1577 Beacon Street
Brookline, MA 02446
Boston Town Properties
BOSTON TOWN PROPERTIES specializes in buyer's representation, sales, relocations, and residential leasing in Brookline, Newton, and Boston proper. Our clients entrust us with their home searches and property portfolios, in turn we treat this as a fiduciary responsibility.
With years of experience in these areas, we have extensive knowledge of neighborhoods and properties street by street. We enjoy the aesthetic quality of real estate and are attuned to architectural and landscaping significance as well as community identities and municipal amenities. We welcome the opportunity to work with you.
Please inquire about our relocation service. Recently, we have worked with individuals from Japan, Brazil, Chicago, Saudi Arabia, California, New York, Ireland, Germany, Canada, and many other geographies. Our relocation service is tailored to the needs of professionals and families.
Boston Town Properties - Market Update
In this section of the website, we will be providing current analyses of a range of trends in the Greater Boston residential real estate market. Clients will also be able to access archived reports.
We provide these market reports for our broad range of clients: buyers, sellers, renters, property developers. We offer tailored market analysis and segment review for each of these clients. For each client's benefit, we limit our public market commentary to high-level trend/cycle/shift analyses, reserving for private client discussion the segment insight and dynamic inventory analyses that drives proprietary advantage. These consist of in-house statistics and observations not available from third-party vendors or major brokerages. This edge derives from our customized methodoogies based in economic, consumer, and demographic research, informed as well by architectural and interior design fundamentals and trends.
Several ongoing trends that we wish to highlight:
- Sales activity has slackened due to a combination of seasonality (late summer departure of buyers), limited inventory (supply contrained segments relative to buyers' preferences), upward mortgage rates (psychological shift from mid 3% to mid 4% levels), and competitive buyer exhaustion.
- The sales market has shifted from what briefly was a bull market to a now resilient one, with the sort of reduced volume consistent with an early economic cycle recovery.
- Rental activity has cooled sharply due to a variety of factors, including: lackluster employment (unemployment having risen from 6.4%-7.2% in Mass., per mid-August report); renter resistance to sharp price hikes (renters staying put in apartments priced below the marginal market rate); substitution at the margin amongst younger families and professional couples from renting to owning.
- Sales: We anticipate a better off-season due to persistently low mortgage rates.
- Rentals: We look for market adjustment via price deflation, improved fee terms for renters via landlord concessions, and moderate inventory absorption.