Real Estate Blog

Boston Condo Report                
Sold Data 2020 Closed Units Median Sales Price Median Sales Price / sq. ft. 2019 Closed Units Median Sales Price Median Sales Price / Sq.Ft.
Back Bay   154 $1,200,000.00 $1,167.66   218 $1,200,000.00 $1,170.73
Beacon Hill   64 $909,500.00 $1,131.14   99 $949,000.00 $1,148.10
Charlestown   123 $775,000.00 $783.44   145 $710,000.00 $712.69
Dorchester (02125)   119 $599,000.00 $523.50   130 $539,450.00 $506.99
Dorchester (02124)   90 $469,000.00 $443.75   102 $455,750.00 $475.87
Dorchester (02122)  
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Sold Data 2020 Closed Units Median Sales Price Median Sales Price / sq. ft.  2019 Closed Units Median Sales Price Median Sales Price / Sq.Ft.
Cohasset   91 $1,100,000.00 $329.16   87 $869,000.00 $327.38
Duxbury   144 $732,500.00 $288.13   135 $655,000.00 $279.45
Hanover   103 $560,000.00 $257.08   106 $566,250.00 $248.30
Hingham   158 $819,500.00 $373.23   180 $850,000.00 $365.47
Hull   70 $457,500.00 $306.68   100 $392,000.00 $274.98
Kingston   115 $440,000.00 $244.11   136 $434,250.00 $230.29
Marshfield   176 $485,000.00
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Charles King was selected by Boston Magazine as one of Boston's Top Producers in Real Estate for 2018.  King joins agents from all over Boston and the greater Boston area.  2018 was a great year for Charles and his team.  Thank you to all of our family, friends, and clients for all of the support.  The Charles King Group, now affiliated with Compass, is off to a strong 2019.  The team will continue to help buyers, sellers, investor, landlords, and renters throughout Boston, the South Shore, Cape Cod & the Islands.

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Buying a House This Year? This Should Be Your 1st Step!

Buying a House This Year? This Should Be Your 1st Step! | MyKCM

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are not in an incredibly competitive market, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:

“It’s highly recommended that you work with your lender

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Don’t Get Caught in the Rental Trap in 2019

Don't Get Caught in the Rental Trap in 2019 | MyKCM

Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone!

According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan on buying in the next 5 years, with 38% planning to buy in the next 2 years!

When those same renters were asked why they disliked renting, 52% said that rising rental costs were their top reason, and 42% of renters believe that their rent will rise every year. The full results of the survey can be seen below:

It’s no wonder that rising rental costs came in as the top answer!

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It looks like there is even more development on the horizon in South Boston. Charlie Damrell LLC is proposing a 120 unit mix-use building according to the Boston Herald.  The warehouse is within walking distance to both the Andrew Square T Station and Broadway T Station.  The new development, which would include 105,000 square feet, would have 55 garage parking spaces and approximately 5,000 square feet of retail space. The two-story brick warehouse was sold for $4.2 million to Charlie Damrell LLC in April 2017, according to filings with the Suffolk County Registry.

Check out the complete article here.

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Some home sellers price a home according to what they want or need. A home seller may have a number in mind that they want to cover moving costs, commission, or to make a profit. The fact is, if the list price for a home isn’t based on the current market value of the home, it will sit on the market for a long time. Buyers will look at how long the home has been on the market and wonder what is wrong with the home and why it hasn’t sold yet, resulting in no showings. Buyers are not interested in overpriced properties.

We want to emphasize that only the market can set the price for your home—an Agent doesn’t arbitrarily decide what the right price will be. Instead, your Agent should be able to give you a list of comparative homes for sale in the

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As of November 13, 73 multi-family homes have sold in South Boston during 2018.  

  • 2-Family Homes

    • Average Sale Price:        $1,123,966.67

    • Average Price / Sq.Ft.:    $491.15

  • 3-Family Homes:

    • Average Sale Price:        $1,628,970.59

    • Average Price / Sq.Ft.:    $540.52

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