As we close out the first half of 2022, the Batterymarch Back Bay Index© (BBBI) registered a year-to-date price gain of 8.9% on a 31% decline in transaction volume. This compares to a modest 2.6% price gain on a 24% increase in transaction volume for calendar year 2021. For more on the BBBI and our methodology see here. …
Month: June 2022
Good views are universally at the top of most buyers’ wish lists. Views are especially important with high-end urban property. Everyone wants to look out over something pleasant - water, distant skyline, or green space. If you’ve got good views, chances are pretty good that you’ll also get good natural “light and air,” critical components of luxury property. Views shouldn’t be taken for granted, and with all of the construction projects in the City, many people are learning this lesson …
Located in the outskirts of Boston’s Back Bay on Commonwealth Avenue, the Ayer Mansion got our attention when it changed hands in an “off market” transaction last December. The $12.5 million purchase included two buildings, 395 Commonwealth (Ayer Mansion) and the neighboring building, 397 Commonwealth. We were surprised by the low price and when we learned that the seller was a non-profit entity and the buyer was a sophisticated real estate developer, our fiduciary antenna shot up. …
