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Campion & Company News

Campion & Company Market Report: 3Q 2017

JUST RELEASED!

Q3 2017 Condominium Sales Reports for Metro Boston (Back Bay, Beacon Hill, Fenway, Midtown, North End, Seaport, South End, Waterfront and West End) 

Campion and Company, The Premier Luxury Boston Real Estate Brokerage consistently delivers the most comprehensive and objective market research and insights available.

Download the 3Q - Boston Market Report Here

Campion & Company Market Report: 3Q 2016

JUST RELEASED!

Q3 2016 Condominium Sales Reports for Metro Boston (Back Bay, Beacon Hill, Fenway, Midtown, North End, Seaport, South End, Waterfront and West End) 

Campion and Company, The Premier Luxury Boston Real Estate Brokerage consistently delivers the most comprehensive and objective market research and insights available.

Key highlights:

  • As anticipated, Millennium Tower closings have had a significant effect on Metro Boston's 3rd Quarter and year-to-date sales. Nearly 90% of the Millennium Tower residences have hit public record, averaging over $1,400 per square foot.
    • Including Millennium Tower: Both average and median sales prices in Boston's urban core rose nearly 50% above their year-ago levels.
    • Excluding Millennium Tower: Average and median sales prices were up 14% and 12%, respectively.
  • Millennium Tower is just one example of a new building completion that has helped push the number of Metro Boston sales up over 50% over the previous year. Excluding just the Tower, however, sales volume in Boston's core urban market is down 6%, due to factors such as ongoing inventory constraints and general uncertainty of an election year.
  • Even with election year slow-downs, a robust seller's market continues, particularly for properties priced below $3M.
  • On average, properties sold between $1M & $2M trade for 99.4% of list price.
  • Luxury properties sold above $3M trade for 93% of list price.

Download the 3Q - Boston Market Report Here

 

Spectacular Sales: Back Bay Townhouse

An Elegant Home from Top to Bottom

Boston Homes feature by Marilyn Jackson

When the developers purchased the Back Bay townhouse at 197 Marlborough St. in April 2015, they planned to convert the lodging house to two luxurious condominiums.

However, those plans changed about seven months ago when a buyer decided it would be an ideal single-family home that would reflect understated elegance. The $12,000,000 purchase was completed Sept. 9.

Bill Gehan of Campion and Company Real Estate was the listing broker for this property, and Tracy Campion, who heads the firm, was the selling broker.


Read more: Custom-designed Boston townhouse is top single-family sale

Download a PDF 

 

 

Tracy Campion Ranked Among Top 10 Real Estate Sales Professionals in the Country

Tracy Campion of Campion and Company Named One of America's Top Real Estate Professionals By Real Trends in Conjunction with THE WALL STREET JOURNAL

Campion Had an Impressive $306,131,650 in Boston sales to earn her the #10 ranking in the nation.

For the fourth year in a row, Tracy Campion of Campion and Company was named one of America's top real estate professionals by REAL Trends in conjunction with The Wall Street Journal. She is a member of the "The Thousand Top Real Estate Professionals," a prestigious national awards ranking sponsored annually by the two respected publications. Campion is now ranked in the top one-half of 1 percent of the more than 1.1 million licensed REALTORS® nationwide.

The Thousand real estate professionals was announced with four separate categories honoring the top 250 residential agents and agent teams for excellence in:

  • Individual Agent--Sales Volume
  • Individual Agent--Transaction Sides (in each real estate transaction, there are two sides that can be represented by a real estate agent: a buyer's and a seller's.)
  • Agent Team--Sales volume
  • Agent Team--Transaction Sides

Click here to view Tracy Campion's ranking!

Campion and Company Market Report: 2Q 2016

JUST RELEASED!

Q2 2016 Condominium Sales Reports for Metro Boston (Back Bay, Beacon Hill, Fenway, Midtown, North End, Seaport, South End, Waterfront and West End) 

Campion and Company, The Premier Luxury Boston Real Estate Brokerage consistently delivers the most comprehensive and objective market research and insights available.

Key highlights:

  • Median sales price this quarter rose 6.5% above its year ago level to reach its second highest in history.
  • Average price per square foot increased 5.7% over last year, and 3.1% over this year’s first quarter.
  • The numbers of sales is up slightly as inventory levels surpass those of 2015.
  • South End has the highest transaction volume, followed by Back Bay & Midtown.
  • Properties sold between $1M & $2M are trading for 99.6% of list price.
  • Properties sold above $3M are trading for 93% of list price.
  • The overwhelming draw in the market now is toward newer buildings offering one-floor living, elevator access & garage parking. 

Download the 2Q - Boston Market Report Here.

Back Bay Condo Sets New Sales Record

At $15.4 million dollars, a Back Bay condo has just set a new price record in Boston.

