Monday
Jul282014

Spectacular views @ Harbor Towers - Residence 22C&D

Ready to have ocean views year round? This unit at Harbor Towers will give you just that! Call Cheryl Marsh for a private showing @ (617) 797-5781. Printable Flyer

 

Monday
Jul282014

Fabulous unit at 45 Province - Residence #1904

City living at its best! Move into this wonderful 2 Bed/2 Bath and enjoy the city views! For more information and to see this property, call Tim @ (617) 548-7145. Printable  Flyer


Tuesday
May272014

Marsh Properties sells three luxury residences at the world-class Four Seasons in Boston!

Tim Marsh has sold three more condominiums at the coveted Four Seasons across from the Boston Public Garden.

~ Boasting postcard views of the Public Garden, Boston Common, Financial District and  Beacon Hill, this masterful 3,500+ SF trophy home was sold to a private client of Tim Marsh.

~  He was an exclusive listing broker for a renovated two bedroom rear unit with city views.

~  Tim exclusively listed a breathtaking two bedroom home and put it under contract in just 17 days.

Four Seasons Place is a world-class luxury condominium that sits atop the Four Seasons Hotel in Boston. Amenites include a 24/7 concierge team, fitness center, 40' lap pool overlooking the Public Garden and a spa with sauna, steam and massage rooms.  In-room dining and housekeeping services are available from the Five-Diamond, 5-Star Four Seasons Hotel. Each property sold with one or more garage parking spaces. 

Marsh Properties is a real estate brokerage that focuses on the sale of tier-1 doorman condominiums, luxury townhouse condominiums and Single family homes.  Tim and Cheryl Marsh and their team have been serving Boston's premier downtown neighborhoods and surrounding communities since 1984.

Wednesday
Apr162014

Beige Book Report - April 16, 2014

Board of Govenors Federal Reserve System

First District--Boston

 Residential Real Estate
Realtors in the First District express caution but optimism about the mixed sales results that continued in the region in February. Year-over-year sales of single family homes decreased in Rhode Island, Massachusetts, and Connecticut, and increased in Maine and Vermont. (Contacts in New Hampshire were unavailable for comment in this round.) In the condominium market, sales increased relative to last year in Connecticut, Massachusetts, and Vermont, while decreasing in Rhode Island; condo sales information is not reported in Maine. The consensus across the First District is that the decline in sales will be short lived; respondents say it was partially driven by the tough winter, as well as uncertainty about new federal flood insurance rules. Signs of spring weather and new legislation limiting flood insurance premium increases are lessening these concerns. In Massachusetts, however, inventory shortages are said to be the key reason for the decline in sales. One Massachusetts contact stated "there is just not enough supply to meet demand." As a result, Massachusetts contacts say multiple bids are common and the median sales price for single family homes has increased compared to the year-earlier median in 17 consecutive months. Median sales prices also increased year-over-year in Connecticut and Maine, but declined in Vermont and Rhode Island. Residential real estate contacts say they expect sales to pick up seasonally this spring, but foresee no significant market shifts.

Commercial Real Estate
Commercial real estate contacts in Boston report that brisk demand for and tight supply of office space in portions of the city, including the Seaport District and Back Bay, have pushed asking rents up in those locations in recent months. While these localized rent increases are contributing to increases in average office asking rents in greater Boston, contacts note that rents remain flat in portions of the Financial District and in a number of suburban locations, and that rising maintenance costs mean that net rents are growing more slowly than asking rents. Speculative office construction remains limited, although respondents say that the pipeline of planned office construction for greater Boston is growing. Contacts continue to express concerns that prices being paid by investors for commercial properties in Boston, along with lending terms for commercial mortgages, embody highly optimistic assumptions concerning future rent growth on the properties. Demand for Boston properties has been particularly strong among foreign investors and domestic pension funds. A few contacts, located in Boston as well as elsewhere in the region, also expressed concern that current construction levels of high-end apartments are excessive in relation to potential demand for such units. At the same time, these contacts indicate that recently delivered luxury apartment units appear to be fetching rents in line with developers' projections.

