Press Release

Longwood Towers Auction Results Are In

By Anthony Longo 4 04 2009

What a day! The Longwood Towers Auction kicked off without a hitch at exactly 1:00p.m. today at the Westin Copley Hotel in downtown Boston.

The buzz was flowing right from the second I valeted the car. A jam packed lobby and some very attractive hosts guided us to the elevator where we would ultimately get off on the 3rd floor. Here, the elevator door chimed open only to wait in a super long line of pre-registered bidders waiting to get their information packet, bidding paddle and some lanyards. Of course I cut the line and ducked into the room past the FBI-like security; where I met up with some of our clients in preparation of the hecticness to come.

At exactly 1p.m. - Accelerated Marketing Partners led by longtime peer Jon Gollinger, kicked off the auction for the luxurious Brookline property.

I managed to get a few photos of the auction event from my trusty iPhone and also managed to get a few clips of video on our FlipCam - but after getting my second warning and threat of getting ejected from the event - I decided to put it away. Its all good…we love AMP (Accelerated Marketing Partners) and we are happy to have several clients WIN a unit today! Enjoy the vids!

LONGWOOD TOWERS AUCTION HIGHLIGHTS

Total units for sale: 40

Total units sold: 46 (they added 7 units during auction and also pulled 1)

Total sale volume: $24,595,000

Avg Price Studio: $255,500 (75% Sale Price to Last Asking)

Avg Price 1 Bed: $348,929 (81% Sale Price to Last Asking)

Avg Price 2 Bed: $586,238 (69% Sale Price to Last Asking)

Avg Price 2+Den: $789,750 (63% Sale Price to Last Asking)

Avg Price 3 Bed: $1,072,667 (53% Sale Price to Last Asking)

So what does all this data mean?

There are lots of opinions on the subject. For starters - Longwood Towers is located in Brookline, MA. As gorgeous of a property as it is - it still is not downtown Boston or part of our urban core. Longwood has always served very well to the Longwood Medical community and of course the Fenway area - but is far from our core Back Bay, South End, Midtown, Waterfront, Seaport or North End neighborhoods. For Brookline lovers, Longwood is an ideal option to be close to town, but far enough from the busy streets of downtown.

I think the auction went out a WIN-WIN for both the developer and the new condo owners. If you pull comps for condominiums in Brookline, you will mostly see price per sq/ft in the $300-400’s, exactly where these prices fell today. For a luxury building like this I would only expect to see these PPSF prices in the high $400’s to $500’s in Brookline. The developer wins by unloading 46 units and setting the tempo for the remaining units in the project. All in all I think a great day for all.

DOWNLOAD THE ENTIRE XLS REPORT

If you would like the report in Excel please just email me (tony@condoDomain.com), and send $500 (kidding), and Ill shoot it out to you.

Watch Videos: Auction Intro | Bidding on a Unit

Comments : 10 Comments »
Categories : Auctions, Boston Condos, Brookline, New Developments, Press Release

CondoDomain Whitepaper: Year 1

By Erica Farthing 22 01 2009

Putting this Whitepaper together was almost as exciting as engaging in the real estate brokerage community this year. For all of you who have followed us through social media and our blogging efforts… and for all of you who have met us or become a client of ours: you all know we like to have fun along the way!

Well, while all of that fun that is publicly displayed, there is actually quite a bit of work that went on behind the scenes. I believe that this CondoDomain Year 1 Review reveals our true colors.

What will you find in this report?

i. Transactional Data / Commission Refunds
ii. Negotiation Advantage
iii. Demographics
iv. Customer Satisfaction
v. Why CondoDomain
vi. 2009 Corporate Forecast

Heck, its short enough….check it out.

Like Redfin’s similar real estate annual reviews, Ill let the statistics do the talking.

Congratulations to all of our team members here at CondoDomain for an outstanding 2008 and congratulations to all of our new clients and friends of the firm.

2009 is set to be an even bigger year.

DOWNLOAD THE 2008 ANNUAL REPORT

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Categories : Boston Condos, Boston Lifestyle, Boston Lofts, Boston Real Estate, Commissions, Mortgage Financing, Press Release, RE.TECH

Five Things

By Anthony Longo 3 09 2008

We hope that all of you have enjoyed a wonderful summer and we thought that we would send you a quick note with FIVE very exciting ‘things’ about our company!1.Hook up your friends and family! We are entering condo-buying season and we want to make sure we get the word out and remind you about our business model. Here @ CondoDomain.com we work on a flat fee commission, so regardless of what you buy, we are compensated the same and refund the remainder of our commission to you. On average our clients receive more than $13,000 back from us at the closing. So, be a good friend or family member and refer them to us so they can too save thousands of dollars and thank YOU for it! Here is how it works.

2.Breaking News! CondoDomain.com is pumping the Boston economy with its buyer broker commission refund. At the end of August, the company has given back more than $300,000 to its clients in Boston. Mr. Greenspan would be so proud of us! Our clients have used their refund to purchase new furniture, electronics, paid down condo fee’s and mortgage payments and one even bought a new car! Help us get to $1M and refer our company and our team members to your friends and family. Check out our team.

3.Commission Refunds are NOT taxable! Whooohooo. How did I miss this one? Via one of our most favorite clients (we love you all), we got some scoop that our commission refunds to our clients are NOT considered taxable income! So no matter if we are giving you back $5,000, $10,000 or our record breaking $35,000 cash refund - it is not considered taxable income!!! More here on our blog.

