Where do the ultra rich live?

This Sotheby’s International Realty  Top cities for the ultra rich report looked at the property (ies) owned by ultra high net worth individuals, defined as those with a net worth of at least $30 million. (more…)

How much does parking add to the value of a home?

I often wonder how long our memories are. In mid-winter it seems to me the entire population of New England is thinking of moving to Florida, but I suspect that come next winter we will not find deserted cities.Don’t we just love having something to complain about?

After a winter like this one everybody wants to have a home with parking – in cities – or with a garage in the suburbs and outer towns. But how much is that convenience worth?

Here’s a Boston Herald article which describes the value of parking in Boston’s neighborhoods. (more…)

Would you like to buy Big Papi’s penthouse?

Fear not, Red Sox Nation, David Ortiz is not leaving town.

While Why Jon Lester may not be returning to the Red Sox proved to be correct, Big Papi is retaining his main house in Weston, while selling – at an asking price of $3.2 million – the Chestnut Hill condo he has been using during the baseball season.

According to Mapquest the journey from Fenway Park to Weston takes 19 minutes, so maybe Ortiz has decided that, with retirement looming, he needs to save the $28,000 a year he pays in taxes on his condo. Or maybe not. (more…)

Would the Olympics be good for the Boston area real estate market?

The decision will not be made until 2017 but I looked to see if there was any data on the impact hosting the Olympics has on the host city’s real estate market.

This Olympics: a win for the housing market? article from yourmoney.com looks at the impact the Olympics have had on real estate markets in recent Olympics and argues that the impact is most significant in smaller cities which implement major infrastructure improvements.

 f you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty

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