Real Estate Market Update - 2015 In Review

BOSTON & CAMBRIDGE REAL ESTATE MARKET UPDATE 2015 IN REVIEW

each office is independently owned and operated

gibsonsothebysrealty.com | 1

boston real estate market

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city wide market data

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neighborhood market updates

rental market update momentum. growth. foundation.

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5 - 18

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all neighborhood information sourced from LINK cambridge, dorchester & east boston sourced from mls rental information sourced from zumper.com

A LETTER FROM OUR OWNERS

H

ere at Gibson Sotheby’s International Realty we are proud to be part of such an extraordinary network and all of its outstanding achievements. The power of the Sotheby’s brand has been palpable throughout our history as a company and carries through to today as we continue to move forward in this ever changing world. We are constantly amazed at the quality not only of our team but of the Sotheby’s agents in our global network.

Since joining the Sotheby’s brand we have grown significantly and will continue to see this growth throughout 2016. When acquired, our company was operating with 70 agents and $250 million in sales per year. Eight years later we are nearly 250 agents, eight offices and have just exceeded the incredible billion dollar mark for a third consecutive year. This is an amazing feat for a company our size.

We are so fortunate to be backed by our own in-house marketing team of five dedicated professionals, a Relocation Department, a Rental Department, a network that encompasses over 17,000 dedicated professionals and more who are all steadfastly working together as we continue to grow.

Gibson Sotheby’s International Realty is uniquely qualified to assist you in purchasing or selling your most valuable possession- your home. Allow us to be a resource and share our extensive knowledge and tremendous experience with you.

Contact us today at info@gibsonsir.com or 866.766.7356.

Yours truly, Larry and Paul

Larry Rideout CEO, Owner

Paul McGann President, Owner

THE BOSTON REAL ESTATE MARKET

T

he Greater Boston real estate market saw huge advances in 2015 with a number of new luxury buildings and record selling prices. The market continues to transform as new buildings are catering

4 of the

country’s hottest real estate markets are in Boston

to those who are flocking to the city including empty nesters and millennials said to make up most of the buying population in 2016.

Empty nesters were named as the number one demographic that will flock to the city in 2016. This generation wants to be in a walkable neighborhood surrounded by restaurants, shopping and public transportation. Convenient locations are key.

Furthermore the increase in brand new developments and full service buildings throughout the city has drawn this demographic in as they downsize. These new developments include key features such as parking garages, concierge services, elevators and much more.

In addition, millennials are reshaping the housing market and are said to increasingly settle in cities throughout the United States in 2016 transitioning from renting to owning. This generation will play a large role in markets across the nation – including Boston, according to Realtor.com.

This younger generation of home buyers is gravitating towards cities that have an abundance of jobs and a trendy atmosphere of their own. With the number of

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Universities, hospitals and job opportunities in Boston, there is no surprise that the area is to see an increase in the number of millennial home buyers in 2016.

Where will these buyers be flooding to specifically?

It has been reported by the Boston Globe that of the top-10 hottest real estate markets in the country— four of those are in Boston. Ranked on seven factors including price increases, days on market and bidding wars, these four areas are without a doubt said to see an increase in buyers this year.

Cambridge’s Inman Square ranked number one on that list with a $660,000 median sales price and homes going for 68 percent over the asking price.

The other neighborhoods ranking highly include the Brighton-Allston area at number 3, Spring Hill in Somerville at number 6 and Cambridgeport at number 10.

“These four metro areas have set themselves apart in terms of attracting and creating high-wage jobs in tech, pharma, and finance and that has heated up the local housing market,’’ according to a local chief economist . “When a short supply of homes collides with high-income homebuyers you get this hot, hypercompetitive climate.”

With an influx of buyers and an increase in inventory, it Inman Square is without a saw median doubt that the housing market sale price of in the Greater Boston area will remain strong throughout 2016.

It can be said that residential real estate is amidst one of its best years since the recession!

