guest blog by: Lillian Swift

A promising fourth quarter of 2011 was a great surprise for the Boston real estate market. Demand is strong in the greater Boston area, thanks in large part to the city’s relatively low unemployment rate of 5.7 percent. There are a number of forecasters in the housing market, who despite total year numbers that weren’t as promising as short term results, believe the Boston real estate market is primed for a stronger year than it has seen in quite a while.

Boston is one of five cities that real estate giant Trulia expects to be hotspots in 2012. The others include New York and Houston, just to name a few. Modest price increases are expected during the year as well as an uptick in new construction. Boston universities and research centers are expected to be a major driver of the rebound in both prices and demand. Educational and employment opportunities are both drawing people to the Boston area. Foreclosures are also expected to decrease a little in 2012 as banks finally get through the backlog of delinquencies.

Boston real estate market is getting stronger.

From November 2010 to November 2011, the vacancy rate for apartments in Boston fell from nearly five percent to 2.7 percent. The increased demand will lead inexorably to higher rents and rents are expected to rise by 10 to 15 percent this year. These increases will be especially noticeable in popular neighborhoods, such as Somerville, Beacon Hill and the Fenway. The higher demand for rental units could drive some in the market towards a home purchase in 2012.

While prices decreased by 2.6 percent year-over-over in the fourth quarter of 2011, they also increased by 9.9 percent compared to third quarter prices. The median sales prices for homes in the Boston metro area for the fourth quarter of 2011 was $560,260. The largest price increases during this quarter were seen in four-bedroom homes, which increased in price by an astounding 92.2 percent year-over-year. The average price for a two-bedroom home also increased and by a more-than-healthy 24.7 percent. One-bedroom homes lagged behind; prices “only” increased by 5.7 percent. Three-bedroom units were the one holdover; prices on these homes fell by 9.9 percent year-over-year in the fourth quarter.

Prices are continuing their increase in the New Year. Thus far, prices have risen by 1.1 percent since the last week in December. They have also increased by 2.0 percent when compared to the same week in 2011. All of these signs point to a steadily strengthening real estate market in the Boston area during the winter of 2012. Given some positive trends towards the end of 2011, hopefully the Boston real estate market is primed for a full year of good trends in 2012.

Eat Jamaica Plain

Shopping for local food in Jamaica Plain needs to be your priority.

I don’t know about you, but I’m ready to beat my head against the wall over this Whole Foods vs. local food community upheaval. The answer seems so obvious but many seem to be more interested in the sound of their own voice than a viable solution. “Can you hear the words coming out of my mouth?” Ever since T.S.H.T.F. and the community caught wind of the approach of the Deathstar Whole Foods I’ve been vexed by the complete lack of creative thought and logical reasoning being employed to understand and solve this issue. There is no local food tractor beam people.

I’m not even going to get into anything that happened in the past or who should have done what, or who deserves to live in Jamaica Plain, or the definition of gentrification or why you should buy local food. You can read that all over the place. I will assume you know why you should buy local food and move on. The big question in my mind is who says anyone has to shop at Whole Foods at all let alone make it their local food source? No one is forcing you. The best way to vote is with your dollars. For food, for fuel, for change, for everything. That’s what America understands. I’m not saying it’s right but that’s the way it is. As a Jamaica Plain real estate agent I know all too well – buyers set the market. Supply and demand, right? If more of us demand fresh local food, someone will supply it.

Local food is right around the corner.

In a recent article by adamg of Universal Hub I learned there are 20 bodegas in Jamaica Plain. I’m familiar with many and I have been patronizing El Progresso Market on the corner of Boylston and Amory for about 6 years. In addition The Plaza Market at Boylston and Haverford began selling local pork, eggs, butter and milk. Unfortunately, I bet they won’t for long. I’m not sure, but the owner doesn’t seem too enthusiastic about this segment of his business when I visit. We need to not only support these small businesses, but repeatedly tell them what we want from them in order to give them our business. If you don’t like Whole Foods go somewhere else. Seek out the nearest mom & pop and buy some groceries. You know what’s kind of fun? Grab something random of which you have no idea what it is. I like the fruit drinks personally. I had never even seen some of those crazy fruits but they’re yummy.

Not surprisingly, I found the Compra Aqui (buy local food eat local food) website featuring all the small local food shops in Jamaica Plain. One of the major problems I see with the small local food movement success strategy is the lack of self promotion and a sustainable marketing effort. Hopefully this will change and maybe they are getting some help.

