What to Know About Boston Marathon 2014!


The 118th Boston Marathon will take place on Monday, April 21, which is also Patriot’s Day here in Boston! The tragic events at last year’s Boston Marathon has only made this year’s marathon bigger, better and more profound. We are one Boston, Boston Strong, and we will carry on!

As your Boston real estate agent, I can tell you that the Boston Marathon is one of Boston, MA’s biggest events of the year, attracting thousands of people to Boston, either to run in the marathon or to cheer on those who are. If you can’t make it to the marathon, you can enjoy live coverage on CBS Boston’s WBZ-TV, beginning at 7 a.m.

The historic 26.2-mile course begins on Main Street in Hopkinton and finishes on Boylston Street in Boston’s Back Bay. This year, there are 36,000 official entrants!  Mobility impaired racers begin first at 8:50 a.m., followed by the wheelchair division at 9:17, handcycle participants at 9:22, elite women at 9:32, elite men and wave one at 10, wave two at 10:24, wave three at 11 and wave four at 11:25 a.m.

If you are participating in the Boston Marathon, you must pick up your bib number and race packet at the John Hancock Sports & Fitness Expo this weekend, April 18, 19 or 20. This expo features over 200 exhibits and attracts over 100,000 attendees. Whether you’re racing in the marathon or not, it’s definitely a sight to see!

If you are a spectator to the Boston Marathon this year, a new no-bag rule is in effect, so be smart and don’t bring any type of bag with you! Also not allowed are glass containers, strollers, any container capable of holding more than one liter of liquid, vests with pockets, costumes covering your face, props or any large items.

After the race, the Official Post-Race Party will take place at Mile 27, presented by Samuel Adams!  This will include the awards ceremony, light dinner fare and beer, with a re-broadcast of the race on large screens. Head to the House of Blues from 7:30 p.m. to 12:30 a.m., or head to the Fenway Park Open House from 6:30 to 8:30 p.m., where race participants can relax with family and friends and celebrate.

If you have out-of-town friends or family members coming to Boston, let them know that there are shuttle services from certain Boston, MA hotels, such as the Marriott Copley Huntington Ave, Sheraton Boston, Back Bay Hotel Stuart St., Seaport Hotel Seaport Lane and many others.

Will you just be heading to work Monday and cheering on participants from afar? Check out the road closures for that day and approximately what time each road will be closed. It is definitely a smart idea to take public transportation into the city. 

Can’t make it to Boston, MA for this year’s marathon? Mark your calendar now: next year’s race will take place on April 20!

Patti Fine
Phone: 617-642-7585
Email: pf@pattifine.com

Boston Market Statistics for the Week of 4/11/14


Presenting you with your monthly market stats for the Greater Boston area single family homes...


Real Estate Market Chart by Altos Research www.altosresearch.com
For single family Boston properties in zip code 02129 there was a total of 11 homes listed as of April 11th.   With an average of 2,032 square feet and 3.09 bedrooms, the median list price comes out to $750,000. 3 homes were newly listed. Finally, with an average of 32 days on the market, 1 of the 11 homes were absorbed.


Presenting you with your monthly market stats for the Greater Boston area condos...


Real Estate Market Chart by Altos Research www.altosresearch.com

The numbers for Boston condos in zip code 02129 are promising. The median listing price was at $639,000 at a total inventory of 38. The average condo size is currently sitting at 2,282 square feet, along with an average of 2.25 bedrooms and 2 bathrooms. With an average of 55 days on the market, 1 of the 38 condos were absorbed.



Below is an interactive chart for zip code 02129, showing the 90 day average of Median home prices of Single Family Homes and Condos over the past several years.  Please feel free to use the bottom arrow to scroll through the data.  



Data provided by ©2013 Altos Research LLC

Data and charts are based on the last 2 weeks, but are current to the day.  I have the ability to focus on different zip codes in the Boston area.  Please contact me with whatever your area of interest is; 02116, 02118, 02129 and I will be glad to help you, just let me know!


Patti Fine
Phone: 617-642-7585
Email: pf@pattifine.com

Why You Should Sell Your Boston, MA Home This Spring!


In my last blog post, I shared with you why the ideal time to buy a Boston home is this spring. When that is the case, sometimes it means that it’s a buyer’s market and it isn’t the ideal time to sell. That is not the case right now! It is the ideal time to buy because if buyers wait, they’ll be paying more. However, the favor is in the hands of Boston home sellers. This is your time!

