Trends show many relocating to Boston from the Big Apple

News from our Director of Relocation, Nicole 2 bos
New York to Boston, Boston to New York. Many people decide to move from one city to the other every single year. But, who ultimately ends up reeling in more individuals at the end of the day?

Based on numbers from the Census Bureau, between 2009 and 2013, about 14,500 people decided to move from New York to Boston, while about 10,000 decided to go from Boston to New York. This means that Boston has gained roughly 4,500 more people per year during this time period.

The cost of living for each city is most likely a prominent factor driving this trend. Based on The Boston Globe in 2012, even though the mean household income was relatively the same, with Boston at $91,755 and New York City at $89,966, the value of a home was almost $120,000 higher in New York City and monthly rent was more than double in New York City than in Boston.

As the tech industry continues to flourish locally and our universities and hospitals remain ranked in the top of the country, more and more people are flocking to Boston.  We consistently see students who in the past would graduate from school and go elsewhere, now staying local to start their careers.  We also see a large number of young professionals who had taken on the Big Apple to pursue their professional dreams, coming back with thriving careers to raise their families in Boston and Greater Boston.

While New York City will always represent a land of opportunities for an enormously diverse population including a slew of aspiring professionals, it seems Boston continues to climb in desirability as the number of opportunities here increases.  We expect to see this trend continue in Boston as our businesses boom in unison with our infrastructure and economy.

Sources:, The Boston Globe

Sotheby’s Auction House: Preview Sotheby’s Hong Kong Autumn Sales Series 2015

We are thrilled to be traveling to the Sotheby’s Hong Kong Autumn Sales 2015 this fall. Held in the Hong Kong Convention and Exhibition Centre, the sales series will be held from October 3rd until the 7th and will showcase some of the worlds most exceptional items.

The auction will feature Chinese Works of Art, Fine Classical Chinese Paintings, Fine Chinese Paintings, Contemporary Ink Art, Modern Asian Art, Contemporary Asian Art, Modern and Contemporary Southeast Asian Art, Jewelry, Watches and Wines.

Select highlights will also be showcased in travelling exhibitions in Jakarta, Shanghai, Beijing, Singapore and Taipei followed by a public exhibition of all properties on offer at the Hong Kong Convention and Exhibition Centre from October 2nd to the 6th.

Highlighted below are some of the exceptional items to be auctioned at the Sotheby’s Hong Kong Autumn 2015 Sale Series.


Pictures of the Strikingly Bizarre – Hand-Washing Ritual (diptych),1994.
Estimate USD $128,000 – 192,000
Contemporary Ink Art | 5 October


Huang Yanlu traveling in the mountain (detail).
Estimate USD $1-1.5 million

Fine Classical Chinese Paintings and Calligraphy | 5 October


Yoshihara Jiro
1971 (detail). Estimate USD $129,000-258,000
Full Circle — Yoshihara Jiro Collection | 5 October


Chen Yifei
Gas Lamps on the Canal, Venice, 1990. Estimate USD $385,000-641,000
Modern Asian Art | 5 October


A monumental and extremely rare lacquered bronze figure of Avalokiteshvara Dali Kingdom, 13th century. Estimate USD $2.3 – 3.2 million
Vajrayana | 7 October


CARTIER, an extraordinary and possibly unique lady’s white gold, diamond, sapphire and onyx-set panther bangle watch,circa 2000. Estimate USD $1.9-2.8million
CORUM, a magnificent and elegant limited edition white gold, diamond and sapphire-set skeletonised tourbillon wristwatch with bracelet.
No 2/5 Classical Billionaire Tourbillon,
circa 2008. Estimate USD $230,000 – 320,000.
Important Watches | 6 October


Unheated burmese mogok ruby, onyx and diamond ring.
Estimate USD $2.3 – 3.2 million
Magnificent jewels & Jadeite | 7 October


(From left to right)
DRC Romanée-Conti 2005 (2 bottles). Estimate USD $24,000- 32,000
Château Lafite 2005 (12 bottles). Estimate USD $8,500-12,000
DRC Grands Échezeaux 2005 (6 bottles) Estimate USD $6,000- 8,000
Château Margaux 2005 (12 bottles). Estimate USD $6,500 – 8,500
DRC Grands Échezeaux 2005 (6 bottles). Estimate USD $5,000 – 7,500
Château Latour 1996 (12 bottles). Estimate USD $7,500-10,000

For more information or to view the complete auction calendar and highlights click here.

Homes with Extraordinary Outdoor Space: A Feature of Listings from Gibson Sotheby’s International Realty

Extraordinary outdoor space has been on the top of the list for buyers in search of a home! With the unofficial end to summer… Labor Day weekend… upon us, many home owners are preparing to soak up the remainder of warm weather barbecuing or simply relaxing in their backyard with family and friends.

