Boston Real Estate News

Feb. 14, 2019

The Top 25 Public and Private Schools in the Boston Area

 

 

Public Elementary/Middle:

  1. Edward W. Brooke CharterSchool,East Boston
  2. Maria Hastings Elementary School, Lexington
  3. Mason Rice Elementary School, Newton
  4. Heath School, Brookline
  5. Boston Collegiate Charter School, Boston

Public Middle/High School:

  1. Boston Latin School, Boston
  2. Brookline High School, Brookline
  3. Wayland High School, Wayland
  4. (tie) Newton North High School, Newton South High School, Newton
  5. Belmont High School, Belmont

Private K-12:

  1. Milton Academy, Milton
  2. Buckingham, Brown, & Nichols School, Cambridge
  3. Maimonides School, Brookline
  4. Dexter Southfield School, Brookline
  5. Brimmer and May School, Chestnut Hill

Private Middle/High School (Girls):

  1. Winsor School, Boston
  2. Dana Hall, Wellesley
  3. Newton Country Day, Newton
  4. Montrose School, Medford
  5. Ursuline Academy, Dedham

Private Middle/High School (Boys):

  1. Roxbury Latin, West Roxbury
  2. Belmont Hill School, Belmont
  3. St. Sebastians School, Needham
  4. Boston College High School, Boston
  5. Xaverian Brothers High School, Westwood

 

By: Brigid Buckley

 

Posted in Real Estate
Feb. 14, 2019

The Millennial Market

Millennials are vastly different from previous generations, and it has changed society in a multitude of ways. Their impact on the housing market is no exception, with the growth rate of the housing market slowing down significantly. In 2019, Millennials are between 22-39 years old. Despite their young ages, Millennials highly associate buying a home with the white picket fence “American Dream” that most previous generations have also strived to attain. However, only about a third of Millennials between 25-34 own a home, whereas half of Baby Boomers and Generation Xers owned a home at the same age.

Why is this the case? Most Millennials do not get married until they are in their late 20’s to early 30’s, which is a substantial difference from their parent’s generation, the majority of whom were married with children by their mid to late 20’s. By not being a wedding-driven group, there are also less that are attempting to start families, a factor that heavily increases a person’s likelihood to purchase a home. Rather, Millennials are comfortable living with their parents in basements and bonus rooms, with nearly a third of them still living at home by age 34. Baby Boomers are less likely to kick their kids out post-college. If and when they do, the ever-social Millennials are moving in with several roommates to cut the cost of living.

Despite carrying significantly more debt than previous generations, the percentage of millenials that are purchasing homes are, surprisingly, more likely to spend more than the average on their first home. With most first-time buyers spending around $150k on a starter home, Millennials are spending roughly double that. This is likely due to the fact that they do not want “fixer-uppers,” but opt for more specific must-haves in a home to avoid dealing with renovations and other problems. They are also looking outside of the city and into more suburban areas, since cities have steadily become more expensive and are associated with renting rather than buying.

So they’re not buying as much as previous generations: Who cares? At the very least, Millennials are at risk for having less financial security later on in life by waiting to purchase a home. Homeownership is a touchstone of being prepared for retirement, so purchasing at age 50 and 60 is not going to make for a stable 30-year retirement fund. Despite all the differences between Millennials and older generations, the largest has to do with the fact that younger generations are graduating college with an average amount of $42k in student loan debt and an average starting income of about $35k. This forces them to give up a high percentage of their paycheck to paying off student loans, leaving little to be saved. Simply put: Millennials are gathering wealth more slowly than ever before.

 

By: Brigid Buckley

 

Posted in Real Estate
Feb. 11, 2019

The Importance of Using a Real Estate Agent

Buying a new home and moving can be a really exciting, yet very stressful process. Especially if that move is from one state to another. My husband and I made our move from Louisville, Kentucky to Boston last year, and through the process we had to make a lot of really important decisions. One of the most important decisions that we made, and are so thankful that we did, was hiring a real estate agent to help us work through the home buying process.

 

Here are my top 5 reasons that working with an agent is the best decision you can make when buying a house.

 

They have market knowledge:

The market in Kentucky is much different than the market here in Boston. Our agent had knowledge of the local market and was able to help us come up with a realistic price for what we were wanting. Once we worked through that we were able to start the search. It was really helpful that our agent had access to new listings that hadn’t quite hit the market, which gave us a little bit of a head start when searching. When we found something that we were interested in he was able to help us understand trends over a long period of time so that we could understand what our resale value would be. His knowledge, experience and advice with this helped us to make a more informed decision on what we were buying.

