Michael DiMella

Recent Posts

We've Moved! (our blogging operations, that is)

Posted by Michael DiMella on Thu, Feb 23, 2012

Quick Update:  We have discontinued our blog here at this site and moved our blogging "operations" to http://charlesgaterealty.com/blog

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Tags: charlesgate realty, blog, boston real estate blog

Final Chance: Back Bay Condo Auction, Starting Bid Only $315,000

Posted by Michael DiMella on Fri, Nov 18, 2011

In case you missed our last blog posts about the upcoming online auction we are holding for a condo on Marlborough Street in the Back Bay, it's almost upon us.  This Sunday, November 20th is Auction Day. Read more on our new blog here.

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Tags: auction, Back Bay, Condos, charlesgate

Back Bay Condo Auction Online on November 20th

Posted by Michael DiMella on Tue, Nov 01, 2011

Here's an extraordinary opportunity for buyers in Boston.  We'll be conducting an online auction for a Back Bay condo on Marlborough Street on November 20.  Auctions have been used to sell residential condo developments previously, but what makes this different is the online format of the auction, similar to an EBay auction with special modifications for real estate, and the fact that it is for an individual non-bank owned property.

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Tags: auction, Back Bay, Condos

The Emperor's New Clothes

Posted by Michael DiMella on Tue, Mar 22, 2011

[This is a guest post by iconoclastic developer and marketer, Merrill H. Diamond.  Merrill can be reached at mdiamond@diamondsinacori.com. Read his bio below.]


Having recently touted the first-class architecture of 45 Province, among other aspects of this extraordinary property, and the Marino Center at Northeastern, I’d like to turn my attention to the state of contemporary architecture, in general.

As an architect-turned-developer, I attended architectural school at a time when it was transitioning from the tail end of formal Beaux Arts training to the advent of Bauhaus, New Brutalism and other contemporary design ideologies that have continued to dominate the design of contemporary building design.  With that statement, I am dismissing the work of Frank Gehry which is, at best, a series of tours de force signature buildings, but not a real architectural movement.  Frankly, it’s more fashion than architecture, the latter of which must function in the real world, not in an isolated context as is the case with Gehry’s celebrated Guggenheim Museum in Bilbao, Spain.  A better example of Gehry’s failings is represented by the Strata Center at MIT, a building that is different for the sake of being different and hardly fits in within its context.  I’d hate to live across the street from it, and the photo below is its best view.

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Tags: architecture, Boston real estate, Boston condos, multi-family marketing, brighton condos, Charing Cross

A Tale of Three Sisters

Posted by Michael DiMella on Mon, Mar 14, 2011

[This is a guest post by iconoclastic developer and marketer, Merrill H. Diamond.  Merrill can be reached at mdiamond@diamondsinacori.com. Read his bio below.]


The Clarendon, The W, and 45 Province

It’s no secret that 45 Province*, like The Clarendon and The W, its two sister-projects (by way of demographics, pricing and, of course as evidenced here, association by anyone writing about any of the three), has struggled.  It’s also no secret that all three buildings came on the market at the exact wrong time, right around the time the financial world and the residential real estate market collapsed in 2008.  That said, the similarities end there for me.  Most people find The Clarendon to be the best located of the three and, in my opinion, it’s a reasonable piece of background architecture whose only flaw is the unresolved top of the building which looks like it’s missing…its top.  The W is both an uninspired piece of architecture and is situated in an area that best can be described as neither here nor there, but relatively close to areas that are both here and there.  I wish both buildings well as the economy begins to recover. 

The book on 45 Province is that its Downtown Crossing location provides its biggest challenge just as the architecture of the building provides one of its strongest and most unique selling propositions.  I tend to disagree with the book in this particular instance.

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Tags: architecture, Boston real estate, Boston condos, multi-family marketing

Perspective on the Boston real estate market under $1 millon

Posted by Michael DiMella on Thu, Feb 10, 2011

Following up on my last post on the luxury market above $1 million (and for all of us "common folk" out there that can't quite afford to enter the booming Boston real estate luxury market by purchasing one of these homes), here are a few details on the downtown* Boston condo market below that mark:

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Tags: Boston condos

The 15 Most Expensive Homes in Boston 2010

Posted by Michael DiMella on Sun, Jan 30, 2011

In 2010, there were 423 homes (single family and condos) in Boston sold for over $1 million equaling a total dollar value of $824,000,000.

That is UP 61.3% from 2009.  Surprised?  I am.  So much for the "great recession", at least for the $1M+ market segment.

But hey, 2009 was a dismal year, so the luxury market being up comparatively in 2010 is no surprise....right?

But....2010 was UP more than 23% compared to both 2007 and 2008 as well.

Let's have a look at the Boston luxury market stats (data from MLS): 

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Tags: luxury, Boston condos

Perspective: Greater Boston Real Estate Prices Since 1996

Posted by Michael DiMella on Thu, Jan 27, 2011

The graph below shows a long term view of home sales and prices in the Greater Boston region real estate market (made up of the 54 cities and towns more or less within the Rt. 495 belt west of Boston) since 1996.

As you can see, the number of sales is still off the peak substantially - but for what matters most to home buyers and sellers, prices began to rebound off the bottom in 2010.  In fact, single family prices in 2010 were off their peak (in 2005) by only 7%, and condos were off their peak (in 2007) by less than 2%. 

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Tags: home values, housing market, Boston real estate

Top 10 Luxury Condos in Boston

Posted by Michael DiMella on Tue, Apr 06, 2010

Since the luxury market is back alive and kicking again this year so far, I thought it was only fitting to spotlight the top 10 Boston luxury condos available for sale now.  Here they are in order of price, from low to high, with a photo and quick blurb from the MLS listings.  If you want more information on any of these spectacular residences don't hesitate to contact me:

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Tags: Back Bay, brownstone, Waterfront, luxury, Boston condos, best places to live

Downtown Boston condo sales surge in the first quarter

Posted by Michael DiMella on Mon, Apr 05, 2010

Condo sales in Downtown Boston* for the first three months of the year are up 38% compared to last year.  Across the board, the number of units sold, average price, median price, and price per square foot are all up substantially over 2009:

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Tags: Beacon Hill, Back Bay, Boston real estate, Boston condos