$660,000

Sources: Realtor.com, Boston Globe, Boston.com

CITYWIDE MARKET DATA 39% of sales sold for over asking 2015 CITYWIDE RECORDS Avg Selling Median Selling Avg PSF Median PSF Dollar Volume

$965,130 $680,000 $808.90 $747.96 $3,099,033,234

Citywide improvements have been displayed across the board in 2015. After a slight decrease last year, the number of sales increased to a total of 3,211 in 2015. Additionally, the average sale price and average price per square foot both reached a new high.

Demand has remained strong over the past 2 years as the average days properties have been listed on the market remains at a low of 44 days.

info@gibsonsir.com | 4

CAMBRIDGE Across the river from Boston proper is Cambridge, home of prestigious universities like MIT and Harvard. With several distinct squares (Harvard Square, Central Square and Kendall Square), Cambridge’s diversity appeals to many people. It is also made convenient by the MBTA Red Line subway. Cambridge is home to a variety of unique restaurants and shops, as well as historically and culturally significant landmarks. Surrounding areas include Watertown, Somerville and the famous Charles River.

Average sale price increased to

$888,165

2012

2013

2014

2015

NUMBER OF SALES

1070

1044

856

786

AVERAGE SALE PRICE

$663,815

$731,760

$830,118

$888,165

AVERAGE $PSF - CONDOS

$476

$518

$553

$636

AVERAGE $PSF - SINGLE-FAM

$470

$511

$574

$612

AVERAGE $PSF - MULTI-FAM

$327

$354

$406

$431

AVERAGE DOM

55

37

36

32

A lack of inventory of homes for sale in Cambridge has led to a drop in sales.

257 MT AUBURN ST | SOLD ORIGINAL LIST PRICE | $2,488,000 5 | gibsonsothebysrealty.com

Demand for the area continues to grow as the average sale price along with the average price per square foot continues to increase across the board. While DOM is at a low of 32 days.

BACK BAY The Back Bay lays claim to some of the most exclusive real estate in Boston. A stroll down Newbury Street will take you from haute couture to haute cuisine, offering exclusive fashion boutiques and elegant restaurants with world renowned chefs. Commonwealth Avenue has some of the most elegant townhouses in the city, along with the pedestrian-friendly Commonwealth Avenue Mall - a picturesque, tree-lined green, dotted with sculptures and park benches. Marlborough Street has become a lovely refuge from the bustling shops. Back Bay is also home to the Public Gardens, Boston Common, the Charles River Esplanade and the historic Boston Public Library.

$1,111

Average price per square foot at a new high

In 2015 33% of sales sold for over asking 2012

2013

2014

2015

NUMBER OF SALES

575

514

442

439

AVERAGE SALE PRICE

$1,161,133

$1,233,984

$1,473,265

$1,575,710

AVERAGE $PSF

$808.23

$898.52

$993.17

$1,111.45

AVERAGE DOM

98

62

56

52

D emand to live in the Back Bay area of Boston continues to be strong. A shortage of homes for sale in comparison to previous years resulted in a slight drop of total sales while the average price per square foot continued on an upward trend. The average days on market continues to decrease signifying strong demand for the area.

130 COMMONWEALTH AVE | SOLD ORIGINAL LIST PRICE | $13,400,000 info@gibsonsir.com | 6

SOUTH END The South End, with its blocks of Victorian brick row houses, upscale restaurants and art galleries, has become one of the most popular places to live in Boston. It is a classic mix of old and new, and many of the row houses underwent renovation starting in the 1960s.

Today, the neighborhood is filled with a diverse mix of families and young professionals and houses a culturally diverse community and a thriving artistic center. Trendy restaurants brush shoulders with coffee shops and Mom & Pop grocery stores along Tremont Street and its side streets all the way down to Washington Street, which is experiencing an artistic revival.

