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Spring 2020

Setting the tone for sophisticated real estate services

At Engel & Völkers Boston, we strive to embrace our city’s simple ethos

— we work hard, and we play hard. Our real estate advisors work each deal with the same drive and intensity as if they were purchasing the property for themselves.

Our advisors are not only the most successful in our area, they also share traits which align with Engel & Völkers’ culture, such as teamwork, passion, and competence. With our state-ofthe-art real estate tools and technology, premium brand rec-ognition, and unrivaled market knowledge, we are able to offer our clients first class service during the purchase or sale process.

We look forward to hearing from you soon and advising you on your next real estate deal.

Charlestown

Engel & Völkers 895 offices in 33 countries

Engel & Völkers is one of the world’s leading service companies specialized in the brokerage of premium residential property, commercial real estate, yachts, and aircrafts. Based in almost 900 locations, Engel & Völkers offers both private and institutional clients a professionally tailored range of services.

Consultancy, sales, and leasing form the core competences of the staff of more than 11,000 advisors and employees. Engel & Völkers is currently operating in 33 countries on four continents. Intensive training from our in-house real estate Academy and the high level of quality assurance governing its systematically structured service provision are key factors that account for the Company’s success.

is what you can & Völkers advisor

Providing unprecedented Völkers offers the Domestic & Global maximize online buyers worldwide strategic online and don’t stop there.

Smart marketing. Extensive exposure.

Giving you the EDGE.

than 11,000 real 30 countries, we consumers, but are able to Völkers advisors to buyers for the specific to sell your home

Engel & Völkers

Giving you the EDGE

Global reach with boutique style is what you can expect when working with an Engel & Völkers advisor here and around the world. Providing unprecedented reach of your property, Engel & Völkers offers the exclusive EDGE (Extensive Domestic & Global Exposure) platform designed to maximize online exposure of your listing to qualified buyers worldwide via a suite of highly trusted and strategic online and mobile marketing partners. But we don’t stop there. With a global network of more than 11,000 real estate professionals in more than 30 countries, we not only reach millions of consumers, but are able to collaborate with our fellow Engel & Völkers advisors to strategically handpick and refer buyers for the specific properties they seek… like yours.

With a global network of more than 11,000 real estate professionals in more than 30 countries, we not only reach millions of consumers, but are able to collaborate with our fellow Engel & Völkers advisors to strategically handpick and refer buyers for the specific properties they seek … like yours.

Let us provide the EDGE you need to sell your home and begin your next adventure.

Beacon Hill Neighborhood Statistics

Brick rowhouses and sidewalks, beautiful doors and windowboxes all add to the charm that can only be found in Beacon Hill. Last year the number of homes/condos sold, average sales price, and days on market all increased. The ratio of sales to list price dropped slightly. Over the past four years the sale “price per square foot” has gone up 23%.

Data per MLSPIN

Beacon Hill Featured Property

66 Revere Street

New listing coming soon! Enchanting single family home located in the heart of Beacon Hill. 66 Revere is beautifully updated and appointed throughout and features a well thoughtout floor plan designed for modern day living. Featuring gorgeous natural light throughout, crown moldings, numerous built-ins, multiple fireplaces, recessed lighting, and two private outdoor spaces, this one-of-a-kind home is not to be missed. All of this perfectly located just steps from the acclaimed shopping and restaurants of Charles Street, the Esplanade, MGH/ MEE, public transit and offering easy access to highways.

Back Bay Neighborhood Statistics

From the rich history of the homes and buildings to the trendy vibe of the shops and restaurants, Back Bay is a place many people wish to call their home. Last year the number of homes/condos sold, average sales price, and the ratio of sales to list price all dropped slightly. Over the past four years the sale “price per square foot” has gone up 5%.

condos

Back Bay Featured Sale

The W Boston, Unit 22B

We are pleased to announce this stunning unit was listed and sold by Engel & Völkers. It has 2 bedroom, 2.5 baths, from floor to ceiling windows, built in office nook, master bedroom suite with double vanity and walk-in closet, and dramatic views from 3 exposures. Residents enjoy all of the amenities of The W hotel plus concierge, doorman, fitness center, Bliss Spa, and more. Fabulous location close to the Public Garden, Commons, fine dining and shopping, Theater District, highways and public transportation. One garage valet parking space included. Sold for $2,050,000 - 94% of asking price. Let us do the same for you!

South End Neighborhood Statistics

The South End is one of the most beloved and popular neighborhoods. Last year the number of homes/ condos and the ratio of sale to list price, this is the amount buyers can expect to pay, dropped slightly. The average sales price and days on market were up. Over the past four years the sale “price per square foot” has gone up 15% but has leveled off.