 

Wednesday
Mar052014

Beige Book Report - March 5, 2014

Board of Govenors Federal Reserve System

First District--Boston

Residential Real Estate
The First District experienced mixed results for sales of single family houses and condominiums in December. Contacts in New Hampshire and Rhode Island cite declines in sales of single family homes, while Massachusetts experienced no change, and respondents in Connecticut, Maine, and Vermont cite increases in sales relative to December 2012. Scarce inventory is said to be the most significant constraint on the growth of sales, while uncertainty from new qualified mortgage rules and flood insurance reforms are also believed to be causing buyers to remain cautious about making offers. Contacts in Connecticut say that sales are being affected by weak consumer confidence and a shortage of stable employment opportunities. Median sale prices increased year-over-year in four of the six New England states, decreasing only in Connecticut and Vermont. In Massachusetts, particularly in the Greater Boston area, price appreciation driven by low inventory levels has become a concern as realtors caution that high prices could keep first time home buyers out of the market.

Pending sales suggest the market for single family houses and condos is off to a good start in 2014, increasing in all states except Rhode Island. Contacts express optimism about local housing markets looking forward but say they expect the snowy winter to depress sales in the near term.

Commercial Real Estate
Commercial real estate activity was mixed across the First District, but contacts report that leasing fundamentals were largely stable in recent weeks. In Providence, demand for multifamily housing remains strong downtown, while industrial leasing activity is still weak. In Boston, office demand continues to be uneven within the city, with strength in the Seaport District, increasing demand in some suburban areas, and comparative weakness--including downward pressure on rents--in the Financial District. In Boston and Hartford, severe winter weather modestly reduced office leasing inquiries. Also, according to one contact, investment sales activity slowed in the region in the aftermath of a year-end surge in transactions. At the same time, contacts indicate that investment demand for commercial real estate remains strong across the region, and especially strong in Boston. A Portland contact characterizes leasing activity as solid and notes that land sales continue to gather momentum. Planned developments in Portland include a diverse mix of structures: recreational facilities, hotels, office space, and specialty retail. According to a regional banking contact, the bank lending environment for commercial real estate remains highly competitive, with solid loan demand across numerous sectors, albeit including fewer condominium development loans than had been expected. Recent trends in construction activity persist, with slow growth in the institutional sector, a declining pipeline of multifamily structures, and an increase in planned mixed-use developments and speculative office construction in parts of Boston.

While contacts are mostly optimistic concerning the outlook for commercial real estate in their respective markets, some downside risks are noted, including renewed macroeconomic uncertainty stemming from recent, weaker-than-expected employment reports, an uncertain future path of interest rates, and fallout from unrest in the Ukraine, Syria, and Venezuela. Other factors seen as restraining growth include rising construction and maintenance costs, and, in Rhode Island, political stagnation stemming from the current gubernatorial election.

Sunday
Feb022014

Punxsutawney Phil slows the real estate market with weather prediction.

WSJ.com

Snow, snow & more snow is not a friend of the real estate market. Seller's tend to hold off for better weather while buyers wait for that property to enter the market.  Thanks Phil!
(You still are very cute!)

Wednesday
Jan152014

Beige Book - January 15, 2014

Board of Govenors Federal REserve System:

First District--Boston

Residential Real Estate
Residential real estate markets in three New England states followed national trends, as October or November sales of single family homes and condominiums came in below year-earlier levels in Massachusetts, New Hampshire, and Connecticut; meanwhile home sales increased year-over-year in Maine, Rhode Island, and Vermont. As happened nationwide, the median sales price for single family homes rose in four of the six states. After many consecutive months of year-over-year sales increases, regional contacts attribute the recent sales declines to lower consumer confidence as a result of the most recent government shutdown, to a shift in sales toward earlier quarters due to lower interest rates at the time, and to a lack of inventory. One source notes, "[the market] lost a little steam in Q3 and continued at a slower pace in Q4." A Massachusetts contact says limited inventory is constraining the market, as the available months of supply for single family homes and condominiums were 4.3 and 2.8 months respectively in November. "New listings are up, but we have been burning through inventory," reports a source in Massachusetts. Despite the recent decline in unit sales, New England realtors agree that 2013 has been a good year overall and they remain optimistic about sales increases looking forward.