 

Negotiating Skills:

This is probably one of the most stressful parts of home buying, as well as selling. We were so thankful to have our agent with us as we went through the process. It was such a relief knowing that we didn’t have to do much more than tell our agent what we wanted to offer. He took it from there. His knowledge of the market and experience in negotiating helped to get us the best price for our condo. From there he helped us negotiate through the inspection and repairs. While he was the one talking with the seller’s agent he made sure to keep in touch and talked us through step by step what was going on, which really put our minds at ease.

 

Resources:

One of the most valuable parts of having an agent work with us was his resources. From having insights on properties that were new to the market to being able to give us a list of recommendations for mortgage brokers we never really had to do much for ourselves. Trying to find someone trustworthy online can take time and can be a little overwhelming. Again, because of our realtors experience, knowledge, and contacts he was able to give us find a reliable mortgage broker and lawyer. Since we were moving from a different state we were on a little bit of a time crunch, since he already had relationships with these people we were able to make a quick transition. This made the process of deciding who we would trust with this process so much easier.

 

Paperwork Guidance:

Buying a home comes with signing a lot of papers. Trying to understand what we are signing would have taken us forever. It was so nice having our agent go through each document with us, so that we could better and more quickly understand what we were signing. This really helped to put our minds at rest knowing that he was paying just as much attention as we were. There were points in our home buying experience where things on the seller’s end weren’t being taken care of, and I can’t express enough how nice it was knowing that our agent had our backs and was taking care of it before we even knew about it.

 

After Closing:

Once we closed on our condo we really didn’t think that we would speak to our agent much. So it was a nice surprise when he reached out to us a little bit later asking how things were going. Since then he has helped us contact the seller’s lawyer when we need something, like a repair to the condo. He didn’t just leave us at the closing table. He has been just as helpful as he was when we were looking. Again, putting our mind at ease knowing that we have someone looking out for us even after we’ve bought our home.



All in all, I don’t think that we could have made this move without the help of our agent. It was a stressful process, but I don’t think that we would have made it without all of his advice, knowledge, and experience. It really made the process a million times easier, and our transition much more positive than it would have been.

 

By: Aleisha Hutchens

Posted in Real Estate
Feb. 3, 2019

The Dream Team and Your Dream Apartment

The early bird gets the worm and especially in real estate! It’s the beginning of February, and in T-minus four hours the New England Patriots are getting ready to verse the Los Angeles Rams in the 53rd Super Bowl. Beers will be cracked, bellies will be full and swooning over “The Goat” will ensue soon enough. For many of us Pats fans, we’re getting ready to head to a friend’s place to get the winning party started. I know we all have that friend though, you know the one whose apartment is perfect for entertaining? Now I know it’s the beginning of February, but if you didn’t already know it’s that most current tenants have already received their lease renewal letters from their landlord. Now you may be thinking, “Isn’t it too soon to start looking for a new apartment? Most properties haven’t even turned over yet…” and the answer is ABSOLUTELY NOT. If you’re unhappy with your current living situation then you need to start the planning process now.

New England PatriotsThe listings you find on Zillow, Trulia, Redfin, etc. are not the only places to shop around for your next apartment. Ivy Realty Group has its own exclusive properties from years of relationships built with property owners in Somerville, Cambridge, and greater Boston in general.  Maybe you’ve always wanted to live in Somerville, but feel like you always miss out on the “good” places come April, May or June? That’s why working with a licensed real estate agent is the best thing you can do to help you #liveyourbestlife. With access to industry knowledge you can’t Google on the Internet, Ivy Realty’s licensed real estate agents got your back. Unsure if you’re getting the most out of your monthly rent? Interested in knowing more about a specific neighborhood?

Whatever your real estate goals are, whether it’s to find the perfect apartment for entertaining friends and family for the next Superbowl party in 2020 then give Ivy Realty Group a call to crush your real estate goals in 2019! GO PATS! 

 

Marlena Roffi

Aug. 22, 2018

August 2018

 

Ivy Realty Group Newsletter August 2018

East Cambridge Loft With Two Private Entrances Drops For $900,000

243 Bent St. Cambridge

The 1,083-square-foot Unit 8 at 243 Bent Street in Cambridge’s East Cambridge is part of a converted industrial building dating back to 1917 - still keeping it's original charm. The loft-like expanse with two private entrances features 12-foot ceilings and a long peaked skylight as well as large windows. What’s even more stunning is the condo's master deed includes the right to raise the already booming high roof and build a private roof deck. Raising the roof would create an approximately 1,700-square-foot mezzanine level, the listing says. Click here to view this listing or contact us directly to set up a showing of this property or others just like it.