Housing Wire shared an article that stated that 2014 should prove to be the strongest year for housing activity since before the Great Recession, that demographics should start to favor housing activity, and that mortgage availability shouldn’t worsen and may improve. All of those projections set up the rest of this year as being ideal for buying or selling real estate in the Boston real estate market!

So, why should you sell now rather than wait for home prices to increase even more, as they are predicted to do? As your Boston real estate agent, I want to help explain that to you.

Competition will increase.

It is almost a sure thing that the Boston real estate market will heat up as the weather heats up, and since we had a slow winter market, this may be even truer this year than in the past! New homes are also on the rise around Boston, MA.

This means that your listing will be up against a lot more listings if you wait, and then potential Boston homebuyers will have a lot more options, which means that you lose some of your negotiating power and appeal. When you sell with fewer homes on the market, this forces more buyers to take an interest in your home, and to possibly even begin a bidding war on your home.

If you have lots of interested buyers, you can raise the price and perhaps get more for your home than if you were to wait for prices to appreciate on their own. And with prices and mortgage rates predicted to rise, it’s a good idea to sell now, while buyers are still out and eager! They might disappear if home affordability lowers too much all at once.

Buy up or down now.

If you are looking to sell your Boston home so that you can downsize, upsize or relocate, now is the time to do it. Rising mortgage rates and home prices will affect you, too. The longer you wait, the more you’ll be paying for your next house, especially if you’re looking to buy a bigger, better home. If you’re downsizing, you’ve got some more leeway. If you’re relocating, it depends on how the real estate market is doing in that area. But if the size or location of your current home is stressing you out, don’t put off changing your circumstances any longer.

If you’re happy where you are, and you have some time to wait for rising equity, that is a decision that is fully up to you. If you can afford repairs, perhaps you’d rather go that route. If you like your location, there is no reason that you have to move right now. Use this MSN Real Estate article to help you decide whether moving now or waiting is the right choice for you.

If you’re feeling unsure whether to sell your Boston home this spring, contact me, your Boston real estate agent. We can discuss your options! If you know you’re ready to sell, I am here to offer you professional assistance. 

Patti Fine
Phone: 617-642-7585
Email: pf@pattifine.com

Why to Buy a Boston, MA Home This Spring!


The spring season officially begins tomorrow here in Boston, MA, and we’re finally starting to see some rising temperatures! That is great news for all of us with spring fever, looking forward to enjoying the outdoors and warmer, sunnier days ahead. It’s also great news for the Boston real estate market, because real estate always reawakens and gets busy as the temperatures warm up.

As your Boston real estate agent, I’d like to inform you that if you want to buy a Boston home, now is the best time for you to do it! Not this summer, not in the fall, and not next year. Right now is the optimal time for home-buying. To help you understand why, here is a summary of reasons that The KCM Crew shared for buying a home now:

1.  Competition is about to increase. As the spring market heats up, competition from other Boston homebuyers will increase and it’ll be harder to score the house of your dreams. Not only will you lose negotiating power, but you might lose the house you love altogether to another buyer! Realtor Magazine recently reported that four million renters say they’re eager to buy. This could be who you’re up against!

2.  Price increases are on the horizon. As the housing market and economy continue to recover from the downturn, home prices continue to rise and home equity returns. Nationally, home prices are predicted to increase by 4.5 percent in 2014 and by over 19 percent from now until 2018! The sooner you buy, the less the home might cost. Also, if there is less competition, the seller will have less power to raise the price, and there is less chance that you’ll find yourself in a bidding war.

3.  Interest rates are projected to rise. While home prices are predicted to rise, mortgage rates are predicted to do the same and already have been increasing each week for awhile. Major mortgage companies have projected that the 30-year mortgage rate will be over 5 percent by the spring of 2015, but some predict it will reach 5 percent even by this summer! As you can see from this infographic, a small rise in mortgage rates adds up really fast in extra money paid per month.

Buying a Boston home will also help create family wealth, because homeowners are found to have a net worth 30 times greater than that of renters! Also, by purchasing a home soon, at the lowest possible price, you’ll hopefully be then selling it someday at the highest possible price, as the Boston real estate market continues to recover and homeownership appreciates in value.

