Greater Boston Market Trends I Patrick Barosy I Summer 2023

Summer 2023

Recently Sold by Engel & Völkers

790 E Fourth St, #3 I $549,900

50 Beacon Street I $3,890,000

108 Gainsborough St, #4W I $589,000

106 Browne St, #2 I $950,000

287 Marlborough St, #C I $1,200,000

172 Green St, #5 I $850,000

Setting the bar for sophisticated real estate services

At Engel & Völkers Boston, we embrace our city’s simple ethos — work hard, play hard, treat clients like family. Our advisors work each transaction with the same care and diligence as if they were purchasing or selling themselves.

We’re not just the most successful in the area, we reflect the Engel & Völkers’ culture of teamwork, passion, and expertise. With state-ofthe-art real estate tools and technology, global luxury brand recognition and unrivaled market and marketing dexterity, we deliver concierge class service during the purchase or sale process and beyond.

Call on us for your next transaction. Our bold strategies and individual counsel are crafted to impart the information you’ll need to make informed decisions in an increasingly complex real estate marketplace.

Engel & Völkers Americas Year in Review: Finishing out the year strong !

2023 Q2 Year in Review Video

Recently

boston.evrealestate.com

©2023 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Information about any property described was provided solely by seller(s) without verification by the broker(s) therefore broker(s) is/are not responsible for the accuracy of the information contained herein. Buyer should take any and all steps necessary to verify said information. Offerings are subject to prior sale, price change or withdrawal without notice. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. An Equal Opportunity Employer. Equal Housing Opportunity.

Summer Property Spotlight

580 Washington St, #208 I Midtown

3 Bedrooms I 3 Bathrooms I 1,684 sq ft I Valet Parking

Corner unit with dramatic views of Washington St & Avenue de Lafayette. Freshly painted with sparkling new oak floors, the well-maintained kitchen features custom cabinetry, glass backsplash, granite countertops & Bosch appliances. The oversized living room with floor-to-ceiling windows is an ideal space for entertaining. Sound proof windows protect you from any lively city noise. Millennium Place offers 24-hour full-service concierge with the highest level of amenities, including valet garage parking, a resident club level with fitness center, private dining room, children’s play room, movie theatre, a private spa, and a yoga/pilates room.

27 Williams Street I Newton

Single Family I 3 Bedrooms I 1.5 Bathrooms I 1,911sq ft

A charming single family with detached garage located on a quiet cul-de-sac yet close to everything! Great starter home, downsizing or in-between! First floor was completely renovated in 2008 making it modern and move-in ready. Enjoy a cozy living room with electric fireplace for ambience, large dining room, stylish kitchen, and new half bath on first floor. Spacious kitchen includes stainless steel appliances, gas cooking, custom built-in dry bar, and area for a kitchen table. Second floor has three sizable bedrooms and gorgeous marble bath with rain shower and deep jacuzzi tub. Appreciate a fully landscaped yard with wood deck, paved driveway, and Charles River Pathway at the end of the road.

191

Washington

Street, Unit 315 I Brighton

New Construction I 1 Bedroom I 1 Bathroom I 498 sq ft

Luxury junior 1 bedroom at Stratus in Brighton is one of the few homes in the complex designed with a huge private patio which leads to additional common outdoor space. White kitchen has Bosch appliances including paneled refrigerator and dishwasher, and a stainless range and microwave. Wood flooring, In-unit laundry, Central AC, and bathroom with tiled shower and storage. Building amenities include Concierge, Fitness Center, Sauna, Pool, Library, Large Common Terrace with Grilling Station and Fire Pits on 3rd floor and Sky Lounge, Roof Deck and Game Lounge on 6th floor.

Summer Property Spotlight

485 Harrison Avenue, Unit 3509 I South End

Deeded Garage Parking I 2+ Bedrooms I 2 Bathroom I 1,386 sq ft

Stunning, spacious corner unit at The Harrison Lofts. Expansive 2 bed leaves opportunity for an easy addition of a 3rd bedroom. Double wide entryway doors open to a chef’s dream kitchen featuring stainless steel appliances, gas cooktop, quartz island, and ample storage. Incredible sunlight from NW exposure bathes a large living/dining/ entertaining space featuring custom built-ins and city views. King-sized primary bedroom with walkin closet and en-suite marble bathroom. Deeded garage parking, professionally managed building, and a brand new common roof deck overlooking Back Bay to help celebrate its new owners.

