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The John O'Connor Team Newsletter

Winter Edition - January 2016



Boston Market Hits New High in 2015!
 

Driven by empty-nesters moving back into town, wealthy international buyers looking for a safe haven, and Millenials with high paying jobs in the tech sector, median prices in Boston jumped almost 10% from 2014 to $680,000 in 2015!

Median price in the luxury full-service buildings shot up 19% from 2014 to $1,750,000 in 2015. On a price per square foot this equates to about $1,200!

At a recent housing summit I attended at the Federal Reserve Bank in Boston, Chief Economist for Realtor.com, Jonathan Smoke, cited some fascinating statistics explaining the dynamic real estate market in Boston. The unemployment rate in the city is about 4% with more job creation projected for 2016. Quite possibly, according to Smoke, Boston may have the #1 economy of the US metropolitan areas by the end of 2016. The recent announcement by GE that it is moving its world headquarters to the Seaport argues in favor of Smoke's assessment.

In 2016 Smoke predicts 10% growth in sales for Boston vs. 3% nationally. He cites the demographic evidence. In 2015 Boston was the #4 US market for Millenials and the #1 US market for retiring Baby Boomers.

Boston is the city of choice across age groups. Who is the next person you know looking to buy or sell in the greater Boston area? Give us a call. It will be our pleasure to help them!


The John O'Connor Team Ranked #1!

Our goal here on the Team was to hit $40,000,000 in closed sales for 2015. And we came so close to our goal, coming in at $39,000,000! Little did we know that this would make us the #1 Team in the Keller Williams New England Region! Wow! Thank you for all your support and referrals. We are here to help everyone you refer to us. 89% of our business in 2015 came from existing clients or referrals from clients.

Our goal for 2016 is $52,500,000 in closed sales! So keep those referrals coming. We promise to deliver exceptional service and extraordinary results!


What a Party!

Check out the truly grand Holiday Party we enjoyed with over 160 friends and colleagues, old and new, at The Algonquin Club of Boston! The luxurious setting was perfect for hors d'oeuvres, festive drinks, and a live performance of Christmas carols sung by Schola Cantorum of Boston, led by Fred Jodry, Director. Don't forget to follow us on Facebook for more happenings in 2016!



Whenever you have questions relating to the real estate market here in the Greater Boston area, we are here to help.
The John O'Connor Team

John O'Connor John@BostonCityHomes.com 617.861.3642


Jason Highland Jason.Highland@gmail.com 781.789.7569
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