South End Featured Property

505 Tremont Street, Unit 604

Outstanding front-facing 2+ bedroom home at Atelier – the South End’s premier full-service building. Open plan features 2 bedrooms + study, 2½ baths, 2 private balconies, and a wall of south-facing floor to ceiling windows showcasing South End views. Spacious kitchen with SieMatic cabinetry, top of the line appliances, & walk-in pantry. Master bedroom suite has walk-in closet and en-suite bath. Includes garage parking. Atelier features 24-hour concierge and doorman; residents can enjoy fitness room, private library, landscaped terrace, & caterers’ kitchen. Just steps from restaurant row and the best of the South End. Offered at $2,700,000.

South Boston Neighborhood Statistics

South Boston is home to many young professionals and families who are drawn to the vibrant community & convenient location. Last year the number of homes/condos sold and the ratio of sale to list price dropped slightly. The average sales price and days on market were up. Over the past four years the sale “price per square foot” has gone up 22%.

Seaport District Neighborhood Statistics

The Seaport District is Boston’s newest neighborhood with an influx of new luxury buildings. Last year the number of homes/condos sold, average sale price, and the ratio of sale to list price, increased. The average days on market was down. Thanks to luxury buildings, the “price per square foot” has gone up 62% over the past four years.

Midtown Neighborhood Statistics

Boston’s Midtown is centrally located and home to many full-service buildings near the Boston Common. Last year the number of homes/condos sold and the ratio of sale to list price dropped slightly. The average sales price and days on market increased. Despite the rise in sale prices, over the past four years the “price per square foot” has dropped almost 13%.

Data per MLSPIN

Spectacular corner 3 bedroom, 3 bathroom “Grand Residence” boasting breathtaking views from the 43rd floor of Millennium Tower. Floor-to-ceiling glass windows showcase panoramic views of Back Bay, Beacon Hill, the Charles River, Boston Harbor, and beyond. Enjoy cooking in the open gourmet chef’s kitchen and dining while overlooking the city. Upgraded hardwood floors throughout, gas fireplace, automatic window treatments, and 2 valet parking spaces complete this truly one-of-a-kind residence. Tower residents enjoy unparalleled 5-star amenities including concierge, private dining, 75’ lap pool, and fitness center. Offered at $4,295,000.

Boston’s Waterfront has a rich history and is home to many full service buildings, Harborwalk, and the Aquarium. Last year the number of homes/condos and the ratio of sale to list price dropped. The average sales price and days on market were up. Over the past four years the sale “price per square foot” has gone up almost 14%.

North End Neighborhood Statistics

The North End is one of Boston’s most historic neighborhoods, famous for its narrow streets and amazing restaur-ants. Last year the number of homes/condos sold and the ratio of sale to list price, decreased. The average days on market and average sale price was up. The “price per square foot” has gone up 10% over the past four years and peaked at $970/sq.ft. last year.

Charlestown Neighborhood Statistics

Charlestown is steeped in history with brick townhouses and clapboard triple deckers. Last year the number of homes/condos, days on market, and average sale price were all up. The ratio of sale to list price dropped to 100%. Over the past four years the “price per square foot” has gone up almost 13% and appears to have leveled off.

Cambridge Neighborhood Statistics

is located directly across the Charles River from Boston. It is home to famous univeristies and highly

As the below graph indicates, rates are at historic lows and time to buy, sell, and invest in

Homeownership is really the way to build wealth and a drop in rates effectively makes priced house from a year ago 10% cheaper today in monthly payments.

indicates, mortgage and it is a great in real estate.

the single best one percent makes the sameago more than monthly mortgage

The big question:

ShouldIbuyahouse?ThatisthequestiononAmericans’ minds—literally, Google search data shows.

Since the beginning of March, Google users in the U.S. also searched “Mortgage loan” more than they did any month prior, double the rate of searches in February. The phrase “Mortgage rates today” also reached its alltime high last week on Google Trends.

Searches for “Should I buy a house” and “Mortgage rates today” peaked on March 3, and searches for “Mortgage loan” peaked on March 4, following the Federal Reserve’s sudden move to cut interest rates by 50 basis points to combat the economic impact of the coronavirus. The 30-year fixed mortgage rate fell to a recordlowof 3.29%lastweek,accordingtoFreddieMac.

Engel & Völkers Cares

Engel & Völkers is a proud champion of Special Olympics, specifically focused on creating more inclusive communities through its Athlete Leadership and Play Unified programs. We are committed to giving back to and investing in the neighborhoods our clients desire because these too are the places in which we live, we play and we raise our families.

Special Olympics athletes contribute to our story. From them we learn to think differently and realize what we can accomplish. As individuals and local brokers, together and across time zones, it’s a common good that unites us. Every hour given, every dollar donated, every kind word spoken and every door opened creates opportunities for those who need it most. We believe that in order to lead, we must empower others to do the same.

Ask how our shop specifically contributes to this amazing cause.