Congratulations, Boston homeowners. You are among the nation’s elite in expensive living, according to the 2009 Coldwell Banker Home Price Comparison Index. Since January 1, the average sales price for a four-bed room, two-and-a-half bath home in Boston is over $1.3 million. This figure ranks Beantown seventh in the top-10 among US markets behind five California cities and Greenwich, Conn.
When it comes to homes, Boston is flossin'
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Contrary to popular belief, the Mayflower passengers did not have a red carpet entrance.
There may not be any lights or cameras, yet, but there certainly is action in Plymouth, Mass today after a team of California film executives announced that Prosperity International, LLC of Orlando will lend $550 million to begin construction on Plymouth Rock Studios later this year. This soon-to-be Hollywood East has been in the works for two years and will sit on the the current 240-acre Wavery Oaks Golf Club. After the property is purchased for $16.5 million, construction on a $50 million dollar access road to the facility will begin.
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As the saying goes all good things must come to an end. Unfortunately that is the case with the $8,000 First-time Homebuyer Tax Credit. The program has been a huge success and has helped the housing market rebound from what some people are calling the bottom. With a hard deadline of December 1st 2009 now is the time to get out and look for the perfect Boston Loft you have been dreaming of.
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