Direct from the local food website Compra Aqui:

“Jamaica Plain local business districts have a variety of stores that can provide a range of products to satisfy the diverse needs and wants of local residents, and the more people shop in these local businesses, the better these businesses will be able to respond to the needs of our diverse neighborhood.   
First, we hope to promote the dozens of shops in JP with affordably priced food, most of which are owned by local residents from within the Latino/Caribbean community.  Many of these shops currently sell Latino/Caribbean foods, and certainly would entertain offering other products that previously were only available at Hi-Lo.  
At the same time, we hope to promote the local businesses that offer more options of local and organic food than any other neighborhood in Boston.  These businesses include City Feed & Supply (two locations), Harvest Co-op, Plaza Meat Market, two Farmer’s Markets (six months a year), several CSA drop offs and direct farmer-consumer sales.”

This is a great idea. I’m really excited about the Jamaica Plain Shopping Spree this Saturday, April 16th. Here’s what they are offering:

“Come out and support your neighbors on April 16th during the J.P. Shopping Spree.  Our shops will highlights their specialties, offer sales and specials, cooking demos and tips.  Meet the owners of your neighborhood shops and engage in dialogue about what you’re looking for.  Chances are you will find it, and if not, let the local shops know what they are missing on their shelves.  Find the benefits of shopping locally.
Pick up a J.P. Shopping Spree Passport at any of the participating shops the week of the Shopping Spree.  On the 16th, visit 6 shops, and turn your stamped passport in for a raffle.  Winners will receive gift certificates, specials, discounts and more from our local shops. Take the 48 J.P. Loop to conveniently get to all three shopping districts.”

Now where talking! If you don’t want to support Whole Foods, put your money where your mouth is and support the local little guys! Don’t forget the farmer’s markets too! Check out this video of my fellow former Ozarkian and owner of City Feed, David Warner talking about local food.

I’ve been following the online conversations about Casey Overpass and speaking to a few locals. It seems the overpass is a crucial design problem for local authorities. In my opinion, it’s a make it or break it challenge for the future of Forest Hills. An outstanding design that is welcoming and solves the unbearable traffic issues in the area would transform the area and produce revenue and strengthen property values and the tax base for decades. On the flip side, get it wrong and Forest Hills could easily go down the drain.

There are so many design challenges in this city that go unmet. Instead of holding out for the long ball, impatience and short-sighted frugality tend to ruin the process. I’ve seen it many times right here in Jamaica Plain. I sincerely hope the Forest Hills residents are vocal and get some say in how they want their neighborhood to look and function. I’m reblogging an article from Patch here for your convenience:

That’s right. We’re packing it in, shuttin’ it down. We’re dropping the hammer. Closing the doors, turning out the lights, we’re throwing in the towel. Calling it a day.

No, we’re not giving up real estate – just some bad habits. Namely, using way too much paper and fuel. There’s a lot of tradition [read obsolescence] in my business. Folks aren’t all that open to electronic signatures yet, but that’s the way of the future. The Boston Home Team is going paperless. Well, not completely all at once, but we’re going that direction. As soon as we can come up with a viable alternative for property information sheets at open houses I think we’ll about have this problem licked. In the meantime, all of our contracts, offers, purchase & sale documents, etc. will be completely paperless. Electronic signatures are better all around. Thanks to the Esign Act of 2000 (I know! Who knew this has been around more than a decade!):

Electronic and digital signatures are just as binding as traditional pen and ink signatures as long as they are executed through a process that clearly establishes intent to sign and ensures all legal elements of proof. Furthermore, electronic signatures obtained through DocuSign are compliant with the federal Electronic Signatures in Global and National Commerce Act of 2000 (ESIGN) and the Uniform Electronic Transactions Act (UETA) which has been adopted in most states. As a result, they are legally binding and backed by a comprehensive audit trail. – Docusign FAQ

Basically, we can now generate any document, mark it up for initials and signatures and send it on it’s way. It ravels from one signer to the next until completely executed at which point it turns into a PDF and Presto! Everyone gets a copy in their inbox. Not even the Devil himself is this efficient when harvesting souls. I’ll bet he doesn’t even provide a copy of the contract.

Spring is in the air. It’s the season for properties to begin hitting the market in earnest. I think we’ve seen the last of the snow, so by the time little green plants start peeking out of the ground you should be prepared to hit the open house trail if you’re in the market for a new home. 143 new properties have hit the market since January 1, but 96 of those came on this month. It’s clearly getting ripe around here. I’m pleased to say I have a number of new homes hitting the market as well. Four this week, a couple next week and hopefully several more over the next month or so. I’m pretty excited about this newest batch of homes – they’re all exceptional values and beautiful. I have open houses all weekend and even a Commuter Open House on Monday for those of you with a little time when you get off the train on Monday. In no particular order, I’ll give you a brief run down on each of them and some of my favorite photos from the shoots. By the way, if you’re in the market, or even just considering it, you might want to sign up on my website as I have some super cool tools that the average home buyer will find quite useful. Ever been scrambling around on a Sunday (lacking the appropriate caffeination) trying to pull open house info from the Boston Globe, Boston.com, some random real estate website, etc? 45 minutes later your hunched over your computer furiously loading all the properties into Google maps and cross-referencing the open house times? No more! Check out my open house search tool. Just plug in your parameters and viola! you’re in business. all the available open houses are magically delivered to your screen, mapped and chronologically ordered. Pretty cool, eh? Sign up for an account for lots of other goodies. Anyway, the task at hand. The smallest of my three new homes is a loft-like condo in The Brewery District adjacent to Stony Brook station between Boylston and Porter. As described in MLS:

Loft-like 2BD in The Brewery District

Perfection. Design, efficiency and location. Brewery District loft steps from Stony Brook Station. Total renovation from basement to roof. High-efficiency heating and point of use, on-demand hot water for kitchen and bath. Amazing insulation in walls and roof. Incredibly well thought out design including cabinetry, and built-in oak/aluminum wardrobe. Roof rights and nice rear deck. This is a great space to just sit and enjoy the light and quiet – it has a certain Zen quality about it.

These descriptions aren’t as easy to write as you think so keep that in mind. Criticism welcome as long as it’s accompanied by a suggestion. This unit is seriously wonderful. It’s going to make some one very happy. I sold it several years ago at Arthouse and they had to pry it from my kicking and screaming then too.

What an amazing ceiling!

This is the perfect starter pad – not just because of the price point, but it’s been renovated really well. Way better than what is typical for a unit like this. Over insulated, thermal panes and steel doors make it efficient, but also really quiet. The look of the ceiling is obviously cool but check out the Miele washing machine/dryer. Under sink you’ll find a point-of-use, on demand hot water system. It runs the kitchen and the bath. Sweet! Open house Sunday April 2, 1:30p-2:30p. I’ll be having a commuter Open House on Monday April 4th, 5:50p-7p.

Next on the list is a single family home on 30 Neillian Crescent, on Moss Hill in Jamaica Plain. This home is one of the best values on the Hill in a long time. It may not be the cheapest ever, but it’s definitely priced right – especially considering the condition:

Beautiful open-plan home in highly desirable neighborhood. New kitchen w/SS apps and large prep space. Guests can sit in dining rm and chat w/the host or lounge in living rm in front of fireplace. Picture window looks out over quiet street of well-maintained homes and enormous corner lot. Each bedrm is bigger than the next with a large master facing the rear of the home. Huge, open family room with direct-entry garage and 3/4 bath. Short walk to Larz Anderson Park. Short commute to Med area.

Immaculate Moss Hill home in Jamaica Plain

30 Neillian Crescent Open Houses Sat April 2, 12-1p & Sun April 3, 1:30-2:30p

Living room with fireplace and picture window.

Finally, last but not least is 41 Bournedale Rd, Jamaica Plain. This is the Woodbourne Neighborhood. There are a handful of duplexes just like this one in the “Bourne” neighborhood and I’m a big fan of the layout. They have kitchen, dining and laundry all in the back with a door to the back porch and yard. There’s a tiny hallway separating the dining area from the living room. On one side of it the designer snuck in a built-in hutch. It’s a nice little surprise when you come around the corner. The living room has a wood burning fireplace and a set of stairs that gently curve upstairs out of site. Very cute. My favorite thing upstairs is a cozy reading room just off the master bedroom. I’d spend a lot of time there if it was my place. Here’s what I wrote on the MLS:

Charming 2 story home w/perfect plan. Property has feel of a house rather than a condo. Open kit/dining room opens to covered porch. Enjoy your morning coffee listening to the birds chirp in the wooded yard. Granite counters and stainless steel appliances. Breakfast bar separates kitchen from dining room with built-in hutch.Walk to T, conservation land, shops and restaurants. Ask about Forest Hills Initiative for exciting information about area future development.

Somewhere Hipsters are gathered around expensive beer, reading these out loud and making fun of me. So be it. Come by this Sunday 3rd and we can have coffee together on the back deck from 12-1p.

One of my favorite rooms in Jamaica Plain

Reblogging this from Boston.com:

I am very excited that each week, fresh, local food will be arriving at the Plaza Meat Market. Located at 207 Boylston Street, between Amory and Washington, just a short walk from Stony Brook station.  A whole pig arrives every other Friday for now. Every cut will be available including offal and bones. They should be able to offer very competitive prices because they are buying the whole pig. They also have local butter, eggs and milk! They hope to also patronize City Growers produce when the season begins in June.

The Plaza Meat Market has been in the neighborhood for 30 years and they hope to expand their local food stocks if the interest is there. Vote with your dollars!