Distinctive Homes Magazine Boston - Vol. 4 Issue 5 - (Page 5)

W When describing Boston, many people discuss the city’s unique architecture, diverse population and variety of entertainment options. Much of the city’s historical sights and centers of culture are contained within a five square mile (8 sq km) area, making Boston one of the most walker-friendly cities in the nation. Boston also boasts some of the world’s leading academic institutions, including M.I.T. and Harvard University, making it a hub of innovation. Blending its historical roots with high-tech companies, modern infrastructure and leading academic institutions, Boston is a clean, compact and diverse city. It is no surprise that all of the amenities draw in people who see the advantages of calling Boston home. Frann Bilus, in Residential Brokerage with Otis & Ahearn tells us, “The downtown Boston condominium market is alive and well. The proof is in the numbers, particularly at the high end of the market. For example, $1,000+ per square foot transactions more than doubled in the absolute and gained roughly 3.9 share points. And the $1Mil + transactions reached a record 15% share, also up about 3.6 points year to date versus prior year. The most desirable neighborhoods such as Back Bay, Beacon Hill, Midtown and Waterfront are thriving, whereas the lower end of the market (under $500K) is shrinking. “ Onnelly Parslow of Maxwell Associates says, “Simply put, those that can hold onto their properties are doing so and, those that are listing and selling their condos are realizing great returns given the limited inventory. As demand grows for the convenience of inner city living, a neighborhood like the Leather District, whose population has doubled in the past three years and with its high concentration of loft condos and its proximity to the Financial District, Chinatown and the Theatre District, is a highly desired destination to call home”. Beth Dickerson, of Gibson Sotheby’s International Realty adds, “The high end market is very active and there is a flurry of activity from interested buyers in the over two million dollar range.” Boston is a perfect combination of a big city with a small community feel. It is one of America’s oldest cities and distinguishes itself by the cultural diversity of its twenty-one different neighborhoods. In 2007, City Mayors rated Boston as one of the world’s top cities offering the best quality of life. Indeed, the city boasts exceptional medical facilities, vibrant neighborhood business districts, world-class education institutions and a solid network of parks, community centers and libraries. The city of Boston proudly supports programs, such as “Boston Shines 365,” which help volunteers run community-based projects throughout the city. In addition, the city booms with mouthwatering eateries, relaxing coffee shops, entertaining music venues and an exciting nightlife. Come see how you can make Boston home. For more information visit: http://www.cityofboston.gov/ DistinctiveHomesOnline.com • 5 http://www.cityofboston.gov/ http://www.DistinctiveHomesOnline.com

Table of Contents Feed for the Digital Edition of Distinctive Homes Magazine Boston - Vol. 4 Issue 5

Distinctive Homes Magazine Boston -Volume 4 Issue 5 Hallmark Sotherby's International Realty H &�Company Real Estate Coldwell Banker Chobee Hoy Associates Renaissance Realtors, Inc Window Dressings &�Custom Treatments Carlson &�Kinlin Grover GMAC Real Estate Ask Lillian Keller Williams RealityGuild.com Remax

Distinctive Homes Magazine Boston - Vol. 4 Issue 5

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