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The John O'Connor Team Newsletter

October 2014 Newsletter

Fall Backward! Remember to set your clocks backward one hour this Saturday night. Daylight Savings begins on Sunday, November 2nd.


Our Latest Offerings

10 MILFORD STREET, BOSTON
AVAILABLE - Located in the highly desirable 8 Streets neighborhood of Boston's fashionable South End, this Philly duplex features living room with marble wood-burning fireplace, high ceilings, huge eat-in kitchen, and private deck overlooking a back yard. 10MilfordSt-2.com $599,000
32 PARKER STREET, CHARLESTOWN
AVAILABLE - Classic 6 unit Charlestown building, converted in 2008 and completely renovated, is a commuter's dream! This sunny home has 2 levels, open granite and stainless steel kitchen, dining room, private deck, patio, and hardwood floors throughout. 32Parker-2.com $459,000
400 STUART STREET, BOSTON
PENDING - Located in The Clarendon, a full-service building designed by Robert A.M. Stern Architects, this 3 bedroom, 3 bathroom home offers every luxury amenity including doorman, concierge, elevator, gym, and parking. TheClarendon-20A.com $3,350,000
111 APPLETON STREET, BOSTON
PENDING - Premier location in Boston’s fashionable South End close to Copley Square! This 2 bedroom duplex home in a Victorian row house has been totally renovated and features a private entrance and enclosed, terraced yard. 111Appleton-1.com $979,000
201 GLEN STREET, NATICK
PENDING - Lovingly renovated farmhouse in bucolic setting on large lot features 4 bedrooms, country kitchen, 3 bathrooms, 2 fireplaces, AC, wrap-around porch, blue stone patio and 2 car garage. 201GlenStreet.com $899,000
1 MARKS WAY, MAYNARD
PENDING - Beautifully landscaped 3 bedroom, 2 ½ bathroom Colonial on cul-de-sac! Includes family room with fireplace, home automation system, central air conditioning, large composite deck and a spacious play yard. 1MarksWay-Maynard.com $469,000

In the News: The Boston Globe

As someone who loves period furnishings and fixtures, I was happy to be interviewed by the Boston Globe for a piece they were doing on Tom Powers, who owns Light Power in the South End of Boston. As the article states:

Tom Powers lights up when he talks about antique lighting.

Powers’s business, aptly named Light Power, operates out of an old, gritty building on Wareham Street in the South End, where he sells everything from Victorian- and Arts and Crafts-era lighting to pieces from the 1940s, all rewired to code.

As for his favorite piece in his current inventory, Powers shows a visitor a matched pair of circa 1857 gold and black four-light chandeliers with four allegorical visages, framed with gold garlands, gazing down into the room...

"I’ve purchased a number of lights from Tom," says customer John O’Connor of Boston. "I live in a Greek Revival house and I got a pair of fabulous chandeliers from him that I hung in my parlor that are perfectly suited to my house. They make quite the statement, you know!"

To buy these chandeliers, O’Connor took advantage of Powers’s policy of allowing customers who purchase a light from him to trade it in for full credit toward another fixture that better suits their tastes or needs….
        
The parlor chandeliers and the hall fixture date to 1855, the same year the house was built. I had Tom looking for these for years, and then one day out of the blue he called to say he had found them!


You can reach Tom at 617-423-9790 or visit his website genuineantiquelighting.net.

"To Thine Old House Be True - Light Power" by Colman M. Herman, Globe Correspondent, January 22, 2014, The Boston Globe

In the News: Boston Herald

The John O'Connor Team is back in the news again! Jason Highland is the lead buyer's agent on the Team. Recently one of Jason's buyers, Shawn Tobin, was featured in the Boston Herald on a piece about the challenges facing buyer in today's market.

Shawn Tobin and his girlfriend spent six months looking for a condo in South Boston, trudging out to hundreds of places..

“You’d see the same faces at open houses every Saturday and Sunday, like a comical death march,” said Tobin, a 28-year-old who works for a tech media company. “And you’d often have to make an offer within a few hours of seeing a place.”

Tobin made an offer on one condo that was $30,000 above the asking price, and found out that 12 other bidders had come in above his offer.


HOT MARKET: Shawn Tobin spent six months condo hunting in Southie. Photo: Chitose Suzuki

“Then you have buyers come in with all cash and you have no chance if you can only put 10 percent down,” said Tobin. “It’s frustrating.”

That’s how it goes looking for property in Boston these days as inventory problems continue to plague the Hub condo market. There were 586 listings in Boston as of Sept. 17 compared to 672 on the same date last year. The median asking price for available units last year was $519,000 — now it’s up to $550,000.

John O’Connor of Keller Williams says the shortage of Boston condos explains high presales at luxury condo projects that won’t be ready for at least another year, such as Sepia in the South End with 67 percent of 83 units sold, and 22 Liberty Wharf in the Seaport District, which has sold three-quarters of its 118 units.

“This doesn’t really help the buyers much who will be entering the market in 12 to 18 months,” O’Connor said. “But it tells you how low inventory is driving the market.”

"Hot Property: Competition for Condos in Boston Hits Fever Pitch - Most Fetch More Than Asking Price" by Paul Restuccia, September 19, 2014, Boston Herald

Whenever you have questions relating to the real estate market here in the Greater Boston area, we are here to help. Whether you have a valued client moving to or from the Greater Boston area, we promise to take the best possible care of their needs.
The John O'Connor Team

John O'Connor John@BostonCityHomes.com 617.861.3642

Jason Highland Jason.Highland@gmail.com 617.861.3621
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Copyright © 2014 The John O'Connor Team, Keller Williams Boston-Metro, All rights reserved.