Archive for August, 2008

East Boston Condo Market Remains Strong

The East Boston condo market has remained strong this summer. In the past two months, 20 condominiums have sold and another 24 remain under agreement.

The sold units ranged from $129,900 for a bank owned 880 square foot condo with parking on Saratoga Street in Orient Heights to a $385,000 1,438 square foot two level brand new Jeffries Point condo with parking in a red brick modular building.

Among the 24 units currently under agreement, asking prices ranged from $75,900 for a 780 square foot fixer upper on Bennington Street near Central Square to a $399,000 1,364 square foot multi-level penthouse with parking in a traditional Brownstone overlooking Brophy Park / Belmont Square in Jeffries Point.

The average days on market for all 44 condo units was 112 days.

There continues to be no shortage of buyers for East Boston condominiums in excellent condition that have great layouts, access to T stations, and solid associations with strong financial records and a high percentage of owner occupants.

Please check back as we continue to update you on East Boston real estate happenings. To see all our listings, or to search MLS properties, head to the Tony’s Realty Website.

Email Tony with your questions or comments.

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East Boston Continues to be an Attractive Urban Village

Although the nation is experiencing a real estate downturn, East Boston is still in strong demand among future homeowners. It has what buyers want in an urban neighborhood at relatively affordable prices. In recent years, housing near T stations has been selling faster than in suburban areas, and new developments are usually within a few blocks of these stations. Consider our pedestrian friendly Airport T station which has been especially effective in attracting homebuyers to East Boston’s Paris Flats neighborhood.

Other factors keep East Boston’s demand strong. Our crime rates are lower than most Boston neighborhoods, and our green spaces are constantly expanding and improving: Piers Park, the Belle Isle Marsh, the Greenway, the Bremen Street Park all provide recreation, respite and beauty. The steady increase in community gardens brings neighbors together, and a healthy arts scene at 80 Border Street has created a group of concerned and involved residents.

We are fortunate to have a pedestrian friendly village where we can walk to stores and restaurants and see our neighbors. Urban planners talk about developing safe housing close to transportation with green spaces and local businesses nearby. East Boston, especially with its diverse mix of young professionals, growing families, and older lifelong residents, has what urban planners consider ideal.

Please check back as we continue to update you on East Boston real estate happenings. To see all our listings, or to search MLS properties, head to the Tony’s Realty Website.

Email Tony with your questions or comments.

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