When you’re ready to buy a Boston home, or you have questions about all of this, contact me, your Boston real estate agent. I am ready to help you as soon as you’re ready to buy!

Patti Fine
Phone: 617-642-7585
Email: pf@pattifine.com

Boston Market Statistics for the Week of 03/07/14


Presenting you with your bi-monthly market stats for the Greater Boston area single family homes...


Real Estate Market Chart by Altos Research www.altosresearch.com
For single family Boston properties in zip code 02118 there was a total of 3 homes listed as of March 7th.   With an average of 4,391 square feet and 4.00 bedrooms, the median list price comes out to $2,995,000. No homes were newly listed. Finally, with an average of 98 days on the market, none of the 3 homes were absorbed.


Presenting you with your bi-monthly market stats for the Greater Boston area condos...


Real Estate Market Chart by Altos Research www.altosresearch.com

The numbers for Boston condos in zip code 02118 are promising. The median listing price was at $779,000 at a total inventory of 32. The average condo size is currently sitting at 1,304 square feet, along with an average of 1.84 bedrooms and 1.62 bathrooms. With an average of 33 days on the market, 10 of the 32 condos were absorbed.



Below is an interactive chart for zip code 02118, showing the 90 day average of Median home prices of Single Family Homes and Condos over the past several years.  Please feel free to use the bottom arrow to scroll through the data.  


Data provided by ©2013 Altos Research LLC

Data and charts are based on the last 2 weeks, but are current to the day.  I have the ability to focus on different zip codes in the Boston area.  Please contact me with whatever your area of interest is; 02116, 02118, 02129 and I will be glad to help you, just let me know!


Patti Fine
Phone: 617-642-7585
Email: pf@pattifine.com

Plan Your 2014 St. Patrick’s Day in Boston, MA!


If you just recently bought a house and moved to Boston, here is important information to know: St. Patrick’s Day is huge here! Whether you’re Irish or not, as a Boston real estate agent, I encourage you to participate in at least one local St. Patrick’s Day celebration. Get the feel for the history and the culture.

If St. Patrick’s Day isn’t your thing, check out what else is happening this month on my What’s Happening around Boston page.

St Patrick’s Day Parade

The St. Patrick’s Day Parade in South Boston is the biggest event of the season. This year, the parade will take place on March 16, beginning at 1 p.m., and usually lasts around three hours. This is said to be the second largest parade in the country and is viewed by up to one million people every year!

It begins at the Broadway MBTA station and ends at Andrew Square, so staking out a viewing location anywhere along Broadway is a safe option. There, you will get a great view of marching bands and bagpipe players from Ireland, Boston and across the U.S., along with lots of colorful floats.

Spirited Events

The 6th Annual Irish Pub Challenge on March 8 is where beer lovers unite in the Financial District and Downtown Boston for an annual tradition. Participants download an app that takes them through the route, where they can earn points at different stops along the way. Get a team together and have fun!

The Saint Paddy’s PubCrawl Boston is another annual tradition that takes place at a long list of Irish, and non-Irish, pubs and bars throughout the city. It begins near Faneuil Hall and stops at pubs all within walking distance of the Freedom Trail. Official t-shirts are available for $10. This takes place each night, from March 14 through March 17, so plenty of opportunities to partake!

Races

The 4th Annual Guinness Celtic 5K on March 9 is a great way to get a head start on your fitness goals this spring, rather than celebrating St. Patrick’s Day with booze! This run takes place in Worcester, MA and starts around 11 a.m., with the Worcester parade beginning an hour later. Post-race parties take place at local bars along the race route. 

The 3rd Annual Medway Shamrock Shuffle on March 15 is held at Medway High School, beginning at 9 a.m. The top three male and female finishers, as well as First Place titles for all age categories, will win prizes. This race is great for the whole family to participate in! 

St. Patrick’s Day Road Race on March 16 takes place before the St. Patrick’s Day Parade in South Boston. It begins at 11 a.m. at the South Boston Boys & Girls Club. Run with the crowd, or cheer them on, and then head straight to the parade afterward! 

The 14th Annual Barton Center St. Patrick’s Road Race/Walk on March 17 is a four-mile course that benefits diabetes education. Walkers begin at 12:30 p.m. and runners begin at 1 p.m. Run or walk for a great cause and then enjoy a delicious buffet and awards ceremony afterward. Non-racers can enjoy the buffet for $10. 

