Comments on: Any Guesses? Brighton Edition http://blog.redfin.com/boston/2008/02/any_guesses_brighton_edition.html Redfin Boston Sweet Digs Wed, 01 Feb 2012 20:27:32 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Pamela Reynolds http://blog.redfin.com/boston/2008/02/any_guesses_brighton_edition.html/comment-page-1#comment-149 Pamela Reynolds Thu, 07 Feb 2008 11:41:58 +0000 http://blog.redfin.com/boston/2008/02/any_guesses_brighton_edition.html#comment-149 Hi Mike, Well, this is all subjective of course, but the "anonymous" quality to which I refer probably has to do with the number of units in this complex (354) and the fact that the complex centers around a parking lot in motel-like fashion. Despite all the convenience, nothing kills the charm of a complex faster than having a parking lot outside your front door! Hi Mike,

Well, this is all subjective of course, but the “anonymous” quality to which I refer probably has to do with the number of units in this complex (354) and the fact that the complex centers around a parking lot in motel-like fashion. Despite all the convenience, nothing kills the charm of a complex faster than having a parking lot outside your front door!

]]> By: Mike http://blog.redfin.com/boston/2008/02/any_guesses_brighton_edition.html/comment-page-1#comment-147 Mike Thu, 07 Feb 2008 02:24:54 +0000 http://blog.redfin.com/boston/2008/02/any_guesses_brighton_edition.html#comment-147 What's the "anonymous" quality of Towne Estates that might turn some buyers off? I was looking at this complex last year and liked it, but we decided to move to the 'burbs instead and enjoy our elbow room. What’s the “anonymous” quality of Towne Estates that might turn some buyers off? I was looking at this complex last year and liked it, but we decided to move to the ‘burbs instead and enjoy our elbow room.

]]> By: Pamela Reynolds http://blog.redfin.com/boston/2008/02/any_guesses_brighton_edition.html/comment-page-1#comment-140 Pamela Reynolds Tue, 05 Feb 2008 17:59:45 +0000 http://blog.redfin.com/boston/2008/02/any_guesses_brighton_edition.html#comment-140 To Buyer's Broker: You're right, 165 Chestnut Hill is probably a little bit more condo than most Brighton buyers want to chew! On the other hand, it is precisely because it's unusual that I would think someone might bite... maybe a Boston College professor or a well-to-do artist? As far as general sales go, without having actual listing figures in front of me from 2004-07(maybe you can help me out there) I would imagine that listings have also fallen sharply. So I would think it would all even out in the wash. Fewer buyers have fewer properties to choose from. There may be fewer sales, but properties nevertheless should be absorbed at a decent clip. To Buyer’s Broker:

You’re right, 165 Chestnut Hill is probably a little bit more condo than most Brighton buyers want to chew! On the other hand, it is precisely because it’s unusual that I would think someone might bite… maybe a Boston College professor or a well-to-do artist?

As far as general sales go, without having actual listing figures in front of me from 2004-07(maybe you can help me out there) I would imagine that listings have also fallen sharply. So I would think it would all even out in the wash. Fewer buyers have fewer properties to choose from. There may be fewer sales, but properties nevertheless should be absorbed at a decent clip.

]]> By: The Buyer's Broker http://blog.redfin.com/boston/2008/02/any_guesses_brighton_edition.html/comment-page-1#comment-139 The Buyer's Broker Tue, 05 Feb 2008 17:23:01 +0000 http://blog.redfin.com/boston/2008/02/any_guesses_brighton_edition.html#comment-139 Really I think it's less about these particular listings and more about the direction of the local market. Condo sales for Brighton have been sliding steadily. The sales numbers for condos look like this: '04 = 598, '05 = 530, '06 = 402, '07 = 364. Fact is it's just hard to sell a condo in Brighton right now. Three cheers for the Buyer's Market! Really I think it’s less about these particular listings and more about the direction of the local market. Condo sales for Brighton have been sliding steadily. The sales numbers for condos look like this: ’04 = 598, ’05 = 530, ’06 = 402, ’07 = 364. Fact is it’s just hard to sell a condo in Brighton right now. Three cheers for the Buyer’s Market!

]]> By: The Buyer's Broker http://blog.redfin.com/boston/2008/02/any_guesses_brighton_edition.html/comment-page-1#comment-138 The Buyer's Broker Tue, 05 Feb 2008 17:12:06 +0000 http://blog.redfin.com/boston/2008/02/any_guesses_brighton_edition.html#comment-138 165 Chestnut Hill Ave - Here's the issue. Guess how many $700k + condos sold in Brighton over the last 2 years. 20! Less than 3% of the total condo transactions (766 condos sold in Brighton between 2/5/2006 and 2/5/2008). This is a clear case of white elephant syndrome. 165 Chestnut Hill Ave – Here’s the issue. Guess how many $700k + condos sold in Brighton over the last 2 years. 20! Less than 3% of the total condo transactions (766 condos sold in Brighton between 2/5/2006 and 2/5/2008). This is a clear case of white elephant syndrome.

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