150 Dorchester Ave, Unit 514 I South Boston

Allele Lofts I 2 Bedrooms I 2 Bathrooms I 1,557 sq ft

Allele Lofts is all about open space. This is a rare high floor corner unit home, floors are stunning carbonized, vertical grain Bamboo. 672 sqft open L/R, D/R with an office area, high ceilings, 9’+ floor-ceiling windows & stunning city views from all windows & from your priv roof patio area only 2 floors up. The Chef’s kitchen with Caeser Stone counters, high quality German-made cabinets & Jenn-Air / LG, stainless steel appliances. Spread out in the main bedroom, with 2 floor-ceiling windows, large walk-in closet, ensuite bath with walk in shower, rain head & handheld, vessel sink & European style fixtures. A 2nd full bath is similar but offers a tub for convenience. 1 Garage Parking & full size W/D checks all the boxes.

1 Huntington Ave,

#408 I Back Bay

Valet Parking I 2 Bedrooms I 2 Bathrooms I 1,588 sq ft

Oversized 2 bedroom 2 bath in Trinity Place! Big open living area with dining and sitting alcoves sunlit by south facing windows and wood flooring. White chef’s kitchen is fully applianced and offers tons of cabinet storage with adjacent laundry and full bath. Both bedrooms are quite generous, each with double closets and lovely light. Primary includes a big en-suite bath. Building amenities include lovely common areas with 24/7 concierge and gym, spa/ massage room. Delightful Back Bay/Copley Square location with world class dining, shopping, nightlife and culture at your doorstep and around every corner. Your spot to enjoy city living at its finest!

Back Bay Neighborhood Market Trends

Back Bay Neighborhood Statistics

Back Bay’s rich history and trendy restaurants, and nightlife create a vibrant atmosphere everyone wants to be part of. Our own office is located in the heart of BackBayandwecanattesttothemajestic bustle! The number of condos sold remained steady while the average days on market increased. Average sales price decreased by13%eveningoutthemarket. The current average list price for a condo in Back Bay is $4,758,944 with 129 units onthemarket.However,wemusttakeinto considerationthisincludesinventoryfrom ournewestluxurybuilding,Raffles.

Beacon Hill Neighborhood Market Trends

Beacon Hill Neighborhood Statistics

Brick row houses with beautiful doors and gaslit cobblestone sidewalks lined with window boxes all add to the charm and mystiquethatcanonlybefoundinBeacon Hill. The number of condos sold dropped nearly 50% year-over-year in the second quarter.Averagesalepricealsodecreased. Days on market has increased pointing to a more balanced market and we predict more inventory to come on the market in the coming weeks. The current average list price for a condo in Beacon Hill is $3,559,625 with 24 units currently on the market.

Average price per square foot (Q2) Beacon Hill condos

$1,185

Brookline Neighborhood Market Trends

Brookline offers a rare mix of urban living in an attractive suburban atmosphere. Its variety of restaurants, shopping and iconic cultural institutions backdropped against an acclaimed public school system make it singularlyappealing.Thenumberofcondos sold dropped 12% year-over-year for the second quarter. The average sales price increased and days on market remained steady showing a well paced market. The current average list price for a condo in Brookline is $1,434,484 with 58 active listings. The single family market remains fastmovingwithonly17homesforsalewith anaveragelistpriceof$4,215,407

Cambridge Neighborhood Market Trends

Cambridge Neighborhood Statistics

Cambridge is located directly across the Charles River from Boston. It’s home to world famous universities, highly-rated publicschoolsandanimmensecivicpride in its vibrant cultural scene. The number of condos sold decreased 12% year-overyear in the second quarter. The average sales price increased slightly. Our listings in Cambridge are not lasting long! With students and professionals alike heading back to the Cambridge market, we are sure to see a strong finish to the year in yourneighborhood.

