Welcome Michaela Hellman

We are very excited to announce that Michaela has joined  RE/MAX Destiny.

Michaela is a Boston-born lifelong resident, having grown up in Brookline and Jamaica Plain. She was a Corporate Trainer that traveled all over the U.S. prior to embarking on her career in Real Estate in 2002.

Michaela prides herself on client satisfaction. Her business is built on past and present clients, their friends and their colleague’s referrals. She is an experienced and respected professional that can effectively solve housing needs and desires. She is thrilled to have a career that combines her interests in architecture, construction, green building and most important of all, helping people improve their lifestyle through a new home.

“I’m inspired and excited to have joined such a productive, technologically advanced company. I’m looking forward to leveraging such a central location and powerful tools to better serve my Cambridge/Somerville and Boston/Brookline clients.”

Michaela has earned the Accredited Buyers Representative designation-ABR and is a Graduate of the Realtor Institute – GRI.

Cost Of Renting A Home On The Rise

Tim Schmidt, our rental manager was interviewed by WBZ-TV about the cost of rentals in the Boston area.


 

By Joe Shortsleeve, WBZ-TV Chief Correspondent

August 15, 2012 12:01 AM

BOSTON (CBS) – It’s a question that frustrates tenants across the state:  why are rents so high?

In fact, rents in the Greater Boston area are among the highest in the country.

By one estimate, it takes $1,700 to get a unit in the suburbs and $3,000 in downtown Boston.

“This season has been extraordinary.  Rents are super high.  I think the vacancy rate is 3-percent right now,” said Tim Schmidt of REMAX Destiny in Cambridge.

That vacancy rate is second only to San Francisco.

Schmidt believes one reason for the high rents is good news.  The region’s job market is stronger than most other cities.

“You see a lot of start- ups, a lot of bio-tech,” said Schmidt.  “There are people starting jobs in the $70,000-$100,000 range and moving to Boston.”

Although there have been new units added in unconventional areas like adjacent to Fenway Park, inventory cannot meet demand.

Cambridge Condo Trends – May 2012

 

Cambridge Summary: Inventory continues to remains below last May by 42%. ~ Condo listing $ volume is down by 34.5% from 152 million to 100 million in total market value. ~The median list price is up $14,900 or 3% with days on market dropping from 3 months to 2 months on average before going off market. ~ Condos that went under agreement were up  by 13 units or 11%. Cambridge condo sales month to date are up by 18% with year to date number sold condos up by 5%.

Sold $ volume YTD improved 03.7% from $106 million in 2011 to $111 million this year. The median sale price improved by 7% with the ratio of sale price to original price increased to 98% due to multiple bidding and reduced time on market. ~ The average square foot price for April was $467 per square foot with the average living areaof 1,011 square feet.

Somerville Condo Trends Year End 12/11

Somerville Summary: Condo inventory was down by 3% over last December. ~ Listing $ volume, however was up by 5.8% from 34 million to 36 in 2011. ~ The median list price shows an increase of 7.6% with the active days on market showing more demand by improving to 96 days from 122 days in 2010 ~ Condos going under agreement increased by 12% and the $ volume is up a modest 1.3%. ~ Condos sold for the month dropped 27% with YTD showing a loss of 7% compared to 2010. ~

Somerville condo sold $ volume for the month decreased sharply by 40%, YTD dropped 3.7% from 141 million in 2010 to 136 million for 2011. ~ Sold average days on market increased improved by 23 days. The original price to sale price ratio dropped by 2% to 90% of the original list price. ~ The average square foot price dropped to $296 per square foot from $320 with the average condo size of 1,270 square feet shrinking to 1,105 square feet.