Foreclosure petitions drop, but deeds nearly double

A record number of foreclosures were recorded across the state in July, but the number of petitions to foreclose dropped, according to the Warren Group, which publishes Banker & Tradesman.
The petitions are the first step of the foreclosure process, and many times the financial problems can be resolved before the properties are sold.
Fewer petitions may be a hint that the housing crisis is abating. The federal government has created programs to help rescue homeowners who are facing foreclosure.

Plum Beacon Hill building sold

Plum Beacon Hill office building sold
A California-based real estate investment and management company with offices in Waltham has bought the 11-story office building at 9-11 Beacon St., Beacon Hill.
Nathan R. Miller Properties sold the 147,751-square-foot building Aug. 11 to 11 Beacon LLC, which is part of DivcoWest Real Estate Services in San Francisco, for $16 million.
Stuart Shiff, founder and a principal of DivcoWest, said in a press release it plans to upgrade the property to attract public agencies and professional firms as tenants.

Fall in love with color this season

Fall in love with color this season

Fall color story - GRAY 2Picture an autumn day in New England: brilliant gold leaves juxtaposed against a gray sky.

Now, imagine bringing these colors inside to the walls, furniture and other surfaces of your home. It’s a color scheme that will be easy to execute this fall, with offerings at popular retail stores and upscale showrooms.

Gray walls are cozy and enveloping. Texture is important in a neutral room, so the woven veneer lampshade and the diagonal weave of the rug look smart. The deep orange of the couch pillow and side table prevents monotone overload.
COURTESY PHOTO / WEST ELM

If you’re painting gray on the wall, Farrow & Ball has Elephant’s Breath (#229), a contemporary light gray with a bit of purple undertone. It plays nicely in a room with warm or cool colors.

Paint the trim with Shaded White (#201), a true gray. Shades like Cornforth White (#228) and Blackened (#2011) are grays that blend in well with the stainless steel appliances in the kitchen. Layering neutrals can create interest in a room.

Median prices rise in six neighborhoods

Median prices rise in six neighborhoods

ArtBlock East EXTERIORLocation, location, location is what real estate is all about, and July’s numbers and prices reflect that.

Although the sales volume of condominiums and co-operatives in the 11 neighborhoods covered by Boston Homes was less than a year ago – and in some cases even a month ago – the median sale prices are increasing.

A one-bedroom penthouse at ArtBlock East at 725 Harrison Ave. in the South End sold for $663,000 in July.

Data from the Listing Information Network show that 56 sales were recorded in July in the Back Bay/Midtown neighborhood, and the median selling price was $740,000.

That is higher than the $545,000 median selling price that the Warren Group reported for Boston, which it defines as Back Bay, Beacon Hill, the South End and the Waterfront neighborhoods.

That $740,000 sum was for a two-bedroom, 1,022-square-foot condo at 180 Commonwealth Ave.

South End townhouse sells for $2.5 million

South End townhouse sells for $2.5 million

120 Pembroke St. LIVING ROOMThe elegant single-family brick townhouse at 120 Pembroke St. in the South End is among July’s spectacular sales in the city. It sold for $2.5 million.

Conor Chamberlain of Sprogis & Neale Real Estate had listed the four-bedroom home, which includes an au pair suite. Steven Cohen of Keller Williams’ Boston Back Bay office was the selling broker.

Crown molding, a chair rail and a large fireplace create a comfortable room.

Constructed circa 1865, it was completely renovated during the past decade, and three years ago, smart technology was introduced that allows you to control the heating, lighting and audio from outside the home via the Internet or within the house.

The bowfront home has 4,498 square feet of living space, and it is designed well.


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