Cambridge I Just Sold 5 Brattle Circle, Unit 5

Set in an idyllic place close to historic Brattle Street, this well-appointed and pristine 2012 townhouse is ready for you to move in.The open-concept layout, modern kitchen, charming gas fireplace and access to a private garden patio make it an ideal space for entertaining and gathering with friends and family. Tranquility can be found on the next levels in expansive and sun-filled en-suite bedrooms. Adjacent to the primary bedroom is a third bedroom that offers further possibilities - a nursery for a family, home office or library for the avid reader. With an additional room in the lower level, in-unit laundry, multi-zone central air-conditioning and the easy to use direct access two-car garage makes this the perfect home. Close proximity to Harvard Square, Charles River and easy travel to downtown, I- 90 and Route 2.

Charlestown

Neighborhood Market Trends

Charlestown Neighborhood Statistics

Charlestownissteepedinhistorywithbrick townhousesinawaterfrontneighborhood that is home to the Bunker Hill Monument, the Navy Yard and endless stories of its colorful past. This quarter, the number of condos sold dipped 35%. The average days on market increased 25%, and the averagesalepriceincreased14%.Overthe pastfouryearsthe“pricepersquarefoot” has remained very steady. We recently listed and sold a fabulous single family in your neighborhood for top price- call for more information!

Jamaica Plain Neighborhood Market Trends

Jamaica Plain is a beloved neighborhood intensely proud of its diverse population and politics with serene green spaces aroundJamaicaPondandthroughoutthe vast Arnold Arboretum and Franklin Park. The number of condos sold decreased 38% year-over-year for the second quarter. Days on market increased a bit and average sales price remained steady - all signs of a strong end to the Summer market and a busy Fall ahead! Over the pastfouryearsthe “pricepersquarefoot” hasremainedverysteady.

Jamaica Plain Featured Listing

754 Centre St, Unit 15

Step outside your front door and enjoy being in the heart of Jamaica Plain! This spacious three bedroom corner penthouse condo in a historic Victorian brick building has awesome views, privacy, and tons of natural light from all directions. Enjoy an open layout designed for entertaining with fireplaced living room and 14 ft ceilings. Unit blends stylish upgrades and vintage charm, including in-unit laundry, stainless steel appliances, quartz counters, recessed lighting, stained glass transom, exposed brick, dark hardwoods, and large custom closets. Primary bedroom fits king-sized bed with room to spare! Enjoy two additional good-sized bedrooms great for roommates, guests or home office. Also included is a large exclusive use storage unit in basement. Great location close to hospitals, shops, restaurants, parks, Jamaica Pond, and public transportation. Professionally-managed condo association with a common courtyard and bike storage. Condo fee includes heat & hot water.

Medford Neighborhood Market Trends

Medford is one of Boston’s best kept secrets. It’s just minutes from downtown Boston, filled with fabulous restaurants, shopsandbars, pluseasyaccesstopublic transportation - who knew?! The number of condos sold decreased 26% while days on market increased in the second quarter. Selling prices are still going over their list price and the average sales price remaining steady, the market is certainly showing signs of a strong quarter ahead. Over the past four years the “price per squarefoot”hasremainedsteady.

Midtown Neighborhood Market Trends

Boston’s Midtown is centrally located near Boston Common and driven in part by the many full-service buildings. The average sales price jumped a staggering 38% with an average list price currently at $3,686,233 and 73 units on the market forsale.Numberoflistingssoldincreased, whiledaysonmarketdecreasedby 56%. The full service market in the Midtown neighborhood is certainly coming back. Midtown’s newest development, The Residences at Winthrop Center is open and truly a stunning masterpiece. It is a mustseeproperty!

Newton Neighborhood Market Trends

Newton is located just seven miles West of downtown Boston and built around 13 distinct village centers - each with its own character. It’s also home to one of our shops at 77 Union St. in Newton Centrestopbyandvisitusanytime!Afterastrong push to move to the suburbs, the number of single family homes sold increased again by 38% year-over-year for the second quarter. In addition, the average salespriceofahomeincreased4%andis consistently going close to the list price. If you have ever considered selling your homeinNewton,nowisthetime!

