2015 Consumer Electronic Show Presents Revolutionary Home Ideas

The Consumer Electronics Show (CES) is an internationally recognized electronics and technology trade show that takes place annually in Las Vegas. The CES is a sponsored show not open to the public that allows hosts to preview products and view new invention announcements.

This year the show featured multiple revolutionary home ideas that will drastically change the way you interact with your home in 2015. Some of the most radical notions from this year’s show include:

  • General Electrics’s lineup of smart appliances
    Whirlpool presented their products that are aimed to make users more in touch with their mobile devices. Their idea is to create a sustainable home ecosystem with interconnected dryers, washers, ovens, and even water heaters. Users will be able to pre heat ovens remotely, receive updates when food is done, and even turn off the oven from a distance.

kitchen

  • Microsoft’s PixelSense
    PixelSense will allow products that have the touch feature to no longer require the ‘screen.’ Any surface can be the control panel with a multi-touch interface with the impression that life size items can be controlled within a digital space.
  • Google’s Nest Dropcam
    Dropcam will allow users to monitor homes and offices via the camera’s hardware and software. Security cameras were the desired item in 2014 and companies are looking to step up tracking elements with this device in 2015. Netatmo’s Welcome camera allows an owner to be notified when specific people are visible by the camera. New facial recognition technology will enable home owners to be notified when a specific person is visible by the camera.
  • Logbar Ring
    The Logbar ring is a no hands device that can control appliances, send texts, and even snap photos while the ring sits on your finger.

finger

  • Wireless Charging
    Lastly, is a product that allows wireless charging for all of your devices. Energous’ WattUP can charge up to 12 devices all within a 30 square-foot range working like Wi-Fi for power.

Innovation is not only being seen in the architecture of real estate but across the board completely. These products not make living easier and significantly up the technology seen in newer homes.

More Information: Sotheby’s

 

Massachusetts Real Estate: December Homes Sales and Prices Up to Close out 2014

MARThe Massachusetts Association of REALTORS® (MAR) reported that 2014 ended on a positive note overall as the number of single-family homes sold in December was up 5.5% compared to the same time last year. For the year, both single-family and condominium sales were down compared to 2013, but prices were up year-over-year.

December/ 2014 Year-End Closed Sales:

“It was nice to see the year finish strong with the number of sales and the median price both up from the previous year, despite the shortage of homes for sale,” said 2015 MAR President Corinne Fitzgerald. “Hopefully, prospective sellers will see this as a positive trend and feel confident that it is a good time to sell their homes in 2015.”

Single-Family home sales were up 5.5% over December 2013 closing the year with 4,082 sales. The median price has also seen an increase of 4.1%. December 2014 closed the year with a median sale price of $332,925 over the 2013 median sale price of $319,000. Closed sales have been up only twice in the past six months and median prices have been up 26 of the last 27 months.

Condominium closed sales saw a slight decrease from 2013 ending December 2014 with 1,543 sales as opposed to 1,613 in December 2013. The median sale price of condos increased 3.4% to $317,000 in December 2014. Six out of the last seven months have seen a closed sales decrease in condos while prices have been up 18 out of the last 19 months.

Looking to the 2014 year-end closed sales, both single-family homes and condos saw a slight decrease in year to date sales from 2013 to 2014. “2014 was a year in which the shortage of homes for sale resulted in a decrease of the overall number of homes sold while prices increased,” said Fitzgerald. “At the same time, an improving economy and interest rates that continued to stay low attracted a lot of buyers into a very competitive market.”

December/ 2014 Year-End Inventory and Days on Market:

The inventory of single-family homes on the market in December was down 16.8% compared to the year before (15,339 listings in 2014 from 18,436 listings in 2013), which translates into 3.7 months of supply and is down from 4.4 months in December 2013.

The number of new listings added to the single-family market increased 4% from December 2013. (2,565 new listings in December 2014 from 2,466 listings in December 2013)

The inventory of condos as of December 2014 decreased 24.5% from December 2013 (3,824 listings in 2014 from 5,062 listings in 2013) which translates into 2.4 months of supply in December 2014. This is down from 3.0 months of supply last year. December was the 50th straight month of year-over-year inventory decreases.