Average price per square foot increased by

11.56%

In 2015 47% of sales sold for over asking 2012

2013

2014

2015

NUMBER OF SALES

646

705

632

700

AVERAGE SALE PRICE

$707,756

$809,342

$866,473

$980,406

AVERAGE $PSF

$629.71

$707.64

$780.45

$870.68

AVERAGE DOM

61

33

34

38

T he South End saw a dramatic increase in sales in 2015 reaching a high

24 UNION PARK | SOLD ORIGINAL LIST PRICE | $5,995,000 7 | gibsonsothebysrealty.com

of 700 sales. Over the past 5 years, sales have remained strong while the average selling price continued on an upward trend. Since 2012 the number of DOM has decreased significantly while the average price per square foot has consistently been on an upward trend.

BEACON HILL Beacon Hill today is a close-knit community in a downtown location. The neighborhood’s cobblestone streets and brick rowhouses directly border the Boston Common and the Public Garden, American’s first botanical garden.

The gold leaf of the State House Rotunda adorns the hill and shines across the Common.

The base of the hill is home to Charles Street, with its charming boutiques, antique shops, specialty grocery stores and romantic dining establishments. This historic neighborhood offers some of the finest classic Boston architecture, including Louisburg Square.

Average days on market down to

32 days

In 2015 47% of sales sold for over asking 2012

2013

2014

2015

NUMBER OF SALES

219

170

175

193

AVERAGE SALE PRICE

$721,406

$804,061

$939,016

$803,608

AVERAGE $PSF

$730.32

$801.87

$889.93

$926.85

AVERAGE DOM

77

44

47

32

L ower days on the market and an increase in sales on Beacon Hill shows that demand remains strong in the area. The number of sales increased while the average price per square foot hit a new high of $926.85.

8 BYRON STREET | SOLD ORIGINAL LIST PRICE | $3,200,000 info@gibsonsir.com | 8

SOUTH BOSTON “Southie,” as referred to by locals, boasts miles of beaches and waterfront parks that culminate in Castle Island. There, visitors can enjoy the Revolutionary War era fort, get a bite to eat at Sullivan’s, play in the playground, fish off the pier or simply take a stroll. South Boston is densely populated and is known for triple-deckers and row houses, but there are single family homes in the neighborhood too. South Boston is home to a great variety of bars, pubs and new restaurants.

Year round, a visitor can find residents strolling up and down Broadway doing their shopping and greeting their neighbors.

Average sale price at a new high

$581,967 In 2015 37% of sales sold for over asking 2012

2013

2014

2015

NUMBER OF SALES

689

748

732

726

AVERAGE SALE PRICE

$416,958

$451,541

$514,418

$581,967

AVERAGE $PSF

$389.78

$458.79

$500.97

$549.57

AVERAGE DOM

75

38

50

37

B uyer demand fueled by lack of inventory continues to put upward pressure on prices in South Boston. It is clear that the number of buyers continues to grow as the average price per square foot met a new high, with the average days on market remaining low at just 37 days.

150 DORCHESTER AVE #602 | SOLD ORIGINAL LIST PRICE | $689,000 9 | gibsonsothebysrealty.com

SEAPORT Due to its prime location on Boston Harbor, the Seaport District of South Boston has seen revitalization over the last ten years. In addition to a variety of residential loft buildings, there are many new hotels and restaurants. It is also home to the Institute for Contemporary Art and the new Boston Convention Center. The Seaport offers outstanding views of the harbor, both of the sailboats on the water and the skyline of Downtown.

Sales more than doubled to new high

184

In 2015 43% of sales sold for over asking 2012

2013

2014

2015

NUMBER OF SALES

120

88

83

184

AVERAGE SALE PRICE

$699,834

$673,171

$799,981

$1,833,969

AVERAGE $PSF

$509.70

$565.24

$610.37

$1,107.66

AVERAGE DOM

85

61

55

52

T he Seaport, categorized as one of the fastest growing neighborhoods, realized a dramatic increase in sales during 2015 over 2014. Average days on market continues to steadily decrease as the average price per square foot hit a new high of $903.95 demonstrating a high demand for the area.