Where will you be spending your long weekend? Featured here are fantastic homes with extraordinary outdoor space including landscaping, extravagant decks and luxurious outdoor kitchens.

Kato5 Kato Summit | $3,450,000 | Gibson Sotheby’s International Realty

DSC_006659 Widow Rites Lane | $3,200,000 | Gibson Sotheby’s International Realty

Little Boot 215 Little Boot Lane | $2,499,000 | Gibson Sotheby’s International Realty


Coming Soon! Harvard Square | $2,488,000 | Gibson Sotheby’s International Realty
040_50IndianTrail_0708201550 Indian Trail | $1,695,000 | Sotheby’s International Realty

wellesley 137137 Wellesley Street | $1,695,000 | Gibson Sotheby’s International Realty

TOPS_Howlett_01271 Howlett Street | $1,499,000 | Gibson Sotheby’s International Realty

17morningside_exterior817 Morningside Lane | $1,395,000 | Gibson Sotheby’s International Realty

Durkin 8 (1)8 Durkin Road | $749,900 | Gibson Sotheby’s International Realty

Tremlett 24 (1)24 Tremlett Street | $599,500 | Gibson Sotheby’s International Realty

Do not hesitate to contact any of our agents today regarding the above properties and make one of these extraordinary homes your own. Call 844.667.6663 or visit our website: Gibson Sotheby’s International Realty for more information.

Sotheby’s International Realty News: Significant Sales Volume 5, 2015

Sotheby’s International Realty has released their latest issue of Significant Sales which features top sales from around the world including one of our very own sales here in Boston at the Mandarin Oriental.

mandarin_entranceGibson Sotheby’s International Realty | $12,500,000 | Massachusetts

Also featured is a palatial waterfront estate in Florida, an elegant escape in Turks & Caicos, a landmark residence in New York and more than twenty other properties from around the globe.

Ewing-13.9m-1Ewing & Associates Sotheby’s International Realty | $13,950,000 | California

East-Side-15mSotheby’s International Realty | $15,000,000 | New York

Turks-15.1m-2Turks & Caicos Sotheby’s International Realty | $15,100,000 | Turks & Caicos

Premier-17.2m-1Premier Sotheby’s International Realty | $17,200,000 | Florida

Click here for the full issue of the Volume 5 2015 Significant Sales.

Significant Sales was designed to be a powerful tool for listing distinctive properties as it showcases the global reach and power of our broad network.



Green Real Estate News: Google’s Project Sunroof

project sunroofWith solar panels becoming more and more recognized for their eco-friendly advantages, Google has taken it upon themselves to create a user friendly way of bringing this to the attention of homeowners.

This new tool, Project Sunroof, is an innovative way to learn how much money you can save each year on your electric bill by switching to solar panels. It starts by using Google Maps and figuring out the exact amount of sun your home actually sees throughout the day. From there it calculates the amount that you will save each year if the panels were on your specific home. With this tool, individuals interested in going green with solar panels, will then be automatically connected to a local solar panel installation company allowing an easy and efficient process.

Project Sunroof is currently starting off in three cities; Boston, San Francisco, and Fresno. However, they do plan to expand this new project all over the country. With Boston being one of the only three cities with this tool up and running, homeowners can immediately utilize Project Sunroof by typing in their address in the search bar and finding out just how much money can save each year in energy costs.

SOURCE:, Google

Sotheby’s News: RM Sotheby’s Sets Record in Monterey Car Week Auctions

RM sothebysMonterey Car Week, which wrapped up two weeks ago in California, saw an incredible array of cars pass the auction block, setting company and global records in the process. Of the auction houses in attendance, we are proud to announce that RM Sotheby’s took home the most in sales throughout the week, with a staggering $172.7 million worth of cars being sold. This is an increase of more than 20-percent from RM Sotheby’s auction last year and a record for the highest grossing collector car auction of all-time.

Most notably, RM Sotheby’s topped the list of highest cars sold at auction with their red 964 Ferrari 250 LM, “one of 32 of its kind, for $17.6 million, a record for the model,” according to Bloomberg Business. Also drawing attention was the sale of a McLaren F1 LM Specification, which sold for $13.75 million, making it the most expensive McLaren F1 in the world.

In total, RM Sotheby’s brokered 126 cars. The median sales price of the automobiles represented by RM Sotheby’s weighed in at $420,750, second only to Gooding & Company. RM Sotheby’s is the world’s largest auction house for investment-quality automobiles and employs the largest team of automobile specialists in the world. Like our team at Sotheby’s International Realty, RM Sotheby’s is located virtually around the globe and offers services in a variety of different languages.