Patti Fine
Phone: 617-642-7585
Email: pf@pattifine.com
Patti Fine Real Estate
Greater Boston Area Homes
Search Greater Boston Area Homes

Boston Market Statistics for the Week of 2/21/14


Presenting you with your bi-monthly market stats for the Greater Boston area single family homes...


Real Estate Market Chart by Altos Research www.altosresearch.com
For single family Boston properties in zip code 02116 there was a total of 9 homes listed as of February 21st.   With an average of 5,000 square feet and 4.89 bedrooms, the median list price comes out to $3,995,000. 0 homes were newly listed. Finally, with an average of 96 days on the market, 2 of the 9 homes were absorbed.


Presenting you with your bi-monthly market stats for the Greater Boston area condos...


Real Estate Market Chart by Altos Research www.altosresearch.com

The numbers for Boston condos in zip code 02116 are promising. The median listing price was at $1,399,500 at a total inventory of 66. The average condo size is currently sitting at 1,640 square feet, along with an average of 2.06 bedrooms and 2.08 bathrooms. With an average of 56 days on the market, 5 of the 66 condos were absorbed.


Below are the 7 day average price compared to the 90 day average price for Single Family Homes and Condos in 02116.


Data provided by ©2013 Altos Research LLC

Data and charts are based on the last 2 weeks, but are current to the day.  I have the ability to focus on different zip codes in the Boston area.  Please contact me with whatever your area of interest is; 02116, 02118, 02129 and I will be glad to help you, just let me know!


Patti Fine
Phone: 617-642-7585
Email: pf@pattifine.com

Save Up For A Down Payment On A Boston, MA Home!


Now is the time to buy a Boston home! Mortgage rates decreased for five straight weeks, but last week, they rose again and are projected to continue increasing this year, according to The KCM Crew. The sooner you buy, the more you’ll save each month on a mortgage payment!

Fox Business recently shared how to get the lowest mortgage rate, depending on what type of home you buy, what type of loan you get and how much of a down payment you have saved up. Having a large down payment is key in the Boston real estate market

A high down payment will mean a lower interest rate per month, saving you thousands over the course of homeownership. If you have enough saved to pay cash for your home, Boston home sellers will love you, especially if you find yourself in a bidding war.

As your Boston real estate agent, I want to share tips with you on how to save more money, so that when you’re ready to begin the home-buying process, you have a good amount saved up for a down payment.

How can you harness your willpower to save? Credit.com shared some tips:
  • Picture your goals. If your goal is to buy a Boston home, spend some time everyday visualizing that coming true. Create a vision board if that will help, with homes that look like one you’d like to buy. Focusing on your long-term goal will help you save moment-to-moment.
  • Remove temptations. Automate transfers from your paycheck to your savings. This will take the temptation out to spend your money instead of manually transferring it. Hang out with friends who understand your goals and don’t pressure you into spending. Carry only cash instead of credit cards.
  • Procrastinate. This is true when spending. Before you buy anything, browse around for the best price and find things you’d like to buy, but don’t buy them right away. Sit on it for a few days and decide if it’s a purchase that you really need or that really makes sense.
For more tips, check out the Credit.com article in its entirety. 

Looking for quick ways to save money that don’t take a lot of thought? Black Rock Blog shared ten quick money-saving tips that only take five minutes. Here are a few
  • Unsubscribe from three online retailer emails. The fewer ads you see, the less likely it is that you’ll buy unnecessary items.
  • Set up automatic bill pay for all of your credit card bills. This means no more late fees, which means no harm to your credit score.
  • Remove two credit cards from your wallet and put them in a drawer where you won’t be tempted to use them. Don’t forget to keep paying them off, though! 
When you’ve got a down payment saved and you’re ready to buy a Boston home, contact me. If you have questions about the home-buying process, also contact me. As your Boston real estate agent, I’m always here for you when you need me!

Patti Fine
Phone: 617-642-7585
Email: pf@pattifine.com
Patti Fine Real Estate
Greater Boston Area Homes
Search Greater Boston Area Homes

Boston Market Statistics for the Week of 2/7/14


Presenting you with your bi-monthly market stats for the Greater Boston area single family homes...
Real Estate Market Chart by Altos Research www.altosresearch.com

For single family Boston properties in zip code 02129 there was a total of 5 homes listed as of February 7th.   With an average of 2,812 square feet and 3.6 bedrooms, the median list price comes out to $939,000. 1 home was newly listed. Finally, with an average of 85 days on the market, none of the 2 homes were absorbed.