The number of new listings added to the market of condos in December increased 3.7% over the same time last year (942 new listings in 2014 from 908 in 2013).

The average year-end inventory of single-family homes saw a slight decrease in 2014 of 0.3%. (Inventory average in 2014 was 22,237 and in 2013 the average was 22,243). While the average days single-family homes were on the market, the number of new listings increased 2.3% in 2014. (New listings in 2014 were 75,577 up from 73,873 in 2013).

Looking to condo year-end inventory averages, the number of condos on the market decreased in 2014 to 5,711 translating into an average of 3.4 months’ supply. Although the number of new condos listed in 2014 decreased 2.3%, the number of days condos were on the market dropped to a low of 78 days since 2013. (A 4.9% decrease days on the market).

Overall inventory of homes for sale is down statewide, but there continues to be pockets across the state that are seeing increases. Despite this lack of inventory, 2014 ended on a high note with single-family closed sales up in December. Rising prices to go along with the improving inventory has caused a shift in the market.

More Information: MAR

Spectacular Rooms to watch Super Bowl XLIX: A Feature of Listings from Gibson Sotheby’s International Realty

In today’s real estate market, buyers are in search for homes with distinguishable factors that set them apart from others. As the Patriots head to Arizona to take on the Seahawks for Super Bowl XLIX, homes that can accommodate guests to watch such an event are high on the radar. Features including media rooms, home theaters, and living/ family rooms with large flat screen televisions are best suited for hosting your annual Super Bowl party.

According to Sporting Charts, the Super Bowl is one of the most-watched programs on television. Last year, the Super Bowl had an average total viewership of 111.5 million viewers in the United States. Whether your guests be avid sports fans or there to simply enjoy the food and company, having the space to host an annual Super Bowl party has become more popular over the years. Such an event brings families and friends from all over to gather and celebrate regardless of the team you are rooting for.

Featured here are extraordinary homes we have listed at Gibson Sotheby’s International Realty. Each has a spectacular room that would enable an outstanding gathering with family and friends to watch Super Bowl XLIX.

42 Commonwealth Avenue Unit 5, Boston- $2,650,000

Enjoy watching the game in the previous home to former Patriots player, Wes Welker!

comm ave

275 Somerset Street, Belmont- $6,750,000

somerset

250 Baxters Neck Road, Marstons Mills- $5,199,000

witter

188 Old Connecticut Path, Wayland- $3,125,000

old conn

52 Goodnow Road, Sudbury- $2,499,900

goodnow

--505 Tremont Street- Unit 608, Boston- $2,195,000

atelier

8 Constellation Wharf #8, Boston- $1,999,000

constellation wharf

360 Newbury #808, Boston- $1,850,000

360 newbuyr

173 Central Avenue, Milton- $1,799,000

central

294 Newbury Street, Unit 3A- $825,000

sharks

75 E Bacon Street, Plainville- $319,000 

bacon

Ultimately the Super Bowl is not only a time to root for your favorite team, but to gather together with your loved ones enjoying time well spent together. Do not hesitate to contact any of our agents today regarding the above properties and make one of these spectacular rooms your own in time for Super Bowl XLIX.

Call 844.667.6663 or visit our website: Gibson Sotheby’s International Realty for more information.

Sotheby’s International Realty Brand Expands Presence in Vermont and New Hampshire

4seasonsSotheby’s International Realty Affiliates LLC recently announced the merger of Lang McLaughry Real Estate, which has 15 offices throughout Vermont and New Hampshire, and Four Seasons Sotheby’s International Realty, which has three offices in New Hampshire. The combined company will be operating as Four Seasons Sotheby’s International Realty.

Simultaneous with this transaction, the combined company has acquired Vermont Country Properties Sotheby’s International Realty, which has five offices across Vermont. A total of 22 offices across Vermont and New Hampshire now will operate as Four Seasons Sotheby’s International Realty.