25 CHANNEL CENTER PH 104 | SOLD ORIGINAL LIST PRICE | $2,695,000 info@gibsonsir.com | 10

WATERFRONT Next to the North End sits a historic collection of wharfs along Boston’s inner harbor, offering some of the most beautiful harbor views in the city. Many of the original buildings have been converted from warehouses into lofts and luxury condominiums.

Average price per square foot hits new high

$903

It is also home to the new Intercontinental hotel and luxury residences. Near to the North End, the Financial District, Haymarket and the Seaport, the Waterfront offers fine dining and shops along with splendid views of the ocean.

In 2015 7% of sales sold for over asking 2012

2013

2014

2015

NUMBER OF SALES

185

171

157

154

AVERAGE SALE PRICE

$917,615

$1,008,304

$1,111,163

$1,195,327

AVERAGE $PSF

$692.83

$771.47

$815.10

$903.95

AVERAGE DOM

108

77

75

69

A lthough sales remained consistent in the Waterfront, the amount of inventory

4 BATTERY WHARF #4505 | SOLD ORIGINAL LIST PRICE | $1,395,000 11 | gibsonsothebysrealty.com

is not meeting buyer demand. A decrease in the average days on the market continues to prove that demand to purchase in this area is rapidly improving. The average sale price along with the average price per square foot continues to be on an upward trend.

NORTH END The North End is most famous for its plethora of Italian restaurants and strong ties to Italian roots. With a different Italian Festival every weekend throughout the summer, there is rarely a dull moment in the North End.

Average $psf increases to

$752

It is also home to the Old North Church, made famous by Paul Revere. Several recently built mid-rise buildings offer tremendous views of Boston Harbor, as well as access to nearby comedy clubs, restaurants and pastry shops.

In 2015 38% of sales sold for over asking 2012

2013

2014

2015

NUMBER OF SALES

99

119

100

100

AVERAGE SALE PRICE

$472,925

$512,600

$615,047

$590,937

AVERAGE $PSF

$615.22

$677.40

$739.10

$752.37

AVERAGE DOM

62

55

62

55

S ales in the North End remained consistent in 2015, while the average $PSF has never been higher reaching a new high of $752.37. A strong demand to buy meant days on the market was back down to 55 days.

301 NORTH STREET #1 | SOLD ORIGINAL LIST PRICE | $599,000 info@gibsonsir.com | 12

MIDTOWN Downtown is really the heart of the city, bordered by Back Bay, Beacon Hill and the North End/Waterfront. In addition to Boston City Hall and the State House, many companies and agencies house their headquarters in the area.

Average sale price increases to

$1,344,123

The area comes alive each weekday around noontime as thousands of corporate business folks and other downtown employees break for lunch or run errands. It is home to Faneuil Hall and Quincy Market, two of Boston’s most famous tourist attractions. The Rose Kennedy Greenway offers a lovely eastern edge of the Downtown area.

In 2015 17% of sales sold for over asking 2012

2013

2014

2015

NUMBER OF SALES

147

329

274

181

AVERAGE SALE PRICE

$1,067,332

$1,236,195

$1,302,801

$1,344,123

AVERAGE $PSF

$845.47

$903.60

$919.71

$930.49

AVERAGE DOM

110

54

41

73

A fter skyrocketing in 2013, a dip in sales displayed in Midtown is the result of lack of inventory. The average sale price and price per square foot continues to increase year over year demonstrating an increase of value.

2 AVERY STREET U:PH1C/B | SOLD ORIGINAL LIST PRICE | $5,495,000 13 | gibsonsothebysrealty.com

FENWAY The Fenway, perhaps best known as the “home of the Red Sox”, is more than just a ballpark, it’s actually a dense urban neighborhood with a considerable amount of green space. Although the Fenway consists of a large number of college students, it also contains a significant population of professionals. Landsdowne Street, bordering the Mass Pike on the North and Fenway Park on the South. Fenway is also home to several universities, the Museum of Fine Arts and the Isabella Stewart Gardner Museum. If you spend time in the Fenway, make sure to keep your eyes open for the occasional home run ball that clears the green monster.