Presenting you with your bi-monthly market stats for the Greater Boston area condos...

Real Estate Market Chart by Altos Research www.altosresearch.com

The numbers for Boston condos in zip code 02129 are promising. The median listing price was at $649,000 at a total inventory of 29. The average condo size is currently sitting at 2,625 square feet, along with an average of 2.41 bedrooms and 2.20 bathrooms. With an average of 83 days on the market, 3 of the 29 condos were absorbed.


Below are the 7 day average price compared to the 90 day average price for Single Family Homes and Condos in 02129.



Data provided by ©2013 Altos Research LLC

Data and charts are based on the last 2 weeks, but are current to the day.  I have the ability to focus on different zip codes in the Boston area.  Please contact me with whatever your area of interest is; 02116, 02118, 02129 and I will be glad to help you, just let me know!


Patti Fine
Phone: 617-642-7585
Email: pf@pattifine.com
Patti Fine Real Estate
Greater Boston Area Homes
Search Greater Boston Area Homes

6 Valentine’s Day Events in Boston, MA This February!


Now that it’s February here in Boston, MA, I feel like the only thing getting us through the snow and cold is the idea that Valentine’s Day is right around the corner! After that, spring will hopefully start gracing us with its presence in small, subtle ways. Let’s hope!

As your Boston real estate agent, I love to know that Boston residents are enjoying this great city and all that is has to offer. That’s why I put together a list of Boston events happening each month on my website. Today, though, I’d like to solely focus on events and activities happening for the most loved and hated holiday of the year.

Whether you have a special someone to celebrate with, or you’re celebrating being single and loving chocolate, wine and flowers, there is something for everyone to enjoy this year for Valentine’s Day!

1.  Are you single but wishing you had someone to spend Valentine’s Day with? Check out First Fridays at the Museum of Fine Arts! This month’s First Friday is called “Cupid’s Arrow” and will include a DJ and a special love potion cocktail from 6 to 9:30 p.m. Tapas, art and more also included. Get your tickets! 

2.  Get in the romantic spirit with a classic film. Casablanca will play at the Brattle Theatre in Cambridge from Feb. 13 to Feb. 15, where you can watch the old-fashioned love story between Humphrey Bogart and Ingrid Bergman. Murals from the movie can be viewed at the theater as well. Afterward, head to Burdick’s down the street for their famous hot chocolate! 

3.  Head to the Boston Wine School on Friday, Feb. 14, from 6:30 to 9:30 p.m. for the special Valentine’s Day wine pairings! The In Love with Wine and Chocolate class and dinner includes a sophisticated three-course dinner, five chocolate tastings and wine pairings. It’ll be the tastiest Valentine’s Day you’ve ever had! 

4.  On Friday, Feb. 14, take your date to Hampshire House on Beacon Hill for Dining in the Dark! You will enjoy a four-course dinner, accompanied by stirring music, all done in total darkness. It’s said to be half dining, half theater, and you and your date are among the actors. It’ll be unforgettable, that’s for sure! 

5.  There are always the ever-romantic Valentine’s Day dinner cruises on Boston Harbor to enjoy for Valentine’s Day. Odyssey offers special cruises that include an elegant dinner, champagne, live music, a dance floor and plenty of fabulous sights of Boston, MA from the boat! 

6.  The Boston Wine Festival is up and running from now through early April, but on Feb. 15 is a special Valentine’s Day event! Enjoy a Champagne Dinner Dance, featuring live music, dancing and elegant, gourmet food pairings with champagne from Moet Chandon. 

Plenty of Boston restaurants are featuring special Valentine’s Day menus and music, and numerous Boston hotels have Valentine’s packages. You’re sure to find some way to celebrate this holiday in Boston, MA as a way to split up the winter season!

When you’re ready to buy a Boston home or sell your Boston home, contact me! As your Boston real estate agent, I’m always here when you need me.

Patti Fine
Phone: 617-642-7585
Email: pf@pattifine.com
Patti Fine Real Estate
Greater Boston Area Homes
Search Greater Boston Area Homes