“Lang McLaughry was established in 1959, bringing an established reputation built over 56 years for service and excellence in the community, and Four Seasons and Vermont Country Properties are both highly respected companies with a similar focus on service excellence.” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “We are proud to welcome them to the Sotheby’s International Realty global network.”
Staige Davis will serve as chief executive officer of Four Seasons Sotheby’s International Realty with Buff McLaughry serving as chief operating officer. Stephanie Wheeler and Pam Perkins are co-owners of the newly combined entity.

“Our goal for nearly six decades has been to provide superior, innovative real estate services to buyers and sellers,” said Davis, formerly chief executive officer of Lang McLaughry. “We are proud to join the Sotheby’s International Realty worldwide network, which we feel has the best marketing resources available in real estate and a reputation for extraordinary service and consistency. Bringing our companies together enables us to continue to pursue our visions of excellence and innovation in how we service our local communities, while being part of a strong global real estate network. Four Seasons Sotheby’s International Realty opened its first office more than 100 years ago, affiliating with the Sotheby’s International Realty brand in 2009. We are so pleased to unite with that rich and deep history.”

The Sotheby’s International Realty network currently has over 16,400 sales associates located in approximately 730 offices in 56 countries and territories worldwide. Here at Gibson Sotheby’s International Realty we would like to sincerely congratulate Four Seasons Sotheby’s International Realty on this extraordinary achievement. In speaking with our Relocation Director we could not be more excited about this merge. Nicole Rideout indicates that a huge majority of our referral buyers are going just north of us to these beautiful destinations on the coast, lakes, and in the mountains for their second home purchases or as empty nesters. We are happy to continue to facilitate these transactions with Four Season’s in their newly acquired territories. Feel free to contact us with any inquiries by email at relocation@gibsonsir.com

More Information: Sotheby’s International Realty

News from our Director of Relocation, Nicole Rideout

Nicole_Rideout_02The secret’s out!  Well, Logan Airport recently announcing a slew of direct flights to international cities including Beijing, Tokyo and Dubai may have been a spoiler alert but, none the less, Boston is rising consistently as one of the worlds most popular cities in the world.  The areas thriving economy, world-renowned hospitals, phenomenal school districts, and highly acclaimed colleges are drawing in families, individuals and companies of all demographics at an all time high.  We have seen a spike both domestically and internationally over the last 18 months.

Coupling an international brand with over 50 years of expertise in the Boston and Greater Boston market allows our company to offer our clients a significant edge.  Relocating clients can easily access our agent base which is equipped with over 15 languages, and sellers can subsequently access this invaluable network of clients.  Our company just announced our most recent endeavor in expanding into Cambridge.  Cambridge is home to some of our countries best colleges, including Harvard and MIT as well as many cutting edge pharmaceutical companies making it a very appealing home for relocating individuals.   The thriving Cambridge market was in need of a local brand with international capability and we are excited to officially introduce our powerful network to the flourishing area.

We reported on the specifics of our international buyers in a recent blog.  This data illustrates the significant increase in buyers from China as well as other countries.  Many international buyers site our school systems as the primary reason for moving here.  A great deal of our international clients purchase property for their children while they go to school, a property we like to refer to as ‘kiddie condos’.  Ergo, the city has proven to be a magnet to young people in particular.  Most of these young people end up making the city their home when their education is complete.  A recent report showed that about 24% of units in new developments are being purchased by international clients and a majority of these transactions are done in cash (Source Boston Globe).  Sotheby’s International Realty (SIR.com) has about 841,096 visits per month and about 42% of these are from outside of the US.  This data as a whole connotes the same message: international buyers are a vital part of our market and our economy and will continue to elicit this impact.  We are both excited and equipped to handle these transactions.

For more information contact our Relocation Department at relocation@gibsonsir.com

Gibson Sotheby’s International Realty: Dorchester on the Rise in 2015

infographicIn 2014, Dorchester saw improvements across the board. Sales have significantly increased reaching a new high of 734 properties sold for the year. A decrease in the average days properties have been on the market is at a new low of 60 days proving that the demand to purchase in this rapidly improving area is stronger than ever.