4.Developers & Marketing Personal Give It To Us! Our clients are thirsty for updated information on your new development. Got news?? New details?? Cool updates?? Send it our way and we will post to our online audience. Contact Jessica.

5.Keith Smith, Gary Tole & Dallas, TX. We are ecstatic to announce the opening of our second market - Dallas, TX! Local brokers Keith Smith & Gary Tole have helped us launch our flat fee buyers brokerage model in the Lone Star state. Welcome to the team Keith & Gary and we look forward to building Dallas with you! Visit the new Dallas website.

As always, we want to personally thank all of your for your referrals, help and support in making CondoDomain.com what it is today.

Sincerely,

The Entire CondoDomain Team
Boston & Now Dallas!
www.CondoDomain.com

PS - Facebook junkies. Join our Facebook groups.
Boston Real Estate Exposed
Dallas Real Estate Exposed
CondoDomain Main Group

Comments : 2 Comments »
Categories : Press Release

CondoDomain takes the silver

By Anthony Longo 25 08 2008

CondoDomain.com takes second place in the 2008 Real Estate Pacesetters contest which ran last week highlighting the best of the best in real estate and technology, web 2.0 and innovative real estate companies. See the results here

Obeo took the gold in first place.

CondoDomain.com took silver

Roost.com took the bronze

Thank you all for you support and your votes. This was a fun event and we were estatic to just make it to the final…forget about winning a silver medal! See you guys all next year….and Stearns…your going down!

Comments : 2 Comments »
Categories : Advertising, Boston Condos, Press Release, RE.TECH

CondoDomain Appoints National Director of Real Estate

By Erica Farthing 13 08 2008

brian-logan reid CondoDomain.com appoints Director of Real Estate in efforts to expand their new web-based buyers brokerage real estate model nationwide into its 33 pre-existing markets. Now operating in Boston (since January ‘08) CondoDomain.com is now ready to expand into its 3 year old network across the U.S.

Brian-Logan (”B-L”) will lead these efforts as the Director of Real Estate. He will oversee the initiation and launch of satellite offices across the country for CondoDomain.com. Working alongside CEO Tony Longo, B-L is responsible for recruiting and managing all new brokers nationwide as well as advising on the strategic, long-term business model of CondoDomain.

Prior to joining CondoDomain, Brian-Logan worked in the resort destination of Nantucket as a real estate broker, coordinating high end sales and luxury rentals.

B-L received his diploma from The Loomis Chaffee School and his Bachelor’s degree in Psychology from Middlebury College. He was a member of the two-time national championship lacrosse teams in 2001 and 2000 while simultaneously running a moving and storage company for three years. B-L’s business acumen in addition to his broad range of skill sets makes him an invaluable member of the CondoDomain corporate team.

B-L - WELCOME TO THE TEAM….WE ARE ESTATIC THAT YOU ARE HERE!!!

Check on Brian on CondoDomain | Facebook | LinkedIn

Comments : 2 Comments »
Categories : Press Release, RE.TECH

CondoDomain Boston Promotes New City Vice President

By Anthony Longo 18 06 2008

Press Release:

CondoDomain Boston Promotes New City Vice President

Boston, MA CondoDomain.com is pleased to announce that Jessica Anthony has been named City Vice President of its Boston marketplace.

Anthony, who previously worked for STAG Capital in Boston, joined CondoDomain earlier this year. From day one, she has helped contour and jump-start the new web-based buyers brokerage services when CondoDomain converted from an ad-based condominium website into a web-based real estate brokerage.

Jessica is a superior individual for this organization, noted Anthony Longo, Founder & CEO of CondoDomain.com. It was a simple decision to hand over the reigns considering what she has done for this startup and the response that we have received from our clients.

Anthony will now be in charge of all of the real estate brokerage activities in the Boston marketplace. Through her small team of condominium experts, she looks to set new benchmarks and service levels while continuing to fine-tune the business model locally.

At CondoDomain I work with $300,000 clients and $3,000,000 clients. I treat each client with the same level of professional courtesy and work equally as hard, said Anthony. Our clients engage us to help them with the purchase of their new home, it just makes sense that we are compensated for our service and expertise, not on the final purchase price of their home.

In addition, Anthony will strive forward to make CondoDomain the premier destination online and offline. By not only working with individual clients, Anthony will also manage our online audience through social networks, blogging, and other Boston syndicate channels.

About CondoDomain.com

CondoDomain.com is a web-based real estate brokerage based in Boston, MA. The company is expanding nationwide to offer its buyers brokerage services in more than 30 cities around the U.S. Currently operating in Boston, CondoDomain offers an innovative flat-fee business model allowing the majority of the commission to be refunded to the buyer. By combining up-to-date MLS feeds, new construction buildings, FSBO, Foreclosures, Lofts and Auction listings all on one site, CondoDomain has become one of the most popular and user friendly real estate websites available. CondoDomain.com offers a 100% satisfaction guarantee to all of its clients, ensuring a professional, efficient, and pleasant transaction. Visit www.CondoDomain.com for more information or feel free to dive into our blogs at www.CondoDomain.com/blog.

For more information, please contact Erica Farthing at (877) 852-6636.

Comments : 5 Comments »
Categories : Boston Condos, Press Release, RE.TECH