Source: Auto Blog

Boston Real Estate News: Near Record Levels of Activity in July

The Massachusetts Association of REALTORS® (MAR) reported that ongoing buyer activity in the spring pushed single-family home sales up in July over 19 percent compared to the same time last year. This is the biggest year-over-year increase since September 2013. “Busy buyers in the spring means closed sales in the summer and it was a very busy spring in Massachusetts,” said 2015 MAR President Corinne Fitzgerald.

Looking more specifically to the Greater Boston area, sales and median prices of single-family homes and condominiums each rose steadily on an annual basis in July according to data from the Greater Boston Association of Realtors® (GBAR).

Single-Family Market

July 2014 July 2015 +/-
Closed Sales 1,739 1,895 +9.0%
Median Sales Price $505,000 $530,000 +5.0%

Condominium Market

July 2014 July 2015 +/-
Closed Sales 1,196 1,323 +10.6%
Median Sales Price $419,000 $460,000 +9.8%

July recorded the highest sales volume ever in Greater Boston with a 9 percent increase on an annual basis of detached single-family homes from 1,739 homes closed last July to 1,895 in July 2015. Activity improved an even healthier 10.6 percent in the condo market, climbing from 1,196 condominiums sold in July 2014 to 1,323 this July.

“It’s been an exceptionally busy summer in all segments of the market. We’ve seen more new listings come on the market than normal the past two months, and the potential for an increase in interest rates this fall is also helping to motivate prospective buyers ” stated GBAR President David McCarthy.

Single-Family Market

July 2014 July 2015 +/-
Inventory of Homes for Sale 4,153 3,593 -13.5%
Days on Market Until Sale 56 55 -3.5%
New Listings 1,498 1,714 +14.4%

Condominium Market

July 2014 July 2015 +/-
Inventory of Homes for Sale 1,924 1,590 -17.4%
Days on Market Until Sale 50 41 -19.5%
New Listings 1,064 1,077 +1.2%

Inventory for single-family homes and condos continued to decline from year ago levels in July, the decrease in the number of homes and condos for sale was more modest than for any other month this year. Notably new listings for both detached single-family homes and condos improved on a year-to-year basis last month, with a 14.4 percent increase in number of single-family homes listed for sale and a 1.2 percent gain in the number of condos added to the market this July compared to July 2014. As the supply levels build, that will create more opportunities in the market for buyers going forward.

“The strength of the Boston area housing market and desirability for home ownership is self-evident when you see buyer demand reaching record levels at the same time local home prices are soaring,” McCarthy observed.

The residential real estate market in Boston saw near record levels of activity last month as a strong local labor market, low mortgage rates, and rising home values gave consumers the confidence to enter the housing market.

Find more in-depth July market data for the Greater Boston area here.  

About the Greater Boston Association of Realtors: The Greater Boston Association of REALTORS® (GBAR) represents over 6,500 real estate professionals throughout the Greater Boston and Eastern Massachusetts area and is one of the local boards of the National Association of REALTORS® – the largest trade association in America. GBAR® provides professional development courses, standard forms, legal reports and updates, brokerage counseling, legislative and regulatory representation, ethics, mediation and arbitration services, as well as recognition awards.

Real Estate News: Transforming the Old into New

With the massive amount of urban growth over the last few years, Boston and surrounding areas have started to plan innovative ways to supply housing.  There simply are not enough places zoned to support the amount of growth that the city is expected to see in the next 15 years. The Mass Smart Growth Alliance and Mayor’s administration believe that by the year 2030 there needs to be over fifty thousand housing units to keep up with this growth. That being said, Boston Real Estate developers have revolutionized the way they handle this opportunity.

Currently, developers are transforming underutilized properties to create new and improved apartments, condominiums and mixed-use buildings. Whether it be old churches, office buildings, warehouses or old fire stations, these vacant buildings should not and will not go to waste!

In Belmont, a family now calls a 4,300 square feet former fire station “home”. The two truck bays were converted into a family room and garage. The brick tower, once used to hang dry fire hoses, is now three stacked rooms.


 The Holy Trinity German Catholic Church on Shawmut Avenue in the South End will be transformed  into an eight-story glass and steel apartment building. With the contemporary feel, some original structures such as the Gothic-style puddingstone structure will remain intact not completely discarding the amazing architecture built in 1877. There will be 33 condominiums with the lower units boasting Gothic-arched window openings. And yes, the church tower will be a part of this new development!


In Boston’s Back Bay neighborhood, the former headquarters of Boston Consolidated Gas Co. is being transformed to 128 residential housing units. The developers decided they want the building to feel old and new keeping the aesthetic balance. In the public spaces, aspects such as elevator doors and fireplace will stay put.


Lastly in Medford, a city just outside of Boston, an old Catholic elementary school will be transformed into more condominium units. The former school of St. Francis of Assisi Church will be converted into nine triplexes and nine flats. Most of these units will have roof decks that look towards Boston so residents can enjoy beautiful city views.

st francis church

For more information or to see other buildings that have been or will be transformed visit