Newton Featured Listing

27 Williams Street I Newton Upper Falls

A charming single family home with detached garage located on a quiet cul-de-sac yet close to everything! This sunny 3 bed/1.5 bath is a great starter home, downsizing or in-between! First floor was completely renovated in 2008 making it modern and move-in ready. Enjoy a cozy living room with electric fireplace for ambience, large dining room, stylish kitchen, and new half bath on first floor. Spacious kitchen includes stainless steel appliances, gas cooking, custom built-in dry bar, and area for a kitchen table. Second floor has three sizable bedrooms and gorgeous marble bath with rain shower and deep jacuzzi tub. Appreciate a fully landscaped yard with wood deck, paved driveway, and Charles River Pathway at the end of the road. House was converted to gas (2018), new furnace/central AC (2018), sewer line replaced (2018). Newton Upper Falls is conveniently located close to shopping, restaurants, easy freeway access, parks and public transportation.

North End Neighborhood Market Trends

North End Neighborhood Statistics

The North End is one of Boston’s most historic neighborhoods, famous for its iconic streets and historic figures, architecture and amazing culture and restaurants. Limited inventory in the neighborhood is softening the market a bit, but we expect proprties to come on the market fast and furious for the fall market ahead. We’re excited to announce ourfourthEngel&Völkerslocationat345 Hanover Street is flourishing- stop by anytime! We are sure to have some great coffeeandpastriesonhandatalltimes.

Seaport District Neighborhood Market Trends

The Seaport District is Boston’s newest neighborhood with an influx of vibrant luxury buildings. The number of condos sold dropped off significantly by 41% year-over-yearinthesecondquarter.The average sale price decreased due to no newrecentdevelopmentsbeingsoldand closedinthisquarter.Manyunitsinthese luxury buildings are selling, continuing to drive activity in the neighborhood. The St Regis has officially joined the neighborhoodandiscertainlyawonderful addition to have!

Somerville Neighborhood Market Trends

Somerville offers its proud residents an urban/suburban feel with proximity to downtown Boston and many bars, restaurants, coffee shops and parks. The number of condos sold remained steady. Daysonmarketandtheaveragesaleprice both increased. Somerville continues to be a highly sought after neighborhood. Over the past four years the “price per squarefoot”hasbeensteadilyincreasing.

Somerville Featured Listing

11 Pembroke Street, Unit 1

Rare Winter Hill Victorian condominium on a corner lot. Big 3 bedroom, 2 bath unit with 2-car parking and gorgeous wood floors. Oversized fireplaced living room open to dining with bay windows or use pocket doors as formal dining. Fully applianced kitchen with wood cabinets, stainless steel appliances and separate eating area with chandelier and space for a table. Coveted first floor bedroom and full bath round out this floor. The lower level offers a gorgeous staircase and two additional bedrooms and full bath. Each bedroom has a big walk-in closet with great storage. Winter Hill offers a leafy streetscape yet is just minutes to new Green Line extensions and Davis Square with all the dining, shopping and nightlife for which it is known. Easy commuter options to Tufts University, public transit and roadways in and out of Boston and beyond. Don’t miss out on a great unit in an awesome location!

29 Day Street

Offer Accepted

Better than a single family! Superior design finishes crafted into wonderful spaces indoors & out. Glorious entry with stained glass opens into expansive sunlit living + dining for effortless entertaining spilling outdoors. Open kitchen with sleek top of the line cabinetry, gleaming stone counters, premium stainless appl + expansive island. Upstairs offers exceptional primary with private deck, walk-in closets and en-suite spa bath. Top floor opens into stupendous home office with sitting area, tree top views and skylights. Landscape architect designed outdoor areas bursting with mature plants in both yard & private patio. Parking for 2 cars in driveway.

South End Neighborhood Market Trends

South End Neighborhood Statistics

The South End is one of the most beloved and popular neighborhoods in the City. It’siconicbrickrowhouseswerethefirstin thenation;addarichsocial,shoppingand dining scene and it’s no wonder there are so many “lifers!” The number of condos sold year-over-year for the fourth quarter decreased 49%. The average sales price remained steady. The ratio of sale to list price(thisistheamountbuyerscanexpect to pay) dropped a bit. We are looking forward to seeing more inventory coming onsoon,hopefully!Therearecurrently97 condos on the market with an average list priceof$1,830,450.

