to announce the sale of unit 36E at 2 Avery Street in the  South Tower.  Exclusively listed by Kathleen Cook, this stunning 3,246 square foot home was listed at $5,965,000. The sale closed and was recorded on November 14th.

With sale number 251 , we look forward to number 300…

unit 36 E ...stunning luxury home at the Ritz-Carlton Boston

unit 36 E …stunning luxury home at the Ritz-Carlton Boston

Looking Back…The Year End Review…

As 2012 draws to a close it is that time again to look back at the Ritz-Carlton Residences in Boston to check the pulse of the market.  Data has been collected from the Multiple Listing Service.

Looking at the total number of residences sold for 1 Avery Street  (North Tower) and 2 Avery Street (South Tower) there were 28   properties transferred to new owners during 2012 .The North Tower saw 13  homes sold, while across the street at the South Tower  15  homes sold.

The total sales volume was $39,022,805.

North Tower

The average list price was $1,363,168    ($980  per sq ft) and the average sale price was $1,280,600   ($ 860.82 per sq ft)

The average Days on market (DOM) was 158.

*Currently there are 3  listings under agreement with various upcoming anticipated closing dates. There are  6 listing available for sale at 1 Avery Street.

 

South Tower

 The average list price  reflected  an ask of $1,582,000   ($1068 per sqft)  and an average sale price of  $1,491,667 ( $ 1011 per sqft).

The DOM average was 148.

 

* Currently there are  2 properties set to close . The  current inventory of available units show 7 properties available for sale at 2 Avery Street.

 

 2011 vs 2012

In 2011 , the total number of sales for both the North and South Towers was 22.  With a total sales dollar volume of $34,937,496.

The total number of sales increased by 27% in 2012, while the sales dollar volume increased by 11.6% for 2012.

 

 

Of the total  sales for both Towers at the Ritz-Carlton Residences here in Boston , Atlantic Associates Real Estate participated in  9 sales for 2012 with 2 additional sales set to close in January 2013!

Happy New Year!

 

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