According to the Boston Business Journal, a task force was created by Mayor Walsh, a Dorchester Native, to focus on replicating the success of the Innovation District in other parts of the city. A committee made up of 27 local leaders will focus their efforts on four neighborhoods which include Dorchester’s Fields Corner, Bowdoin-Geneva neighborhood in Dorchester, Dudley Square in Roxbury to Uphams Corner in Dorchester, and East Boston. This committee can only cause improvements on such neighborhoods that are already thriving on their own.

Voted “Neighborhood of the Year”, Dorchester is significantly evolving as new restaurants, businesses, and developments take over the main streets. Longtime businesses are also revitalizing their store fronts and updating their selections to keep up with this time of innovation.

A few up and coming developments in Dorchester include Ashmont TOD2, a dynamic six-story development with approximately 81 residential units, ground floor retail, and underground and surface parking. This new building is being designed as a contemporary, environment-friendly, Transit Oriented Development that will build on the success of The Carruth to bring a more walkable and better utilized environment to Dorchester Avenue.

Another proposed development is a mixed-use, transit oriented condo project on Savin Hill located directly across from our Gibson Sotheby’s International Realty Savin Hill office and the MBTA station. A spot that has been vacant for almost a decade now according to Mayor Walsh, will be the Savin Hill Residences comprised of 14 units of housing and a single commercial unit on the first floor. There is also talk of another three-story condo complex consisting of 22 residential units and a restaurant said to be called “the Dorchester” located at 367 Neponset Avenue.

Dorchester has recently seen an influx of buyers due to the reasonable prices and great location with easy access to public transportation. With this boom of construction, the Dorchester market can only improve. A great deal of Dorchester’s recent development has been surrounding the T’s Red Line and soon to be stop on the MBTA Fairmont Line at Blue Hill Avenue. This stop is set to open in June 2017 and will bring a great deal of opportunities to Dorchester’s western neighborhoods improving the city overall.

Here at Gibson Sotheby’s International Realty we are Dorchester specialists and are excited to be part of the changes to come in these Dorchester neighborhoods. Contact any of our Savin Hill office agents at 617.825.0800­ for any of your real estate needs and to find out what has made our team the #1 office in Dorchester sales for 2014.

More Information: Dorchester Reporter, Boston Business Journal

Real Estate Market Update: Boston & Cambridge – 2014 in Review

Boston is thriving in home sales, especially in the up and coming luxury condo market. Its luxury market is currently ranked one of the best in the nation. With a solid economy to go along with these home sales there is no question that Boston is at the top for quality housing markets.

As we grow into yet another key luxury market, our hardworking and dedicated team of 170 agents closed a subsequent year with a billion dollars of real estate under agreement.

Read about the opening of our new office and detailed market reports of Boston & Cambridge in the 2014 In Review – Real Estate Market Update

Sotheby’s International Realty News: Philip White named as one of Swanepoel’s Power 200

sp200_badgePresident and Chief Executive Officer of Sotheby’s International Realty Affiliates LLC, Philip White, has been named one of the most powerful individuals in residential real estate for 2014/2015.

Candidates that make up Swanepoel’s Power 200 lead our industry, maximize revenue, and do whatever possible in order to help others succeed. “Leadership is about showing the way, especially during times of change. It’s about enabling and empowering your team to succeed at higher levels and beat out the competition.”

A 34-year industry veteran, White has served the Sotheby’s International Realty brand in both management capacities and as a broker and owner. According to the National Association of Realtors®, under his leadership, the Sotheby’s International Realty brand’s sales volume grew by 29% in 2013, compared to 19% for the overall market.

Other names from the extraordinary Sotheby’s International Realty brand that made the Power 200 include Kathy Korte, Paul Breunich, Scott Webber, and Judy Green.

The Sotheby’s International Realty network is now represented by more than 15,000 dedicated sales associates in over 720 offices in 56 countries and territories worldwide. We at Gibson Sotheby’s International Realty would like to congratulate Philip White and the others on this prodigious achievement.

