Boston Real Estate 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

 

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.

Boston Real Estate Market Update, Spring 2016



Boston Spring Market Update

The spring real estate market in Boston is in full bloom! Here at Campion and Company we have over fifty properties under agreement and are well on our way to another record-breaking year. We are seeing increased buyer requests for showings, and many sellers are busy preparing to put their properties on the market. Campion and Company has also been selected by developer Carpenter & Company to market the new Four Seasons Private Residences One Dalton Street, Boston.
 
Market reports released this week based on condo sales in January through March show the number of citywide sales up 8% over the same period last year. Average prices throughout Boston also showed a substantial increase of over 12%. The completion of select new luxury condominiums, such as Twenty Two Liberty in the Seaport where 13 sales in the first quarter averaged over $3.6million and $1,700 per square foot, have influenced these numbers, but there is still no denying that Boston's wider market has been one of steady appreciation with limited available inventory since 2011. 
 

2016 First Quarter - Condo Sales Summary by Neighborhood

 
Neighborhood Sales Avg. Sale $ Avg. $/SF DOM
Back Bay 93 $1,299,124 $1,043 61
Beacon Hill 25 $1,049,636 $945 41
South End 106 $1,010,811 $863 47
Midtown 30 $1,285,780 $934 96
North End 10 $589,900 $702 58
West End 8 $519,082 $601 38
Waterfront 32 $1,143,723 $892 58
Seaport 25 $2,335,136 $1,264 30
South Boston 136 $643,611 $565 59
Fenway 19 $437,837 $763 24
Charlestown 52 $709,144 $629 48
 Source: Listing Information Network (LINK)
 
What does this fast-paced and competitive market mean for buyers and sellers?
 
For sellers, continued limited inventory and tales of bidding wars and over-asks point to an opportune time to list property. Even if you only purchased 2 – 3 years ago, it is likely that you have gained significant equity in your property. Contact us today, so we may meet with you to give you our opinion of value and marketing plan for your home or investment property.  

For many buyers in this market, concerns about pricing and having to compete with other purchasers are reasons to delay a property search. Buyers need not be disillusioned with the purchasing process, however, as there are still many opportunities to take advantage of right now. For one, getting to see properties as soon as they come to market, is something we strive to attain for our buyers, often putting property under agreement within the first week. Additionally, Boston is currently seeing an impressive array of new and upcoming luxury development properties to choose from. From Back Bay to Midtown, Waterfront, the Seaport and all areas in between, buyers now have a wide selection of properties with luxury amenities, high-end finishes and every convenience of city living. There is still an opportunity to be an early purchaser in many of these buildings, including a number of  Campion and Company Exclusive New Developments

-Featured Properties-
Exclusive Listings and Projects:

Exclusive New Development: 
Exclusive Listing:

View All Of Our Exclusive Listings


 

Living in Boston appeals to all ages

Boston is a city for residents of all ages.

Empty Nesters

From Boston.com: Boston ranked No.1 city empty nesters will flock to in 2016

"Though you might think of Boston as a college town with mostly young professionals, the Hub has recently been on the radar for empty nesters who don't want to stay in huge suburban homes."

The article cites new rankings from Realtor.com with the top 10 cities empty nesters are likely to move to in 2016. For people aged 65 to 74, Boston was named as the city that they will most likely want to live. What are some of the factors attracting this demographic? Luxury building amenities -including elevators, single-floor living, fitness centers and spas, covered parking, doormen- and the promise of less maintenance. Walkability and the convenience of city living, as well as easy access to shops, restaurants and cultural venues, are also main drivers of this phenomenon.


Millennials

From Boston Business Journal: Boston expected to be one of America's hottest housing markets for millennials in 2016

A recent projection from Realtor.com says that the Boston area will rank as the country's 4th-busiest market for homebuyers between the ages of 25 and 34. The suburbs are no longer the only promised land for the generation as employment growth and increasing income, as well as the liveliness and convenience of city living and driving more to call Boston home.

 

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

 

Official Website for 25 Beacon is now live!

Campion and Company is please to introduce 25 Beacon, Boston’s most prestigious new address directly overlooking the State House gardens and Boston Common. A boutique building of just six exquisite homes, 25 Beacon offers floor-through residences that are splashed with sunlight from three exposures. Superior design is matched by quality construction, superb craftsmanship, the latest technology and the finest finishes and fixtures. Luxurious amenities include an on-site garage with valet parking for two cars, 24-hour doorman, direct elevator access, dedicated storage rooms, bike storage, wine cellar and fitness room. To live at 25 Beacon will be to enjoy a Beacon Hill rarity: 21st century comfort in an 18th-century neighborhood. Unit 4 includes a private balcony.

VISIT THE OFFICIAL WEBSITE

New Development Spotlight: Pierce Boston

Coming Soon to the Fenway! 

Scheduled to open in fall 2017, Pierce Boston will be the newest addition to the Fenway, one of Boston’s most dynamic neighborhoods.

Located at the intersection of Boylston Street and Brookline Avenue, this 30-story glass tower will serve as a gateway to the Fenway area and will allow for a pedestrian link to Fenway Park, Landmark Center, the Emerald Necklace, and the Longwood Medical Area. Samuels & Associates, the developer who has most recently brought us the Van Ness, and Landsea, a China-based real estate company, have entered a joint venture to carry out this highly anticipated project.

Pierce Boston will house both retail and residential units, including 109 condominiums and 240 apartments that will range from studios to one-, two- and three-bedroom units. News of the ground floor retailers has not yet been released. For those looking for parking, the project will directly connect to the Trilogy underground garage. Pierce Boston is also a short walk from the Fenway stop on the MBTA Green Line D branch, various bus routes and approximately half a mile to the transit hub in Kenmore Square.

Wrapped in a curtain wall designed by Arquitectonica, a world-famous architectural firm based in Miami, FL, the building is designed to maximize 360-degree views of Boston, Cambridge, the Charles River, and the Emerald Necklace. Lifestyle amenities will include an outdoor terrace and pool located on the roof level that will offer sweeping views of the Emerald Necklace park system.

The Sales Gallery is scheduled to open this fall.

 

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.