 

The property, located at The Heritage on the Garden, features over 5,000 square feet and direct views into Boston's Public Garden. Tracy Campion, the buyer’s broker, confirmed the sale with Boston.com and said it is in an “outstanding building overlooking the Public Garden with a side terrace.” Daniel A. Mullin was the exlusive listing agent.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

It's price tag makes it the most expensive condo sold in the city this year, beating out Unit W12A at the Mandarin Oriental, which sold for $12.5 million in May. Boston.com reports that it also appears to be the most expensive private home ever sold in Boston, beating out even the $14.5 million sale of the Ames-Webster Mansion to a Saudi businessman

 

Read the full Boston.com article by Megan Turchi here

 

See more listing information here

 

3 Campion and Company Agents make Boston's Top 20 for July

A Banner Month for Campion and Company Real Estate Agents!

Tracy Campion, Kevin Caulfield, and Megan Kopman have all been recognized as Top Agents in Boston's Top 20 July rankings. Combined, these three Campion and Company agents closed over $60,000,000 in residential sales in the month alone.

Boston July Rankings:


1 Tracy Campion $38,179,500
2 Steven Cohen Team $17,304,000
3 Abbe Bonnevie $13,040,000
4 Frank Celeste $12,942,000
5 Megan Kopman $11,641,000
6 Kevin Caulfield $10,194,000

7 Ellen, Janis, & Josh Real Estate $9,609,000
8 Dinny Herron $9,115,000
9 Paul Whaley/Charlie Ring Team $8,696,000
10 Maggie Gold Seelig $8,000,000
11 Jeannemarie Conley $7,699,000
12 Beacon Group $7,327,000
13 Nancy Roth $7,135,250
14 Michael Moran $7,042,000
15 Shelagh Brennan $6,518,000
16 Christian Iantosca $6,480,900
17 Beth Dickerson $6,000,000
18 Thom McGair $5,695,000
19 Kathleen Cook $5,280,000
20 The John O'Connor Team $5,275,000

 

About Boston's Top 20

Agents are listed and ranked on a monthly basis according to their total residential sales volume closed. Agents and agencies cannot pay to be listed on the site, and the rankings are based solely on monthly closed residential sales volume for the month listed on the Boston's Top 20 home page. Agents' rankings do not reflect total year-to-date sales at this time.

Tracy Campion Ranked Among The Top Ten Real Estate Professionals In The Nation

 

Tracy Campion of Campion and Company Named One of America's

Top 1,000 Real Estate Professionals By Real Trends With A Special Advertising Secion In

THE WALL STREET JOURNAL

 

Campion Had an Impressive $326,886238.68 on her Way to Becoming One of the Nation's Top Professionals

(Boston, MA, June, 26, 2015) Tracy Campion of Campion and Company was named one of America's top real estate professionals by REAL Trends and as advertised in The Wall Street Journal. For the third year in a row she is a member of the "The Thousand Top Real Estate Professionals," a prestigious national awards ranking sponsored annually by the two respected publications. Campion is now ranked in the top one half of 1 percent of the more than 963,000 REALTORS® nationwide.

The Thousand real estate professionals was announced on June 26, 2015, with four separate categories honoring the top 250 residential agents and agent teams for excellence in:

o    Individual Sales Professionals--Sales volume

o    Individual Sales Professionals--Transaction sides (in each real estate transaction, there are two sides that can be represented by a real estate agent: a buyer's and a seller's.)

o    Team Professionals--Sales volume

o    Team Professionals--Transaction sides

According to The Thousand, Campion had sales volume totaling $326,886,238.68, ranking her eighth in the nation. She held the ninth ranking last year.

"The best individual agents and teams--including Campion's award-winning efforts--were nothing short of phenomenal considering the recovering real estate market," said Steve Murray, founder of Denver-based publishing and communications company REAL Trends, which compiled the list.

"Becoming a member of such an elite group as The Thousand is an incredible accomplishment in any market, but what Campion did during these challenging times is impressive on so many levels," said Marti Gallardo, vice president of classified advertising for The Wall Street Journal. "Her efforts topped 99.99 percent of the more than 963,000 REALTORS nationwide."

"I am absolutely thrilled to be named to The Thousand," said Campion, who serves clients primarily in Boston. "Even with the market's challenges, it's incredibly gratifying to help clients find their dream homes as well as help them sell their properties quickly and for the highest price possible."

The ranking of The Thousand can be found at:

http://www.thethousandrealestateprofessionals.com

 

About The Thousand - This awards program was developed jointly by WSJ.Custom Studios (and is not affiliated with the Editorial Department) and REAL Trends, a leading source of analysis and information for the residential real estate brokerage industry. REAL Trends The Thousand honors America's elite real estate agents and their companies and is compiled and analyzed by REAL Trends with a special ad section included in The Wall Street Journal.

 

 

Boston's 50 Most Powerful People, 2015

Boston's 50 Most Powerful People

 

Boston Magazine's list of the City's 50 Most Powerful People is out. Coming in at number 33, it's clear that Tracy Campion helps run this town.

