News – News – News

Boston’s own Joey Kramer, drummer of Aerosmith, finally sold his house in Marshfield Hills, a coastal town south of Boston, after being on the market for 19 months. The 6,200 square foot house sat on 17 acres of land and included 4 bedrooms, a recording studio, a guest house, a pool, and three stand-alone garages. Kramer took a loss on the property however, originally asking $5 million in 2008 and settling for $2.7 million yesterday.

Governor Deval Patrick announced yesterday that he is allotting $5.1 million in Federal funding to boost preexisting neighborhood stabilization programs after exponential increases in foreclosures since 2007. The neighborhoods getting the boost are Framingham, Leominster, Lynn, Marlboro and Worcester, and with it they hope to acquire foreclosed homes and get them back on the market to be sold or rented.

Ronan Tynan, former “God Bless America” singer for the Yankees (Boooo!) announced that he will be “Shipping Up To Boston” after being fired from the Yankees after news of alleged anti-Semitic remarks. The Irish tenor hopes to find work in Boston with friends after spending months in New York looking for work while being accosted on the streets, but will still keep an apartment in New York claiming that he hasn’t given up on the metropolis yet. So what got him fired? A passing comment about “two Jewish ladies” that was mistaken for a racial slur while his apartment was being shown to potential buyers…

Some quick stats (compiled from the MLS) from fellow blogger, John Ford, of The Boston Real Estate Blog, comparing condo sales in Boston in 2009 with 2010 for the dates of Jan 1st – March 5th:

$500,000 – $800,000 sales in 2009 – 28
$500,000 – $800,000 sales in 2010 – 66

$801,000 – $1,000,000 sales in 2009 – 8
$801,000 – $1,000,000 sales in 2010 – 17

$1,001,000 – $1,500,000 sales in 2009 – 8
$1,001,000 – $1,500,000 sales in 2010 – 18

$1,501,000 – $2,000,000 sales in 2009 – 2
$1,501,000 – $2,000,000 sales in 2010 – 13

Above $2,000,000 Boston condos sales – 11

Above $2,000,000 Boston condos sales – 16

^GOOD NEWS!^

Finally, as you probably know if you’re on top of the market, Sunday is open house day in Boston! It’s going to be a beautiful, sunny day with high’s in the low 50’s, so get on out there and scout out some properties! CLICK HERE TO SEARCH OPEN HOUSES ON CONDODOMAIN!

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