Data per MLSPIN

Average price per square foot (Q2)

End condos

South End Featured Property

485 Harrison Avenue, Unit 3509

Stunning and spacious corner unit with deeded garage parking at The Harrison Lofts. Expansive 2-bed laid out of just under 1,400sq ft leaves opportunity for an easy addition of a third bedroom. Double wide entryway doors open to a chef’s dream kitchen featuring stainless steal appliances, gas cooktop, quartz island, and ample storage including a separate pantry. Incredible sunlight from NW exposure bathes a large living/dining/entertaining space featuring custom built-ins and city views. King sized primary bedroom with walk-in closet and en-suite marble bathroom. Spacious second bedroom with ample closet storage and adjacent second marble bath. The unit is complete with central AC / Heat, more storage, hardwood floors, deeded garage parking, professionally managed building, and a brand new common roof deck overlooking Back Bay to help celebrate its new owners.

South Boston Neighborhood Market Trends

South Boston Neighborhood Statistics

South Boston is a neighborhood on the move,hometomanyyoungprofessionals and families drawn to the vibrant community and convenient location. The number of condos sold decreased 43% year-over-year for the second quarter. Buyersareoutlooking,soifyouhaveever considered selling in South Boston, now mightbeanidealtimetolistyourproperty! ComevisitusatourSouthBostonlocation anytime-493EastBroadway!

South Boston Featured Property

150 Dorchester Avenue, Unit 514

Allele Lofts is all about open space. This is a rare high floor corner unit home of 1,557 sq ft, floors are stunning carbonized, vertical grain Bamboo. 672 sq ft open living/ dining area with an office area, high ceilings, 9’+ floor-ceiling windows and stunning city views from all windows and from your private roof patio area only 2 floors up. The Chef’s kitchen with Caeser Stone counters, high quality Germanmade cabinets & Jenn-Air / LG, S/S appliances is as new. Spread out in the main bdrm w 2 floor-ceiling windows, large walk-in closet, en-suite bath with walk in shower, rain head & handheld, vessel sink & European style fixtures. A 2nd full bath is similar but offers a tub for convenience. 1 Garage Parking & Full size W/D checks all the boxes. Close to Downtown, South End, Fort Point Channel, Seaport District & Waterfront. A beautiful highly regarded luxury residence perfectly located on the edge of South Boston, South End, & Seaport surrounded by award winning restaurants, cafes & easy commuting options!

Boston’s Waterfront Neighborhood Market Trends

Boston’s Waterfront, beyond it’s salty air andgloriousviews,hasarichhistoryaswell. It’s home to many full service buildings, the Harborwalk, and New England Aquarium. The number of condos sold decreased 42% year-over-year for the second quarter. The ratio of sale to list price decreased and the average days on market decreased 27%. The average price per square foot has remainedconsistent.With17unitscurrently under agreement in the Waterfront and 45 forsale,themarketisinfullswing.

West End Neighborhood Market Trends

The West End, with its glorious Charles River views and iconic Zakim Bridge, sits adjacent to the famed Beacon Hill and has many luxury high-rises. It’s also conveniently located near Mass General Hospital, TD Garden (home of the World Champion Boston Celtics and Bruins) and the Museum of Science. The number of listings sold decreased but interest remains strong. If you have ever considered selling, now is the time! There arecurrently10condosonthemarketwith an average list price of $650,940 and 2 underagreement.

West End condos

Engel & Völkers We’re everywhere you want to be. Fully dedicated team of experts

Engel & Völkers manages a global marketing infrastructure out of our corporate headquarters in Hamburg, Germany that supports our shops and advisors worldwide. This support adds to the targeted marketing strategies delivered by our Americas headquarters in Manhattan to support the local markets served by our Engel & Völkers advisors. Each local shop then leverages the brands national and international resources and reach through its dedicated marketing specialist who works with each advisor to create customized, multi- channel campaigns for each property we market.

Engel & Völkers marketing strategies and offerings are rooted in data and research for optimal results --- at every level. By identifying the unique qualities of a property and placing it in the context of current and trending market conditions, we then identify target market groups and create campaigns to provide maximum exposure of the property alongside messaging and branding to attract the most qualified buyers. Our creative approach is also backed by consumer data and testing to ensure we highlight your property in the best light.