Average price per square foot increases

9.8%

In 2015 50% of sales sold for over asking 2012

2013

2014

2015

NUMBER OF SALES

187

191

200

122

AVERAGE SALE PRICE

$354,358

$405,866

$496,022

$497,561

AVERAGE $PSF

$521.21

$593.29

$630.18

$692.00

AVERAGE DOM

60

22

10

26

A decrease in the availability of property for sale in the Fenway area led to a drop in sales although the average sale price continues to increase. The average price per square foot hit a new peak in 2015 of $692.00 demonstrating a demand for the area.

120 MOUNTFORT STREET #102 | SOLD ORIGINAL LIST PRICE | $899,000 info@gibsonsir.com | 14

CHARLESTOWN Located at the head of Boston Harbor, Charlestown is essentially a 19th century village with 16th century roots. Its historical heritage has given it a charming gaslit ambience that is appealing to young professionals who have recently moved to the neighborhood, joining families who have lived in Charlestown for generations. Charlestown’s streets are lined with townhouses and workers cottages, as well as modern condominiums that are either newly constructed or converted from historic buildings.

Sales increase by nearly

20%

In 2015 47% of sales sold for over asking 2012

2013

2014

2015

NUMBER OF SALES

363

450

309

369

AVERAGE SALE PRICE

$470,743

$559,824

$594,041

$639,120

AVERAGE $PSF

$447.53

$513.91

$562.77

$610.34

AVERAGE DOM

75

41

38

35

T he number of sales in Charlestown increased by nearly 20%, while the average sale price and average price per square foot displayed improvements as well. The average price per square foot hit a new tremendous high of $610.34. Demand remains strong as the average DOM decreased to a new low of 35 days.

ONE HARVARD PLACE | SOLD ORIGINAL LIST PRICE | $1,925,000 15 | gibsonsothebysrealty.com

WEST END The West End, considerably impacted by Urban Renewal of the 1970s, is a small but significant community tucked behind Beacon Hill. Historically an ethnically diverse and vibrant neighborhood, the West End today is home to Massachusetts General Hospital. It is a popular residential neighborhood for medical staff from many nearby facilities, as well as professionals who work Downtown. It is home to Charles River Park, a high-rise residential community convenient to Beacon Hill.

Average price hits new high of

$533,938

In 2015 33% of sales sold for over asking 2012

2013

2014

2015

NUMBER OF SALES

50

53

43

43

AVERAGE SALE PRICE

$395,050

$448,325

$457,232

$533,938

AVERAGE $PSF

$436.87

$513.88

$563.94

$593.98

AVERAGE DOM

50

56

37

51

T he West End saw an increase in average selling price with a new high of $533,938. Sales have remained steady over the past two years while prices continue in an upward trend demonstrating an increase in value.

8 WHITTER PLACE #9E| SOLD ORIGINAL LIST PRICE | $799,000 info@gibsonsir.com | 16

EAST BOSTON Though East Boston is well known as home to the airport, it is also full of wonderful stores and restaurants representing its different ethnic groups. Long-time Italian restaurants stand next to Brazilian cafes. Its housing is a mix of historic and new, with many triple deckers lining its streets. In recent years, homeowners have been restoring the historic homes of the area to their former glory. It is accessible from the MBTA blue line.

Number of sales reached a new high of

235

2012

2013

2014

2015

NUMBER OF SALES

155

182

222

235

AVERAGE SALE PRICE

$261,845

$333,052

$394,486

$436,163

AVERAGE $PSF - CONDOS

$245

$301

$330

$388

AVERAGE $PSF - SINGLE-FAM

$174

$222

$242

$265

AVERAGE $PSF -MULTI-FAM

$121

$155

$181

$218

AVERAGE DOM

92

52

59

55

S ince 2013, the number of sales in East Boston has increased significantly. With the 239 WEBSTER STREET | SOLD ORIGINAL LIST PRICE | $1,150,000 17 | gibsonsothebysrealty.com

addition of many new developments, inventory has begun to meet buyer demand to live in the area. The average sale price along with each average $PSF increased signifying demand for the area.