Commercial Real Estate
Commercial real estate leasing activity in the First District held roughly steady on average in December, while investment sales activity and construction remained robust or strengthened significantly, according to contacts from across the region. In the Boston area, the Seaport District maintained a steady, "impressive" leasing pace, and office leasing activity picked up in some suburban areas. In Boston's Financial District, however, the vacancy rate remains in the mid-teens, allowing modest rent increases that are, according to one contact, probably only large enough to cover rising costs. Investment sales activity saw a year-end burst of activity in Boston, with strong contributions from foreign investors, pushing capitalization rates and loan spreads to historically low levels and reigniting concerns that prices are too high relative to reasonable expectations of rent growth. In Rhode Island, commercial leasing inquiries picked up modestly in December, but new tenants are still scarce. Investment sales activity in the state remains brisk and new developments--driven by the education sector--are slated for downtown Providence. In Connecticut, investment sales activity remained strong in December and, while leasing activity held roughly steady, contacts say some large, vacant tracts of office space in greater Hartford may be effectively obsolete and unlettable.

Concerning construction activity, the pipeline of planned multifamily properties in greater Boston continued to dwindle, consistent with the perception among some contacts that the large number of unit's currently awaiting delivery may produce a glut. At the same time, planned construction in the education, health care, and life sciences sectors increased significantly in recent months, and the number of retail projects under construction in greater Boston appears to be rising, according to contacts. A regional lender closed a higher volume of commercial real estate loans in 2013 than in 2012, despite facing brisk competition and steady, intense pressure on interest rate spreads. The outlook among contacts for 2014 is generally optimistic. As reasons for optimism, one contact perceives that recent developments in Washington have reduced economic uncertainty, while some others say that macroeconomic "momentum" is on the rise. Downside risks include the upcoming costs to businesses of compliance with the ACA and the trend toward office downsizing on a space-per-person basis.

Saturday
Oct192013

Tim Marsh sells a rare double-wide condominium at Lewis Wharf on Boston's Waterfront.

Postcard views of the Boston Harbor from this rare two bedroom double-wide condominium at Lewis Wharf on Boston's historic Waterfront.  Features:  Split-bedroom floor plan.  Fireplaced living room and den.  Open cook's kitchen with lovely dining area.  Separate office.  Sumptuous master bedroom suite with marble bath.  Second bedroom with adjacent full bath.  Private terrace with Harbor views.  24/7 concierge building.   

 List Price:  $1,295,000


 

Tim Marsh

timmarsh@bostonluxuryrealestate.com

(C)  617-548-7145

Thursday
Oct172013

Cheryl Marsh sells 407 Beacon Street Townhouse

Offered @ $4,850,000

2 Full Deeded Parking

Exquisite, single family residence impeccably renovated with 6+ bedrooms, 3 full baths and 2 powder rooms, floor to ceiling windows, six marble fireplaces,gracious principal rooms with 12ft ceilings & original period detail. Au pair/in law suite with renovated kitchen, media room w/ 3 glass doors leading out to a large enclosed brick patio w/ shed, electricity and lights.Central A/C.Direct access to 2 full deeded parking spaces


Cheryl Marsh
cheryl@BostonLuxuryRealEstate.com
c: (617) 797-5781

Wednesday
Oct162013

Beige Book Report October 16th

 

Board of Governors of the Federal Reserve System

First District Boston

Residential Real Estate
Residential real estate contacts in the First District say markets continue to strengthen and they are "cautiously optimistic" about the outlook. According to a source in New Hampshire, realtors are no longer talking about returning to a "non-recession" market, but rather stating that market conditions have returned to normal. August saw sales of single-family homes and condominiums continuing to increase across the region compared to August 2012. Market participants, however, are watching interest rates closely. Where current market activity is largely driven by first time home buyers--such as in Maine and Connecticut--higher interest rates could slow sales. In other states, rising interest rates may be temporarily spurring activity as buyers attempt to lock in lower rates. With the exception of one state which saw condo prices fall, median prices for single-family homes and condominiums rose in August relative to last year. Inventory trends vary across the states, with Massachusetts seeing inventory for single-family homes and condos low compared to historic norms--making it a sellers' market--while inventory in Maine increased in August compared to a year ago and New Hampshire sources indicate there "appears to be more balance between buyers and sellers."

While First District realtors say that this has been a turnaround year, they fear economic shocks could still stall the recovery. In addition, respondents express concern about negative effects on housing markets of the Biggert-Waters Flood Insurance Reform Act of 2012; they say that lack of affordable flood insurance may cause values to fall and buyer delays in newly redrawn flood zones.