Giving you

EDGE. Smart marketing. Extensive exposure.

the

Global reach with boutique style is what you can expect when working with an Engel & Völkers advisor here and around the world. Providing unprecedented reach of your property, Engel & Völkers offers the exclusive EDGE (Extensive Domestic & Global Exposure) platform designed to maximize online exposure of your listing to qualified buyers worldwide via a suite of highly trusted and strategic online and mobile marketing partners. But we don’t stop there. With a global network of more than 11,000 real estate professionals in more than 30 countries, we not only reach millions of consumers, but are able to collaborate with our fellow Engel & Völkers advisors to strategically handpick and refer buyers for the specific properties they seek … like yours.

Let us provide the EDGE you need to sell your home and begin your next adventure.

The world deserves to see it. You deserve to sell it.

Support our Local Restaurants and Businesses

Bagelsaurus

1796 Massachusetts Ave, Cambridge 02140

We’re a modern bagel bakeshop and café in Cambridge, Massachusetts specializing in handmade, slow-fermented bagels. Over 24 hours of patience and fermentation, we coax five simple ingredients and a decades-old sourdough culture into a chewy, crackly, uniquely flavorful version of your favorite breakfast bread.

Our personal favorite...the Classic Jumbo with bacon and an iced coffee. You can’t go wrong!

Toro 1704 Washington St, Boston 02118

Toro is a Spanish tapas restaurant and bar that has been serving the South End since 2005. Created by James Beard Award-winning Chefs Ken Oringer and Jamie Bissonnette, the menu features Barcelona-inspired hot and cold small plates, designed to be served and enjoyed tapas-style. The beverage program features classic-inspired cocktails and an eclectic, carefully curated wine list.

Gufo

660 Cambridge St, Cambridge 02141

Modern Italian Eatery Gufo Takes Flight in East Cambridge this Summer. With a name that means “owl,” the pizzas, pastas, and small bites are a hoot. Join us and the community for traditional Italian meals, homemade pizza, cocktails, and all-day café in East Cambridge. From the team behind SRV Boston and The Salty Pig.

We certainly can’t wait to try this fabulous new restaurant concept!

Prima 10 City Sq, Boston 02129

Prima’s hand-crafted menu has been meticulously curated to provide our guests a comfortably elevated dining experience in a neighborhood deserving of one. Fresh, hand-rolled pastas, al forno parmesan, craft cocktails, and an impressive a la carte selection of fire-grilled steaks and chops anchor a highly shareable menu that eats the way an upscale urban Italian menu should. We’re excited to be here. We look forward to hosting you.

Engel & Völkers Cares

Engel & Völkers Cares

Engel & Völkers is a proud champion of Special Olympics, specifically focused on creating more inclusive communities through its Athlete Leadership and Play Unified programs. We are committed to giving back to and investing in the neighborhoods our clients desire because these too are the places in which we live, we play and we raise our families.

Special Olympics

Engel & Völkers is a proud champion of Special Olympics, specifically focused on creating more inclusive communities through its Athlete Leadership and Play Unified programs. We are committed to giving back to and investing in the neighborhoods our clients desire because these too are the places in which we live, we play and we raise our families.

Special Olympics athletes contribute to our story. From them we learn, we think differently and realize what we can accomplish as individuals, as local

Special Olympics athletes contribute to our story. From them we learn, we think differently and realize what we can accomplish as individuals, as local

brokerages and together across time zones and borders—it’s a common good that unites us. Every hour given, every dollar donated, every kind word spoken and every door opened creates opportunities for those who need it most. We believe that in order to lead, we must empower others to do the same.

brokerages and together across time zones and borders—it’s a common good that unites us. Every hour given, every dollar donated, every kind word spoken and every door opened creates opportunities for those who need it most. We believe that in order to lead, we must empower others to do the same.

Ask how our shop specifically contributes to this amazing cause.

Ask how our shop specifically contributes to this amazing cause.

Meridian Realty Group Full Service Property Management

Selling pretty properties isn’t our only goal. Keeping them pretty is part of our service.

