Boston Real Estate News

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.

Millennium Tower Construction Moving Along Quickly

Thanks to a 'vertical assembly line,' Millennium Tower is well on its way to completion.

The tower will rise 60 stories and 685 feet, a process that will take a little more than three years to build. With Suffolk Construction expertly coordinating 500 workers, the Tower is now growing by two floors per week as lower floors receiving finishing touches. By this time next year, the condominiums on the lower floors should be occupied by the building's new residents.

Read the full story in the Boston Globe

Photo by David L. Ryan, Boston Globe Staff

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.

 

 

One Dalton and Boston's Building Boom

Boston real estate news

Watch as Chronicle explores Boston's current building boom and the new icons that will be changing our skyline, including Millennium Tower and One Dalton


BOSTON IS CURRENTLY THE DARLING OF INTERNATIONAL BANKS AND REAL ESTATE FUNDS. IN THE VIDEO, TED REINSTEIN TELLS US THESE INVESTORS IN EUROPE, ASIA AND SOUTH AMERICA ARE FUELING THE BIGGEST CONSTRUCTION BOTTOM THE CITY HAS SEEN IN HALF A CENTURY.

Drones come to Boston's Real Estate Market

The newest Sales Tools in Boston Real Estate include the use of remotely controlled drone aircrafts.

Matthew Murphy, president of Boston Virtual Imaging, prepares his drone for flight (image from bostonglobe.com | Jessica Rinaldi / Globe Staff)

Above: Matthew Murphy, president of Boston Virtual Imaging, prepares his drone for flight (image from bostonglobe.com | Jessica Rinaldi / Globe Staff)

Drones represent a unique way to display properties in today's market, as David Murdock of Campion and Company is well aware. Murdock is co-listing an undeveloped 11.57-acre, two-island property in Scituate with Tracy Campion. View the listing for 'Great Rock' and 'Little Rock' islands here.

"We figured the best way to market the islands is with an aerial drone," said Murdock in an article just published by the Boston Globe. Murdock created the video with Matthew Murphy, president of Boston Virtual Imaging, not only to showcase the expanse of the seaside offering, but also because he knew that the aerial views would be instrumental in helping buyers get a sense of spectacular views once a house is completed on the site. 

Below: Aerial image of 'Great Rock' and 'Little Rock' islands for sale captured by drone.

Islands for Sale in Scituate, MA

Read more about the use of drones in real estate, which is likely to become a standard feature of the home-buying process. 


Video:

Great Rock & Little Rock Islands for sale in Scituate, Massachusetts

 

 

 

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.