DORCHESTER Dorchester is Boston’s largest neighborhood and also its oldest, founded a few months before the city itself. The neighborhood’s historical diversity is exhibited in its architecture, from the old Victorian homes of wealthy Bostonians to the multi-family dwellings of later groups of immigrants. Today, Dorchester retains its diversity. Its main thoroughfare, Dorchester Avenue, connects many close-knit neighborhoods and thriving commercial districts.

Some of its well known neighborhoods are Savin Hill, Wellesley Park, Jones Hill, Ashmont and Lower Mills. Dorchester is also home to the University of Massachusetts at Boston and the John F. Kennedy Library.

Average condo price per square foot up to

$323

2012

2013

2014

2015

NUMBER OF SALES

582

651

734

691

AVERAGE SALE PRICE

$304,076

$358,627

$392,114

$446,415

AVERAGE $PSF - CONDOS

$192

$228

$253

$323

AVERAGE $PSF - SINGLE-FAM

$171

$185

$211

$230

AVERAGE $PSF -MULTI-FAM

$161

$188

$218

$165

AVERAGE DOM

89

58

60

54

D emand to live in Dorchester continues to rise. Average sale prices along with the average $PSF for condos, single-family homes and multi-family homes have rose steadily over the past four years. Since 2012 the average days properties have been listed on the market continues to decrease now at a low of 54 days.

25 CARRUTH STREET | SOLD ORIGINAL LIST PRICE | $895,000 info@gibsonsir.com | 18

RENTALS From economical studio apartments to luxury rentals in some of Boston’s finest full service buildings, Gibson Sotheby’s International Realty has an abundant inventory of homes for lease that span all styles and price points. Their dedicated rental agents can assist you in every step of the process of finding your new rental home- from locating the perfect neighborhood that suits your needs to finding the home that satisfies your style.

One bed prices increased by

2.1%

R ental trends continue to be strong, especially in Cambridge as they are now 22 LIBERTY DRIVE #6D | SEAPORT LISTED AT $17,000/MONTH 19 | gibsonsothebysrealty.com

seeing some of the highest prices in the city. Prices for a one bedroom across the city increased 2.1%. Median rents for a one bedroom have hit a new high of $3,520 over $3,030 in 2014. In Boston’s Back Bay neighborhood median rents for a 2 bedroom are now at $4,460 over $4,020 in 2014.

MOMENTUM. GROWTH. FOUNDATION.

G

ibson Sotheby’s International Realty, Boston’s premier luxury real estate firm, displayed tremendous growth and achievement in 2015. In addition to adding a number of high caliber agents and opening a brand new office, the firm exceeded the incredible billion dollar sales volume closed mark for the third year in a row (source MLS).

“This achievement is an amazing feat for a company our size having to operate in a marketplace that was very light on inventory” “This achievement is an amazing feat for a company our size having to operate in a marketplace that was very light on inventory,” stated Larry Rideout, Gibson Sotheby’s International Realty’s CEO/Owner. He noted as they move forward in this ever changing world, their continuous success is attributed to three key factors – “Momentum. Growth. Foundation.”

MOMENTUM The quality of agents that have chosen to join Gibson Sotheby’s International Realty over the past year continue to make an impact in Boston, Cambridge and the surrounding areas. “We continuously strive to take our service to the next level. I can say with confidence that the agents we have added over the last twelve months will represent the integrity of our brand in every facet,” noted Paul McGann, Gibson Sotheby’s International Realty’s Owner/President.

Momentum in 2015 for Gibson Sotheby’s International Realty began with the addition of one of Boston’s top producing agents Michael Carucci.

Carucci consistently ranks in the top one percent in

real estate sales volume for the Greater Boston Area.