 

33. Tracy Campion/Kevin Ahearn

Principal and owner, Campion and Company/President and owner, Otis & Ahearn

campion copy

Campion in the Back Bay and Ahearn downtown have long dictated what luxe living means in the city. No developer would break ground without consulting one of these real estate merchants.

How were these Bostonians chosen? Ultimately, here's what the list gets down to: it's the people who can solve Boston's biggest problems--transportation, housing, education, healthcare--and bring the best and the brightest along with them.

Check out the other power players here.

 

Tracy Campion discusses Boston's Luxury Real Estate Market with Curbed Boston

 Read the feature by David Bates on Curbed Boston

Boston's Top Broker on 1 Dalton, $20M Condos, Foreign Money

by David Bates

Boston luxury condos
[Rendering of Ten Farnsworth]

Tracy Campion has consistently ranked as the No. 1 broker in Boston. I recently spent a few minutes with her discussing Boston's luxury market and some of the keys to succeeding as a real estate agent.

Can you give folks who might not know much about you a little information?
This is my 30th year, so that's how long it takes to get here. It's a lot of work. I love my job. I sell in downtown Boston, and, in 2007, I opened my own company called Campion & Co.

What does it take to really succeed as an agent in Boston?
I think you really have to be disciplined and driven. Driven is the word that I would say for this business. You have to be driven. There are a lot of ups and downs, and you can't let it get to you. You have to keep on focusing on yourself and keep your ethics about you. … And, you know what else? I take it very seriously when someone sells their home.

What has changed about our market?
I think we're in a very exciting time downtown because we have so many new developments coming online. We were stagnant for a long time and as you see we have the Millennium Tower coming on, the Four Seasons coming on. … It's just great. There's so many options for people when they come downtown. You might want to be in a beautiful, historic townhouse. You might want to be in a high-rise, so it's a great and a wonderful time. … It just feels so lively and everyone wants to come downtown. I mean, I grew up when everyone was leaving town. For me, I see it as so exciting, so vibrant.

It seems the amount of full service buildings has changed in the city since you started?
Before, we could count them on your hand. And they still are our crown jewels around the Public Garden: the Heritage, the Four Seasons. … So you didn't have a lot to choose from. And it has just skyrocketed. And, I think, for the age of some of my buyers now, they need those services. And you know what's another interesting thing is that when I get buyers in my car now and we go out to do a sampling of everything that's downtown, they now are [saying], 'What's the building offering?' Do you know what I mean, what other amenities? It isn't just the condo [anymore].

Do you think Boston is going to see a $20 million sale this year?
I hope I can do it for you.

Are the city's luxury demographics changing?
We always have our empty-nesters coming back from the suburbs, but we also have a lot of young families that are staying in. I think that people are trading up. People are staying in the city. They love our city. And I think our international market is going to increase with all these planes coming in, from Dubai and China and all those direct lines. That makes a big difference, when they come and they don't have to stop in New York. They can come here directly. And I think new buildings are going to attract more of an international buyer because that's what they're used to.

What do you think of pricing in Boston?
I honestly feel that our city has been undervalued, for how beautiful our city is. So, if you compare us to these other international cities, I think we are undervalued and we're catching up.

Is there a sale out there that reflects the new pricing of the luxury market in Boston?
I think the Mandarin has done that. I think that Mandarin sales have been quite significant, just reaching that threshold to hit over $2,000 a square foot. I think those sales. I don't think it's one in particular.

I'd like to name a few of your listings. Please say the first thing that comes to mind. The new Four Seasons [a.k.a. One Dalton]?
I see it as very exciting. To be able to work with Harry Cobb, the same architect who did the Hancock. I mean, what building's prettier than the Hancock downtown? I just feel so fortunate.

The Harvard Club?
The Harvard Club is great because you are in a small boutique building and you get all the amenities of the Harvard Club, which is upgrading their building.

Ten Farnsworth?
Ten Farnsworth, I love. I have never seen a more impressive marketing book in Boston. … The finishes at 10 Farnsworth are so way above the whole market. They really are.

Do you think there are any risks to Boston's luxury market?
Depends on how many luxury projects get off, but I think we really need a lot of units. I think it's going to be fine. I don't see anything right now.

What's important in this next development phase in Boston?
I'd love to see more green space. I'd love to see more trees out there. What makes Comm. Ave. great? The Commonwealth Mall, right? What's our crown jewel? The Public Garden. So I hope, in the city planning, that we pay attention to the green space. That's what really makes the city beautiful! I am a true believer in that.

What is your goal in 2015?
My goal is to make sure that all my clients are happy.

 

From Bates By the Numbers, a weekly feature by Boston real estate agent David Bates that drills down into the Hub's housing market. Follow him on Twitter and check out his ebook, Context: Nine Key Condo Markets, 2.0.