More information: Swanepoel Power 200

Boston Real Estate News: Plans for Innovative Architecture in the Hub

011615marginalLoftsBoston is in the midst of one of its largest building booms throughout the entire city. With this, Mayor Martin J. Walsh is encouraging developers to create bolder and more innovative architecture for projects to come in 2015. Recently, Walsh spoke to an audience at the Boston Chamber of Commerce announcing that he wants to see these new developments adding to the structural design of the city. He stated, “Boston can do better,” calling the design “merely functional” as some of the buildings have been described boxy and bland despite Boston’s historical factor.

Walsh is urging developers who are part of this boom to reach beyond their comfort zone designing buildings that reflect Boston’s culture of innovation. His message certainly caught and kept the attention of many developers. He hopes to see collaboration with designers crafting plans that not only add to inventory but to the skyline as well.

Boston is seeing these new luxury buildings being built and although designing sleek and unique construction can be costly, developers are willing to take that risk. In Boston, Cesar Pelli, a renowned architect designed a bold glass tower for a local investment group’s project at One Congress adding an exceptional design to the building.

“The talent is here. It’s been here,” said Elizabeth Whittaker, founder of Merge Architects. “And more and more of it will stay here if emerging architects begin to trust that they will be able to engage in more contemporary work in the city.” Whittaker has opened the eyes to many developers with her recent designs such as the Marginal Street Lofts in East Boston.

Tim Love, principal of Hub architecture firm Utile and president of the Boston Society of Architects whose firm has completed innovative projects recently in South Boston stated, “We also need to change some of the industry standards on floor-plate sizes, elevator cores and corridors that constrict better design.” He suggested that the developing firms of these bigger projects hold design competitions adding members to their team who will bring edge and fresh ideas to the cities design.

The innovative design that Mayor Walsh is seeking is possible here in the Hub. The plan to build beautiful 21st century architecture is in progress as developers collaborate with designers. Considering many developers do not have a background in design, this collaboration will bring new ideas and strong vivid designs to Boston’s style.

Click here for more information: Boston Herald

News from our Director of Productivity, Colleen Barry

Colleenpic

Colleen Barry, Gibson Sotheby’s International Realty Director of Productivity

Our Director of Productivity, Colleen Barry, works thoroughly with our talented team of real estate agents enhancing their services. Offering both one-to-one guidance and group coaching, Colleen significantly helps our agents to grow their business.

As a contributor to Inman News, Colleen’s most recent article focuses on the quality of third-party websites. She voiced a controversial opinion: “In spite of the prevailing opinion, our industry is actually thriving in the age of consumer-driven, third-party real estate websites.”

Although the real estate industry has been ever changing in the past 10-15 years due to third-party websites such as Trulia and Zillow, Colleen highlighted four facts of what has more importantly NOT changed. These four include:

“1. Most people still select their agent through a personal connection. NAR says that 50 percent were referred, 12 percent used the agent they used in the past, 6 percent met the agent at an open house, and 3 percent were personally contacted by the agent. This is a total of 71 percent of buyers selecting an agent because of a personal connection.

2. Buyers still need the same skills from us. Though more than 90 percent of buyers are using the Internet to search for homes, 53 percent of those polled wanted help finding the right home. They are perhaps spoiled for choice, and so they are in need of expert guidance in specific areas: 23 percent of buyers wanted help with negotiating, 8 percent wanted help with determining the sale price of comparable homes, and 7 percent wanted help with paperwork.

3. They still rank our honesty, reputation and skill as important when selecting us. When polled, trustworthiness (25 percent), reputation (21 percent), personal connections (16 percent) and knowledge (8 percent) were the most important factors in choosing an agent.

4. Buyers note multiple benefits in using an agent. Those polled said the agent provided many benefits, including help with understanding the process (59 percent), pointing out unnoticed features/faults of the property (53 percent), negotiating better contract terms (44 percent) and knowledge of search areas (44 percent).”

Ultimately, searching on third-party websites allows buyers to meet with a real estate agent knowing specifically what they are looking for. From there Colleen says to connect, guide, educate and maintain that relationship with the buyer after the sale leading to a possible rehire.

Click here to read the full article from our Director of Productivity, Colleen Barry.