Real Estate News: Young Families Gravitate Towards the Inner City

Home prices in Boston’s suburbs are starting to decrease, as home buyer’s shift their focus towards the heart of the city. Our very own Michael Carucci who does a handful of business in both the suburbs and the city attributes this to the changing preferences of younger families.

“I cannot tell you the number of deals I have done in the last few months that five or 10 years ago they would have been buying in the suburbs,” he told Boston.com in an interview earlier this month.  

The piece reports that, according to data provided by The Warren Group, the median price of homes in the upscale suburbs of Concord, Cohasset, Needham, Wellesley, Cohasset, and Sherborn have all decreased. The decline began the first few months of 2016 as young families began to gravitate towards the city.

These numbers are just the beginning of huge changes to come. Previously, the prices of homes in these areas have been on a steady incline, appropriately reflecting the predominant home buyer preference of a slower-paced lifestyle and white picket fence. But now, these young families are trading in the fence for a more convenient inner city location. .

The other side of this real estate see-saw is the climb in the price of homes closer to the big-city-and-bright-lights feel of inner Boston. Carucci refers to this as the “live work play” phenomenon. With an increase in available activities for children and families, top-notch education offerings, improved safety measures, and a changing urban landscape with improved transportation systems, the city is more appealing than ever to the coming wave of new parents.

Young families are more noticeably seeking a balance between the preservation of the quality and purity family life, and maintenance of the social-life they’re accustomed to. Real-estate agents like Carucci can not only read into the ever-changing statistics on the housing market, but also predict the next big thing: Boston as a work-and-play-ground for parents and children alike.

Real Estate News: Legendary Cannes Chateau Now Offered for Sale

Known as the backdrop of Alfred Hitchcock’s 1955 classic film To Catch a Thief, the Chateau de la Croix des Gardes is now being offered for sale for the first time in nearly 60 years. The legendary Cannes Chateau is listed by our very own affiliate Côte d’Azur Sotheby’s International Realty and will be accepting offers any where between $57 million to $113 million.

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Cannes Cannes, Provence-Alpes-Cote D’Azur, 06400 France | Price Upon Request

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Real Estate Wrap Up – Third Week of May

Stay up to date on all the latest news on real estate and the Sotheby’s International Realty brand with highlights from this week’s top news stories.

1380 Washington-2_1

Featured Listing | 1380 Washington Street, Holliston | $798,000

Taj Boston hotel up for sale for $125M – Boston Business Journal

Huge Boston East Apartment Complex to Officially Break Ground – Curbed Boston

Chinese Investment in U.S. Real Estate Still Booming, Says Report – Curbed National

Tower Proposed for the Fenway Would Bring 325 Residential Units – Boston.com

The Unique Pink diamond sells for $31.56 million – The Jewelry Editor

In Search of Summer Real-Estate Love – Mansion Global

SIR Affiliates names Relevance New York first global PR firm – PR Week

Real Estate News: The Evolution of Kendall Square

10856788684_43e6d3ea0b_kBig changes are to come for Kendall Square, one of the busiest, most innovative technology hubs in the ever-advancing Cambridge area.

Already distinguished by the unique architecture of nearby Massachusetts Institute of Technology, as well as the sleek design of many cutting-edge tech firms such as Google, Akamai Technologies, and The Cambridge Innovation Center, this little slice of stainless steel and smart cars is about to undertake a whole new venture: neighborliness. Read more

5 Best Colors of the Spring Sales Season

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Of course there is always white.  And if you are trying to sell a condo or single family that gets very little light, white on white trim is always a safe bet.  But if that’s not the case, here are a few very safe, sophisticated, tried and true colors that go with all styles & and room sizes. 

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Real Estate News: What is it like to live in Brookline?

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1 Hillside Road, Brookline – listed by Michael Carucci

Brookline, Massachusetts: Birthplace of John F. Kennedy, residence of Tom Brady, and, if you so desire, your very own suburban paradise to call “home.”

The humble 02445 has been ranked time and again as “best suburb” or “best place to raise a family” and here you will see why. Read more

Real Estate News: Closed Home Sales Hit Highs for the Month of March

High housing demand, low mortgage rates and overall modest price appreciation during March led to increased  sales of single-family detached homes and condominiums in the Greater Boston area, according to data issued by the Greater Boston Association of REALTORS® (GBAR).

Last month, sales of detached single-family homes improved on an annual basis for the tenth consecutive month increasing 12.5 percent from the 687 homes sold in March 2015 to 773 this year. This is the highest single-family home sales total since March 2012 when 777 homes were sold. Read more

3 Trending Areas to Buy Homes in Boston

By Becca Grady

The decision to buy a home is not one made lightly, and with rents skyrocketing while mortgages are at an all-time low, homeownership may be something you’re considering. Prior to settling on a new property, it’s important to evaluate the area and make sure it not only fits your needs and desires, but is also an up-and-coming neighborhood that will pay off in the long run. Doing your research and finding a trending area is the smartest way to ensure a good investment is made. Read more