“The culture and best in class management is what really stood out with Gibson Sotheby’s International Realty. Ownership cares and it shows,” said Michael Carucci. “It didn’t take long to see how the Sotheby’s brand enhanced our existing established local brand.

This combination brought new business we would not have otherwise received.”

GROWTH The opening of a brand new office conveniently located on Massachusetts Avenue expanded the firm’s exposure in Cambridge. As a result, Gibson Sotheby’s International Realty recruited some of the area’s finest talent.

“It didn’t take long for me to make the decision to move our team over to help establish the Sotheby’s brand presence on this side of the Charles River,” noted Lauren Holleran. “The Sotheby’s brand and Cambridge are an incredibly natural fit for each other.

In the few months since we joined, we’ve already exchanged business with other Sotheby’s International Realty offices in Dallas, San Francisco, New Delhi, and Maine – it is amazing to be part of a network recognized for the quality of the brand and the agents associated with that.”

“It didn’t take long for me to make the decision to move our team over to help establish the Sotheby’s brand presence on this side of the Charles River” Furthermore in Boston’s Waterfront, Gibson Sotheby’s International Realty moved into a new

info@gibsonsir.com | 20

space at the former site of Elite Boston Landmark Realty where they acquired Toni Gilardi and her team.

Toni consistently ranks as one of the top agents in the historic North End/Waterfront where she has been a community fixture for decades, thus strengthening their presence in Boston’s Waterfront.

“I knew the Sotheby’s brand was a perfect fit and now am able to offer my clients services that I could not in the past.”

Thrilled to be a part of the Gibson Sotheby’s International Realty family, Toni Gilardi commented. “I decided that merging with a larger firm was the right course of action after owning my own business for 31 years. I knew the Sotheby’s brand was a perfect fit and now am able to offer my clients services that I could not in the past.”

In response to rapid growth, Gibson Sotheby’s International Realty is in the process of doubling the size of their Back Bay office located at the corner of Newbury and Dartmouth Streets.

FOUNDATION

“It is truly a pleasure to work for such a well-established brand.When meeting with a potential buyer or seller I do not have to say much; the brand sells itself.”

Gibson Sotheby’s International Realty is known for its culture which has consistently been that of a

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“family.” “All members of the Leadership team have been extremely supportive of their staff being sure to stay one step ahead of the competition,” said Cathy Marotta, a veteran that has been with the company for over 30 years. “It is truly a pleasure to work for such a well-established brand. When meeting with a potential buyer or seller I do not have to say much; the brand sells itself.”

Gibson Sotheby’s International Realty has grown significantly since joining the Sotheby’s International Realty brand. With the integration of new technology the firm will continue to see this tremendous growth throughout 2016.

About Gibson Sotheby’s International Realty: Gibson Sotheby’s International Realty is Boston’s largest independent real estate company. Founded in 1962 by Betty Gibson in Boston’s South End, the firm has eight offices throughout Boston, Cambridge and the surrounding areas. The international network of more than 820 offices in 60 countries and territories, and the relationship with Sotheby’s auction house, as well as comprehensive online and print advertising in high profile venues, provides remarkable exposure for each home.

SOUTH END 556 Tremont Street Boston, MA 02118 617.426.6900

WATERFRONT 350 Commercial Street Boston, MA 02109 617.227.1000

CAMBRIDGE 1008 Massachusetts Avenue Cambridge, MA 02138 617.945.9161

SAVIN HILL 199 Savin Hill Avenue Dorchester, MA 02125 671.825.0800

BACK BAY 277 Dartmouth Street Boston, MA 02116 617.375.6900

WESTWOOD 725 High Street Westwood, MA 02090 781.329.8008

CHARLESTOWN One Thompson Square Charlestown, MA 02129 617.242.4222

SOUTH END RENTALS 597-A Tremont Street Boston, MA 02118 617.426.6901

gibson sotheby’s international realty 556 tremont street boston, massachusetts 02118

www.GibsonSothebysRealty.com info@gibsonsir.com 844.667.6663

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