Winn Resort to Sell Casino?

Wynn Resorts is considering selling its "still under construction" Boston Harbor casino-resort in Everett, according to a report on gambling trade website Focus Gaming News. The report says that Wynn CEO Matt Maddox has had “informal talks" just outside of Boston. That facility, is the 3 million-square-foot, $2.4 billion casino-resort on pace to open in June 2019 - hopefully. The report does not reference any possible buyers. If Wynn is, indeed, in talks to sell again, it would mark reversal from this past spring, when the company pulled out of negotiations with potential buyers such as Caesars Entertainment and MGM Resorts. The prices were not right apparently. Wynn has had a tumultuous year due largely to allegations of sexual assault and harassment against its founder and namesake. Steve Wynn resigned from the company in February, State gaming authorities are still reviewing the company’s suitability to operate the Everett destination because of his alleged conduct. Meanwhile, Wynn changed the name of the future complex to Encore Boston Harbor in April.

Our Latest Sales

It's been a busy month for us at Ivy Realty proving not only can we represent our buyers and sellers in condo sales, single family homes and also multi-family properties but also our experience and expertise isn't solely focused in one centralized area. Our last 5 sales in the last 30 days are below. If you're looking to buy or sell your home - no matter where you are. Contact us to see how we can help.

  • Ash Ave Somerville $765,000
  • W 5th St. South Boston$437,000
  • Ocean Ave Revere $409,900
  • Sheldon St. Billerica $592,000
  • Trull St. Somerville $925,000

Ivy Realty Group 20 Holland St. Somerville, MA 02144
617 234-1732 ivyrg.com

Posted in Newsletter
March 5, 2017

Best Restaurants in Brookline, MA

Below is a list of popular restaurants in Brookline, MA known for their creative culinary dishes.

  • Barcelona Brookline, 1700 Beacon St, Brookline: Tapas, small plates and a ton of wines
  • The Abbey,1657 Beacon St, Brookline: Small plates, an ever rotating list of micro-brews and great daily specials with a decent sized Gluten-free menu as well. 
  • Orinoco, 22 Harvard St, Brookline: Authentic Latin American cuisine with arepas (corn pocket sandwiches), empenadas (Latin American turnovers), and pepitos (Venezuelan-style french bread sandwiches.
  • La Morra, 48 Boylston St, Brookline: Simple authentic Italian dishes with a large wine list. winner of the 2016 Wine Spectator Award of Excellence and the 2016 Certificate of Excellence from tripadvisor. 
  •  

 

Posted in Entertainment
March 25, 2010

Where Do Boston Students Live

Whether you're a student or a working professional it can help to know where the majority of Boston students are living these days.

Devin Quirk, operations manager for the Department of Neighborhood Development, provided these numbers which include undergrads, graduate students both renting and living in dorms.

An interesting thing to note is that no matter where you are in Boston, no place is without at least a few hundred students. 

Listed below are the numbers provided by Devin Quirk:

No. 1, Allston-Brighton: Allston isn't just college kids and there's certainly a large vibrant culture present. That said, it tops the list with 7,561.

No. 2, Fenway/Kenmore: Total 5,334 students, with more undergrads than grads. Home to Boston University, Emmanuel, Simmons and Wheelock colleges.
 

No. 3, Jamaica Plain/Mission Hill: Nearly 4,000 students live in these two neighborhoods. Northeastern University, Massachusetts College of Art, Wentworth Institute, and the nearby Longwood Medical Area.
 

No. 4, Dorchester: Boston's largest neighborhood has 2,765 students, many from the University of Massachusetts Boston, which does not have any dorms.
 

No. 5, South End:  Roughly 2,067 students live in the neighborhood, with somewhat more grads than undergrads.
 

No. 6, Back Bay/Beacon Hill: Two of Boston's poshest neighborhoods also have 1,849 students, many attending Emerson College and Suffolk University.
 

No. 7, Central/Downtown Boston: 1,614 students.
 

No. 8, Roxbury: 1,208 students
 

No. 9, South Boston: 748 students
 

No. 10, Roslindale: 741 students
 

No. 11, East Boston: With 669 students, Eastie one of the fastest growing collegiate population in the city, drawn by lower rents and public transportation.
 

No. 12, Hyde Park: 558 students
 

No. 13, Mattapan: 519 students
 

No. 14, West Roxbury: 475 students
 

No. 15: Charlestown: 234 students

Statistics courtesy of Boston.com

 

Posted in News