Commercial Real Estate
Reports from First District contacts describe the region's commercial real estate markets as either stable or strengthening. A Boston contact cites improvement in leasing fundamentals in recent weeks across diverse sectors--including office and assisted living facilities--while investment sales demand is up from an already-strong pace. Redevelopment activity picked up in Boston's retail sector, with plans for filling and retooling vacant space in both urban and suburban locations. Another Boston contact says office leasing activity is roughly unchanged since the last report, with strong demand in the Seaport and Kendall Square areas and comparatively weak demand for locations in the Financial District. Build-to-suit office construction continues in prime neighborhoods but otherwise office construction is negligible in metro Boston. A Portland contact notes significant improvements in leasing fundamentals and investment demand in recent months. In Hartford, the sale of two large office building in recent months has resulted in a significant decline in the office vacancy rate for class A space, from upwards of 25 percent to roughly 17 percent, a decline that should lead to some firming of rents after a long period of stagnation. Also in Hartford, investor demand for prime office and multifamily properties stayed strong. A Providence contact is mostly upbeat, citing a modest uptick in leasing activity in recent weeks and some positive absorption of downtown office space. While leasing volume increased across the region, contacts note that most leasing deals consist of renewals-in-place or relocations of existing firms, with little to no net expansion of firms' footprints.

In Boston, local conditions lead contacts to expect more slow-to-modest growth in the commercial real estate sector moving forward, but national economic and political conditions lend uncertainty and downside risks to the outlook. In both Rhode Island and Connecticut, contacts are cautiously optimistic that commercial leasing fundamentals will continue to improve, but note that their respective states face persistent challenges to economic growth, leaving their overall prospects weaker than the U.S. average. A Portland contact is mostly optimistic that southern Maine will continue to see modest growth in leasing fundamentals, but expects investment sales to slow with rising interest rates.

Monday
Jul012013

Tim Marsh sells 98 Mt. Vernon St. on Beacon Hill in Boston!

This gorgeous single family home on Beacon Hill is sold!

Offered @ $4,600,000 including one garage space.

This quintessential home features Classic detail, seven fireplaces, bay windows and soaring ceilings.  A rare elevator provides access to every floor.  Double parlor with dualing fireplaces.  Granite and stainless steel kitchen. Up to five bedrooms, four full baths and two half baths.  Coveted "hidden garden" and a private roof deck with panoramic views of the Charles River, Beacon Hill, Back Bay and downtown Boston.  A+ South Slope location, steps from Louisburg Square.

 

 

Tim Marsh
TimMarsh@BostonLuxuryRealEstate.com
c: (617) 548-7145

Sunday
Jun302013

Realty Check

CNBC.com   Home Buyers: Beware Rate Rise
A majority of new homes sold could be at risk because of rising mortgage rates, reports CNBC's Diana Olick.
Monday
Jun242013

New price at 330 Beacon St. #63/64 in the Back Bay of Boston

ALERT:  This trophy doorman property has just been reduced $520,000 down to $4,475,000.

Highlights: 3,737 Square Feet of Living Space. 54 ft. of picture window views plus two balconies all overlooking the Charles River.  Two garage spaces, elevator access, concierge, professional management and resident superintendent.

This property has never been offered for sale and is a product of a three year renovation combining two adjacent units.

The building is located on waterside Beacon at the corner of Fairfield Street in the Back Bay.  It offers easy access to the Charles River and Esplanade, Newbury Street and the Back Bay business district.  

Designed and decorated by William Hodgins; unique mural by famed muralist Robert Jackson.

Enjoy front row seats to watch the Fourth of July Fireworks!


For more information contact

Tim Marsh at 617-548-7145 or

timmarsh@bostonluxuryrealestate.com

 

Saturday
Jun222013

Open House tomorrow, June 23rd, at 407 Beacon St. in the Back Bay

Join us tomorrrow, Sunday June 23rd, from 1-3 at our open house. 

Priced at $4,850,000, this quintessential Back Bay single family home offers all the right touches!

The building is located near the corner of Gloucester Street in the Back Bay.  Easy access to the Charles River and Esplanade, Newbury Street and the Back Bay business district.  