24/7 Full Service Property Management Division

As part of Engel & Völkers’ service, we offer 24/7, full service property management through our sister company, Meridian Realty Group (MRG). Meridian offers wide ranging resources providing hands-on management for owners, investors, residents and their properties. We specialize in associations from three to 100+ units. State-of-the-art management and property accounting systems are in place to electronically pay condo fees, submit work orders, track rental activity for multi-family owners, and provide online access to building documents and monthly financials. We work closely with associations, condominium boards, and single and multi-family owners to establish and implement policies that will enhance quality and property values.

Meridian Realty Group utilizes a unique team approach providing comprehensive residential and multi-family property management services. Our senior principals have over 100 years of combined experience in property management; creating programs and services tailored for each individual client.

Preventive maintenance is the regular inspection and repair of equipment and facilities to prevent extensive, costly damage from occurring over time. Preventive maintenance can go a long way toward reducing the overall cost of your condominiums, as large expenditures for repairs and replacements can often be avoided by a careful attention to detail. Following a thorough condominium preventive maintenance checklist can help you to increase the attractiveness of your property.

Email us today for a free on-site consultation at info@mrgproperty.com

Landscaping

Landscaping not only adds value, but can increase the enjoyment of your home. Whether it be in the common or private areas of your association, picking the right plantings and materials is important to maximize enjoyment for all.

Building Overview

Now is a great time to make your front entrance welcoming. Whether it is a fresh coat of paint or a new set of planters, it’s the small inexpensive things that can make a world of difference. Don’t forget to review your vendors from last year. Were you happy with the snow removal, leak repairs, heating, management company responsiveness, etc.? If not, make a couple of calls to see who else might better fit your needs.

Inspections

Perform regular inspections on all equipment and facilities that are subject to damage or normal wear and tear. Inspect such things as roofs, insulation, ventilation systems and appliances to ensure that they are operating safely and efficiently.

Cleaning

Stick to a regular cleaning schedule for fixtures such as air ducts and exterior siding to ensure that dirt, mildew and other buildup does not cause any damage. Clean and replace filters in heating and air conditioning units, as well as appliances such as washing machines and dryers, to prevent fire damage. New or cleaned filters also help to keep electricity costs down, as the appliances can operate more efficiently with an unrestricted flow of air.

Pest Control

Bring pest control specialists into your condominiums at least once per year. Common pests can increase their populations rapidly and can quickly infest an entire property, causing extensive damage to interiors and electrical infrastructure. Act proactively to ensure that pests do not gain a foothold in your properties, and respond quickly to any pest complaints.

Testing

Test emergency equipment such as sprinkler systems, smoke alarms and fire extinguishers to ensure that they remain in working order. Properly maintained safety equipment can prevent a small mishap from becoming a major disaster. Fire escapes need to be certified every 5 years per the Commonwealth of Massachusetts. Elevators need state inspections on a scheduled basis.

Sealants

Reapply all sealants before a problem occurs. Sealants on steps, decks, bricks, exterior paint and window caulking can corrode over time, exposing your property to the risk of internal damage. Keeping on top of these items not only helps to keep your structure strong, it can also cut down on energy, assessments, and repair bills in the future.

WE ARE ENGEL & VÖLKERS.

Pat Barosy strives to check all the boxes! He has an infectious positivity and genuine desire to help! Having double majored in Psychology and Sociology he’s developed a deep understanding of how to communicate and truly connect with people. It’s these people skills that create the lasting and meaningful relationships that keep his clients returning time and again.

During his time in the technology space, whether as an Apple specialist or content marketer, Pat learned the value of distilling complex information into language that could be universally understood. He easily translates market trends into digestible information that allows clients to make informed decisions that meet their goals. Everyone who’s worked with Pat will tell you, no matter the environment, people and their needs come first with him. Reach out for any information you may need – you'll be in great hands!

Patrick Barosy - Engel & Völkers Boston Real Estate Advisor

46 Gloucester Street Boston, MA 02115

Mobile:

+1 617-515-1892

patrick.barosy@evrealestate.com

CRAFTING BESPOKE HOMEBUYING EXPERIENCES IN BOSTON.