This property has been meticulously renovated and maintained.  Featuring 5,391 square feet of living space, highlights include 12 ft. ceilings, six fireplaces, rare butlers pantry, media room, up to seven bedrooms, three full baths and two powder rooms.  A beautiful garden leads to two full parking spaces.

Simply breathtaking!  Don't miss it! 

Monday
Jun172013

Layouts we love: Four Seasons Boston

Layouts we Love:  Comparing 1200 Square Foot Layouts Around the World.

Four Seasons Place - Boston

Hotelhomes.com recently published an article featuring the Four Seasons in Boston along with Tim Marsh.  The article takes a look at four different 1200 SF homes in hotel-residential properties around the world.

Click on the link below to read the full article.

http://hotelhomes.com/news/?p=977



 

 

Monday
Jun172013

Battery Wharf and Marina tops International list

Battery Wharf and Tim Marsh were recently featured in an article by Hotelhomes.com. Click the following link to read the full article.  

http://hotelhomes.com/news/?p=782#sthash.33JdapcQ

 

 

 

Saturday
Jun012013

Open House tomorrow, June 2nd, at 407 Beacon St. in the Back Bay

Join us tomorrrow, Sunday June 2nd, from 12-1:30 at our open house. 

Priced at $4,850,000, this quintessential Back Bay single family home offers all the right touches!

The building is located near the corner of Gloucester Street in the Back Bay.  Easy access to the Charles River and Esplanade, Newbury Street and the Back Bay business district.  

This property has been meticulously renovated and maintained.  Featuring 5,391 square feet of living space, highlights include 12 ft. ceilings, six fireplaces, rare butlers pantry, media room, up to seven bedrooms, three full baths and two powder rooms.  A beautiful garden leads to two full parking spaces.

Simply breathtaking!  Don't miss it! 

 


 

 

 

 

 

 

For more information contact Cheryl Marsh at 617-797-5781 or timmarsh@bostonluxuryrealestate.com

 

Saturday
Jun012013

Open House tomorrow, June 2nd, at 330 Beacon St. in the Back Bay

Join us tomorrrow, Sunday June 2nd, from 2-3:30 at our open house. 

Recently reduced to $4,995,000, this residence offers 3,737 Square Feet of Living Space.

The building is located on waterside Beacon at the corner of Fairfield Street in the Back Bay.  Easy access to the Charles River and Esplanade, Newbury Street and the Back Bay business district.  

This property has never been offered for sale.  A combination of two units, this luxury doorman condominium offers 54 ft. of picture window views of the Charles River; from the dramatic living room and dining room, kitchen and two private balconies overlooking the Charles.  Enjoy front row seats to watch the Fourth of July Fireworks!


Up to five bedrooms,  three full baths and one powder room.  

Designed and decorated by William Hodgins; unique mural by famed muralist Robert Jackson.

Elevator access. Concierge, on-site mgmt. and resident superintendent.  Central air.  Two garage parking spaces.

 

For more information contact Tim Marsh at 617-548-7145 or timmarsh@bostonluxuryrealestate.com

 

Thursday
Apr252013

What $1 Million Buys You

CNBC's Diana Olick and Jackie DeAngelis tour two $1 million homes in mystery locations; while super real estate broker Dolly Lenz, discusses which is a better value.

 

Thursday
Apr252013

1st Open House at the new price at 330 Beacon Street in the Back Bay

330 Beacon #63 has been reduced by $505,000 from $5,500,000 to $4,995,000

Join us this Sunday April 28th from 1:30-3 at the 1st public open house at the new price. 

The building is located on waterside Beacon at the corner of Fairfield Street in the Back Bay.  Easy access to the Charles River and Esplanade, Newbury Street and the Back Bay business district.

This property has never been offered for sale.  A combination of two units, this luxury doorman condominium offers 54 ft. of picture window views of the Charles River; from the dramatic living room and dining room, kitchen and two private balconies overlooking the Charles.  Up to five bedrooms,  three full baths and one powder room.  

Designed and decorated by William Hodgins; unique mural by famed muralist Robert Jackson.

Elevator access. Concierge, on-site mgmt. and resident superintendent.  Central air.  Two garage parking spaces.

 

For more information contact Tim Marsh at 617-548-7145 or timmarsh@bostonluxuryrealestate.com